The Mauritius Freeport has over 30 years of existence and was set up with the objective of promoting Mauritius as a regional trading and logistics hub. The freeport industry has evolved over the years to develop specialized infrastructure. Today, 60 Hectares of land has already been declared with a Freeport status based at the airport, port and Riche Terre. The freeport infrastructure has reached almost 400,000 m2 of built-up area of 46 Hectares of land comprising of modern warehousing facilities, processing units, cold rooms and offices, all conforming to the stringent international norms and standards.
The Freeport Companies benefit from the below fiscal and non-fiscal incentives:
- Duty-free and VAT free for good and equipment imported into Freeport zones
- 3% corporate tax rate
- 100% foreign ownership
- Reduced port handling charges
- 8 year income tax holliday to new Freeport operators or Private Freeport Developers making and investment of atleast MUR 50 Million.
The Red Sea crisis has sent shockwaves through global trade routes, prompting nations to reassess their maritime strategies. As geopolitical tensions disrupt traditional shipping lanes, there arises a unique opportunity for countries to position themselves strategically in the evolving global trade landscape. One such nation that stands at the crossroads of potential is Mauritius, with its well-established port infrastructure and strategic location in the Indian Ocean.
The number of ships that have diverted from the Red Sea around Africa has risen to more than 100 (source: Javier Blas – Bloomberg Opinion Columnist)
The Red Sea crisis, characterized by heightened tensions and potential disruptions in a crucial maritime corridor, has far-reaching implications for global trade. As traditional routes face challenges, alternative pathways gain significance, and this is where Mauritius could play a pivotal role. As per global shipping giant Maersk, the Mauritius Port is one of the top options in case there is a need for bunkering along the way.
Mauritius boasts a strategic location in the Indian Ocean, providing a gateway between Asia, Africa, and the Middle East. With well-developed port facilities and a history of maritime trade, the island nation is poised to capitalize on the Red Sea crisis. By leveraging its geographic advantage, Mauritius can emerge as a key transshipment hub, offering an alternative route for goods moving between Europe and Asia.
Mauritius has invested significantly in its port infrastructure, with modern facilities and efficient logistics. The Port Louis Harbor, the main port of the island, is equipped to handle a diverse range of cargo, including containerized goods, bulk commodities, and petroleum products. This existing infrastructure positions Mauritius as a reliable and capable partner for international shipping companies seeking alternative routes. This not only enhances the economic prospects of Mauritius but also contributes to global trade resilience.
While the opportunity for Mauritius is evident, challenges must be addressed. Competition with existing maritime hubs, geopolitical considerations, and the need for sustained investment in port infrastructure are crucial factors that require careful navigation.
For more information, we invite you to contact Mr. Nitish Caullychurn on nc@oramacorporate.com. We would be happy to assist you with the right structure, relevant licensing and any ancillary services for your Freeport company in Mauritius.