Adoption of Economic Development Act, 2017
27 Jul 2017
On 27 July 2017, Mauritius adopted the Economic Development Act 2017, which provides for the establishment of an Economic Development Board. The institution aims, inter alia, to (i) provide strong institutional support for strategic economic planning and ensure greater coherence and effectiveness in economic policy formulation; (ii) promote Mauritius as an attractive investment and business centre, a competitive export platform as well as an international financial centre; (iii) act as the main institution responsible for country branding for investment promotion; and (iv) facilitate both inward and outward investment and ensure a conducive business environment. The Act provides for the establishment of a Business Facilitation One-Stop Shop, which (i) facilitates the setting up and operation of an enterprise which has a project value exceeding 20 million rupees and (ii) serves as a single authority to provide all the support and information that the enterprise requires to start and operate its business.
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Type:
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Promotion and facilitation (Investment facilitation )
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Industry:
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