Shortly following the news that confirmed Mauritius as compliant with EU tax good governance principles, it has now risen seven places to 13th in the annual World Bank Doing Business report and consolidated its lead position as the best place for doing business in Africa.
Measuring business regulations and their enforcement across some 190 economies in the world, the Doing Business rankings analyse the extent to which business activity is enhanced or constrained in different countries. Each country is evaluated on ten indicators such as opening a business, getting a location and accessing finance.
World Bank recognised improvements in seven of the ten indicator categories for Mauritius, including ranking amongst the world's top ten best performers in the Paying Taxes and Dealing with Construction Permits indicators. This showcases the profound effect that public and private sector consultation has had on engineering best practices on the island nation, particularly concerning providing a conducive business environment to the investor community. The country's record placing, the improvement highlights Mauritius' rapid progression as a destination for business - it was ranked 49th in 2016.
The UAE also remains in the world's top 20, moving to 16th. Notably, among its several improvements it was recognised for its commitment to making starting a business less expensive by reducing fees for business incorporation.
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