Economy Guide in Mauritius

Very affordable costs (CPI: 37.75). Groceries (40.67) and restaurants (31.86) are very affordable compared to major global cities.

Property prices average 22.83 years of household income, indicating a very expensive market. The rental market (index: 10.29) is significantly more affordable.

A purchasing power index of 57.94 indicates low buying power compared to New York City.

Mauritius has a simplified tax system. The standard corporate and individual income tax rate is generally 15%, with progressive rates for higher individual incomes. The standard VAT rate is 15%, and there is no property tax.

Mauritius ranks 59th globally and 2nd in Africa in the Global Startup Ecosystem Index 2024, indicating a thriving business environment. The country benefits from pro-business policies, financial incentives, robust infrastructure, and a credible regulatory framework aligned with international standards.

Mauritius offers a comprehensive social security system including a universal, non-contributory Basic Retirement Pension and a mandatory contributory scheme (CSG) for employees. Public healthcare is free for residents, though expats often opt for private facilities. The Workfare Programme provides unemployment benefits, even for informal workers.

Deposits are protected up to MUR 300,000 (approximately USD 6,452) per depositor per institution under the Mauritius Deposit Insurance Scheme, operational since June 2024. The banking sector is well-regulated by the Bank of Mauritius, compliant with Basel III and FATF recommendations, and was removed from the FATF grey list in 2021.