The World Bank Doing Business Report measures business regulations and their enforcement across some 190 economies in the world and captures various business-related regulatory indicators such as starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts and resolving insolvency.
In its report for 2020, the World Bank has ranked Mauritius at the 13th position in the world from a position of 20th. It is the country’s best ranking since the report was first published in 2007.
The present ranking is the result of reforms spearheaded by the public authorities in close consultation with the private sector.
As a member of the high-level steering committee on Doing Business, the MCCI has been working in close collaboration with the public sector, most notably the Economic Development Board (EDB) on the implementation of the e-licensing initiative, business process re-engineering reforms, the setting-up of a Regulatory Impact Assessment (RIA) Framework as well as providing the necessary ecosystem and incentives to improve the ease of doing business in Mauritius.
Amongst the ten key indicators, Mauritius is currently ranked amongst the Top 30 countries in the world on eight indicators. In fact, on the ‘Paying Taxes’ and ‘Dealing with construction permits’ indicators, Mauritius is amongst the Top 10 countries in the world in terms of business facilitation. Nonetheless, reforms in improving credit access and trading across borders should be enhanced in priority over the upcoming year.
The MCCI shall continue to remain a strong advocate towards business facilitation in order to provide the most appropriate eco-system for entrepreneurs to engage in business and investment in Mauritius.
A full report of the Doing Business Report 2020 for Mauritius can be accessed here.