Mauritius is keen to attract Indian software companies to locate in the jurisdiction, and is prepared to offer substantial tax breaks and visa concessions in order to do so, according to Prem Nababsing.
Speaking at the weekend, the chairman of the Mauritius board of investment revealed that the government is aware of its shortcomings in the IT sector, and is looking to address them. The Times of India quoted Mr Nababsing as announcing that incentives such as a zero rate of taxation until 2008, and favourable conditions for obtaining business work permits and visas will be available to Indian software firms which choose to locate in Mauritius.
Addressing the members of the Mahratta Chamber of Commerce, Industry and Agriculture, the board of investment chief revealed that leading Indian IT company, Infosys, was first off the mark in leasing space in the jurisdiction's cyber park, currently under construction.
Infosys reportedly plans to locate its disaster recovery unit on the island, and recently obtained a blanket visa for 1,500 workers from the Mauritian government.
.
Network Tweets Archive
| Resources | Partners
| Site Map | Links
| Newsletter
Archive | Contact
| RSS Feeds
About | Syndication |
Advertising & Marketing |
Recruitment |
Terms & Conditions |
Privacy
Copyright © 2012 - All Rights Reserved - Tax-News.com
All content provided by BSI Media
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment