Narasiah points to the nation’s strong business and governance environment, which has been internationally recognized as the strongest in sub-Saharan Africa.
Regional driving force for the Bitcoin secret
According to the World Bank’s annual ‘Doing Business’ survey, Mauritius has the best business climate among the countries in the region and ranks 49th out of 190 countries worldwide. The World Bank’s ranking weighs factors such as simplifying the process of starting a business, enforcing contracts, obtaining credit, attracting Bitcoin secret investors and paying taxes.
In its annual competitiveness rankings, Mauritius has the most competitive economy, best infrastructure and highest-quality workforce in Africa, said the Bitcoin secret World Economic Forum.
Narasiah also highlights the country’s ongoing development of communications infrastructure – including projects to enable free Wi-Fi anywhere on the island and install fiber optic connections in every home – as a key incentive for technology investors.
The bridge to the major cryptosoft markets
Such stability and geographical location has made Mauritius a popular meeting place for financial cryptosoft services companies looking to enter new markets on the African continent. “Mauritius is a country many African governments want to emulate. So if there is a system in place that has been properly tested in Mauritius, there is some kind of security and credibility for this solution to cryptosoft marketing in Africa,” says Narasiah.
Mauritius has a bilingual workforce that speaks both English and French and has tax treaties with more than 20 African nations including South Africa, Zambia, Uganda and Rwanda.
The island nation also maintains close cultural and economic ties with India – an economy predicted to surpass China as the world’s most populous nation in the next decade.
About two thirds of the Mauritians are of Indian descent, and have been the largest single source of foreign direct investment in India in recent years. One of the reasons for this is a favourable double taxation avoidance treaty between the two nations.