Mauritius moves up seven spots and is now ranked 13th among 190 economies in the ease of doing business, according to the latest World Bank annual ratings released on 23 October 2019.
Mauritius performs significantly better than regional average, and is the only African country to make the top 15. Among regional business hubs, Mauritius has leapfrogged the United Arab Emirates at 16th position while Singapore remains at 2nd place globally.
Doing Business 2020 is the 17th in a series of annual studies investigating the regulations that enhance business activity and those that constrain it. Doing Business captures several important dimensions of the regulatory environment affecting domestic firms. It provides quantitative indicators on regulation for 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.
Economies that score highest on the ease of doing business share several common features, including the widespread use of electronic systems, sound business regulation, a high degree of transparency, the quality of the judicial process and protection from arbitrariness.
Mauritius’ rise in the ranking is linked to consistent reforms over the years to enhance ease of doing business while maintaining a transparent regulatory environment.