The Marine Industry, comprising the seafood, aquaculture, seaweed and land-based

oceanic industries, is part of GovernmentÕs strategy for extracting more value from

our ocean to spearhead economic growth.

The Mauritius marine sector is more buoyant than ever and has the ideal conditions to

attract further investments.

THE MAURITIUS SEAFOOD INDUSTRY

The fastest growing seafood hub in the Indian Ocean

The Mauritius Exclusive Economic Zone (EEZ) extends widely over a surface area of

1.9 million km2 and provides the right business environment to position itself as a vibrant

seafood hub in the region. A recent study reveals that over 23% of the global annual tuna

catch comes from the Indian Ocean.

The government is promoting the seafood industry and has as objective to transform

Mauritius into a world class seafood hub for trading, warehousing, processing, distribution

and re-export of fresh, chilled and frozen raw or value added seafood products.

The Mauritius Seafood Hub has already attracted international seafood players

from countries like Spain, Malaysia, Japan, USA, Sri Lanka and France. Other seafood

operators have also expressed a keen interest to invest in the Mauritius seafood hub.

INVESTMENT OPPORTUNITIES

Tuna transhipment:

The port and Freeport offer all the logistics services, infrastructure facilities and one-

stop-shop services to ensure the rapid transhipment of fish in Mauritius. Tuna and other

demersal fish are the most common species being transhipped in Mauritius.

A number of foreign long liners operating in the South West Indian Ocean region are

using Mauritius as their transhipment hub. Mauritius has the right environment to attract

additional fishing vessels to call at the Mauritian port.

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Seafood processing activities

Existing companies have processing and canning capacity in excess of 100,000 tons

and are presently engaged in the following major fish processing activities:

filleting, packaging, canning, vacuum packing and production for ready-to-eat meals.

With the ever increasing demand of quality fish products in the world, investment

opportunities exist in the processing of value-added seafood in Mauritius that offers

the right infrastructural environment and duty-free entry on the EU market.

Aquaculture

New opportunities exist in the field of aquaculture for international investors. A master

plan on aquaculture has identified potential fish breeding sites around the island.

Tropical water seafood products can be farmed both inland and in the Mauritian lagoon.

With the emergence of the Land-Based Oceanic Industry in Mauritius, high value

aquaculture, including salmon and lobster farming is possible using the deep sea water

that has a high degree of purity and nutritive value.

THE LAND-BASED OCEANIC INDUSTRY IN MAURITIUS

A Unique Business Venture in a Pristine Location

Mauritius is ideally positioned to exploit the deep sea water currents that circle the

globe, moving massive undercurrents of 2,500-year-old sea water of the highest purity,

free of pollutants, rich in important minerals and nutrients and with medicinal,

pharmaceutical and therapeutic properties. These qualities have been scientifically

proven to be present in the Mauritian deep sea water. The island is also located in the

Indian Ocean, the cleanest of all the five oceans.

INVESTMENT OPPORTUNITIESThe qualities and characteristics of the Mauritian deep sea water, of a depth of

1,000 metres, make it ideal for the following medical, industrial, and other uses:

¥ Aquaculture

¥ Seaweed Culture

¥ Pearl Culture

¥ Bottling of Desalinated Deep-Sea Water

¥ Health Care Related Products

¥ Cosmetics

¥ High Purity Marine Salt

¥ Thalassotherapy

¥ Use of cold water for the air conditioning system

WHY MAURITIUS?

The modern and efficient port infrastructure, readily available Freeport facilities for

seafood storage and processing, an investment-friendly environment, competitive services

to marine-related activities and fiscal advantages, make Mauritius the ideal platform in

the Indian Ocean for investment in the Marine sector.

Competitive and Business Advantages

Investors who set up business operations in the marine sector will benefit from the

following competitive and business advantages:

¥ Modern cold and dry goods warehouses of 130,000m2

¥ World class logistics platform in accordance with EU standards and aligned onHACCP system

¥ Concessionary port handling charges for goods destined for re-export forFreeport companies

¥ Ship building and ship repair services of international standard

¥ Quality repair and assembly facilities for tuna purse seine nets

¥ Competitive policy towards the delivery of fishing licences and vessel registration

¥ Professional ship agency and logistics services

¥ Presence of all major petroleum companies for bunkering services

¥ Excellent ancillary seafood-related services at competitive rates

¥ Possibility for foreigners to become permanent residents of Mauritius and acquireimmovable property.

Fiscal Advantages

Mauritius offers a generous fiscal environment to investors, namely:

¥ Low corporate tax jurisdiction

¥ No duties on material inputs and industrial equipment

¥ Tax-free dividends

¥ 100% foreign ownership

¥ No capital gains tax

¥ Free repatriation of profits, dividends and capital

¥ Registration duty of 5% on the purchase of land and buildings for industrial purposes

¥ Access to offshore banking facilities

¥ No exchange control

¥ Generous package of annual allowances

The Mauritius Freeport

The Mauritius Freeport is a duty-free logistics, distribution and marketing hub for the

region. Logistics and warehousing facilities are readily available for the transhipment,

storage, processing and export of seafood products.

Additional Incentives for Freeport Seafood Companies:

¥ Duty-free entry of all machinery, equipment and materials imported into a Freeportzone for exclusive use in the Freeport

¥ Duty-free import of all goods destined for re-export

¥ 50% reduced port handling charges for all goods destined for re-export

¥ Opportunity to sell up to 20% of annual turnover in terms of value of goods on thelocal market

¥ Competitive fish licensing and registration fees

Fishing Agreements

Mauritius has fishing agreements with the EU and the Federation of Japan Tuna Fisheries

Cooperative Associations, under which the EU and Japanese vessels are licensed to fish

in its EEZ. Mauritius also has bilateral agreements which allow Mauritian flagged fishing

vessels to fish in the Seychelles and Mozambique waters. An agreement with Madagascar

is also being drafted.

Duty-Free Exports to EU

As a signatory member of the Cotonou Agreement, Mauritius is allowed to enter the

EU duty-free and quota-free market by satisfying the required criteria and rules of origin,

especially in terms of vessel registration, ownership and crew members.

Government One-Stop-Shop Service

The seafood industry has a dedicated government one-stop-shop service within the

port to ensure seamless import and export clearances. This one-stop-service falls under

the umbrella of the Ministry of Agro Industry and Fisheries and comprises services from

the Ministry of Health and Quality of Life, the Department of Veterinary Services,

the Passport and Immigration Office and the Customs Department.

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Availability of competitive and skilled labour force

The Fisheries Training and Extension Centre (FiTEC) has been established to cater for

the various training needs of small-scale fishers. Fishers are encouraged to move to new

fishery areas off lagoon and in the high seas. Courses offered include bank fishery,

tuna fishery and aquaculture.

Shipping and air connections

Main shipping lines such as Maersk, CGM, CMA, MSC, Evergreen and Mitsui operating

in the region have chosen Mauritius as their main port of call. Extensive reefer container

services are available for the re-export of frozen fish.

On the other hand, a regular reefer service from the Seychelles ensures the supply

of frozen tuna to Princes Tuna and to other tuna processing companies operating

in Mauritius.

Daily air connections to major European, African and Asian cities are available to export

fresh and chilled seafood products.

FORMALITIES TO SET UP A COMPANY

A company can be incorporated within a maximum of 3 working days.

The Companies Act 2001 allows for the incorporation of companies with the

following options:

¥ One shareholder,

¥ With or without any statutory constitution, and

¥ No minimum paid-up capital.

A company name should be reserved by filing a notice of reservation of name to the

Registrar of companies prior to incorporation.

Upon issual of a certificate of incorporation by the Registrar of Companies a unique

business registration number will be issued to the company which will be common for

all communications with the local authorities.

Companies may register with the Board of Investment for assistance and support to the

implementation of their projects or business.

Forms and detailed information are available on the following website:

http://www.gov.mu/portal/site/compdivsite

Contact Us:

The Marine & Logistics Cluster

Board of Investment

Email: marine@investmauritius.cominfo@investmauritius.com

LIST OF RELEVANT INSTITUTIONS CONTACT DETAILS

Fishing licences Website: www.gov.mu/portal/sites/moasite/fishform.html

One-Stop-Shop 4th Floor, Trade and Marketing Centre, Mer Rouge,Port LouisTel +230 206 2800Fax +230 206 2809Email: seafoodhub@mail.gov.mu

Mauritius Revenue Authority (MRA) Customs DepartmentIKS BuildingPort LouisTel: (230) 240 9702

BPML Freeport Services Ltd Website: www.bfslmauritius.com

Freeport Operations (Mauritius) Ltd (FOM) Website: www.freeport-mauritius.com

Froid Des Mascareignes (FDM) Website: www.seafoodhub.com

Mauritius Freeport Development Company Ltd (MFD) Website: www.mfd.mu

Ship Agency and Logistics Services Website: www.iblgroup.com/agencies

Bunkering Website: www.bunkerworld.com/companies/list/mu/any/bs_bt_list.html

Ship Repairs

Chantier Naval de l'Oc�an Indien Ltd (CNOI)Taylor Smith & Co Ltd

Website: www.iblgroup.com/repair/Website: www.taylorsmith.com/en/act_port_taylor.aspx

Repair and assembly of fishing nets

Casamar Website: www.casamarintl.com

Ministry of Agro Industry & Fisheries(Fisheries Division) Website: www.gov.mu/portal/site/fishsite

Mauritius Free Zone Logistics Ltd (MFL) Website: www.mflfreezone@intnet.mu

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Head OfficeBoard of Investment

Level 10, One Cathedral Square Building16 Jules Koenig Street

Port LouisMAURITIUS

TelÊ: + 230 203 38 00FaxÊ: + 230 208 29 24

Email : contact@investmauritius.comWebsite: www.investmauritius.com

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Paris OfficeBoard of Investment - Ile Maurice

124 Boulevard Haussmann75008 Paris

FRANCETel: + 33 1 45 44 62 14Fax: + 33 1 45 48 75 22

Email: paris@investmauritius.com

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Mumbai OfficeBoard of Investment - Mauritius

103 Mittal Tower ÔCÕ WingLevel 10, Nariman Point

Mumbai 400 021INDIA

Tel: + 91 22 56 30 86 17/8Fax: + 91 22 56 30 86 19

Email: mumbai@investmauritius.com

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London OfficeBOI Representative Office

c/o Mauritius High Commission32/33 Elvaston PlaceLondon SW7 5NWUNITED KINGDOM

Tel: +44 207 581 02 94 / 5Fax: +44 207 823 84 37 / +44 207 584 98 59

Email: london@investmauritius.com