The Business Facilitation Act of 2006 simplified the business licensing process with respect to starting a business and allowed businesses to start operations within three days of incorporation.
Also, residence permits and work permits for foreign investors, entrepreneurs, and professionals have been combined into what is called an occupation permit, which is now processed within three working days.
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The Board of Investment (BOI) acts as a one-stop focal agency for business registration.
BOI acts as the facilitator for all forms of investment in Mauritius and guides investors through the necessary processes for doing business in the country.
However, the World Bank report draws attention to the difficulties of investing in certain sectors in Mauritius such as electricity generation and distribution, waste management and recycling, and port and airport management, due to their monopolistic market structure and domination by a state-owned enterprise.
According to the ' African Countries of the Future 2011/12' report published by FDI Intelligence, a specialist division of the Financial Times, Mauritius moved up the overall ranking, climbing from fourth position to third overall, behind Morocco and South Africa.
For a limited number of regulated activities in such sectors as tourism, sugar, and broadcasting, an application for the appropriate permit or license must be made to the competent authorities prior to start of operations.