Mauritius has signed 29 IPPAs)with 29 countries and is awaiting ratification with another 15 countries.
IPPAs are often more beneficial than double tax treaty agreements as they are designed to encourage and protect investments by minimizing risks of deprivation or loss. In the unlikely event of such an occurrence, fair and just compensation is guaranteed, offering investors an additional layer of assurance. This significantly mitigates risks, particularly in jurisdictions where nationalization or expropriation could pose a threat. Additionally, IPPAs ensure the free repatriation of investment capital and returns, further enhancing investor confidence and security.
These agreements are designed to promote economic growth, attract foreign investment, and boost trade, while providing tax efficiency for both Mauritius-based companies and foreign investors.
