- 11 May 2017
: The Business Facilitation (Miscellaneous Provisions) Bill which provides for amendments to the legislative framework which are prerequisite for the removal of constraints in relation to permits, licences, authorisations and clearances to further facilitate the doing of business, was presented at the National Assembly by the Prime Minister, Minister of Home Affairs, External Communications and National Development Unit, Minister of Finance and Economic Development, Mr Pravind Jugnauth, on 09 May 2017.
During his statement at the second reading, the Prime Minister emphasised the importance of the Bill which he said constitutes another major stride in Government’s endeavour to boost up private investment, attract more Foreign Direct Investment (FDI), create employment for youth at a faster pace and build up on the renewed momentum in the economy.
The Business Facilitation Bill is a key determinant of the competitiveness of nations, especially for small open economies like Mauritius which are highly dependent on exports for growth and on FDI to bring in new technology and expertise, underlined Mr Jugnauth.
According to him, business facilitation is also crucial to boost up domestic private investment and to allow micro, small and medium sized enterprises to grow. Furthermore, he stressed on the need for a more business friendly environment to encourage the development of a new class of entrepreneurs. The Prime Minister also pointed out that the new Bill ensures that regulations are business friendly and that firms, in particular, start-ups, do not face bottlenecks and red tape, and that costs of investing and operating a business in Mauritius are globally competitive in line with the objective of the Government in improving the country’s ranking in the Ease of Doing Business worldwide.
On this score, he recalled that Government will work towards improving the position of Mauritius with regards business facilitation and that a Steering Committee and technical working groups comprising both the public and private sectors have been set up under the Ministry of Finance and Economic Development to identify weaknesses, work out appropriate corrective measures and review relevant enactments, to improve the overall business, trade and investment climate.
The Business Facilitation Bill focuses on seven main areas, namely: facilitating cross border trade; expediting the process to start a business; expediting the processing and issue of construction permits; facilitating the process to register property; improving the insolvency procedures; transferring the system of collection and enforcement of social charges from the Ministry responsible for the subject of social security to MRA; and implementing an E-Licensing system to provide a single point of entry for applications for permits and licenses.