Mauritius Country Commercial Guide
Learn about the market conditions, opportunities, regulations, and business conditions in mauritius, prepared by at U.S. Embassies worldwide by Commerce Department, State Department and other U.S. agencies’ professionals
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Trade Financing
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Methods of Payment

Mauritius has a well-developed financial system.  Payments for import transactions are generally made through letters of credit, depending on the exporter’s payment experience with the buyer.  The terms of payment as well as the currency of payment should be clearly specified.  An open account can be a convenient method of payment if the buyer is well established and has a favorable payment record.  For new customers, it is advisable to do a credit check through the U.S. Department of Commerce’s International Company Profile service.  To apply for this service, interested U.S. firms should contact their nearest Export Assistance Center.

For more information about the methods of payment or other trade finance options, please read the Trade Finance Guide.

To access Mauritius’ ICS section on financing, visit the U.S. Department of State Investment Climate Statement website.

Banking Systems

Banks in Mauritius provide a wide range of services.  Besides traditional banking facilities, they also offer card-based payment services, such as credit and debit cards, internet banking and phone banking facilities.  Banks also offer specialized services such as fund administration, custodial services, trusteeship, structured lending, structured trade finance, international portfolio management, investment banking, private client activities, treasury, and specialized finance.  The international banks offer a wide range of global banking and financial services to corporate, institutional, and private clients.

A list of banks operating in Mauritius, including their profiles and the latest edition of the Code of Ethics and Banking Practice, is available at the website of the Mauritius Bankers Association.

Foreign Exchange Controls

There are no foreign exchange controls in Mauritius.

US Banks & Local Correspondent Banks

There are no U.S. banks in Mauritius, although several of the leading banks have a large network of correspondent banks based in major cities around the world, including New York.

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Global Business Navigator Chatbot Beta

Welcome to the Global Business Navigator, an artificial intelligence (AI) Chatbot from the International Trade Administration (ITA). This tool, currently in beta version testing, is designed to provide general information on the exporting process and the resources available to assist new and experienced U.S. exporters. The Chatbot, developed using Microsoft’s Azure AI services, is trained on ITA’s export-related content and aims to quickly get users the information they need. The Chatbot is intended to make the benefits of exporting more accessible by understanding non-expert language, idiomatic expressions, and foreign languages.

Limitations

As a beta product, the Chatbot is currently being tested and its responses may occasionally produce inaccurate or incomplete information. The Chatbot is trained to decline out of scope or inappropriate requests. The Chatbot’s knowledge is limited to the public information on the Export Solutions web pages of Trade.gov, which covers a wide range of topics on exporting. While it cannot provide responses specific to a company’s product or a specific foreign market, its reference pages will guide you to other relevant government resources and market research. Always double-check the Chatbot’s responses using the provided references or by visiting the Export Solutions web pages on Trade.gov. Do not use its responses as legal or professional advice. Inaccurate advice from the Chatbot would not be a defense to violating any export rules or regulations.

Privacy

The Chatbot does not collect information about users and does not use the contents of users’ chat history to learn new information. All feedback is anonymous. Please do not enter personally identifiable information (PII), sensitive, or proprietary information into the Chatbot. Your conversations will not be connected to other interactions or accounts with ITA. Conversations with the Chatbot may be reviewed to help ITA improve the tool and address harmful, illegal, or otherwise inappropriate questions.

Translation

The Chatbot supports a wide range of languages. Because the Chatbot is trained in English and responses are translated, you should verify the translation. For example, the Chatbot may have difficulty with acronyms, abbreviations, and nuances in a language other than English.

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