When Mauritius opened its doors for Offshore Sector in 1990, Bank of Baroda was among the first few to start its Offshore Banking Unit. Mauritius is rapidly growing as an international financial center, operating in an environment of political and economic stability.
The country has signed Double Taxation Avoidance agreements with many countries and the investors from all over the world are taking advantages of these treaties by establishing themselves in Mauritius and operating through Offshore Banks.
Mauritius has excellent communication facilities and the strategic time zone, facilitates business transactions with East and West alike. There are no exchange controls in Mauritius and there is no withholding tax.
At the Offshore Banking Unit, we offer efficient services. The OBU is handling business in all major foreign currencies.