Mauritania offers a favourable working environment, fair fiscal terms and a developed, stable resource sector.
Annual Growth: 2.2%
Major Industries: fish processing; oil production; mining (iron ore, gold and copper)
Major Trading Partners: China, Switzerland, France, Spain
Taxation of Oil Production: 27% corporation tax
Cost/profit oil spilt based on “R” Factor
Existing Presence: Dana Petroleum, Kosmos Energy, Tullow Oil, Petronas, Total and Repsol
Mauritania restored democracy in 2009 when Mohamed Ould Abdelaziz was elected President. This was viewed as a return to constitutional order by the EU and has been maintained to date. President Abdelaziz was elected for a second term in June 2014.
The current government has placed a priority on actively seeking foreign investment. It is currently in collaboration with the World Bank and the Investment Authority in the Ministry of Economy and Development to create a new Code of Investment, which aims to encourage direct investment, facilitate administrative procedures and enhance investment security.
Mauritania – World Factbook – CIA, 04.01.2016