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Things to Know About the Business for Takeover Mayotte
Mayotte is an overseas department of France. This means the territory is outside of the central metropolitan part of France in Europe but still is governed by the French government. Additionally, the island enjoys some autonomy; the authorities can impose different rules if deemed appropriate. Also, we calculate statistics such as the unemployment rate and GDP separately.
Mayotte is an island in the Indian ocean. It is precisely located in the northern Mozambique Channel off the coast of South-east Africa. The closest countries are Madagascar and Mozambique. The archipelago has a total land area of 374 square kilometers and home to about 270,372 people. Additionally, the GDP and the Per Capita income of the region are USD 3.3 billion and USD 12,820, respectively.
Tourism and agriculture are the main economic drivers of Mayotte. Anyway, the situation of agriculture in the place is somehow unsecured, and exports have been decreasing. As you can see, Mayotte officially became an overseas department of France in 2011 and a member of the offshore region of the EU only in 2014. Due to this, the France government hasn’t already had a lot of time for development activities. Thus, even if the territory doesn’t already have the best infrastructure, we can expect things to change.
If you are thinking of doing business in Mayotte, you need to accept that there are some shortcomings for the time being. However, as now the French government will be looking after the place, you have strong support.
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