9,600 kms from Paris and 175 kms southwest of Mauritius is the French department of Reunion. A UNESCO World Heritage Site, the island enjoys a warm climate and is blessed with extraordinary biological diversity – there is great potential for ecotourism. Being so far from the mainland means that the island is heavily reliant on imports (to the tune of around €5 billion annually). The island’s remote location makes it an ideal location for satellite receiving stations. Sugar, and related products, such as rum, were traditionally Reunion’s chief exports, alongside fish. Other important exports include vanilla and essential oils. Tourism is becoming an increasingly important sector of the economy.
Unemployment is a longstanding issue on the island, and this has led the French government introducing an Emergency Plan. The plan involves extensive investment in agribusiness, with a focus on modernising production. The plan also entails Reunion working more closely with neighbouring countries – most notably Mauritius. The plan has so far proven successful, and the situation; particularly with regard to unemployment; is improving
At the crossroads of European, African and Asian cultures, Reunion is a true melting pot which offers business opportunities to investors looking for a politically stable territory that is legally and financially secure. Our local HLB firm offers professional services to local and international clients looking to achieve their organisational goals in on the island.
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