Benefits of Making Business in Mayotte | Buy & Sell Business

1. BENEFITS OF MAKING BUSINESS IN MAYOTTE WWW.MERGERSCORP.COM

2. At MergersCorp M&A International we help our clients confidentially buy and sell privately held businesses, aligning the interests of all parties for mutual success and satisfaction. It is our goal to make the process of either buying a new business or selling your current business as smooth and efficient as possible. We know how important confidentiality is to our sellers and we treat it with the utmost importance. WWW.MERGERSCORP.COM

3. BENEFITS OF MAKING BUSINESS IN MAYOTTE WWW.MERGERSCORP.COM

4. Country Overview Mayotte is an archipelago in the Indian Ocean between Madagascar and the coast of Mozambique. It’s a department and region of France, though traditional Mayotte culture is most closely related to that of the neighboring Comoros islands. The Mayotte archipelago is surrounded by a coral barrier reef, which shelters a lagoon and marine reserve that are popular diving destinations. The island of Mayotte is French, more specifically located in the western Indian Ocean between Africa and Madagascar, the north entrance of the Mozambique Channel. It is distant by 8 000 km from the metropolis and 1 500 km of the island of Reunion.

5. Executive Summary Mayotte was ceded to France along with the other islands of the Comoros group in 1843. It was the only island in the archipelago that voted in 1974 to retain its link with France and forego independence. Economic activity is based primarily on the agricultural sector, including fishing and livestock raising. Mayotte is not self sufficient and must import a large portion of its food requirements, mainly from France. The economy and future development of the island are heavily dependent on French financial assistance, an important supplement to GDP. Mayotte's remote location is an obstacle to the development of tourism.

6. Introduction – Doing business in Mayotte Mayotte’s economic fabric mainly comprises very small units (90% of active companies have less than 5 employees). There are about 500 ―large corporations‖ (i.e. with an annual turnover in excess of EUR 150,000). The trade, transport and personal services sectors account for 58% of the added value of large corporations. The construction industry has been one of the engines of Mayotte’s economy over the past ten years, with activity driven both by public procurement (significant needs for infrastructure) and private demand (population growth and increase in incomes). In 2007, the sector employed 10% of registered employees and accounted for about 16% of the added value of large companies in 2005.

7. Conducting business in Mayotte The service sector—including health services, telecommunications, computer services, and other activities—is Mayotte’s principal source of employment. Agriculture is confined to the central and northeastern plains; cash crops include vanilla, ylang-ylang, coffee, and coconuts. Cassava (manioc), bananas, corn (maize), and rice are grown for subsistence. .

8. Taxation in Mayotte Below is the Duty and Sales tax for Mayotte : Duty Rates : 0% - 17% Average Duty Rate : 10% Sales Tax (GST) : 0% - 17% Threshold on goods : only Custom Duty is payable if the product value or FOB value (excluding shipping and insurance) cost won’t exceed 150

9. Trade The island’s main exports are ylang-ylang extract and farmed fish. Food products, machinery, chemicals, and transport equipment are the major imports. Mayotte’s major trading partner is metropolitan France, and the economy in large part depends on French aid. A road system links the principal towns on Mayotte island, and an international airport is located in Dzaoudzi.

10. Banking in Mayotte Banque Française Commerciale Océan Indien-BFCOI MAYOTTE Branch Location Library is already full of BIC codes. With the help of such BIC codes, a person will be able to monitor the flow of money transfer, credit fund and direct debit transfers in the area of YT through Bank Wire Transfer without spending a lot of efforts. These branch locations are free and accessible for all the individuals in the stated country who are interested to keep their money protected and secured in all of the financial transactions of licensed banking institution. Such codes are composed of eight to eleven string characters which can help people to determine the name of the country and bank where a certain amount of money came from. With the help of these codes for money transfer and other financial transactions in a banking institution, a person will be able to determine if a certain amount of money was sent to its real receiver or not to prevent mistakes and issues in the bank wire transfer

11. Our M&A Process NEGOTIATION & CLOSE POST MERGER INTEGRATION (PMI) INTEGRATION (PMI) POST MERGER TARGET APPRAISAL APPROACH DUE DILIGENCE Key Areas  Target & market analysis;  Initial assessment of synergies & value drivers;  Indicative valuation;  Go or No-Go decision;  Preparation of transaction documents (NDA – Non- disclosure Agreement/LOI- Letter of Intent);  Select Transaction team;  Appoint advisors;  Consider funding ability.  Initial approach letter;  Signing of NDA;  Prepare & share initial information requests;  Formulation of LOI (Letter of Intent) & possible negotiations;  Initial meeting and Q&A;  Circulate information on the Target to the Transaction team.  Set scope of due diligence;  Set up VDR (virtual data room);  Coordinating of due diligence, further meetings and Q&A sessions;  Consider points relevant to the Post-Merger (PMI) phase;  Revisit indicative valuation & prepare detailed valuation based on due diligence findings;  SPA negotiations with the seller;  Development of final structure (share/asset deal) and final valuation;  Approvals;  Signing of SPA & Close.  Consider the extent of integration;  Development of 100 Day PMI Plan;  Consider short & long term objectives;  Estimate requirements to capture synergies;  Determine resource needs & optimal allocation. Parties Involved  CFO;  Head of M&A;  Accountants;  Corporate finance advisors;  Consultants.  Senior management;  CEO, CFO, CTO;  Strategy director;  Head of M&A;  Head of Business Development;  Consultants.  Company general counsel;  Lawyers;  Senior management.  Company general counsel;  Lawyers;  Senior management/HR. 11 © Midaxo 2018 www.midaxo.com

12. Looking to Buy or Sell a Business? CONTACT US NOW FOR A FREE BUSINESS VALUATION WWW.MERGERSCORP.COM

13. MergersCorp.com The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. Member firms of the MergersCorp network of independent firms are affiliated with MergersCorp International. MergersCorp International provides no client services. No member firm has any authority to obligate or bind MergersCorp International or any other member firm vis-à-vis third parties, nor does MergersCorp International have any such authority to obligate or bind any member firm. Copyright © 2020 MergersCorp International. All rights reserved. 13 © Midaxo 2018 www.midaxo.com