Mauritius Occupation Permit Guide for Entrepreneurs

If you’re a foreign entrepreneur looking to establish or expand your business in Mauritius, you’ll be pleased to know that the country offers a streamlined process for obtaining a 10-year Occupation Permit. This permit simplifies the process of conducting business in Mauritius, allowing you to focus on managing your venture rather than starting one from scratch. Here’s what you need to know about acquiring an Occupation Permit in Mauritius:

Eligibility Criteria

To qualify for a 10-year Occupation Permit, your business must meet certain financial requirements:

  • Your business must possess net assets worth a minimum of USD 50,000.
  • It must have earned a three-year total turnover of at least MUR 12 million.

Application Process

The application process begins online through a dedicated e-licensing platform. This initial registration is for security purposes and sets the stage for your application.

Permit Fees

There is an application fee of USD 1,000 for the Occupation Permit. Additionally, approved applicants are required to pay the official permit fees to the Mauritius government.

Renewal

You can renew your Occupation Permit if your business maintains a yearly turnover of at least MUR 4 million, starting from the third year of operation.

Ideal Sectors

Mauritius encourages foreign entrepreneurs in various sectors, including:

  • Agro-industry
  • Aquaculture
  • Healthcare
  • ICT-BPO
  • FinTech
  • Life sciences
  • Biotech
  • Manufacturing
  • Ocean economy
  • Renewable energy

Exemption for IRS/RES/PDS Permit Holders

If you hold an IRS (Integrated Resort Scheme), RES (Real Estate Scheme), or PDS (Property Development Scheme) permit, you won’t need an Occupation or Work permit to conduct business in Mauritius. This exemption can streamline your business operations.

Property Ownership

Foreign individuals also have the right to buy residential properties in Mauritius under various schemes, including IRS, RES, PDS, SCS, or in multi-story apartment buildings.

Family Permits

Mauritius encourages family togetherness by offering family permits for spouses, parents, and non-working, unmarried children.

Permanent Residence

After residing in Mauritius for at least three years and meeting certain financial thresholds, you can apply for a 20-year Permanent Residence Permit. This offers long-term stability for you and your family in Mauritius.

Annual Reporting

Mauritian businesses, including foreign-owned ones, must submit yearly returns to both the Mauritius Revenue Authority and the Corporate and Business Registration Department. Compliance with these reporting requirements is essential.

In conclusion

Mauritius offers a favorable environment for foreign entrepreneurs to establish or expand their businesses. The 10-year Occupation Permit simplifies the process, and there are opportunities to grow your business in various sectors. Keep in mind the financial requirements, renewal criteria, and the option for permanent residence. Ensure that you comply with all reporting obligations to maintain a smooth business journey in this beautiful island nation.

Bookmark and Share!

LinkedInWhatsAppRedditEmailFacebookShare

Your Click Counts!

Impact Our Work: Vote!

Steven Author of gostartbusiness

About the Author

Leave a Comment

Work, Invest and Retire in Mauritius

EVERYTHING YOU NEED TO KNOW TO MOVE TO MAURITIUS


BACK UP