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Mauritius offers favorable investment opportunities, paired with an appealing lifestyle. In light of global economic and social climates, significant incentives related to the investment threshold and permit duration are in place, offering more predictability, comfort, and ease to investors.
Key Details
- Minimum Investment: USD 50,000
- Permit Validity: 10 years, renewable
- Application Fee: USD 1,000 upon approval
- Renewal Requirement: MUR 4 million from the third year onwards
Application and Registration Process
The application process begins online. The National Electronic Licensing System hosts the whole process, from application submission to issue of approval in principle.
To start a business, you need to register with the Corporate and Business Registration Department (CBRD), which offers diverse options in company categories, natures, and types.
Financial Regulations
After receiving approval in principle, you’re eligible to open a Mauritian bank account. The initial transfer of USD 50,000, or its equivalent, should be in the company’s bank account. This transfer is crucial for the Occupation Permit’s issue.
Companies incorporated in Mauritius are obliged to annually file a return of income with the Mauritius Revenue Authority and pay applicable taxes. An annual return must also be submitted to the Corporate and Business Registration Department.
Property Ownership and Immigration
Foreign nationals can purchase residential property developed under various schemes such as the Integrated Resort Scheme (IRS), Real Estate Scheme (RES), Property Development Scheme (PDS) or Smart City Scheme (SCS). Owning property under these schemes waives the need for an Occupation or Work Permit to invest and work in Mauritius.
Mauritius immigration policy encourages family reunification. Dependents of Occupation Permit holders are eligible for a residence permit, letting them reside in Mauritius for the same duration as the main holder.
Permit Renewal and Permanent Residency
You can renew your Occupation Permit at its expiry, provided your company has achieved a gross income of MUR 4 million annually from the third year. After three years of residency, you can apply for a 20-year Permanent Residence Permit, subject to certain financial criteria.
Documentation for Applications
When applying or renewing permits, certain documents need to be uploaded online, such as a birth certificate, detailed business plan, passport biodata page, recent photograph, signed undertaking, and copies of other permits if applicable.
Additional documents are required after the Approval-In-Principle, including business registration card, certificate of incorporation, investment proof, clearances/licenses for regulated activities, marriage or divorce certificates, and a medical certificate.
Remember that all uploaded documents should be presented in their original form during the appointment date. There’s no charge for applying for an Occupation Permit or a Residence Permit on the National E-Licensing System (NELS). The Economic Development Board doesn’t charge processing fees, with statutory permit fees being applicable only to successful applicants.
