Investor’s Permit

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Description

An Investor’s Permit is granted to all foreign nationals who wish to start a business or invest in Mauritius. As an association or body of person, wether corporate or incorporate, the control or management of which is vested in persons who are non citizen.

But does not include a small entreprise or handicraft entreprise registered under the repealed small entreprises and handicraft development authority act.

Once your application is approved, you will be granted an Occupation Permit, which allows you to work and reside in Mauritius.

Companies in which investment will be made must be registered and incorporated under the laws of Mauritius.

Additional Information
As an investor, you have several options when structuring your investment in Mauritius, mainly depending on the type of activity you wish to carry out and the geographical area of operation. These include :

GBC
A Global Business Company (GBC) allows you to be a tax resident in Mauritius. You are permitted to conduct businesses with entities both outside and within Mauritius.

Your benefits:

  • Access to Mauritius’ extensive network of Double Taxation Avoidance Agreements
  • No capital gains tax
  • No withholding taxes on royalties and dividends
  • No estate duty or inheritance tax
  • 3% of taxes on certain types of revenues

Authorised Company
An Authorised Company is often used as an investment company for High Net Worth Individuals. You operate as a non-resident, and therefore do not pay taxes and cannot access Mauritius’ tax treaty network. The type of company is required to be controlled and managed outside of Mauritius. It is required to conduct the main part of its business outside of Mauritius.

Your benefits:

  • No taxes paid in Mauritius on foreign revenues
  • No minimum capital requirement
  • Strict confidentiality
  • No withholding tax on dividends, interest and royalties
  • No local auditing filing obligations
  • No local director/shareholder required

Domestic Company
A Domestic Company is a ‘small private company’ incorporated under the laws of Mauritius and whose turnover is less than €1.25 million. It permits you to be a tax resident in Mauritius, allowing you to conduct business with local, non-local residents of Mauritius.

Your benefits:

  • Access to Mauritius’ extensive network of Double Taxation Avoidance Agreements
  • No minimum stated capital requirement

Trust
A trust is set up as part of a long-term wealth management strategy, helping preserve wealth across generations.

Your benefits:

  • No registration required for the deed of trust
  • May hold a GBC license
  • Access to Mauritius’ extensive network of Double Taxation Avoidance Agreements
  • Administered by a qualified trustee
  • Asset protection

Conditions

To be eligible for an Investor’s Permit, you must meet the following requirements

  • To be eligible for an Investor’s Permit, you must be the Shareholder of a company incorporated in Mauritius.
  • The applicant is responsible for ensuring that he obtains all relevant permits and licenses with the local authorities.
  • Applicants cannot be suffering from a communicable disease that presents a threat to the general public.
  • Applicants will be asked to arrive in Mauritius on a Business Visa valid for 90 days.

You must also meet one of the following requirements:

  • Capital Investment
     An initial transfer of €42630 ($ 50,000) or its equivalent in freely convertible currency in the bank account of the company under which the application will be made.
    For renewal of an OP Investor, the company should generate a minimum gross income of €85,000 ($100,000) per year as from the third year of registration. 
  • Net Asset Value
    Net asset value of at least €43,000 ($50,000) for existing businesses and businesses inherited and a cumulative turnover of at least €260,000 ($ 300,000) during the 3 years preceding the application.

 

  • High-tech machinery and equipment

An initial investment of €42630 ($50,000) of which:

  1. A minimum transfer of at least €21,000 ($ 25,000) to the bank account of the company under which the application will be.
  2. The equivalent of the remaining value in high technology machines and equipment, subject to such criteria as the Chief Executive Officer may determine, such as: 

The high technology machines and equipment will be evaluated based on the invoice issued by the supplier and a report from a recognized Chartered Valuator in the country of origin :

  1. In case the high technology machines and equipment is yet to be shipped to Mauritius, the investor should submit the bill of lading to the Occupation Permit Unit at time of submission of the application. 
  2. Investment in high technology machines and equipment must be in a qualifying activity including but not limited to agro-industryaquaculturehealthcareICT-BPO, fin-tech, life sciences, biotechnology, manufacturing, ocean economy and renewable energy
  • Research & Development (R&D)
    If you are an investor who seeks to conduct Research & Development (R&D) in innovative sectors, you are eligible to apply for an Innovator Occupation Permit. R&D must constitute at least 20% of your total operational expenditure during the research phase. No minimum investment required and submission of an innovative project to the Economic Development Board (EDB).

* It is mandatory for you to have a valid return ticket.

*All foreign travelers entering Mauritius are required to possess a passport valid for at least 6 months following your departure date from Mauritius. We strongly recommend that you have unused visa pages, allowing for necessary stamps upon arrival and departure. We also urge you to check if you require a separate transit visa for any connections on your way to Mauritius.

Fees

Applicants can opt to have their applications analysed by an immigration expert at an additional fee, which will depend on your investment type.

The fees include the following:

  • Consultation and guidance fees. Based on your project, our experts will determine the best structure formation for your investment.

There are mandatory government-imposed fees for the issuance of the permit:

  • For a period of up to 3 years: €500 ($535)
  • Permit renewal: €125 ($135)

Local authorities may apply additional mandatory fees, which will vary based on the license required by the Business you will be investing in. Please note that additional fees will also be required, such as Operating License, Trademark registration, Data Protection, etc.