It has been the dream of many professionals to achieve the ideal work conditions of a peaceful location, enchanting locales, growing economy, access to state of the art infrastructure, great connectivity and political stability which provides the freedom and access to the foregoing. The Republic of Mauritius has had a democratic system of government since 1968. The people of Mauritius are multi-ethnic and multicultural. Most Mauritians are multilingual and communicate in Mauritian Creole, English, French, and other Asian languages. The island is highly ranked for democracy and for economic and political freedom. Mauritius is a stable political nation and is a time tested offshore financial jurisdiction.
As a management company we can provide end to end consulting and delivery services for expats from across the globe. From the pre incorporation structuring advice to application and the final permit, we provide these services hassle free.
OCCUPATIONAL PERMIT WITH A DOMESTIC COMPANY
An Occupation or Residence Permit is issued on the basis Section 9A of the Immigration Act. The Occupation Permit (OP), which is a combined work and residence permit, allows non-nationals to reside and work in Mauritius. A non-citizen can apply for an OP under any of the following categories:
3) Self Employed
Once you have your Occupation Permit, you can apply for residence of spouse and dependents.
OCCUPATIONAL PERMIT WITH A GLOBAL BUSINESS COMPANY
You can also opt to have a category one global business company (“GBL 1”) if the business activities to be undertaken are predominantly outside of Mauritius. GBL1 companies are subject to a 3% effective corporate tax. On the basis of the GBL 1, you can apply for an Occupation Permit as detailed under Scenario 1 either in your capacity as Investor as well as seek an Occupation Permit for your Employees.
ACQUISITION OF PROPERTY
The Integrated Resort Scheme (IRS) is a programme designed to facilitate the acquisition of residential property by non-citizens in Mauritius. The IRS is basically a project for the development and sale of luxurious residential units to foreigners.
Through the IRS, international buyers can become Mauritian residents once they acquire a luxury property on the island. The villa owner and his family are able to reside in Mauritius as long as he holds the property. The IRS are often accompanied by extensive and high-class leisure and recreational facilities such as golf courses, marinas or wellness centers.
The Real Estate Scheme (RES)
The RES is an extension of the IRS. Under the RES, small landowners are allowed to develop and sell any mix of residences (villas, apartments, penthouses) to non-citizens. The development must include commercial facilities and leisure amenities as well as day to day management services such as security, maintenance, gardening and other household services.
There is no minimum amount of investment in the acquisition of a residential property under the RES. However, a non-citizen may apply for a residence permit only if the value of acquisition of a unit exceeds US$500,000. The residence permit is valid as long as the acquirer owns the property.