Live & Work in Mauritius – A comprehensive guide
Mauritius is a jurisdiction where the business environment, the quality of life, and the possibility of acquiring citizenship are only a few of the advantages. Non-citizens of Mauritius can invest in immovable properties, create a business, invest in an existing business, or incorporate a company or a branch/subsidiary of a foreign company or work in Mauritius. It is possible to obtain a residence permit or a work permit if relevant requirements are met. As you may not be fully conversant with the Mauritian legal framework and its potential changes, the assistance of a professional consultant will significantly increase the chances to obtain the relevant permits and to enjoy a successful relocation experience. Furthermore, Rogers Capital will interact efficiently with the relevant government bodies to deal with procedures on your behalf.
If relocation to Mauritius is on your agenda, keep reading to discover all the options at
your disposal and how Rogers Capital can help in the fulfillment of your life project.
Acquisition of an immovable property in Mauritius
Some types of immovable properties in Mauritius can be acquired by a non-citizen. The definition of the latter includes:
(a) a person who is not a citizen of Mauritius; (b) an association or body of persons, whether corporate or incorporate, such as a Company, a Société, a Foundation or a Limited Partnership, where it is not domiciled in Mauritius or one of its shareholders is not a citizen of Mauritius; (c) a trust in so far as it is involved in any transaction referred to in section 22 of the Trusts Act.
For investment purposes only
Investments by non-citizens with no minimum investment amount
Investments by non-citizens subject to a minimum investment threshold
Set-up a business or invest in an existing business in Mauritius (for investment purposes only)
• Any foreign nationals can own a business in Mauritius.
• However, holders of an occupation permit as professional and holders of a Retired non-citizen Residence Permit may invest in any business if they are not employed in the business if they do not manage the business or derive any salary or employment benefits from the business.
• You may wish to create a company in Mauritius which purpose may be whether to operate outside of Mauritius or to operate on the local market.
• A Global Business Company or an Authorised Company shall be used by non-citizen shareholders when the business is conducted principally outside of Mauritius.
• Various legal forms can shape your business: Limited partnership, Société, Company limited by shares, company limited by guarantee, trust, foundation, etc.
Live in Mauritius
In the case you wish to live in Mauritius with no specific investment or professional project, 3 routes are possible:
Premium Travel Visa
Holding a Retired Non-Citizen Permit
Holding a Resident Permit as a Dependent
Holding a Resident Permit as a Dependent
Work and live in Mauritius
Should you wish to work and settle down in Mauritius, various professional and investment projects are available to obtain an Occupation Permit.
Settle my wealth planning in Mauritius
Through the use of a trust or a foundation, it is often possible for family assets to be preserved over succeeding generations substantially free from taxation, probate requirements, succession laws, expropriation, and foreign exchange controls.
Trusts have traditionally been used in by individual living in Common Law jurisdictions for Private Wealth Management compared to foundations which are preferred in Civils Laws jurisdictions.
There is no requirement in Mauritius to register trusts, thereby maintaining confidentiality. On the other hand, foundation has to be registered with the Registrar of Company.
Investors are increasingly confident to hold their international assets through Offshore Trusts set up in Mauritius. The last decade has witnessed a large number of Trusts being migrated from other traditional financial centres to Mauritius as well as new ones being set up. The reasons behind this surge in Mauritius Trusts include the high comfort level with the jurisdiction thanks to the robustness of the Mauritius financial centre and the range of skills available at competitive costs in the country.
The prime motivation for setting up a Trust and foundation remains Asset Protection. They also avoid the force heirship rules. Tax planning remains a key aspect of Trust as does Estate Planning. Continuity of ownership is also secured.
Inflation and its discontents
It is here… And as Chicago School economist Milton Friedman used to qualify it: “Inflation is taxation without legislation”.
Mauritius Officially Out of the EU Blacklist
On the 7th of January 2022, the European Commission removed Mauritius from its list of high-risk third countries by acknowledging that it no longer presents strategic deficiencies on the basis of the criteria laid down in Directive (EU) 2015/849.
The FATF Whitelists Mauritius!
The FATF has taken the decision, at its Plenary session held this week, to remove Mauritius from the list of “Jurisdictions Under Increased Monitoring”, commonly referred to as the Grey List. The FATF has recognised Mauritius’s efforts over the past 18 months as well as its continued commitment to strengthening the effectiveness of its anti-money […]
The Future Of Investment And wealth management after the global economic turbulence
With more and more HNWIs turning to wealth and investment managers – even as a digital approach to wealth and investment management sees it transform into an increasingly borderless process – it is clear that the new normal is opening up a fresh avenue of possibilities for wealth management hubs such as Mauritius The seminal […]