MAURITIUS
The Occupation Permit “OP” - valid up to 3
years renewable
Permit options
The Investor permit The numbers:
The Investor – USD100k Investment – GBC/
Domestic Company 3 categories of Occupation permits, namely:
I.
The Investors permit
II.
The professional permit
III.
The self-employed permit The Investor – USD40k Investment – GBC/
Domestic Company USD 100,000
Year 1: Annual turnover ≥ MUR 2 million
(USD 55000)
Cumulative turnover: ≥ MUR 10 million
for subsequent 2 years. (USD280000)
An existing investor with a net asset
value of at least USD 100,000
Cumulative turnover of MUR 12 million
during preceding 3 years (USD330000)
Turnover of ≥ MUR 2 million in any one
year.
Inherited a business in case of death or
incapacity of previous investor provided that
the net asset value of business is ≥ USD 100,000
Cumulative turnover of MUR 12 million
Turnover of ≥ MUR 2 million in any one
year.
Investment can be used as working capital.
High-tech machinery & equipment as part of
investment of USD 100,000
Must transfer ≥ USD 25,000
Remaining balance in terms of high-tech
machinery and equipment.
Research and Development (R&D) in
highly innovative sectors can apply for
an Innovator Occupation Permit.
R&D expense component should
constitute of ≥ 20% of total operational
expenditure during the research phase.
Applicants eligible to apply under this
scheme will be required to make an
initial investment ≥ USD 40,000.
The Residence Permit “RP” – valid up to 3
years renewable
2 categories of Residence permits, namely:
I.
The Retired Non-Citizen
II.
Dependants of an OP
The Permanent Residence Permit “PR” –
valid up to 10 years renewable
The following individuals are eligible for a PR
provided specific conditions are met:
I.
Holder of an OP
II.
Holder of a RP
III.
Through investment in one of the
approved schemes
Under section 9(3) of the Mauritius Citizenship
Act Investors do have the option to be
naturalized as a citizen of Mauritius if:
i) he has invested a sum of no less than
500,000 US dollars in Mauritius; and
(ii) he has resided in Mauritius for a continuous
period, no less than 2 years preceding the date
of his application
The Innovator permit
The Permanent Residence permit
The Investor – USD500k Investment – GBC/
Domestic Company – Property/Qualifying
business activity
aircraft leasing / Leasing and provision of international
fibre capacity / Reinsurance and reinsurance brokering.
Income from export of goods is taxed at 3%
Foreign Tax Credit
Dividend Income, Interest Income and Royalties
received from a contracting state which has a DTAA
with Mauritius are subject to agreed tax rates and
exempt in certain cases. Withholding tax suffered at
source may be applied against the tax liability arising
at year-end thereby reducing the tax rate to zero in
certain cases.
The Domestic Company
Business principally carried out in Mauritius is taxed
at 15%, while income from export of goods is taxed at
3% and has been extended to domestic companies in
the budget speech of 2018.
Dividend Income, Interest Income and Royalties
received from a contracting state which has a DTAA
with Mauritius are subject to agreed tax rates and
exempt in certain cases. Withholding tax suffered at
source may be applied against the tax liability arising
at year end thereby reducing the tax rate to zero in
certain cases. Tax holidays vary between corporations.
Look at the table below for indications for the length
of tax holidays subject to the corporation:
4-year tax holiday:
on income derived by companies from
bunkering of low Sulphur Heavy Fuel Oil
5-year tax holiday for corporations holding the
following licences:
Treasury Management Activities Licence
Global Legal Advisory Services Licence
Investment Banking Licence
Overseas Family Office (Single) Licence
Overseas Family Office (Multiple) Licence
Companies setting up an e-commerce platform
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OFFSHORE GUIDEBOOK 2020
Peer to peer lending operators provided
8-year tax holiday for corporations holding the
following licences:
Global Headquarters Administration Licence
Innovation Box Regime –income derived
from IP assets developed in Mauritius
Companies involved in the development of
a marina
Is Mauritius still a preferred jurisdiction?
Supported by its legislative framework and financial
services infrastructure, Mauritius offers an ideal
platform for investments around the globe, with
a focus on Africa and Asia. Mauritius still holds a
solid reputation of being a jurisdiction of substance
internationally.
SOURCES Vidish jurganuth.SA Seminar 2019,
Sovereign Trust Limited
OFFSHORE GUIDEBOOK 2020
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