Foreign Acquisition

WHY MAURITIUS ?

• Cost-effective business platform with educated, bilingual (English/French) professionals.
• Impressive track record of political stability with more than three decades of sustained economic growth
• Sophisticated infrastructure, well developed financial services
• No withholding tax on dividends, capital gains and interest
• Modern and investor friendly legal and regulatory frameworks
• Well-regulated banking sector, including presence of international banks
• No exchange control on repatriation of funds and profit
• Mauritius has a network of double taxation avoidance agreements with more than 43 countries so far and is a party to a series of treaties under negotiation
• Signed Investment Promotion and Protection Agreements (IPPAS) with a large number of jurisdictions
• Secure investment location with established rule of law
• Recognised International Arbitration Centre
• A complete eco-system with the presence of international operators
• Welcomes foreign investors and talents
• Convenient time zone (GMT +4)

The Fiscal advantages include:

Here are some of the tax advantages in Mauritius for residents and foreign investors:

• double taxation agreements with more than 40 countries
• income tax rate at a flat 15 percent
• no taxes on dividends, capital gains, inheritance
• nonrestricted repatriation of profits/dividends from companies outside Mauritius
• full tax exemption for select imports/exports
• exemption from customs duties on all merchandise imported through the free port.

How can a non-citizen buy property in Mauritius ?

To be eligible to purchase Mauritius real estate, a foreigner must obtain prior approval from the country’s Economic Development Board (EDB). Noncitizens need the following documents to apply to buy property in Mauritius:

• a notarized copy of the first five pages of the applicant’s passport
• a letter from a Mauritian notary or local bank certifying the validation of the “Know Your Client”  protocol
• a completed application form for the resident permit
• a notarized copy of the applicant’s birth certificate
• an extract from the applicant’s police clearance/record six months before the application
• a non-refundable processing fee of MUR10,000