Mauritius is one of the most stable and prosperous countries in Africa, with a steadily growing economy and a favorable investment environment. If you are looking to invest in Mauritius, here is some useful information to bear in mind.
If you’re an investor looking to invest in an attractive, tax-efficient destination, Mauritius could be a wise choice. This small island in the Indian Ocean has become one of the most popular destinations for foreign investors. This is thanks to its economic stability, favourable business climate and encouraging investment policies. In this article, we will give you all the essential information you need to know before investing in Mauritius. We’ll look at the most buoyant sectors, tax benefits, investment regulations and advice on how to make your investment project a success.
Mauritius
Mauritius offers many advantages to foreign investors in several key sectors. Key investment sectors include real estate, tourism, finance, ICT, agriculture and fisheries. In addition, the Mauritian government encourages companies to invest in environmentally friendly projects. It does this by offering tax incentives and facilities.
Foreign investors can invest in Mauritius via the Econonomic Development Board (EDB). Other institutions also provide facilitation and assistance services. The island offers a tax regime for investors, with tax exemptions on dividends, interest, capital gains on the sale of shares and withholding tax on interest.
Mauritius also has a highly skilled and multilingual workforce, with a high literacy rate. The country offers a modern infrastructure. It should be noted that foreign investors must comply with the laws and regulations in force in Mauritius. This includes laws on foreign investment and land ownership. It is therefore important to consult a lawyer or tax adviser before investing in Mauritius. Mauritius offers a favorable environment for foreign investors. However, it is important to understand the laws and regulations in force before investing in the country.
Tax advantages in Mauritius: invest in an attractive tax environment
If you are considering investing in Mauritius, you should know that the country offers several attractive tax advantages for foreign investors.
These include:
- Tax exemptions on dividends
- Capital gains
- Interest
- Advantageous tax treatment for property investments.
Dividends distributed by a Mauritian company to its foreign shareholders are not subject to Mauritian dividend tax. This means that foreign investors can keep all their dividends. Similarly, capital gains realised by foreign investors on the sale of shares in a Mauritian company are not subject to Mauritian capital gains tax.
Foreign investors benefit from favourable tax treatment for property investments in Mauritius. This includes exemptions on capital gains on the sale of property and tax reductions on transfer duties. In addition, interest earned by these investors on foreign currency deposits is exempt from Mauritian interest tax.
However, it is important to comply with Mauritian tax laws and regulations to benefit from these tax advantages. It is therefore strongly recommended that you consult a tax advisor or lawyer for advice on the tax benefits specific to your investment in Mauritius. In addition, it is essential to understand that these tax benefits are subject to certain conditions.
Promoting foreign investment in Mauritius: Security measures in force
Mauritius has introduced a number of measures to secure foreign investment in the country. Here are some of these measures:
- Stable legal framework: Mauritius has a solid and stable legal framework for foreign investment. Investors can benefit from the protection of Mauritian laws and courts.
- Foreign investment protection: Mauritius has signed several bilateral investment treaties and double taxation agreements (DTAs) with other countries. This guarantees the protection of foreign investments and avoids double taxation.
- Guarantees against expropriation: The Mauritian government guarantees the protection of foreign investments against expropriation, nationalisation and confiscation. In the event of expropriation, the Mauritian government guarantees fair compensation.
- Simplification of administrative procedures: The Mauritian government has put in place measures to simplify administrative procedures for foreign investors, notably through the Economic Development Board (EDB).
- Compliance with international standards: Mauritius is a signatory to several international conventions to combat money laundering, terrorist financing and tax evasion. This guarantees a regulatory environment that complies with international standards.
- Independent regulatory agencies: Mauritius has independent regulatory agencies for key sectors such as financial services, tourism and the environment. These agencies are responsible for the supervision and regulation of these sectors.
Mauritius offers a stable legal environment and safeguards for foreign investment, with simplified administrative procedures and compliance with international standards. Independent regulatory agencies ensure compliance in key sectors. To ensure the security of your investment, it is crucial to comply with the laws and regulations in force. It is also advisable to consult a lawyer or tax adviser for advice tailored to your investment situation.
Practical guide: Administrative procedures for investing in Mauritius
The administrative procedures vary depending on the type of business and its legal structure. It is advisable to consult a lawyer or an investment adviser for specific advice.
- Obtain approval from the Economic Development Board (EDB): The EDB is the government agency responsible for foreign investment in Mauritius. Most foreign investments require EDB approval before commencing business activities.
- Registering a company: Investors may choose to set up a company in Mauritius or to form a partnership with a local company. Companies must be registered with the Registrar of Companies.
- Opening a bank account: Investors must open a local bank account for their business and for the transfer of funds.
- Obtaining a work permit: Foreign investors wishing to work in Mauritius must obtain a work permit.
- Obtaining permits and licences: Depending on the type of business, investors may need to obtain specific permits and licences from the Mauritian authorities.
- Registering to pay taxes: Companies must register with the Mauritian tax authorities and pay taxes depending on their type of business and legal structure.
The administrative procedures vary depending on the type of business and its legal structure. It is advisable to consult a lawyer or an investment adviser for specific advice.
Property investment in Mauritius: an attractive option for foreign investors
Investing in property in Mauritius can be a good option for foreigners looking to grow their money. There are several types of property to buy. The property market is developing and can offer good opportunities. Prices depend on the location, size, quality and age of the property.
It is important to follow local rules and regulations when investing in property in Mauritius. Investors must pay registration fees, property transfer fees, annual property taxes and maintenance fees. However, they may benefit from tax advantages, such as tax reductions on rental income and capital gains.
It is advisable to consult a lawyer or investment advisor for advice on property investment in Mauritius. They can help navigate the regulations and find the best properties and neighbourhoods for property investment.
Property developments
Property developments in Mauritius offer a wide variety of choices for investors looking for a property on this island paradise. Whether you’re looking for a luxury beach villa, a flat or a duplex, you’re sure to find the property that meets your expectations.
Many of the developments offer top-of-the-range amenities. These include landscaped gardens, private swimming pools and 24-hour concierge and security services. Some also include benefits such as golf packages and exclusive access to wellness and fitness clubs and centres.
Developments are often strategically located close to beaches, shopping centres, restaurants and amenities. They are also often close to schools and medical centres, making them attractive to families.
Property developments in Mauritius are designed to meet international quality standards. In addition, many developments are eco-responsible, using state-of-the-art technology to minimize their environmental impact.
The Evaco Group
The Evaco Group is a prime example of leadership in property development in Mauritius. Specialising in high-end developments, it offers a luxurious experience and high standards of living. Its properties are tailored to a variety of needs. The Evaco Group offers a wide selection of properties, ranging from modern and elegant villas to luxury flats.
The Evaco Group is also known for its commitment to sustainability and the environment. Its real estate projects are designed to minimise environmental impact and offer long-term sustainability. Properties are built using sustainable, environmentally friendly materials. Green spaces are also landscaped with indigenous plants, reducing the ecological footprint of the projects.
You’ve made the right choice!
Congratulations, you’ve made a wise decision by choosing to settle in Mauritius! This small island in the Indian Ocean offers an idyllic setting for expatriates and foreign investors. With its white sandy beaches, crystal-clear waters and towering mountains, Mauritius is a destination of choice for those seeking a peaceful and relaxing lifestyle.
But it’s not just the natural surroundings that make Mauritius so attractive. The country is also known for its booming economy and favourable business environment. Indeed, Mauritius has become a hub for foreign investment in the Indian Ocean region. Investors can find numerous investment opportunities, including real estate, financial services, agriculture, tourism and much more.
Mauritius offers a welcoming multicultural community and an international culinary variety. You can easily integrate into local life while enjoying the tropical climate and enchanting scenery. Choosing Mauritius means opting for a peaceful place to live and a fast-growing economic and cultural destination. Whether you’re an expatriate or an investor, it’s a wise and profitable choice.