|Area||2 040 km2 (788 sq. miles)|
|Population||1.3 million (approx.)|
|Currency||Mauritian rupee (= 100 cents)|
|Main languages||English, French, Kreol morisien|
|Other spoken languages||Hindi, Urdu, Mandarin, Tamil, Telugu, Marathi, Gujarati, Bhojpuri|
|Time zone||GMT + 4 hours|
The Financial Services Commission (FSC) was established as the regulator for the non-bank financial services sector under the Financial Services Development Act 2001. More...
So far Mauritius has concluded 35 tax treaties and is party to a series of treaties under negotiation. Most of the treaties in force have been in existence as from the period when Mauritius launched its global business sector in 1992. More...
The enabling legislation that governs the Global Business sector are the Companies Act 2001, Financial Services Act 2007, Trusts Act 2001, Securities Act 2005, as well as FSC Rules, Codes and Circulars. More...
Mauritius is now recognized as a leading international financial centre for global fund structuring and administration, for investment particularly in Indian, Asian, Middle East and African countries. More...
GWMS is staffed with a skilled and experienced corporate team who can handle any company law or regulatory framework queries and your statutory obligations. More...
Mauritius offers world class real estate residential properties that may be acquired by international investors. These include golf estates, inland or residential properties having a marina concept. More...
A series of articles written by the Managing Director of GWMS. More...
Download the latest updates related to Global Business, provided by GWMS. More...
Downloadable infopacks prepared for international investors and businesses who are seeking a cost and tax efficient jurisdiction for the structuring of their international business activities. More...
View/download the GWMS profile.
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Mauritius offers world class real estate residential properties that may be acquired by international investors. These include golf estates, inland or residential properties having a marina concept. The high end properties have attractive rental income potential which may be fully repatriated. The hospitality sector also offers investment opportunities.
Foreigners are only allowed, by law, to acquire real estate in Mauritius under four schemes:
The acquisition of a residence under IRS automatically qualifies the acquirer to apply for a permanent residence permit (PRP) for him/her & family under the Immigration Act of Mauritius provided the fixed duty of USD 70,000 is paid to the Registrar General.
The acquisition of a residence under RES makes the acquirer eligible to apply for a permanent residence permit (PRP) for him/her & family under the Immigration Act of Mauritius provided the value of the property exceeds USD 500,000 and a fixed duty of USD 25,000 is paid to the Registrar General. Acquirers of a residence under the RES are eligible to apply for residency under any of the 4 existing conditions: as an investor, as a professional, as a self-employed, or as a retired non-citizen. Varying conditions apply to each category.
A PRP is a permit that allows an eligible non-citizen to work and/or live in Mauritius for a period of 10 years. It is renewable.
An OP allows a non-national to work in Mauritius. It is both a work and a residence permit. The average processing time for the issue of the OP is 10 days. The OP is issued under the silent approval concept, i.e., if the applicant does not hear from the authorities past the date inscribed on the application receipt handed over to the applicant, approval should be assumed.
Since 21st December 2012, a professional who has a monthly salary of more than US$ 3,000 or a foreigner who invests more than US $ 100,000 will now be able to purchase an apartment in a building with at least two floors above ground for their personal residence upon receipt of their "occupational permit".
Since 21st December 2012, a foreigner who invests over US$ 500,000 in one of the "qualified activities" will also be eligible for a PRP. Such investor will then be allowed to purchase an apartment in a building with at least two floors above ground for his/her personal residence.
Invest-Hotel is a scheme designed to enable property developers to sell hotel rooms, villas, suites or any other part of a hotel to individual buyers. It offers individual buyers all the facilities of an exquisitely-furnished new luxury resort hotel with amenities like F&B, full-service spas, health and fitness centres, resort-style pools, sophisticated business centres and maid service and the promise of rental income.
On acquisition, the buyer of a unit secures ownership title to a specific unit or part of the hotel.
GWMS has the expertise to assist you as follows: