Mauritius as an IFC
“Building on its strong financial services sector, and its role for cross-border investments in emerging economies, Mauritius has forged a strong reputation as an International Financial Centre (IFC) of choice.” – Economic Development Board
According to a number of surveys and metrics, Mauritius is among the most business-friendly countries in Africa. The 2020 Index of Economic Freedom, published by the Heritage Foundation, ranks Mauritius first in the Sub-Saharan Africa region among 43 countries and 21st globally. The World Bank’s 2020 Doing Business report ranked Mauritius first among African economies, and 13th worldwide, in terms of overall ease of doing business.
Mauritius is uniquely placed as the only investment grade international financial centre “IFC” in sub Saharan Africa to drive trade and investment in mainland Africa, and to develop solutions in a partnership for shared economic growth with mainland Africa. By leveraging its experience and key differentiating capabilities, and through its agreements with India, in the case of the Comprehensive Economic Cooperation and Partnership Agreement (CECPA), and China, with the FTA (Free Trade Agreement), but also the Africa Continental Free Trade Area (AfCFTA), Mauritius has a fundamental role to play in facilitating trade and investment between Asia and Africa, and within Africa.
Mauritius, through its agreements with India, in the case of the Comprehensive Economic Cooperation and Partnership Agreement (CECPA), and China, with the FTA (Free Trade Agreement), but also the Africa Continental Free Trade Area (AfCFTA) has a fundamental role to play in facilitating trade and investment between Asia and Africa, and within Africa. These avenues of collaboration and growth can help both Mauritius and mainland Africa navigate the aftermath of this pandemic resiliently.
- Application for permits
- Ancillary administrative assistance
- Travel services
- Advice on various schemes in force in Mauritius
- Residential property services
- Compliance services
- Intellectual Property
- Office support functions
WORK AND LIVE PERMITS
With its rich history and a mix of various cultural traditions, Mauritius is a privileged country to live. An attractive and thriving place for business with an incomparable “art de vivre”, Mauritius is home to the citizen of the world.
The Occupation Permit (OP), which is a combined work and residence permit, allows non-nationals to reside and work in Mauritius under one of the following categories : Investor, Professional, or Self-Employed.
The business activity should generate a turnover exceeding MUR 2 million (US$50,000) annually with an initial investment of USD 50,000 per investor or its equivalent in freely convertible currency.
The investor must have a net asset value of at least USD 50,000 or its equivalent in freely convertible foreign currency, for existing businesses and businesses inherited or acquired and a cumulative turnover of at least 12 million rupees during the 3 years preceding the application.
The business activity should generate a turnover exceeding MUR 2 million (US$50,000) annually with an initial investment of USD 50,000 per investor or its equivalent in freely convertible currency.
The investor must have a net asset value of at least USD 50,000 or its equivalent in freely convertible foreign currency, for existing businesses and businesses inherited or acquired and a cumulative turnover of at least 12 million rupees during the 3 years preceding the application.
A self-employed person should operate a one-person business activity, working exclusively for his account, with an initial investment of USD 35,000 or its equivalent in freely convertible foreign currency. The annual income generated by business activity shall generate a minimum of MUR 800,000 as from the third year of registration, for renewal of permit.
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