INVESTING IN MAURICE ISLAND: LLH, COUNCIL IN INVESTMENT ON MEASUREMENT
Located in the heart of the Indian Ocean, Mauritius is renowned for its paradise setting. In recent years, this country has also been among the top destinations for opening a new business. But, how to do it to succeed business in Mauritius? In this guide, discover all you need to know before you start a company in Mauritius.
Why invest in business in Mauritius?
Contrary to current ideas, Mauritius is by no means « a tax haven ». However, its tax system is very attractive to foreign investors. Whether it is income tax or value added tax (VAT), the Mauritian tax rate is 15%, much lower than the rate applied in France or in a few EU countries. For enterprises located in Mauritius, the State deducted mainly from taxes on profits. Depending on the status of companies, the tax rate may vary between 3% and 15%. Unlike European countries, property taxes and property taxes do not exist in Mauritius. If you want to buy real estate there, it is important to specify that the property transfer tax is only 5%.
In addition to the tax advantages, Mauritius also offers favourable economic conditions for Foreign investment. At the political level, democracy, good governance and the separation of powers guarantee the country's political stability. The legal framework is also relevant for making a profitable investment and administrative procedures for entrepreneurship are simplified.
Thanks to the various international commitments, such as non-double taxation agreements or investment promotion and protection agreements, it should be noted that the creation and development of a foreign company in Mauritius does not pose significant financial risks. It can even be said that the Mauritian State encourages foreign investors to settle in the island.
Types of investor visas « business »
If you are planning to move to Mauritius and start a business there, it is essential to have a residence permit. Depending on your status and the amount of your turnover, you can choose between two types of visas:
Selfemployed
Also called « self-employed permit »The selfemployed visa is intended for workers who wish to pursue a liberal profession (or become a consultant) in Mauritius. To obtain this type of visa, the following conditions must be met:
- Opening a bank account in Mauritius and making a minimum deposit of US$35,000, i.e. close to 32,300 € before completing administrative formalities with the Economic Development Board;
- generate an average turnover of 600,000 Mauritian rupees, or about 15,000 € for the first two years.
Please be aware that the spouse and children of the person who applied for this type of visa also have a residence permit for dependents in Mauritius.
Visa investor business
In order to obtain an investor visa, a foreign national must comply with a number of eligibility conditions, including:
- the transfer of an initial deposit of US$ 100,000 (approximately 92,300) €) on a bank account subscribed to Mauritius
- have an annual income of at least 2 million Mauritian rupees, or nearly 49 200 € in the first year of activity.
The requirements may differ depending on the situation. Generally, it is necessary to transfer a minimum amount of US$ 25,000 (23,000) €) in a Mauritian bank account in case you are planning significant high-tech equipment.
In any case, it is essential to have a start-up investment of US$100,000 (excluding the purchase of real estate) to increase your chances of obtaining a visa « investor ».
Be aware that a permanent residence permit is only issued for persons who decide to move to Mauritius and buy property there.
What sectors of activity are there in Mauritius?
If you want to invest abroad, it is essential to start by informing you about the business climate and the regulations in force in the country of your choice. The choice of the business sector is also a crucial step, as it guarantees the sustainability of your business.
Exporting local products presents an opportunity for significant investment for foreign firms. To adapt to market needs, a few companies have focused on the production of sugar cane derivatives, including rum, vinegar or ethanol. Currently, exporting to European, Asian and North American countries remains a profitable activity for foreign investors, it is important to do the market studies well and find the right suppliers.
With its idyllic setting, Mauritius is also one of the leading tourist destinations in the Indian Ocean. Thanks to the influx of tourists from all over the world, tourism is undoubtedly a profitable sector. To stand out, you can focus on ecotourism. This concept, which is focused on sustainable development, is now in awe. It will allow you to quickly profitable your business.
It is also interesting to invest in new real estate in Mauritius. Thanks to its climate, this country is increasingly interested in wealthy sexagers who want to enjoy a golden retreat. Luxury residences with an exceptional setting easily find a buyer.
In recent years, other sectors of the future have emerged. Outsourcing is one of the most profitable areas of activity. By creating a company specializing in offshoring, you may not face a gradual decline in your turnover. In fact, more and more French companies are looking for qualified and cheaper staff to optimize their budget. Apart from customer service, it is possible to relocate accounting, human resources, website design...
Launch a business in Mauritius is an excellent decision if you want to propel your activity. Thanks to its attractive taxation and stable political context, this country offers a favourable environment for entrepreneurs, regardless of their sector of activity.
Do you have any questions?
