Doing Business in Mauritius
What to Expect When Doing Business in Mauritius
Those looking to invest in Mauritius should consider the following potential challenges:
Setting up a company
There are no off-the-shelf companies in Mauritius, so each company must be newly incorporated. Documentary requirements include identification of beneficial owners, certification, residential address, references, and sources of funds – all of which can take time and must conform to local formats. In addition, the administrative aspects need to be tailored and taken into account, as there may be backlogs with the authorities.
Property transactions
Foreign owners cannot own real estate in Mauritius except in designated areas tied to programmes. Any transaction involving immovable property outside of these programmes requires special approval. Even if this permission is granted, registering property can be cumbersome.
Market opportunities
The local environment can be highly competitive and heavily dependent on imports. Many conglomerates look out towards exports to generate opportunities.
FAQs About Investing in Mauritius
How can I invest in real estate in Mauritius?
There is a high demand for rental properties and investment opportunities. There are many programmes that foreigners can buy into, some of which offer permanent residency for investments over $375,000. The Property Development Scheme (PDS), the old IRS and RES programmes offer permanent residency as a benefit, and now the benefit is extended to apartments that are at least Ground plus 2 levels, as long as the cost of the residence is at least $375,000.
Do I have to live in Mauritius to operate a business from there?
A Mauritius-based company must meet one of three conditions. It must have an office in Mauritius, have at least one full-time employee, or invest more than $100,000.
Why is Mauritius an attractive destination for offshore investment?
Mauritius is becoming increasingly popular with investors from around the world. The financial and administrative services are among the best in the world, and offshore companies’ legal and tax regimes are desirable. Global Business Companies formed in Mauritius enjoy many benefits and privileges.
Do you want to invest in Mauritius?
Are you moving to Mauritius from South Africa or looking for investment opportunities? Safyr Utilis is the perfect partner for companies and investors looking for opportunities in Mauritius. We are experts in helping our clients relocate assets from South Africa to Mauritius and can find a customised solution for your specific needs. Contact us today to learn more about how we can help you achieve your investment goals.
