Starting a business in Mauritius is hassle-free and takes a minimum of one working day. Whether you are abroad or in Mauritius, the Corporate and Business Registration Department (CBRD) will be your one-stop-shop for starting a business and it offers a variety of options in terms of category, nature, and type of company.
A non-regulated activity does not require any licence or clearance to start operations as opposed to a regulated activity which requires a clearance/licence from the relevant public sector agency prior to the start of operations or within a defined timeframe, after operations have started.
You will be required to register on the following link https://companies.govmu.org/ to start the procedures to set up a company.
Please click on the following link for more details on how to set up a business: https://www.edbmauritius.org/info-centre
The main costs associated with Setting up a Company and Doing Business include business registration fees, work permits, trade fees, licenses, immovable property for business purposes, utility rates, taxation, and financial charges amongst others.
If you wish to work and live in Mauritius, you may consider applying for an Occupation Permit (OP) which is a combined work and residence permit that allows foreign nationals to work and reside in Mauritius under three specific categories namely:
An Occupation Permit and a Residence Permit are issued for a maximum period of ten years, renewable thereafter as per established criteria.
Dependents of an OP or RP holder may also apply for a residence permit for a duration not exceeding that of the main holder.
The Permanent Residence Permit (PRP) is a 20-year residency, open to investors, retirees, professionals, self-employed entrepreneurs, and their family. This may be obtained under different conditions and is renewable for another 20 years, provided the residency requirements have been fulfilled.
There are two roots to obtaining the Permanent Residency Status in Mauritius which are as follows:
Note: A non-citizen holding an OP/RP for at least 3 years and whose OP/RP is valid on 1 September 2020 is eligible for a 20-year PRP. The eligibility conditions will be that of OP/RP criteria for renewal.
Non-citizens and expats can acquire high-end and luxury apartments, villas, penthouses, duplexes and townhouses under approved schemes by the Economic Development Board such as:
The property can be bought off plan, during or after construction. The main benefits an investor would gain in buying under such schemes are: a residence permit in Mauritius (minimum investment USD 375,000) for the buyer and his dependents, which is valid as long as he retains the ownership of the property; the opportunity to sell the property with no minimum selling price restriction; the opportunity to rent the property; the possibility to elect tax residency in Mauritius; no restriction on the repatriation of funds or revenue raised from the sale or renting of the residential property.
Eligible non-citizens (holders of residence permits) are allowed to acquire one plot of serviced land to build an individual house as per established architectural guidelines within a Smart City project, provided that the deed of sale is signed on or before 30 June 2024.
While the answer depends largely on factors such as daily needs, lifestyle, habits and size of family, an indication of the expenses such as Accommodation, Food and Groceries, Monthly Utilities, and Transportation can be obtained on the following link: https://residency.mu/cost-of-living/
It is worthy to note that the 10th edition of the World Happiness Report has picked Mauritius as the happiest country to live in Africa. “The World Happiness Report is changing the conversation about progress and wellbeing. It provides important snapshots of how people around the world feel about the overall quality of their lives,” Christopher Barrington-Leigh.
Mauritius has been hailed as one of the best places in the world for remote working in 2022, thanks to its widely praised handling of the pandemic, 4G island-wide connectivity and free 12-month Premium Visa to meet the growing demand from international visitors looking to relocate to Mauritius for work, leisure or retirement. This initiative has attracted 1,500 individuals and families who have taken advantage of the opportunity to relocate to Mauritius as it delivers work-life balance through a developed and advanced infrastructure, making it an ideal location for those looking to maximise their business productivity and leisure time.
Thanks to the country’s effective and efficient handling of the global pandemic, Mauritius is now seen as a perfect destination for long-term relocation as it provides a Covid-secure environment in conjunction with economic, political and legal stability.