RAPID IMMIGRATION REGULATED IMMIGRATION CONSULTANTS
RAPID IMMIGRATION REGULATED IMMIGRATION CONSULTANTS
Attracting foreign capital has always been a major objective in the country’s economic development strategy. Numerous advantages, including tax incentives are already offered to foreign investors. As a means to further encourage investors to seize business and investment opportunities in Mauritius, Government has introduced a Permanent Residence Scheme for eligible foreign businessmen.
About Our partnership with JurisTax
JurisTax Group is an independent group that has recently entered into an agreement with Rapid Immigration. Juristax is operating in the non-banking financial sector since 2008.
Headquartered in Mauritius, JurisTax is present in Seychelles, Rwanda, United Arab Emirates, Singapore and has representative offices in China and South Africa.
Our services include:
- Advisory and assistance to our clients for structuring and succession planning
- Setting up and administration of companies, funds and trusts in Mauritius, Seychelles, Dubai, Rwanda and Singapore
- Corporate and secretarial services
- Accounting and tax services
- Compliance and legal services
- Re-domiciliation of companies
- Assistance with request in financing
- Good governance services
- Assistance to expatriates who want to relocate to Mauritius through permits applications, amongst others.
Different types of permits in Mauritius which enable non-citizens to live, work and/invest in Mauritius.
1. Residency Permit (RP) under the Property Acquisition
A non -citizen is eligible to obtain a Residence permit if he or she invests an amount of more than USD 375,000 in a real estate project under one of the available schemes:
- The Integrated Resort Scheme (IRS)
- The Real Estate Scheme (RES)
- The Property Development Scheme (PDS)
- The Smart City Scheme (SCS)
The non-citizen shall retain the status of resident for so long as he/she holds the residential property. In addition, the dependents (such as owner’s spouse, children under 24 years of age, and parents) are granted a permanent residence permit.
2. Residency Permit as Retired Non-Citizen
A Retired Non-Citizen is a person who is not a citizen of Mauritius and who is aged more than 50 years. A Retired Non-Citizen should make an initial transfer of at least USD 1,500 or its equivalent in freely convertible foreign currency at the time of issuance of the RP from abroad to his/her local bank account in Mauritius.
A person holding a retired non-citizen's residence permit may invest in any business provided that he/she:
• is not employed in the business;
• does not manage the business;
• receives no salary from the business.
The validity for the Residency Permit is 10 years, renewable.
3. Occupation Permit (OP) as Investor
For non-citizens who wish to invest in Mauritius or through Mauritius via a Mauritian company can apply for an Occupation Permit as an investor under 4 options:
(i) With an initial investment of USD 50,000 or its equivalent in freely convertible currency;
(ii) A net value asset of at least USD 50,000 or its equivalent in freely convertible currency for an existing business and businesses inherited and a cumulative turnover of at least 12 million rupees during the 3 years preceding the application;
(iii) High Technology Machines & Equipment - An initial investment of USD 50,000 or its equivalent in freely convertible currency, of which: a minimum transfer of at least USD 25,000 from abroad to the bank account of the company in Mauritius under which the application will be made and the equivalent of the remaining value in high technology machines and equipment, subject to certain criteria; and
(iv) Investor for innovative start-ups with no investment. Non-citizens are eligible to apply for an innovator OP under 2 options:
- Submission of an innovative project to the Economic Development Board (EDB) which will be assessed on its own merit; or
- The company must be registered with an incubator accredited with the Mauritius Research and Innovation Council prior to the submission of the project to the EDB.
The validity for the Occupation Permit is 10 years, renewable.
4. Occupation Permit as Self-Employed
An OP as Self-Employed is a non-citizen who wants to apply as self-employed and wish to carry out
a commercial activity in Mauritius. An OP as Self-Employed must make an initial investment of USD35,000 and the commercial activity must generate an income of at least MUR 800,000 per annum as
from the third year of registration.
The validity for the self-employed Occupation Permit is 10 years, renewable.
HOW WE CAN ASSIST
OUR CONTACT DETAILS
For more information on the different categories of permits and our services, we invite you to contact us by email on info@rapidimmigration.co.za or contact@juristax.com or
call us on +2782219982
Have a question? Talk to our expert.
Send us a message and we will contact you back with the best possible routes to Immigrate with you and your family.
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A concept that has become popular in Mauritius is the set up of property developments and smart cities that blend commercial, residential and activity-focused aspects. This ensures that you don’t have to go far to make the most of island life. The government has recently started to focus on the “working remotely” mode for foreigners with an easily obtainable visa. After all, who wouldn’t want to work from a place like this! Perfect for a family. Perfect for you.
Mauritius has one of the best education systems in Africa, with free education from preschool through university. The island also boasts several high-quality international schools, both French- and English-speaking, which offer opportunities to take international exams like the International Baccalaureate or GCSEs. This means that children studying in Mauritius can be prepared to enter high-level universities abroad or to attend one of the excellent universities on the island. Or you can study there remotely.
If safety is your number one priority, which it is for most, then you can rest assured that Mauritius will give you peace of mind, something you cannot put a price on. In the same breath, Mauritius is also one of 10 countries in the world that is free from conflict.
The tax incentives offered in this paradise are almost unparalleled. They include attractive benefits such as no capital gains tax, personal and corporate tax rates of 15%, no inheritance tax, and various tax holidays.
Voted the number one place to do business in Africa, with a consistently evolving economy and encouraging advantages for SMEs, the island is growing from strength to strength.
Positioned favourably in the middle of the Indian Ocean, the island of Mauritius is at GMT +4 hours and gets you to Africa, Australia, and the Middle East in good time, while Europe and the Far East are not too much further. You could say that Mauritius is the “Dubai” of the Southern Hemisphere, making it fantastic for travel and business.
Yet another attractive and impressive feature of Mauritius is that it is primarily a bilingual country, with French and English spoken across the vast majority of the island, especially in the places you need it most.
Quite simply put, Mauritius has a beauty that speaks to the soul, awakens the senses and provides visual delights that are awe-inspiring and soothing at the same time.
This Indian Ocean island is a true melting pot of cultures, religions and backgrounds that blend effortlessly and harmoniously. It truly is something to admire and is celebrated in a way that you just don’t find in many places. To come and experience it is a privilege.
Mauritius has become a financial hub that cannot help but buzz in the middle of the Indian Ocean with its dynamic and advanced banking system. While there is a focus and diverse choice of well-established fund and asset management companies.
You probably won’t get cold in this tropical climate with the year-round sun but with sufficient rainfall to keep it a lush green paradise, which adds to its appeal.
Economic, social and political stability
Variety of permits and visas
Foreign residency.
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REGULATED IMMIGRATION CONSULTANTS
Rapid Immigration is a fully registered and licensed company who works closely with regulated RCIC members who assist our clients with their applications to Canada and make sure everything that we have done on our client’s cases are correct and in accordance with the Canadian Law.