With the reopening of its borders, and the incentives introduced during its last budget and its enactment through the Finance (Miscellaneous Provisions) Act 2021, Mauritius positions itself as an ideal destination for the “WORK and LIVE” lifestyle. Below is a snapshot of the incentives introduced:
- The validity period for an Occupation Permit (OP) for Professionals has been extended from 3 years to 10 years
- Spouses of OP holders wishing to invest or work in Mauritius are exempted from applying for an OP or work permit
- The maximum age limit of 24 years for dependents has been waived
- A new category, the 10 YEAR FAMILY OCCUPATION PERMIT has been introduced: Eligibility to the new category is through a contribution of USD 250,000 or its equivalent in freely convertible foreign currency to the COVID-19 Projects Development Fund.
- The PREMIUM INVESTOR VISA
The premium investor scheme targets to promote the manufacturing of Pharmaceuticals product, or Medical devices or involves a minimum investment of 500 million rupees (Circa USD 12 million) in:- Emerging sectors
- Pioneering industries and first movers
- Innovative technologies and industries
- Such targeted economic activities as the Minister may approve
It allows a non-citizen to stay in Mauritius for a period of one year with an option to renew.
To qualify for the Premium Visa, interested visitors should produce proof of their long stay plans and sufficient travel and health insurance for the initial period of stay while meeting the following criteria:
- the applicants should not enter the Mauritius Labour market;
- the main place of business and source of income and profits should be outside Mauritius;
- documentary evidence to support application such as purpose of visit, accommodation etc.; and
- other basic immigration requirements.
For more information, please contact us office@rosemont.mu