Investor’s permit: in which sectors to invest in 2023 in Mauritius
The investor permit issued by the Mauritian government is a safe bet for many foreigners wishing to set up in a country whose economy is capable of defying the current economic climate. If you are planning to create value and do business abroad, in which sectors should you invest in 2023 in Mauritius?
”Thanks to its best practice strategy, Mauritius has become a hub in terms of fiscal policy, tax in terms of fiscal policy, good governance, ethics, transparency and political and economic political and economic freedom. A transparent and well-defined investment code and legal system has made the country’s foreign investment climate one of the best in the region.” (Economic Development Board of Mauritius)
What are the sectors favorable to investment in 2023 in Mauritius?
The history of Mauritius has never ceased to prove the ambition of this country to become one of the leaders of the regional economic scene. Today, several key sectors will enable it to continue its evolution:
- The creative industry;
- The film industry;
- The maritime economy;
- Renewable energy;
- Financial services;
- Freeport and logistics;
- ICT-BPO (outsourcing);
- Life sciences;
- Manufacturing industry;
- Real estate development and hotels;
- The Stock-Exchange of Mauritius (SEM);
- Smart Cities;
- The sports economy.
Professional investors, a category taken very seriously in Mauritius
Mauritius is a paradise for foreign professional investors. Not only is the country is located in an ideal spot; between Africa, Europe and Asia, while being close to a French owned island namely; Reunion Island, but it also enjoys a unique entrepreneurial context. More clearly, it is easier and more economical to create a company or even settle its head office in Mauritius. Alongside the fiscal, legal and economic context, it makes it possible to create more profitability.
Good to know
According to the 2020 Doing Business report, Mauritius ranked 13th (out of 190) in the world on the ease of doing business.
The different categories of investors in Mauritius
The Economic Board of Development is the parastatal body responsible for the promotion and development of Mauritius as an international financial center. It is the main contact for foreigners wishing to invest in the country, which it classifies into several categories.
The Premium Investor Certificate
This permit is designed to encourage pioneering, innovative sectors and newcomers through incentives, is
- Companies involved in the manufacture of pharmaceutical products and medical devices
- Companies investing at least Rs 500 million.
Net Asset Value Investor
This permit is for foreigners:
- Owning an operational business in Mauritius;
- Who have inherited an existing business.
In either case, the business must have a net worth of at least USD 50,000 and have a cumulative turnover of at least 12 million rupees over the last three years.
It is valid for 10 years and allows them to run their business directly, without having to go through the stages.
The high-tech machinery and equipment investor
To encourage its digital develoment, Mauritius offers to foreigners the “High Technology Machinery and Equipment” program. This concerns direct foreign investment in sophisticated machinery and equipment in high-tech fields.
The core investor
This investor transfers USD 50,000 or its equivalent in a freely convertible currency into a company.
Is it the right time to invest in Mauritius?
As a result of the expansion phase, Mauritius’ GDP growth will be above 5% in 2023, as the Minister of Finance predicted during a recent speech and this is news for foreigners willing to invest in a dynamic and forward-looking economy in Mauritius.
A successful investment project is one that benefits from a proper quality support, as close as possible and one which is truly concerned about the future interests of the investor.
Skills, experience, expertise,motivation, passion, at Magellan we put all these qualities at your service to make sure you are better assisted.