A)   Introduction of the Premium Investor Scheme:

Projects eligible under the Premium Investor Scheme are those:

(a) having a minimum investment of MUR 500 million (approx. US$ 11,550,000) in the following sectors:

(i) emerging sectors;

(ii) pioneering industries and first movers;

(iii) innovative technologies and industries; and

(iv) such targeted economic activities as the Minister of Finance, Economic Planning and Development may approve; or

(b) those in relation to the manufacture of pharmaceutical or medical devices.

Holders of the Premium Investor Certificate may benefit from:

(a) rebates, exemptions and preferential rates, in relation to taxes, duties, fees, charges and levies under any enactment;

(b) facilities, grants and exemptions in relation to

(i) land and buildings;

(ii) infrastructure and public facilities;

(iii) utilities; and

(iv) labour requirements, including foreign labour, as the Minister of Finance, Economic Planning and Development may approve.

B)   Extension of occupation and residence permits

Family Occupation Permit:

A non-citizen may, through the Economic Development Board, now apply for a family occupation permit authorising:

(a) the applicant, his spouse, dependent child, parent, other dependent or such other person working exclusively for the family unit, as may be approved by the immigration officer, to become a resident in Mauritius for a period of 10 years provided that there has been a contribution of USD 250,000 or its equivalent in freely convertible foreign currency to the COVID-19 Projects Development Fund;

(b) the applicant or his spouse, to carry out any occupation in Mauritius for reward or profit or take up employment in Mauritius; and

(c) such persons working for the family unit, as may be approved by the immigration officer to take up employment with the applicant for the purpose of attending to the needs of the family.

Fund accounting and compliance services sectors:

Occupation permits may now be obtained for professionals working in the fund accounting and compliance services sectors provided the following criteria are met:

(a) the employee will earn a monthly basic salary of at least MUR 30,000 (approx. US$ 693);

(b) the employee has at least 3 years relevant work experience; and

(c) the employer is a licensee of the Financial Service Commission.

Purchase of property:

Subject to the requirements of the law, a non-citizen will be granted a residence permit where he purchases or otherwise acquires an apartment used as residence, in a building of at least 2 floors above ground floor, provided the purchase price is not less than US$ 375,000.

Should you require further information on the contents of this article, please contact your usual team member at Appleby or the undersigned parties.

Key contacts

Malcolm Moller

Group Managing Partner: Mauritius, Seychelles, Shanghai

T +230 203 4301
E Email Malcolm

Twitter LinkedIn Email Save as PDF
More News
25 Oct 2022 | News

Appleby leads on six jurisdictional chapters for Legal 500’s latest Mergers & Acquisitions (M&A) guide

Appleby has authored the chapters for Bermuda, the British Virgin Islands, the Cayman Islands, Guern...

11 Aug 2022 | News

Over 30 Appleby lawyers and nine offices recognised in 2022 IFLR1000

36 Appleby lawyers across nine jurisdictions have been recognised in this year’s IFLR1000 rankings...

10 Aug 2022 | News

The Mauritius Finance Miscellaneous Provision Act 2022

The measures announced by the Minister of Finance, Economic Planning and Development in the National...

29 Jun 2022 | News

The Court of Civil Appeal quashes judgement of Commercial Division of Supreme Court in record time on the day of the appeal hearing in Mauritius

On 24 July 2020, the Supreme Court (Commercial Division) of Mauritius delivered the judgment.

6 Jun 2022 | News

The Virtual Assets and Initial Token Offerings Act 2022: The Financial Services Commission Confirms Processing Fees and Licensing Criteria

On 02 June 2022, the Mauritian Financial Services Commission (FSC) confirmed the processing fees for...

11 Apr 2022 | News

Mauritius: Virtual Assets and Initial Token Offerings now a reality

In its continued pursuit of attracting investors and building a resilient economy and establishing M...

1 Apr 2022 | News

Appleby announces new Partners and Counsel promotions

Appleby announces the promotion of two Partners and the appointment of five lawyers to the position ...

23 Mar 2022 | News

Appleby Mauritius advises Azure Power Global Limited for the Rights Offering of its Equity Shares of up to USD249,938,599

Appleby Mauritius advises Azure Power Global Limited for the Rights Offering of its Equity Shares of...

8 Mar 2022 | News

Appleby Celebrates International Women’s Day on 8 March 2022

Appleby marks the day with 2022 campaign theme #BreakTheBias.