Mauritius, an island nation known for its stunning natural beauty, political stability, and high standard of living, has become a sought-after destination for expatriates. If you're considering relocating to this tropical paradise, understanding the intricacies of local laws, finances, and tax regulations is crucial.
The flag of Mauritius
As an expatriate, your primary concern revolves around securing your income and assets while optimizing your financial structure for maximum tax efficiency. Consulting with trusted service providers who understand your unique needs and challenges is essential for a smooth transition and long-term financial well-being.
Why Mauritius?
Mauritius offers a strategic base for international growth, boasting access to skilled professionals, regional markets, and a stable, business-friendly environment. Benefiting from the territorial taxation of Mauritius, holding an American LLC can be an excellent idea.
Sublime beaches of Mauritius
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- Spectacular natural parks
- Sublime beaches
- Lagoons and coral reefs
The nation is also known for its political and social stability, high standard of living, modern infrastructure and efficient public services.
Mauritius is renowned for being a popular tourist destination and has become a preferred expat location for professionals across the World in recent years. It offers an incredible safe lifestyle with casual island living and a pleasant climate all year round.
Whether you are a Mauritian currently living abroad or expat looking to relocate to Mauritius, we are best placed to connect you with the right opportunities.
EXPAT Cost of Living in MAURITIUS 2024
Taxation in Mauritius for Expatriates
Residents of Mauritius are taxed on income earned in Mauritius and on foreign income transferred to the island. Resident companies are subject to tax on their worldwide income.
The standard tax rate is 15% for individuals, but a reduced rate of 10% is applied to individuals whose net annual income does not exceed 650,000 MUR (approximately 13,000 euros). A solidarity levy of 5% is applied to expected annual income above MUR 3.5 million (about 75,000 euros), i.e. a 20% income tax on income of about 75,000 euros.
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Enterprises are subject to income tax on their net profit, currently at a flat rate of 15%. It is recommended to call a specialist to help make the right choices.
Permits for Relocating to Mauritius
The Mauritian government offers several types of permits to those interested in relocating to the country, including Investor Permit, Self-Employed Permit, and Professional Permit.
- Investor Permit: This is designed for those looking to invest in an economic activity within the country, such as setting up a business or engaging in real estate investment. The permit also provides access to work and live legally in Mauritius.
- Self-Employed Permit: This is designed for entrepreneurs and other independent professionals, such as writers, freelance consultants, and photographers who wish to start their own businesses in the country.
How Consultancy Services Can Help
To meet the needs of these individuals, a range of support services are designed to help expatriates and residents make the most out of their stay in the country. Here's how expert consultancy services can assist you:
Structuring Your International Business
For Small to medium sized enterprises (SMEs), owner managed businesses (OMBs) and entrepreneurs, consultancy services can assist your business thereby ensuring that your business is structured to enhance development and growth while you focus on the core activities.
We provide the following services to SMEs and OMBs:
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- Structuring your international business for maximum financial efficiency
- Use offshore and onshore structures
- Cost reduction by outsourcing elements of your business IT, accounting and payroll
- Protecting your business's wealth
- Reducing the cost of expansion into new jurisdictions by using virtual offices
For High Net Worth Individuals
While wealth offers access to many forms of investment such as property, yacht ownership and aircraft ownership, it also provides unique challenges. The biggest challenge indeed is protecting and keeping that wealth!
Consultancy services provide to high net-worth individuals with the right solutions that keep their assets secured. As a high net-worth client, you will have peace of mind that services are delivered in full cognisance of national and international laws, cultures and traditions.
For Entrepreneurs
The world's economies are driven by entrepreneurs. These are the pioneers and risk-takers who develop innovations, implement new strategies, create job opportunities, grow wealth, and makes the world economy to be more vibrant.
When you are ready to exploit new ideas, expand into new markets, or engage in cross-border transactions, consultancy services are well placed to assist you with tax efficient structures, outsourcing and payment execution. They shall be by your side all the way to success and beyond.
For Multi-national Corporations & Large Enterprises
To develop a business model with high efficiency and effectiveness, the decision making is affected by several factors. Consultancy services understand the needs of global businesses and ensure that the assets of the company/group are preserved while maximising profits.
Once you’ve identified Mauritius as a target market, hiring people locally or relocating employees may be your next step. But setting up a legal entity takes time - often around 3 months - and carries ongoing administrative and financial overheads. You remain the operational employer - deciding compensation, tasks, projects, and team structure. You choose the candidates - whether they’re already part of your team or newly hired - and we do the rest.
Mauritius as an International Business Centre
American LLC and Expatriation to Mauritius
Being a partner of an American LLC will give credibility to your visa application for Mauritius because of the internationality of this legal form. Thanks to valuable relationship with local partners, you will be in the hands of recognized professionals in Mauritius to obtain your visa in full compliance with the national legal and tax requirements.
The role of consultancy services is to create your American entity so that you can continue your activity while being perfectly compliant with the USA, while taking advantage of the Mauritian tax system due to the semi-transparency of the American LLC and the territorial taxation of Mauritius.
Mauritian Diaspora
Mauritian Diaspora is defined as a citizen of Mauritius who has been living and working outside Mauritius before 24th March 2015 and has the necessary skills, talent and experience to potentially qualify for significant tax & duty exemption, spousal work permits and other benefits.
Relocating to a new country or moving back home can be a very daunting yet exciting time.
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