News

09/10/2017

The Investment Promotion Act has been amended to introduce a new category of Occupation Permit: - The Innovator Occupation Permit (The “Innovator OP”).

The Innovator OP has been designed for the non-citizens who wish to invest in Mauritius and conduct Research and Development projects in innovative sectors.

In addition, to provide more opportunities for non-citizen to retire in Mauritius, the criteria pertaining to the transfer into the Mauritian bank account has been relaxed. Henceforth, a retired non-citizen must undertake to transfer in his Mauritian bank account an initial amount of at least USD 2,500 and an aggregate amount of at least USD 30,000 annually (that is an amount of at least USD 2,500 monthly).

For more information on the occupation and residence permits, we invite you to contact your representative at MITCO or you may send an email to bd@mitcoworld.com