Living in Paradise

Considering taking the leap to start your new life in Mauritius? Here is a little guide to living in paradise...

What can I expect living in Mauritius?

• Cultural Diversity: Mauritius boasts a rich cultural heritage stemming from its history as a former colony of various European powers and its location at the crossroads of Africa, Asia, and the Middle East. As an expat, you'll find a diverse and inclusive society that celebrates its multiculturalism.


• Thriving Economy: The country's economy is driven by sectors such as tourism and financial services, making it an attractive destination for expats, particularly those in white-collar professions. Mauritius has been recognised by the World Bank as a favourable environment for business, which attracts professionals from around the globe.


• Breathtaking Environment: From sandy beaches to lush, picturesque landscapes, Mauritius offers a stunning natural environment. Expats can enjoy outdoor activities such as water sports, hiking, and exploring the island's unique flora and fauna.


• Immersion in the Culture: Embracing the local culture and customs can enhance your expat experience in Mauritius. Participating in cultural events, trying local cuisine, and learning about the island's history and traditions can enrich your stay.

The EDB

The Economic Development Board is the leading Government agency mandated to provide strong institutional support for strategic economic planning and to promote Mauritius as an attractive investment and business centre, a competitive export platform as well as an International Financial Centre (IFC). The EDB is a corporate body set up under the Economic Development Board Act 2017 and operates under the aegis of the Ministry of Finance, Economic Planning & Development.

What they do:

• act as the single interface with all investors and liaise with relevant authorities for the registration of investors
• provide facilitation and advisory services to businesses in Mauritius;
• identify opportunities in new economic sectors and engage with international partners to develop strategic alliances to create the appropriate ecosystem for these sectors;
• improve business environment and undertake such other activities as may be necessary to promote Mauritius as an attractive base for investment and as an international financial centre;
• initiate and undertake necessary economic research at the macro-economic level.
  

In other words, the EDB is the go-to place for all of your visa and financial queries. Check out their website here: https://edbmauritius.org/work-live

Can expats buy property?

Expats can buy property in Mauritius, but there are certain requirements, including a minimum purchase price. However, investing in property can lead to obtaining a 20-year Permanent Residence Permit, providing long-term residency options. Legislation has just been updated to allow foreigners to buy a larger range of properties on the island than previously.

The amendment to the Non-Citizens (Property Restriction) Act of 1975 expands the scope of property ownership for foreigners beyond previously approved schemes such as IRS, RES, PDS, G+2, Smart City, and IHS. The amendment allows qualifying individuals to purchase freehold residential properties, including freestanding villas, apartments, or vacant land, provided the property does not exceed 1.25 Arpent in size and its value is equivalent to or greater than USD 500,000.

Qualifying individuals include existing MAIN Permit Holders of various categories such as Permanent Residence Permit, Occupation Permit (OP) in various capacities (Investor, Professional, Self-Employed, Short Term, Family, Retiree), and those who obtained Permanent Residence Permit through previous purchases into the aforementioned schemes.

There are certain costs associated with the purchase under this amendment; both the seller and buyer are required to pay a standard 5% government duty and the buyer has to pay an additional 10% tax.

It's important to note that leasehold or agricultural land is not eligible for purchase under this amendment.

What about visas?

To work in Mauritius as an expatriate, individuals must obtain one of the following permits: a Work Permit, an Occupation Permit, or a Certificate of Exemption. Among these, the Work Permit is the most commonly sought after. Expats are also required to apply for a Residence Permit for Employment.

Here is a link to the EDB website where you will find all of the requirements for each visa option: https://edbmauritius.org/work-live

A summary of our top tips:

• Preparation is Key: Ensure you have all essential documents and visas sorted before your departure to Mauritius to avoid any last-minute complications.


• Plan Ahead for Education: If you're moving with children, it's advisable to apply for school places well in advance to secure their enrolment and facilitate a smooth transition.


• Financial Readiness: Have funds equivalent to up to three months' rent available upfront to secure a rental property upon your arrival in Mauritius.


• Insurance Coverage: Consider acquiring life insurance and health cover tailored to your specific location needs in Mauritius.


• Embrace the Lifestyle: Stay healthy and immerse yourself in the rich culture of Mauritius. Engaging with the local customs, cuisine, and traditions will enhance your expat experience and foster a deeper connection with your new home.

Whatever you choose to do, Engel & Völkers Mauritius are here to help your tropical living dreams come true!