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Retire in Mauritius - Tax Free

Updated: May 20, 2021

RETIRE IN MAURITIUS WITH TAX FREE ON YOUR FOREIGN INCOME FOR 5 YEARS

If you are planning your retirement, now is the time to have a look at this scheme "Retirement based communities" from Mauritius for Foreign Citizens.


Who is Eligible?

You must be above 50 years of age to be considered in this retirement scheme and purchase a residential unit, designed exclusively for senior citizen, which will:

  • Provide for Personal Care and Home Care Services

  • Include a Nurse Station

  • Cater for Daily Food

  • 24 Hours on-site monitoring

  • Emergency Health Services

  • Leisure Facilities

The retiree must

  1. Purchase a residential unit either on the basis of plan, during contraction or when completed.

  2. Acquire the right to live in a residential unit for the rest of their life free of rent;

  3. Lease or rent a residential unit, under the scheme.

A non-citizen retiree applying under this scheme will be eligible for a residence permit for himself/herself and his/her spouse or common law partner until such time the property is no longer owned or occupied by the retiree


Requirements for Non-Citizen Permit

Non-Citizen Permit - Mauritius

Fiscal Incentives


Under this "Retirement Based Community" scheme, the foreign retiree will benefit from a 5-year income tax holiday and issued with a residence permit. Income includes pension income and other income remitted to Mauritius by himself/herself and his spouse or common law partner


Further more, a foreign retiree who is taking permanent residence in Mauritius will be eligible to the stand exemption of customs duty and VAT granted on importation of household and personal effects.


Benefits to a Senior Living Residence Promoter


For those interested to invest as a promoter, they will benefit from:

  • 5 year income tax holiday on profits generated

  • exemption from customs duty on the importation of machinery, construction materials and other inputs including furniture in semi-knocked down form on the condition that at least 20% local value addition is incorporated therein; and

  • exemption from provisions of the Morcellement act

 

Please book a session with us for more information or simply email us.






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