Opportunities for Belgian entrepreneurs expatriated to Mauritius in terms of professional development

Living and working in Mauritius offers many professional development opportunities for Belgian entrepreneurs who want to expatriate. Mauritius is a destination of choice, offering solid financial services, abundant food and an extraordinary quality of life.
This tropical island is an attractive base for Belgian entrepreneurs and offers investment opportunities, highly competitive tax advantages and unprecedented business development possibilities.

There are two types of expatriation permits available to entrepreneurs who wish to live and work in Mauritius: the investor permit and the self-employed permit. The investor permit requires a minimum deposit of a large sum, i.e. €50.000 while the self-employed permit requires a deposit of €35.000.

Belgian entrepreneurs who wish to live and work in Mauritius will benefit from many advantages, including: no property tax, no income tax, no capital gains, no inheritance tax, easily repatriated profits, exempt customs duties and taxes for imported products, as well as a unified tax rate capped at 15%.

Expatriation-Maurice offers the best support for expatriation procedures and services and invites you to read this article to find out more about the opportunities available to Belgian entrepreneurs in Mauritius.

What are the advantages of Belgian entrepreneurs expatriated to Mauritius in terms of professional development?

1. International and intercultural experience: Belgian entrepreneurs expatriated in Mauritius can benefit from a rich and varied intercultural experience which allows them to easily adapt to a diverse and dynamic environment.

2. Business skills development: Mauritius has a diversified economic base and is positioned among the leaders in the Middle East and East Africa region. Belgian entrepreneurs working in Mauritius can benefit from a highly competitive business environment and develop professionally by taking advantage of the skills made available by the Mauritian market.

3. Opportunities for new collaborations: With a large number of international entrepreneurs established in Mauritius, Belgian entrepreneurs can benefit from a wide network of contacts and develop new collaborations.

4. Political and Fiscal Facilities: Mauritius is a haven for business and has one of the most preferred and competitive tax regimes. Belgian entrepreneurs expatriated to Mauritius can benefit from the advantages of a politically and fiscally stable environment to develop their business.

5. High standard of living opportunities: Mauritius offers a higher standard of living than that found in most European countries and provides an ideal setting to create a new life for Belgian entrepreneurs in terms of quality of life and numerous social benefits.

What is the taxation of Belgian entrepreneurs expatriated to Mauritius?

Taxation for Belgian entrepreneurs expatriated to Mauritius varies according to their legal status and the type of income they earn. Companies established in Mauritius are generally taxed under the annual tax regime, levied at a rate of 15%. Belgian entrepreneurs who hold shares in a company in Mauritius are taxed on their dividends and capital gains at the corporate tax rate at a fixed rate of 15%. Salaries and fees received by Belgians working in Mauritius are subject to income tax at a rate of 15%. Expatriate business owners who make profits in Mauritius are subject to income tax at a rate of 15%.

What is the length of residence to be considered a Mauritian entrepreneur?

A Mauritian entrepreneur must reside in Mauritius for at least six months in a twelve-month period. Those who do not have residence in Mauritius are considered non-residents and cannot register a business in Mauritius.

What type of visas are required to be a Mauritian entrepreneur?

Mauritian entrepreneurs require a letter of accreditation from the Ministry of Finance and Economic Services of Mauritius (MFSME), in addition to a valid residence permit to undertake activities on the island. Foreign entrepreneurs must submit an application for an investment authorisation and/or an Entrepreneurial Residence Card (TEC) together with the letter of accreditation to the MFSME and a valid residence permit for the application to be accepted.

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Opportunities for Belgian entrepreneurs expatriated to Mauritius in terms of professional development