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Tax benefits for expatriates in Mauritius
Mauritius offers a wide range of tax benefits to expats staying there, which makes it more than attractive. The good news is that no matter how long you stay, you are able to benefit from certain tax exemptions.
Non-resident regime
Non-residents are exempt from tax on their salary earned in Mauritius, which is a real boon. This means that if you are a non-resident, you do not have to pay tax on the salaries you earn in Mauritius.
Tax reduction for non-resident investors
Non-resident investors can benefit from tax reductions on their investments. You may be able to claim back up to 70% of the total tax paid on the profits you make from investing in Mauritius.
Profits and capital gains exemption
Expats in Mauritius can expect to enjoy exemption from taxes on profits and capital gains, provided the total amount of income does not exceed a certain ceiling.
Also, although some taxes are due on dividends distributed to non-resident shareholders, the tax rate is around 5%.
Other tax benefits
In addition to the tax benefits mentioned above, expats in Mauritius can also benefit from tax-free life insurance policies, tax allowances for health and retirement expenses, as well as other tax advantages.
Expatriation-Maurice is your partner to realize your project of living in Mauritius! Expatriation-Maurice supports you in all your steps to facilitate your installation in Mauritius. Expatriation-Maurice also gives you all the information and knowledge necessary to be able to take full advantage of the tax benefits that Mauritius offers to expatriates.
Tax advantages of expatriation in Mauritius
Mauritius is one of the most attractive expatriation destinations for people looking for a low-tax country. There are many tax benefits for expats in Mauritius. Here are some of the advantages that come with the Mauritian tax regime:
- Very low tax rates: Tax rates in Mauritius are among the lowest in the world, as low as 3% for some Mauritian residents. The tax exemptions offered by the Mauritian government are among the most competitive in the region.
- Capital Gains Exemption: Capital gains on goods and merchandise purchased and sold within 18 months are exempt from tax in Mauritius.
- Reduced Pension Tax Rates: People receiving retirement or pensions in Mauritius are taxed at lower rates than people in employment.
Small Business Assistance
The Mauritian government has created tax assistance measures to support small businesses and encourage their development. In particular:
- Dividend Tax Exemption: Dividends paid by a small business in Mauritius are tax exempt.
- Deduction of expenses incurred in recruiting workers: Companies are not required to pay taxes on the salaries of Mauritian employees they hire.
- Tax Exemption for Research and Development: Companies investing in research and development are exempt from tax in Mauritius.
Welcome to Expatriation-Maurice !
Expatriation-Maurice is a service offering solutions to support you in your expatriation journey to Mauritius. We provide comprehensive information and support in starting and maintaining your life in Mauritius. We also have the latest information on the laws and tax obligations applicable to expatriates in Mauritius, including the tax benefits described in this article, so that you can easily navigate through the process and take full advantage of the benefits that this exceptional destination has to offer. Contact us today and we will be happy to assist you in your entrepreneurial adventure!
