Mauritius Launches New Golden Visa for Wealthy Investors amid Global Crisis

The Mauritian Cabinet has approved the introduction of a “Golden Visa” scheme designed to attract high-net-worth individuals and global investors as the island nation seeks to mitigate the economic repercussions of the ongoing conflict in the Middle East.

Meeting on Friday, 10 April, ministers agreed to the residency-by-investment programme to encourage wealthy individuals to relocate to the Indian Ocean nation.

The move headlines a broader package of measures aimed at positioning Mauritius as a stable haven for capital and business operations during the current period of regional instability.

Fast-Track Services for Wealthy Arrivals

To support the new visa initiative, a dedicated “Fast-Track Concierge Service” will be established within the Economic Development Board.

This service is designed to streamline and accelerate administrative procedures for affluent individuals choosing to settle on the island.

Expansion of Tax Exemptions

The government also announced an expansion of the current VAT exemption scheme. Previously limited to business meetings, conferences, and weddings, the “Meetings, Incentives, Conferences, and Exhibitions” (MICE) tax breaks will now include:

• International sporting events.
• International television and film award ceremonies.

Financial and Free Zone Incentives

Significant reforms are being implemented to accelerate the relocation of financial firms and industrial operators.

The Financial Services Commission and the Registrar of Companies have been directed to fast-track licensing for service providers, though officials stressed that this would be achieved without compromising regulatory due diligence.

Furthermore, existing free zone operators currently based in the Middle East will be granted “accelerated clearance” to begin operations within the Mauritius Freeport.

Under these new rules, such firms will be permitted to bypass the standard new application procedures to ensure a seamless transition of their business activities to Mauritian soil.

Source: Defi Media