Economic Impacts of the Middle East War: Introduction of a Golden Visa Scheme to Attract Investors to Mauritius

How can Mauritius attract investors during the crisis caused by the war in the Middle East? The Council of Ministers, meeting this Friday, has decided to introduce a golden visa scheme to draw in investors and high-net-worth individuals, encouraging them to settle in Mauritius.

Other Measures:

• Create an Accelerated Concierge Service within the Economic Development Board to facilitate and expedite the processes for high-net-worth individuals arriving in Mauritius.

• Expand the current VAT Exemption Scheme for Meetings, Incentives, Conferences, and Exhibitions to include international sporting events and international award ceremonies for television and film, in addition to currently eligible activities (business meetings, exhibitions, conferences, and weddings).

• Speed up the relocation of service providers in the financial services sector through the expedited granting of licenses by Mauritian regulatory bodies (Financial Services Commission and Registrar of Companies), without compromising due diligence.

• Grant expedited customs clearance of licenses to existing free zone operators in the Middle East so they can operate in the Mauritius Free Zone without undergoing a new application process.