MAURITIUS SMART CITY
“In 2015 the Mauritian government launched the Smart City Scheme which comprises of mixed-use property development programme that incorporates office, residential, commercial, educational and medical spaces as well as a leisure areas.
Here we demonstrate its benefits and some of the leading Smart City projects currently underway on the island"
Karen
WHAT IS A SMART CITY?
The Smart City Scheme is an ambitious economic development programme aimed at consolidating the Mauritian International Business and Financial Hub by creating ideal conditions for working, living and spurring investment through the development of smart cities across the island.
These smart cities will leverage the latest advances in urban planning and digitalised technologies.
Global investors are invited to consider this vision and share the success of this bold national initiative.
REASONS FOR INVESTINGS
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Income tax, corporate tax and VAT fixed at 15%
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Tax-free dividends
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No capital gains tax
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Legal and political security
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Security of assets
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No minimum capital requirement for the incorporation of a company
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100% foreign ownership
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No exchange control
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Incorporation of company in 3 days
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One-stop shop for launching of business
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Streamlined procedures for permits and licences
SMART CITY FEATURES
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3 or more classes of uses, including Residential, Commercial & Leisure
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Non-residents can buy under Smart City scheme
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Reduced energy consumption through technological Innovation
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Affordable housing for middle-income earners
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Pedestrian-orientated environment
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Environmental sustainability
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Government approved
INVESTMENT OPPORTUNITY
The development of smart cities in Mauritius is opening up a plethora of investment opportunities.
The smart city project is a new initiative to stimulate innovative scientific and technological activities, provide technology-driven facilities to the business community and create a vibrant city lifestyle.
The Government of Mauritius has set up the ‘Smart City Scheme’ to provide an enabling framework and a package of attractive fiscal and non-fiscal incentives to investors for the development of smart cities across the island.
The smart-city concept is about providing investors, nationals and foreigners, with options for living in sustainable, convenient and enjoyable urban surroundings.
These new cities will be built around the work-live-play lifestyle in a vibrant environment with technology and innovation at their core.
The concept paves the way for investors to develop and invest in:
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A mix of commercial, leisure and residential uses that, as a whole, achieves physical and functional integration and creates a pedestrian-oriented urban environment
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A combination of office, light industrial, education, medical and tourism clusters
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High technology and innovation cluster
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Infrastructure to service green-field sites with roads and inspiring landscaping
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Clean technology aimed at carbon and waste reduction, efficient transport
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Low-energy-consumption buildings
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Digital solutions, urban sensing technologies and big data analytics
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Energy production and water management and utilities
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High-end residential estate and real estate investment management
INCENTIVES FOR INVESTING
Residency
Any person any entity including foreign companies and trusts can acquire residential units in a smart city.
Any non-citizen acquiring a residential unit above USD 375,000 under the scheme is eligible to a residence permit for himself and his family.
No restriction on rental or resale of residential units. Possibility for a retired person to acquire life rights under the Smart City Scheme.
Mauritian Citizenship
A non-citizen having held a residence permit for a minimum period of 2 years and having made an investment over USD 5 million in Mauritius may apply for Mauritian citizenship.
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