MITCO is a Trust and Corporate Services Group duly licensed by the Mauritius Financial Services Commission since 1993.
MITCO Group is a subsidiary of CIEL Finance Limited, the finance cluster of CIEL Limited, a Mauritius-based diversified investment group listed on the Stock Exchange of Mauritius.
In our past e-News, we have already highlighted the different types of the permits available to work and/or live in Mauritius.
For recall, an Occupation Permit (OP) is a combined work and residence permit which allows foreign nationals to work and live in Mauritius under 3 categories: Investor, Professional and Self-Employed.
For non-citizens having more than 50 years old that may choose to retire in Mauritius under a Residence Permit (RP).
About BambooTech Madagascar
BambooTech is a company in Madagascar
The acquisition of an immovable property by a non-citizen is governed by the provisions of the Non-citizens (Property Restriction) Act (the “Act”). Pursuant to section 3(3)(iv) of the Act, a non-citizen who intends to acquire an immovable property for business purpose, including a guesthouse or tourist residence, requires an authorisation from the Economic Development Board of Mauritius (“EDB”) prior to signing the deed witnessing the transfer of the immovable property.
The 19thEastern and Southern Africa Anti-Money Laundering Group (ESAAMLG) meeting which took place beginning of September 2019 in Eswatini (Ex-Swaziland) has been fruitful to Mauritius in its revaluation by the Financial Action Task Force (FATF). The outcome of this meeting has been positive as announced by the ESAAMLG secretariat which considers Mauritius as a safe, reliable and clean jurisdiction and does not tolerate any case of money laundering and terrorist financing.