Dear All
We (our company) are in the process of setting up a specialist dental centre in Mauritius and have registered a domestic company for the purpose and obtained the necessary permissions from the Board of Investment and the Ministry of Health.
We initially wanted to be located in one of the commercial centres such as Bagatelle or Trianon shopping park or Grand Baie La crosiette. However, these centres don't have any vacant spaces and are very expensive.
So, we are now considering the possibility of leasing land in a prominent place (preferably state owned) and construct our centre on it. My question is whether this is even possible? If yes, how would you suggest going about it?
The company structure is such that it has two directors, one foreigner and one resident citizen.
Thanks!
How to lease land for long term commercial projects?
Hi,
Long term leasing of land is possible but the procedures can be back-breaking and take a long time especially state land as it requires a vetting process and approval by the Prime Minister's Office.
The procedures are through the Board of Investment itself.
See this link:
http://op.investmauritius.com/Download/ … siness.pdf
Dear Docindie,
Here's what the laws say:
1) A non-citizen cannot hold or purchase or acquire immovable property in Mauritius unless he gets the approval to acquire that property.
A non-citizen means and includes:
(a) any individual who is not a citizen of Mauritius
(b) any body or other association of persons, company, organisation, fund, firm, societe and any other entity whatsoever, if its share or other capital is owned by a person who is not a citizen of Mauritius
(c) a trust where any of the beneficiaries are persons not citizen of Mauritius or where the power of appointment or any discretion may be exercised in favour of any person who is not a citizen of Mauritius
Approval is given either by Authorisation from BOI or Certificate of Approval from Prime Minister's Office. But here's the good thing to know: No certificate of approval is required for holding of immovable property for commercial purposes under a lease agreement not exceeding 20 years.
I hope that helps. Don't hesitate to get back to me if you need.
Cheers
Gawesh
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