Dear Members,
I hope somebody would be able to answer the following questions in the process of getting retirement residency permit and relocating.
I sent those questions to BOI, but it seems they are on holiday already-no answers.
•. What is Residence Certificate? I have Utility Bill. Is this sufficient?
•. Another of the requirements in the preliminary application form is Residential address in Mauritius. I am not there yet and I do not have such. How can one apply on-line without having a Residential address there?
• is the capital (40K USD per year) brought to Mauritius in the process taxable?
• How do I open a bank account in Mauritius in order to satisfy the requirement for the initial transfer? I will not have a residential address yet and the local bank will not open an account. But at the same time I need the statement from a Mauritian bank showing the funds in order to apply.
• Does one have to declare his worldwide assets and are they taxable in Mauritius? I think they are taxable only if remitted to Mauritius and not a capital, right?
• Is it needed one to report to MTA If one is a shareholder of and BO in a company outside Mauritius(not doing business in MRU). Does one have to declare the assets of such a company and is such company taxable if one live in Mauritius as retiree?
• If one transfer USD 120,000 at time of application he should be allowed to purchase an apartment. Can one use portion of those 120K for the purchase?
Regards