Smart City

Mauritius SCS

Where are located the best real estate developments for foreigners in Mauritius under the Smart City Scheme (SCS)?

Overview of the Smart City Scheme (SCS) and Its Application to Real Estate Development in Mauritius The Smart City Scheme (SCS) is an innovative initiative that aims to transform Mauritius into a smarter and more connected nation. It was launched in 2018 with the intention of creating a more efficient, sustainable and attractive environment for businesses and citizens alike. The SCS focuses on three...

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Good news for Mauritius: Mauritius has been removed from the FATF’s grey list after implementing enhanced AML/CFT measures.

The Financial Action Task Force (FATF) has confirmed the removal of Mauritius from its list of jurisdictions under enhanced scrutiny due to strategic AML/CFT deficiencies This is great news for Mauritius and will help ensure that the country continues to play a key role in facilitating foreign direct investment on the African continent.

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Particular Case
The Regulatory Sandbox License (RSL) allows an investor to undertake a commercial activity for which there is no legal structure or suitable regulations under Mauritius' existing legislation. The RSL will be provided by the Economic Development Board to qualifying firms that want to invest in innovative projects for a fixed amount of time under a set of agreed upon terms and conditions.

Eligibility
Any investor with an innovative concept for which there is no legal framework or sufficient measures to cover its materialization can submit a full application for the issuance of an RSL. The applicant must be able to demonstrate the creative character of the project on a local, regional or global scale.
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