Investor. Guidelines. How to apply for an Occupation Permit. Board of Investment

Transcription

1 Investor Guidelines How to apply for an Occupation Permit Board of Investment January 2014

2 Guidelines for Investor Contents A. Occupation Permit... 1 B. Definition of an Investor... 1 C. Documents required... 2 D. How to apply... 3 E. Turned down application... 3 F. Dependents... 4 G. Second application (Renewal)... 4 H. Monitoring... 5 I. Cancellation of Occupation Permit... 5 J. Other important information... 5 K. Contact us... 7 Annex Forms 1. Registration form as an Investor 2. Application form for Occupation Permit 3. Application to enter Mauritius 4. Checklist Investor 5. Checklist - Dependent Other documents 6. Template Business Plan 7. List of regulated activities 8. List of Banks in Mauritius 9. List of Medical Laboratories 10. Template of Medical Certificate report 11. Site map Occupation Permit Unit January

3 Guidelines for Investor A. Occupation Permit The Occupation Permit (OP) is a combined work and residence permit that allows a foreigner to reside and work in Mauritius. A non-citizen can apply for an OP under any of the following 3 categories: (1) Investor, (2) Professionals and (3) Self- Employed. The non-citizen should apply for the OP under a category which best reflects his nature of activities in the country. An Occupation Permit is granted for a maximum period of three years, renewable thereafter subject to established criteria. B. Definition of an Investor 1) An investor is defined as a shareholder and director in a company incorporated in Mauritius under the Companies Act. 2) An investor should make an initial transfer of 100,000 US dollars or its equivalent in any convertible foreign currency. 3) An investor has to generate an annual turnover exceeding MUR 4 million. 4) A company may have more than one investor as defined in (1) above. However the initial investment and annual turnover will be a multiple of the number of Investors in the company. 5) An investor having been granted an Occupation Permit is eligible to purchase only one apartment, in a building of at least 2 floors above ground, for his/her personal residence. 6) Non-citizen having invested a minimum of 500,000 US dollars in a qualifying business activity 1 as from 1 January 2013, will obtain a Permanent Residence Permit, valid for ten years. This will give them the right to acquire an apartment in a building of at least 2 floors above ground, for their personal residence. 1 List of qualifying business activities: Agro-based industry, Audio-visual, Cinema and Communication, Banking, Construction, Education, Environment-friendly and green energy products, Financial Services, Fisheries and marine resources, Freeport, Information Technology, Infrastructure, Insurance, Leisure, Manufacturing, Marina development, Tourism, Warehousing. Occupation Permit Unit January

4 Guidelines for Investor C. Documents required The investor has to submit the following: 1) BOI Registration Form for Investor. 2) Application Form for Occupation Permit. 3) A detailed Business Plan. 4) Original and copy of: a. Certificate of Incorporation of Company; b. Business Registration Card; c. Forms and documents submitted to Registrar of Companies (ROC) at time of incorporation of company (signed by RoC); and d. Form for transfer of shares, if applicable. 5) Appropriate licence / approval / letter of intent for regulated activities (e.g. licence from Financial Services Commission for Global Business Companies; Letter of Intent/Tourism Enterprise Licence from Tourism Authority; Freeport licence, registration with Tertiary Education Commission or Mauritius Qualifications Authority, etc.) 6) Evidence of transfer of funds from abroad in the account of the company in a commercial bank registered locally. 7) Bank draft/cheque of MUR 20,000 as Occupation Permit fee, payable to the order of the Government of Mauritius. Personal/ company cheques are not acceptable. 8) Original and copy of Birth Certificate and Marriage Certificate if applicable. The Birth Certificate should either be in English or French. If it is not so, a certified/ sworn translated copy by a competent authority should be submitted. 9) Passport and two photocopies of bio-data and last entry visa pages. Foreign nationals entering Mauritius need to be in possession of a valid travel document beyond their proposed period of stay. Investors are advised to request for a business visa on their arrival into the country for a minimum period of one month. Holders of passport of countries requiring a visa to enter Mauritius should apply and obtain the business visa prior to undertaking their travel. At time of submission of application, the business visa should be valid for at least fifteen days. Occupation Permit Unit January

5 Guidelines for Investor The name on the passport should be EXACTLY the same as on the birth certificate. If it is not similar, an affidavit sworn in the country of origin/residence could be submitted certifying that the names appearing on the birth certificate and passport are for the one and same person. 10) 4 identical recent (less than six months old) colour passport size photographs of 4.5cm x 3.5cm. 11) Medical Certificate with original reports of required tests that are less than six months old D. How to apply 1) The applicant has to be physically present in Mauritius at time of application and call in person at the Occupation Permit (OP) Unit of the Board of Investment to submit the application. The address of the OP Unit is on 4th Floor, Sterling House, Lislet Geoffroy Street, Port Louis. 2) At the time of application, all the documents mentioned in the section on Documents required should be submitted. 3) The originals and copies of documents submitted will be verified by both the Board of Investment (BOI) and the Passport and Immigration Office (PIO). 4) If the application is complete, a Document Receipt will be issued by the BOI. 5) Upon approval, the applicant is registered with the Board of Investment (BOI) under the category Investor and the Passport and Immigration Office (PIO) issues the Occupation Permit. 6) The applicant should personally collect the Occupation Permit at the Passport and Immigration Office (PIO Delivery Section). His/ her passport and BOI document receipt should be presented at the time of collection. 7) It is advised that the applicant contacts the PIO five working days following submission of application to verify if the Occupation Permit is ready for collection. E. Turned down application In case the application is turned down, the applicant will be informed accordingly. The applicant should call in person at the Board of Investment to collect the full set of documents. Occupation Permit Unit January

6 Guidelines for Investor F. Dependents The dependents of an investor are eligible to apply for a residence permit. Dependents are defined as spouse and children, including step children or lawfully adopted children, under 24 years of age Common-Law-Partner may be granted a residence permit for a period of six months on a renewable basis. In case the dependents wish to work in Mauritius, they need to apply either for a work or occupation permit, as the case may be. Application is made to the Passport and Immigration Office. The following documents should be submitted: 1) Application to enter Mauritius form to be filled by the Investor. Common- Law- Partner and children over the age of 18 should fill the application form themselves. 2) Passport details and valid visa.. If the visa is not valid, the application will not be entertained. 3) Full Birth Certificate/ Marriage Certificate/ certificate of cohabitation ( Certificat de concubinage ) 4) 4 identical recent (less than six months old) colour passport size photographs of 4.5cm x 3.5cm. 5) Bank draft/cheque of MUR 5,000 as Residence Permit fee per dependent, payable to the order of the Government of Mauritius. Personal/ company cheques are not acceptable. 6) Medical Certificate with original reports of required tests that are less than six months old. For children aged less than 12, only a medical certificate is required. 7) For lawfully adopted children, the document certifying adoption and for step children, a certified letter of consent from biological parent should be submitted. 8) The common law partner should provide a letter certifying that he/she would not undertake any employment in Mauritius as well as a letter from both partners stating that they are living together and the Investor will meet all the financial expenses. G. Second application (Renewal) After three years and subject to the annual turnover of MUR 4 million being met, the Investor may apply for the renewal of his Occupation Permit to the BOI. If the annual turnover is over MUR 15 million for three consecutive years, the Investor is eligible to apply for a permanent residence permit, valid for ten years. Applications are made at the Prime Minister s Office. Occupation Permit Unit January

7 Guidelines for Investor The second application should be submitted at least 15 days prior to expiry of the permit and the following documents are required: 1) Application form for Occupation Permit 2) Passport details and last entry visa 3) Bank draft/ cheque of MUR 20,000 (Occupation Permit fee) 4) Copy of Certificate of Incorporation, Business Registration Card and shareholding pattern 5) Copy of current Occupation Permit 6) 4 identical recent (less than six months old) colour passport size photographs of 4.5cm x 3.5cm H. Monitoring The Board of Investment in collaboration with the Passport and Immigration Office may carry out monitoring exercise to ensure that the Investor is compliant with established rules and guidelines. Site visits may also be carried out at regular intervals. The Investor should submit his/her annual return to the Mauritius Revenue Authority and Companies Division. Non-compliant Investors would be deregistered by the Board of Investment (BOI) as per Section 15 of the Investment Promotion Act and their Occupation Permit would subsequently be cancelled by Passport and Immigration Office. I. Cancellation of Occupation Permit If at any time, the Investor decides to cease his activities in Mauritius, he/she should inform the Board of Investment in writing and return to the Passport and Immigration Office the originals of the Occupation Permit and Occupation Permit Card and to the Board of Investment, the Registration Certificate. The Passport and Immigration Office may at any time cancel the permit without giving any reason. J. Other important information 1) No application for Occupation Permit will be accepted if there is evidence that the applicant is suffering from any infectious or contagious disease. 2) The Investor should ensure the company obtains the relevant permits and licenses prior to starting their business activity. They should also comply with conditions of regulated activities. 3) Only those applications which are deemed complete will be accepted for processing.. 4) A Post Office Box (PO-Box) address is not acceptable as a residential or business address. Occupation Permit Unit January

8 Guidelines for Investor 5) The Occupation Permit is not transferable in respect of registered business activities or employer. 6) Applicants should immediately notify the Passport and Immigration office and the Board of Investment in writing of any change in their particulars inclusive of business and residential address.. Occupation Permit Unit January

9 Guidelines for Investor K. Contact us Application forms, guidelines and other useful information leaflets may be obtained from: Board of Investment - Occupation Permit Unit 4 th Floor, Sterling House, Lislet Geoffroy Street, Port Louis - Mauritius Tel: Fax: op@investmauritius.com Passport and Immigration Office 4 th Floor, Sterling House, Lislet Geoffroy Street, Port Louis - Mauritius Tel: Fax: pio_occupation@mail.gov.mu Board of Investment - Advisory centre 10 th Floor, One Cathedral Square Building, 16, Jules Koenig Street, Port Louis- Mauritius Tel: op@investmauritius.com Disclaimer These guidelines may be subject to changes and should not, in any circumstances, be treated as final. Any other information or document not listed above may be requested depending on the application. Whilst care has been taken to ensure that the information provided herein is accurate and correct at the time of publication, users of this publication are advised to seek guidance from the Board of investment in case of uncertainty or ambiguity encountered in reading this manual. The Board of Investment shall, in no circumstances whatsoever, be held liable to any person arising from use of information contained herein. Occupation Permit Unit January

10 Forms: 1) Registration form as an Investor 2) Application form for Occupation Permit 3) Application to Enter Mauritius form

11 Registration form as an Investor

12 Registration form for Investor REGISTRANTS SHOULD HAVE ALREAY REGISTERED THEIR BUSINESS ACTIVITY WITH THE REGISTRAR OF COMPANIES BEFORE REGISTERING WITH THE BOARD OF INVESTMENT. Please fill form in block letters Transaction No. (for office use) Submission date (dd/mm/yyy) Incorporation No. Company details Business Registration No. Surname Investor's Particulars Name of Company/ Societe Other Names Business Name Address General Nature of Activities City Country Address of Principal Place of Business Nationality Occupation Address for Correspondence Address In what way do you require the assistance of the BOI Office Phone No. Fax No. Mobile Phone No. Date/ Proposed date for start of business (dd/mm/yyyy) Address Local FDI Proposed Investment (MUR) Proposed Job creation Locals Expatriates Year 1 Year 2 Workforce at time of application Locals Expatriates 100% domestic (no export) Proposed market Mix of Domestic and export % export Sector of Activity 100% export oriented Total Amount already transferred Year 3 Appointment date (dd/mm/yyyy) Addtional informaiton Do you allow the BOI to use and share this information to our departments to follow up? Yes No Others Would you be interested to receive our monthly newsletter? Yes No

13 Application form for Occupation Permit

14 GOVERNMENT OF MAURITIUS APPLICATION FOR OCCUPATION PERMIT [Section 9A of the Immigration Act)] (Please read the attached guidelines carefully BEFORE filling this form) APPLICANT S CATEGORY (Please tick one category only) INVESTOR PROFESSIONAL SELF-EMPLOYED BOI Registration Number. SECTION 1: PERSONAL DETAILS OF INVESTOR OR EXPATRIATE WORKER TO BE RECRUITED 1.1 Surname 1.2 Given Names 1.3 Maiden Name(If any) 1.4 Any Previous Name 1.5 Gender Male Female 1.6 Marital Status 1.7 Date Of Birth Day Month Year Single Married Divorced Other Place Of Birth 1.9 Present Nationality 1.10 Any other nationality held Date acquired: 1.11 Have you ever renounced any nationality? Yes No If yes, state which one and why? Day Month Year 1.12 Passport No 1.13 Issuing Country 1.14 Date of Issue Day Month Year 1.15 Date of expiry Day Month Year 1.16 If you have any other document issued by your or any other government, e.g residence permit, etc, please give details: Type of document: Date of issue 1.18 Date of expiry Day Month Year Day Month Year 1.19 Residential Address in your country of origin Tel No: Fax No: 1

15 GOVERNMENT OF MAURITIUS 1.20 Address of last place of residence, if different from above Tel No: 1.21 Do you hold the right of re-entry into your: Fax No: (a) country of origin? Yes No Date of expiry of right: (b) last place of residence? Yes No Date of expiry of right: 1.22 If No to any of the above, please give details: Day Month Year Day Month Year 1.23 Residential address in Mauritius Tel No: Fax No: Mobile No: Address: 1.24 Have you previously worked in Mauritius (or currently working)? Yes No If Yes, please give details of (i) the current post and (ii) of the most recent one below Post held Company (name and address) Period (i) From To (ii) From To SECTION 2 DETAILS OF EMPLOYER/BUSINESS 2.1 Name of company/ societe, etc 2.2 Business Address 2.3 Tel No 2.4 Fax No 2

16 GOVERNMENT OF MAURITIUS Company 2.7 Business Registration Incorporation No No SECTION 3 - SECURITY/HEALTH QUESTIONS (please tick as appropriate) 3.1 Have you ever been convicted of any crime in any country? Yes No 3.2 Is a criminal/civil case pending against you in any country? Yes No 3.3 Are you suffering from any infectious or contagious disease? Yes No If the reply to any of the above questions is Yes, please give full details below, attaching relevant documents if any Any additional information you wish to bring to the attention of the Occupation Permit Unit. SECTION 4: DECLARATION I/We declare that all the information given in this application form as well as in the attached documents is true and correct. I / We understand that making a false statement is a serious offence and may lead to prosecution and cancellation of an Occupation Permit. Signature of investor/professional/self-employed:.. Date: Day Month Year Signature of employer (of the professional):. Date: Day Month Year 3

17 UNDERTAKING TO BE FILLED AND SIGNED BY THE APPLICANT This is to certify that I, Mr /Mrs / Miss. (NAME OF APPLICANT) of nationality has applied for an Occupation Permit as Investor / Professional / Self Employed or Residence Permit as Retired Non-Citizen (DELETE AS APPROPRIATE). I / My company (DELETE AS APPROPRIATE) undertake (s) to meet any expense or charge likely to be incurred for my maintenance, support or repatriation to my country of origin or residence. I / My company undertake (s) (DELETE AS APPROPRIATE) to meet any expense or charge likely to be incurred for the maintenance and/or support of my dependents and their repatriation to their country of origin or residence. Name in full:.. Tel No:.. Mobile Number: Fax No: Date:.. Signature:..

18 Traduction Anglais Français This document has been prepared to help french speaking person to better read the Application form for an Occupation Permit. This translation should be used as indicative only. The Board of Investment will not be liable for any misunderstanding of the translated portion. Ce document a été préparé pour aider les personnes qui parlent français à mieux lire le formulaire Demande de permis d'occupation. Cette traduction ne doit être utilisée qu'à titre indicatif. Le Board of Investment ne sera pas responsable pour toute méconnaissance de la partie traduite. English 1 Section 1 : Personal details of investor or expatriate worker to be recruited Traduction en Français Section 1: Les données personnelles de l'investisseur ou de professionnel expatrié à recruter 1.1 Surname Nom de famille 1.2 Given names Prénoms 1.3 Maiden Name (if any) Nom de jeune fille 1.4 Any previous names Autre Nom que vous utilisez ou sous lequel vous étiez connu 1.5 Gender Male Female 1.6 Marital Status Single Married Divorced Other Sexe Masculin Féminin État civil Celibataire Marié Divorcé Autre 1.7 Date of Birth Date de naissance Day month year Jour mois année 1.8 Place of birth Lieu de naissance 1.9 Present nationality Nationalité actuelle 1.10 Any other nationality held : Date acquired Autre Nationalité Date d'acquisition 1.11 Have you ever renounced any nationality? Yes No If yes, state which one and why? Avez-vous déjà renoncé à une nationalité? Oui Non Si oui, lequel et pourquoi? 1.12 Passport no Numéro de passeport 1.13 Issuing country Pays d'émission 1.14 Date of issue Date de délivrance 1.15 Date of expiry Date d'expiration 1.16 If you have any other document issued by your or any other government e.g residence permit etc, please give details: Si vous avez tout autre document de résidence émis par votre ou tout autre Gouvernement, par exemple permis de séjour, etc.

19 Type of document 1.19 Residential Address of your country of origin Tel no Fax no 1.20 Address of last place of residence, if different from above 1.21 Do you hold the right of re-entry into your: Country of origin Last place of residence Date of expiry of right 1.22 If No to any of the above, please give details: 1.23 Residential address in Mauritius Mobile no address 1.24 Have you previously worked in Mauritius (or currently working)? If Yes, please give details of (i) the current post and (ii) of the most recent one below Post held Company (name and address) Period From To Type de document Adresse de résidence de votre pays d'origine Numéro de Téléphone Numéro de télécopieur Adresse du dernier lieu de résidence, si différente de cidessus Détenez-vous le droit de réentrée dans votre: Pays d'origine Dernier lieu de résidence Date d'expiration du droit Si Non aux questions précédentes, fournissez des détails complémentaires : Adresse de la résidence à l'île Maurice Numéro Mobile Adresse courriel Avez-vous déjà travaillé à l'île Maurice (ou actuellement)? Si oui, donnez des détails sur (i) le poste actuel et (ii) le plus récent ci-dessous Fonction occupée Entreprise (Nom et adresse) Période De À 2 Section 2 Details of Employer/ Business Section 2 -Détails de l'employeur / l Entreprise 2.1 Name of company/societe, etc Nom de l'entreprise / societe, etc 2.2 Business address Adresse de l entreprise 2.6 Company incorporation No Numéro d incorporation de la société 2.7 Business Registration No Numéro d'enregistrement de l entreprise 3 Section 3 Security/ Health Questions (please tick as appropriate) 3.1 Have you ever been convicted of any crime in any country? 3.2 Is a criminal/ civil case pending against you in any country? 3.3 Are you suffering from any infectious or contagious disease? If the reply to any of the above questions is Yes, please give full details below, attaching relevant documents if any 3.4 Any additional information you wish to bring to the attention of the Occupation Permit unit? 4 Section 4: Declaration Section 4: Déclaration I/We declare that all the information given in this application form as well as in the attached documents is true and correct. Section 3 - Sécurité / Santé Questions (cochez la case appropriée) Avez-vous déjà été reconnu coupable d'un crime dans un pays? Avez- vous un dossier criminelle/ civile en cours contre vous dans n'importe quel pays? Souffrez-vous d'une maladie infectieuse ou contagieuse? Si la réponse à l'une des questions ci-dessus est oui, donnez des clarifications et attachez des documents pertinents Avez-vous des informations supplémentaires que vous souhaitez mettre à l'attention du «Occupation Permit Unit»? Je déclare/ nous déclarons que tous les renseignements fournis dans ce formulaire de demande ainsi que dans les documents joints sont véridiques et exacts. Je comprends/ Nous comprenons que faire une fausse

20 I/We understand that making a false statement is a serious offence and may lead to prosecution and cancellation of an Occupation Permit. Signature of investor/professional/selfemployed: Signature of employer (of the professional): déclaration constitue une infraction grave et peut entraîner des poursuites et l'annulation d'un permis d'occupation. Signature de l'investisseur / du professionnel / du professionnel indépendant: Signature de l'employeur (du professionnel): 5 Section 5 Undertaking Section 5 - Engagement To be filled and signed by the Employer of A être rempli et signé par l'employeur du professionnel the Professional This is to certify that. (NAME OF COMPANY) proposes to employ Mr /Mrs Ceci est pour certifier que... (NOM DE L'ENTREPRISE) propose d'employer M. / Mme / Mlle... (NOM DE / Miss. (NAME OF EMPLOYEE) of L'EMPLOYÉ) de nationalité en sa capacité de..., pour nationality in the capacity of, for a une durée de... mois / ans dans l'établissement situé à duration of months/years in the... sur les termes et conditions mentionnés dans le establishment situated at on the terms contrat ci-joint de l'emploi. Il / elle touchera un salaire and conditions mentioned in the enclosed contract of employment. He/she will de base de Rs... par mois. draw a basic salary of Rs a month. L Entreprise s'engage qu en matière d'emploi de The Company undertakes that, in respect l'expatrié mentionné ci-dessus, il s entreprend à toutes of employment of the above-named expatriate, it will meet any expense or charge likely to be incurred for the dépenses/ charges susceptibles d'être encourus pour la maintenance, le support ou le rapatriement du titulaire du permis d'occupation à son/ sa pays d'origine/ maintenance, support or the repatriation résidence en case de cessation du contrat de travail ou of the holder of the occupation permit to pour toute autre raison que ce soit. his/her/ country of origin / residence on Nom complet: termination of the contract of Désignation: employment or for any other reason whatsoever. Signature : Name in full: Sceau de l Entreprise : Designation: Signature Seal Company:

21 Application to Enter Mauritius form

22

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24 Checklist (Documents to be submitted together with Application form) 1. Investor 2. Dependents

25 Checklist Occupation Permit - Investor Form BOI Registration Form 1 st Application 2 nd Application (Renewal) Application form for Occupation permit Signed Undertaking Processing fee (Office Cheque / Bank draft) Personal Documents Passport details (Personal data page & last entry visa) Full birth Certificate Marriage certificate / Divorce Certificate Four recent identical colour passport sized photographs Medical Certificate Copy of Occupation Permit Business/ Work related document Business Registration Card Certificate of Incorporation Permits/Licences (GBL, Tourism Enterprise Licence, TEC etc.) Business Plan Investment (evidence of transfer of funds into the account of the company) *1 Shareholding structure at time of incorporation (consent of shareholder & director) *2 Number of Foreign & Local employees Note: *1: At time of renewal, the company should have made an annual turnover of MUR 4 million, as evidenced by the Mauritius Revenue Authority. For the last year under consideration, in case returns have not yet been filed at the MRA, audited accounts need to be submitted. *2: In case of change in shareholding structure, updated documents need to be submitted.

26 Checklist Dependent Forms 1st Application 2nd Application Application to enter Mauritius Form Signed Undertaking Processing fee (Office Cheque / Bank draft) Personal documents Passport (Personal data page & last entry visa page) Full Birth Certificate ( in English or French language) Marriage Certificate/ Divorce Certificate if applicable Four recent colour identical passport sized photos Medical certificate Copy of Occupation/ Work/ Residence Permit Letter of consent (from parents for dependent children certified by a competent authority) Certificate of good character * *Applicable for spouse of Retired non-citizens only

27 Other Documents 1) Template Business Plan 2) List of regulated activities 3) List of Banks in Mauritius 4) Template Bank Guarantee (for the main applicant) 5) Template Bank Guarantee (for the dependent) 6) List of Medical Laboratories 7) Private clinics in Mauritius 8) Template of Medical Certificate report

28 Template Business Plan Template Business plan In order to start a business in Mauritius, a foreign investor/self employed applying for a permit must provide the Board of Investment (BOI) with a document describing the venture he/she intends to create. This Business Plan is required to present a certain amount of information about the business divided into sections. This is a table recapitulating these sections and their significance relative to the business plan: Section Significance in the business plan (%) Executive Summary 15 Company Overview 5 Products or Services 10 Market Analysis 10 Management Team 10 Operating Strategies 10 Critical Risks 15 Cash Flow Statement 10 Income Statement 5 Balance Sheet 5 Funds Required / Used 5 Executive Summary It is a standalone overview of the business describing it in a clear, compelling and effective way. It must be able to be read in 5 minutes. Company Overview This section presents a vision, the history and the current status of the business. It also outlines the strategy and mission, as well as the goals and objectives set to realize it. Products or Services Presents the key features, technology, benefits, stage of development, intellectual property and competitive advantages of the products or services the business offers. Market Analysis Explains the industry trends and drivers, the target markets of the business and assesses the competitive environment. Management Team This section presents the organizational structure of the company along with the staff needs. It also includes a presentation of the top management team, with their CVs and roles, and the team history and dynamics. This section should highlight the adequacy of the team s skills and the objectives of the business.

29 Template Business Plan Operating Strategies In this section, the operating strategies are laid out: marketing, production, R&D, personnel, administrative and financial strategies. Critical Risks Identifies the major internal and external critical risks (financing, market, execution ), and viable plans to address them. Cash Flow Statement Plans out cash flows over a projected 5 year period, consistent with the strategies outlined above. Income Statement Expose a realistic and attractive income potential of the business activity. This projection has to be detailed for the first 2 years, then quarterly for years 3 to 5. Balance Sheet This section must include a projected balance sheet for 5 years, including working capital and fixed asset requirements and detailing the capital structure of the business. Funds Required / Used A clear and concise presentation of the amount, type, timing and use of funds gathered. This section should present a precise timeline with figures presenting the investment plan on 5 years for the business.

30 Regulated activities Regulated activities For a number of regulated activities, an application for the appropriate permit or licence must be made to the relevant authorities prior to start of operations. For such activities, please seek advice from the Board of Investment. List of Regulated Activities (not exhaustive) 1) Activities which require a licence from a regulatory body, for example: Banking Sector: Letter of no objection from Bank of Mauritius Global Business: GBC 1 License from FSC Freeport Activities: Freeport Certificate issued by BOI Tourism related activities: Letter of Intent or Tourism Enterprise Licence from Tourism Authority 2) Activities in the fisheries sector Letter of Intent from the Ministry of Fisheries 3) Dealer in scrap metal: Scrap Metal Exporter Licence from Ministry of Industry, Commerce & Consumer Protection Victualler: Trade Licence Security: PMO/Police Alcohol: MRA Newspaper/Publication: PMO Patent & Trademarks: MRA/MASA Copyright: MASA 4) Activities in the education sector/ Health sector Primary and Secondary : Ministry of Education Tertiary : Tertiary Education Commission registration/tec Registration Company Training centres/post Secondary: Mauritius Qualifications Authority registration 5) Forensic Medicine Professor M.D. (Forensic Med.) As Reader/ Associate Professor in Forensic Medicine for four years in a recognized medical college. Reader/Associate Professor M.D. (Forensic Med.) As Assistant Professor/ Lecturer in Forensic Medicine for five years in a recognized medical college.

31 Regulated activities Assistant Professor/ Lecturer M.D. (Forensic Med.) Three years teaching experience in the subject in a recognized medical college as Registrar /Demonstrator/ Tutor. 6) General Medicine Professor M.D. (Medicine) M.D.( General Medicine) As Reader / Associate Professor in General Medicine for four years in a recognized medical college. Reader/Associate Professor M.D. (Medicine) M.D.( General Medicine) As Assistant Professor /Lecturer in General Medicine for five years in a recognized medical college. Assistant Professor/ Lecturer M.D. (Medicine) M.D.( General Medicine) Three years teaching experience in the subject in a recognized medical college as Registrar/ Demonstrator/ Tutor. 7) Professional activities (Occupation Permit is given subject to the following being presented to BOI at most three months after issue of permit) Engineer : Registration with Council of Professional Engineerhttp:// Doctors: Registration with Medical Council Dentist: Registration with Dental Council Pharmacist: Registration with Pharmacy Board Lecturers: Registration with MQA/Medical Council / TEC 8) Acquisition of immovable property Approval by BOI and PMO 9) Acquisition of shares in company Approval by PMO Regulatory licence should be obtained prior to start of operations.

32 List of banks List of Banks in Mauritius ABC Banking Corporation Ltd Place D Armes, Port Louis Tel : (230) Fax : (230) info@abcbanking.mu Bank One Limited 16 Sir William Newton Street, Port Louis Tel : (230) Fax : (230) info@bankone.mu Bramer Banking Corporation Ltd 26, Bourbon Street, Port Louis Tel: (230) Fax: (230) osanassee@bramerbank.mu Habib Bank 30 Louis Pasteur Street Port Louis Tel : (230) Fax : (230) habib@intnet.mu AfrAsia Bank Limited Bowen Square, 10, Dr Ferrière Street, Port Louis Tel : (230) Fax : (230) afrasia@afrasiabank.com Banque des Mascareignes Ltée One Cathedral Square Level 8, 16 Jules Koenig Street, Port Louis Tel : (230) Fax : (230) serviceclient@bm.mu reignes.mu/ Century Banking Corporation Suite 405, 4th Floor, Barkly Wharf, Caudan Waterfront Tel : (230) Fax : (230) info@cbc.com.mu HSBC Bank (Mauritius) Limited HSBC Centre, 18, Cybercity, Ebene Tel: (230) Fax: (230) offshore@hsbc.co.mu Bank of Baroda Bank of Baroda Building, 22 Sir William Newton Street, Port Louis Tel : (230) / 05 Fax : (230) bobgen@intnet.mu Barclays Bank PLC Barclays House, 68, Cybercity, Ebene Tel : (230) Fax : (230) barclays.mauritius@barclays. com ica/mauritius / Deutsche Bank (Mauritius) Limited 4th Floor, Barkly Wharf East, Le Caudan Waterfront, Port Louis Tel : (230) Fax : (230) dbml.enquiries@list.de.com s/ Investec Bank (Mauritius) Limited 7th Floor, Harbour Front Building, President John Kennedy Street, Port Louis Tel : (230) Fax : (230) /3 infomru@investec.co.mu uritius

33 List of banks Mauritius Post and Cooperative Bank Ltd 1 Sir William Newton Street, Port Louis Tel : (230) Fax : (230) mpcb@mpcb.mu Standard Bank (Mauritius) Limited Medine Mews Building La Chaussee Street Port Louis Tel : (230) Fax : (230) hrmauritius@standardbank.c o.za u The Hongkong and Shanghai Banking Corporation Limited 6th Floor, HSBC Centre 18, Cyber City, Ebene Tel: (230) Fax: (230) hsbcmauritius@hsbc.co.mu P.T Bank Internasional Indonesia 5th Floor, West Wing Barkly Wharf, Le Caudan Waterfront, Port Louis Tel : (230) Fax : (230) bii@intnet.mu Standard Chartered Bank (Mauritius) Limited 6th Floor, Raffles Towers, Lot 19 Cybercity, Ebène, Tel : (230) Fax : (230) info.scbm@sc.com d.com/mu/ The Mauritius Commercial Bank Limited 9 15 Sir William Newton Street Port Louis, Mauritius Tel : (230) Fax : (230) mcb@mcb.co.mu SBI (Mauritius) Ltd 6th and 7th Floor, SBI Tower Mindspace, Bhumi Park, 45, Ebene Cybercity Tel: (230) Fax: (230) info@sbimauritius.com / State Bank of Mauritius Ltd State Bank Tower Queen Elizabeth II Avenue, Port Louis, Tel : (230) Fax : (230) sbm@sbm.intnet.mu Source: Bank of Mauritius, Mauritius Bankers Association November 2012

34 List of Laboratories List of Laboratories Name of Laboratory Address Tel. No. Fax No. 1. Apollo Bramwell Laboratory Royal Road Moka 2. Biomed Laboratory Royal Road Triolet 3. Biosystems Medical Le Tamaris Building Laboratory & Royal Road Diagnostics Centre Ltd. Grand Bay (Miss C. Sewraz) 4. City Clinic Laboratory Edgar Laurent St. Port Louis 5. Clinique de Lorette Laboratory 6. Green Cross Medical Laboratory & Diagnostic Centre (Dr. B. C. Gowreesunkur) 7. Hans Biomedical Laboratory (Mr Gopal Bhooshun) 8. Healthcheck Medical Laboratory Ltd 9. La Clinique Mauricienne Laboratory 10. Laboratoire Medical de Curepipe (Mr P. Babooa) 11. Laboratoire Medicale de Flacq (Biosanté) (Mr D. Seetiah) 12. Laboratoire Medical de Goodlands 13. Laboratoire de Quatre Bornes (Mr A.P. Daby) 14. Laboratoires Medicale des Villes Soeurs 15. Laboratoire Médical de St Pierre Higginson Ave, Curepipe , Royal Road Belle Rose La Salette Grand Bay , Georges Guibert Steet Curepipe Road Réduit Georges Guibert St Floréal Eastern College Lane Centre de Flacq Royal Road Goodlands La Louise, Medical Centre, Quatre Bornes Royal Road, Beau Bassin Buchoo Building Place de la Gare St Pierre

35 List of Laboratories Name of Laboratory Address Tel. No. Fax No. 16. Laboratoire Medical Ville Lumière 17. Lab Point Medical Laboratory 18. Medical Diagnostic Laboratory 19. Medical Laboratory Centre (Mr G.J. Rozar) 20. Medical Laboratory Services (Mr A.S. Lalloo) 21. Medicolab (Mr F.A. Soodeen) 22. Medisave Medical Centre Laboratory 23. Medical & Surgical Centre Laboratory (Fortis Clinique Darné) 24. Nouvelle Clinique Ferrière Laboratory (Laboratoire Medical D analyse) 25. Omnimed Laboratory Services 26. Promedica Diagnostic Laboratory Services (Mr I. Sheik Yousouf) 8a, Boulevard Victoria Curepipe 22, Jummah Mosque St., Port Louis 4 Shan E Islam Lane, Impasse Labourdonnais St, Port Louis Clinique du Bon Pasteur J. Mamet St, Rose Hill 3, Avenue des Glaieuls, Quatre Bornes , Dr Edouard Laurent St, Port Louis 29, St Jean Road Quatre Bornes Georges Guibert St, Floreal Gajadhur Lane, Curepipe , Manilall Doctor Street, Solferino, Vacoas 1stFloor, Labourdonnais Court, Labourdonnais St, Port Louis 27. Sky Labs Ltd Royal Road La Louise Quatre Bornes 28. St Jean Clinic Laboratory Royal Road Belle Rose 29. The Medical Laboratory 3 Inkerman St, (Dr C.S. Senevrayar) Rose Hill 30. Twinmed Laboratory John Kennedy Avenue, Vacoas Source: Ministry of Health and Quality of Life. April 2013

36 Private clinics in Mauritius Private clinics in Mauritius Apollo Bramwell Hospital Reduit, Moka Tel: (230) Fax : (230) info@apollobramwell.com Clinique de L'Occident Royal Road, Flic en Flac Tel : (230) cdn@intnet.mu City Clinic Sir Edgar Laurent St, Port Louis Tel : (230) Fax : (230) drpcwc@intnet.mu La Clinique Mauricienne Reduit, Moka Tel : (230) Fax : (230) raoappanah@gmail.com Nouvelle Clinique du Bon Pasteur Mgr J. Mamet St, Rose Hill Tel:(230) Fax : (230) info@bonpasteur.net St Jean Clinic Royal Road, Belle Rose Tel: (230) Fax : (230) stjeanclinic@gmail.com Candos Clinic Opposite Victoria Hospital, Quatre Bornes Tel : (230) Fax : (230) drsnagafrcs@yahoo.com Clinique Du Nord 81, Royal Road, Tombeau Bay Tel : (230) cdn@intnet.mu Clinique de Grand Baie Sottise Road, Grand Bay Tel : (230) gbmdc@intnet.mu Fortis Clinique Darne Georges Guibert St Floreal Tel : (230) Fax : (230) clinique@cliniquedarne.com Nouvelle Clinique Ferriere College Lane, Curepipe Tel : (230) Fax : (230) info@nouvellecliniqueferriere.com St Patrick's Clinic Blueshell Complex, Royal Road, Flic en Flac Tel: (230) Fax : (230) stpatrickclinic@orange.mu Centre Medical du Nord Royal Road, Pointe au Canonniers Tel : (230) Fax : (230) cmdunord@intnet.mu Chisty Shifa Clinic 4, Shan-E-Islam Street, Impasse Labourdonnais, Port Louis Tel : (230) Fax : (230) c.shifaclinic@yahoo.com Clinique de Lorette Higginson Avenue, Curepipe Tel : (230) Fax : (230) sec.clilo@intnet.mu Medisave Medical Centre 29, St Jean Road, Quatre Bornes Tel: (230) Fax : (230) hcisgm@intnet.mu Stella Maris clinic Trois Boutique Lane, Triolet Tel : (230) Fax : (230) smctriolet@gmail.com St Esprit clinic C/r Stevenson & Naz Avenue, Quatre Bornes Tel : (230) Fax : (230) st.esprit.clinic@intnet.mu

37 Private clinics in Mauritius Dentcare Ltd Beau Plateau Road, Le Village Labourdonnais, Mapou Tel : (230) Fax : (230) dentcare@intnet.mu Challeng' Hair Ltd Avenue des Rougets, Morc Jhuboo, Trou aux Biches Tel : (230) Fax : (230) info@calvitie.net Harley Street Fertility Centre Ltd C/o Clinique Darne, Geores Guibert Street, Floreal Tel : (230) Fax : (230) hsfcmauritius@intnet.mu Dr Agarwal's Eye Care Centre Cent Gaulettes Street, Mahebourg Tel: (230) Fax : (230) mauritius@dragarwal.com Les Mariannes Wellness Clinic Congomah Tel: (230) Fax : (230) doctor@lesmariannes.com International Center of Plastic and Cosmetic Surgery Dr Mayer Street, Floreal Tel: (230) Fax : (230) gcrepet@intnet.mu Dr Agarwal's Eye Hospital 81, Royal Road, Tombeau Bay Tel: (230) Mauras College of Dentistry & Hospital & O.R Royal Road, Arsenal, Pamplemousses Tel: (230) Fax : (230) admin@maurascollege.org

38 MEDICAL CERTIFICATE (To be filled by a Registered Medical Practitioner in Mauritius) 1. PERSONAL DETAILS Reference No. Surname Other Names Date of Birth / / Sex Nationality Passport No. Occupation In Mauritius Address Tel No. Address in Country of Origin 2. MEDICAL EXAMINATION General Medical Examination Cardiovascular System Respiratory System Alimentary System Urinary System Central Nervous System Past Medical History (if any, please give details) Fax No. 3. INVESTIGATIONS Hepatitis B Surface Antigen Test (attach report) HIV test (attach report) Chest x-ray (attach radiologist s report) Lymphatic Filariasis (attach report) (See Note 1) Leprosy (attach report) (See Note 2) Any other investigation: 4. REMARKS: *(Please tick appropriate box below) I hereby certify that this applicant IS IS NOT suffering from any infectious or communicable disease. Full Name of Doctor Address Tel No. Fax No. Signature Date / / Seal (For further details, please see overleaf)

39 Medical Certificate All non citizens are required to do a set of compulsory medical tests as set out below: List of medical tests required: 1) Blood tests for: a. Haemoglobin and Full Blood Count; b. Hepatitis B Surface Antigen; c. Anti HIV screening test for AIDS; d. VDRL test e. Urine tests for albumin and sugar; f. Stool test for parasites; g. Chest x ray h. Lymphatic Filariasis i. Leprosy 2) Leprosy test is restricted to Indians only, where the consulting Doctor should add on the Medical Certificate that the person is not suffering from Leprosy. 3) Lymphatic Filariasis test is required only to foreigners COMING FROM: India, Bangladesh, Madagascar, Bresil, Comores, Ivory Coast, Ghana, Indonesia, Kenya, Mozambique, Nepal, Nigeria, Philippines, Tanzania, Uganda & Vietnam. Out of these tests, the following three tests should compulsorily be done in Mauritius: (i) Hepatitis B Surface Antigen, (ii) HIV and (iii) Chest x ray. These tests may be done at any private local medical laboratory or clinic registered with the Ministry of Health and Quality of Life. Indicative list of private clinics and laboratories are annexed. The remaining tests may be done in the applicant s country before coming to Mauritius or in Mauritius itself. Some key notes: All the tests results should be submitted to a local doctor who will issue a medical certificate after an examination. The medical certificate and the reports for the three tests done in Mauritius (HIV, Hepatitis B Surface Antigen and chest x ray) must be submitted at time of application. No application for Occupation Permit will be accepted if there is evidence that the applicant is suffering from any infectious or contagious disease. Medical tests should have been done no longer than six months before date of submitting an application; The chest x ray should be sign by a radiologist Children who are below 12 years will have to submit a Medical Certificate after undergoing a clinical examination. Appropriate medical investigations including a Chest x ray and blood test should be carried out only if required by the doctor.

40 Location plan Board of Investment HQ and Occupation Permit Unit