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Living In Mauritius While Having A Limited Company In The UK

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homefarm

Hi,

I'm currently considering a move to Mauritius for around a year at first with a view to potentially staying for a longer period.

I currently have a few different sources of revenue, one of which being a limited company. With the company being in the UK my understanding is that it'll still have to pay taxes there unless I dissolve it an re set up in Mauritius. As I'm not sure how permanent my move to Mauritius will be, I'm reluctant to do this at the moment.

In terms of Mauritian tax laws, I've read that funds earned abroad are only subject to tax in Mauritius if they are received in the country. Does anyone know what this means, into a Mauritian bank account or is it the case that you just have to spend said funds in Mauritius for them to be taxable (eg. the money is located in a UK bank account but you withdraw and spend money from said account in Mauritius)?

My current thought is to use my sole trader revenue (a separate business venture) while in Mauritius and leave the earnings from the limited company untouched in the UK.

Has anyone gone through anything similar in the past or can anyone point me in the direction of professional advice? At the moment I'm just looking to get a rough idea on how this would work before I commit to a move to Mauritius (via the premium visa).

See also

Banking services in MauritiusWise money account and EDBOTP's on Overseas SimTransfer of funds from ZAState pension in Mauritius
homefarm

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Anou86

Hi Homefarm,

Maybe you could contact the MRA and expose your case, they might shed the light on your queries.
https://www.mra.mu/index.php/individuals/foreign-income

The EDB has some FAQ as well on taxation, maybe you could reach out to them : https://residency.mu/live/mauritius-premium-visa/

Sorry can't help you with precise information, hopefully a member will be able to answer some of your questions.

All the best,
Anou

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