Banking Solutions

Intercontinental Trust Limited :Services :Banking Solutions

Banking Solutions

Whether you need a personal bank account, a corporate bank account for your Mauritian structure or a bank account in Mauritius for your foreign company, ITL can provide an Eligible Introducer Certificate and facilitate the bank account opening process.

Mauritius has one of the most sophisticated financial systems in Africa. With its stable economy, favourable tax regime, and strong reputation in the international financial community, Mauritius offers a range of benefits for those looking to open an offshore bank account.
With 19 local and international banks offering a wide array of services to corporate, institutional and private clients, the Mauritius banking industry has many proven strengths that have contributed to its success to date. Some of the biggest and most reputable international banks are present in Mauritius and are actively carrying out cross-border banking transactions daily. Strategically located at the crossroads of Asia and Africa, Mauritius has been channelling investments for decades, supported by one of the most business-friendly and stable economies in the region.

Work & Residence Permit

An Occupation Permit (“OP”) allows a foreign national to reside and work in Mauritius. It is both a work and residence permit. The foreign national may apply for an Occupation Permit under three categories: As an investor, a professional or a self-employed person. A foreign national, irrespective of nationality but having reached the age of at least 50, can also retire in Mauritius by applying for a Residence Permit (“RP”) as retired non-citizen.

Each category of OP is subject to certain criteria and conditions. For more information about the various types of OP, please feel free to contact us.

Property Rental & Purchase

Mauritius offers an exceptionally safe and pleasant environment to live in. Luxury apartments, fully furnished villas and beach front residences are available for rent and purchase over the island at a competitive price.
Moreover, non-citizens may also obtain residence permits in Mauritius through the acquisition of residential property worth over USD 500,000 under the Property Development Scheme (now regrouping the Integrated Resort Scheme and the Real Estate Scheme) and the Smart City Scheme.
As from December 2016, apartments in Ground+2 complex can be acquired by foreigners for a minimum amount of Mur 6m (i.e. circa USD 183k)

ITL can help you in finding suitable accommodation for you and your family. Please write to us for more information.

Office Set-up

For clients wishing to set up an office in Mauritius, we can assist on various fronts:

  • Assistance in finding the appropriate office space
  • Recruitment Services and HR support
  • Application of the relevant occupation permits
  • Payroll Services
  • Registration of the Company with the relevant Government Bodies for National Pension Scheme (NPS); Pay As You Earn (PAYE) and Data Protection Office
  • VAT registration and filing
  • Annual statutory filing with relevant bodies

Family Relocation

ITL can assist you, your family and pets to relocate to Mauritius. In fact, we will submit the application on your behalf and will complete all formalities with regard to Occupation Permits and Residence Permits for the family, assist you in finding the appropriate accommodation based on your needs and preferences. We will also establish contacts with local cargo agents for customs clearance of furniture/new materials and liaise with the relevant authorities for the import of your pets

It is interesting to note that children of Occupation Permits and Residence Permits holders will be automatically granted Residence Permits up to age of twenty-four.

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