Mauritius removed from the OECD’s list of countries operating potential high-risk Residence/Citizenship by Investment Schemes
The Economic Development Board of Mauritius (EDB) released a statement on the 16th of October 2018 informing the general public and the international investor community that Mauritius has been removed from the initial list of countries published by the OECD. The OECD initially raised concerns on the potential misuse of the Occupation Permit and Permanent Residence Permit schemes of Mauritius. According to the OECD, the list has the sole purpose to act as a guidance and provide financial institutions with the right framework to identify accountholders that may misuse residence or citizenship schemes to circumvent the Common Reporting Standard (CRS) for tax residency purposes.
The OECD concluded that “these schemes do not give rise to particular risks to the integrity of the CRS” following consultations between the Government of Mauritius and the OECD, and taking into account the additional information and commitment provided by Mauritius regarding the exchange of information for its Occupation Permits and Permanent Residence Permits. The Government of Mauritius confirmed that it is committed to ensuring compliance with the OECD and other international standard-setting organizations.
Please click HERE to access the updated list.