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Press Communique - Mauritius removed from the OECD’s list of countries operating potential high-risk Residence/Citizenship by Investment Schemes, published on the 16th of October 2018

The Economic Development Board of Mauritius (EDB) is 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.

The sole purpose of the OECD’s list is 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.

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 OECD has concluded that these schemes do not give rise to particular risks to the integrity of the CRS.

The OECD’s guidance has been updated accordingly, and can be accessed here: https://www.oecd.org/tax/automatic-exchange/crs-implementation-and-assistance/residence-citizenship-by-investment/

The Government of Mauritius is committed to ensuring compliance with the OECD and other international standard-setting organizations.

For more information on the Mauritius International Financial Centre, please contact the EDB’s Financial Services Division on +230 401 1200 or finserv@edbmauritius.org

23 October 2018

Economic Development Board