Economic Development Board Act 2017, Premium Investor Scheme
In forceEconomic Development Board Act 2017 (Act No. 11 of 2017), s. 14A (Premium Investor Scheme)
Applies to both
The Economic Development Board Act 2017 established the Economic Development Board and repealed the Investment Promotion Act and Part XIA of the Financial Services Act, consolidating Mauritius's investment-promotion functions. Section 14A creates a Premium Investor Scheme to promote emerging sectors, pioneering industries, first movers, and innovative technologies, among other listed categories.
A qualifying project must involve a minimum investment of 500 million rupees in one of those categories, or fall within specified pharmaceutical, medical-device, renewable-energy-material manufacturing, or research-laboratory projects, and must comply with the Board's guidelines to receive a Premium Investor Certificate.
The Act's Third Schedule also carries forward a Smart City Scheme from the repealed Investment Promotion Act, but the sources examined do not describe that scheme's own siting or permitting terms.
The Act generally commenced by proclamation from 7 August 2017, with the investment certificate and scheme provisions commencing 15 January 2018 under a later proclamation, but the sources examined do not confirm the specific date section 14A itself was inserted, since it was added by a subsequent amendment.
Source: Full text of law