Mauritius
Investment Promotion Act
Act 42 of 2000
- Commenced on 30 December 2000
- [This is the version of this document at 30 June 2017.]
Part I – Preliminary
1. Short title
This Act may be cited as the Investment Promotion Act.2. Interpretation
In this Act —"application" means an application for an IHS certificate, PDS certificate or SCS certificate under section 16 or a freeport certificate under section 18A;"Board" means the Board referred to in section 4;"Board of Investment" means the Board of Investment established under section 3;"Chairperson" means the Chairperson of the Board appointed under section 4;"employee" means an employee of the Board appointed under section 19;"freeport certificate" means a freeport certificate issued under Part III of the Freeport Act;"freeport zone" has the same meaning as in the Freeport Act;"Fund" means the General Fund established under section 21;"investor"—(a)means any person carrying on or intending to carry on any economic activity and satisfying the criteria referred to in item 1 of Part I of the Schedule; and(b)includes—(i)a person who is not a citizen of Mauritius; or(ii)an association or body of persons, whether corporate or incorporate, the control or management of which is vested in persons who are not citizens of Mauritius,and registered as such under this Act; but(c)does not include a small enterprise or handicraft enterprise registered under the Small and Medium Enterprises Development Authority Act;"IHS certificate" means an Invest Hotel Scheme certificate issued under the Invest Hotel Scheme prescribed under this Act;"local authority" has the same meaning as in the Local Government Act;"Managing Director" means the Managing Director of the Board of Investment appointed under section 10;"member"—(a)means a member of the Board; and(b)includes the Chairperson;"Minister" means the Minister to whom responsibility for the subject of finance is assigned;"occupation permit" has the same meaning as in the Immigration Act;"PDS certificate" means a Property Development Scheme certificate issued under the Property Development Scheme prescribed under this Act;"permanent residence permit" has the same meaning as the Immigration Act;"permit authority" has the same meaning as in the Planning and Development Act;"Permits and Business Monitoring Committee" has the same meaning as in the Local Government Act;"professional" means a non-citizen who is employed in Mauritius by virtue of a contract of employment and registered as such under section 12;"public sector agency" includes any Ministry or Government Department, local authority or statutory body;"qualifying activity"—(a)means any activity regulated by the enactments specified in Part II of the Schedule; and(b)includes any activity specified in Part IV of the Schedule;"registration certificate" means a certificate issued under section 12;"relevant permit" includes any licence, approval or other authorisation required from a public sector agency under any enactment in respect of a qualifying activity;"retired non-citizen" means a retired non-citizen registered as such under section 12;"SCS certificate" means a Smart City Scheme certificate issued under the Smart City Scheme prescribed under this Act;"self-employed person" includes a non-citizen engaged in a professional activity and registered as such under section 12;"technical committee" means a technical committee set up under section 14.[S. 2 amended by s. 4 (a) of Act 29 of 2004 w.e.f. 1 December 2004; s. 25 (2) (a) of Act 43 of 2004 w.e.f. 1 January 2005; s. 37 (1) (a) of Act 20 of 2005 w.e.f. 17 June 2005; s. 6 (a) of Act 21 of 2006 w.e.f. 1 October 2006; s. 18 (a) of Act 17 of 2007 w.e.f. 22 August 2007; s. 23 (a) of Act 14 of 2009 w.e.f. 30 July 2009; s. 13 (a) of Act 26 of 2012 w.e.f. 22 December 2012; s. 31 (a) of Act 9 of 2015 w.e.f. 14 May 2015.]Part II – The Board of Investment
3. Establishment of Board of Investment
4. The Board
5. Objects of Board of Investment
The objects of the Board of Investment shall be to—6. Functions of Board of Investment
The Board of Investment shall have such functions as, in its opinion, are necessary to further most effectively its objects, and in particular to—7. Powers of Board of Investment
The Board of Investment may—8. Meetings of Board
9. Powers of Minister
9A. Establishment of e-licensing system
10. The Managing Director
10A. Powers of Managing Director
Notwithstanding any other enactment, the Managing Director may, where required under this Act, register an applicant or issue a relevant permit, licence, authorisation or clearance on behalf of a public sector agency.[S. 10A inserted by s. 29 (a) of Act 18 of 2016 w.e.f. 7 September 2016.]11. Delegation of powers
Part III – Registration with Board of Investment
[Part III repealed and replaced by s. 6 (d) of Act 21 of 2006 w.e.f. 1 October 2006; amended by s. 31 (b) of Act 9 of 2015 w.e.f. 14 May 2015; s. 29 (b) of Act 18 of 2016 w.e.f. 7 September 2016.]12. Registration
12A. Monitoring compliance
13. ***
[S. 13 repealed and replaced by s. 6 (d) of Act 21 of 2006 w.e.f. 1 October 2006; repealed by s. 10 (a) of Act 1 of 2009 w.e.f. 2 February 2009.]14. ***
[S. 14 repealed and replaced by s. 6 (d) of Act 21 of 2006 w.e.f. 1 October 2006; repealed by s. 18 (b) of Act 17 of 2007 w.e.f. 22 August 2007.]15. Deregistration of persons
Part IV – IHS certificate, PDS certificate, SCS certificate and freeport certificate
[Part IV repealed and replaced by s. 6 (d) of Act 21 of 2006 w.e.f. 1 October 2006; heading repealed and replaced by s. 18 (c) (i) of Act 17 of 2007 w.e.f. 22 August 2007; amended by s. 23 (c) of Act 14 of 2009 w.e.f. 30 July 2009; s. 31 (d) of Act 9 of 2015 w.e.f. 14 May 2015.]16. Application for IHS certificate, PDS certificate or SCS certificate
17. Technical Committee
18. Issue of IHS certificate, PDS certificate or SCS certificate
Where the Board considers that the investor has satisfied the requirements of the Invest Hotel Scheme, Property Development Scheme or Smart City Scheme prescribed under this Act for the issue of an IHS certificate, a PDS certificate or a SCS certificate, it shall, within 30 days of the date of receipt of the application under section 16, approve the scheme and issue an IHS certificate, a PDS certificate or a SCS certificate on such terms and conditions as the Board may determine.[S. 18 repealed and replaced by Act 29 of 2004; s. 6 (d) of Act 21 of 2006 w.e.f. 1 October 2006; amended by s. 18 (iv) of Act 17 of 2007 w.e.f. 22 August 2007; s. 23 (f) of Act 14 of 2009 w.e.f 30 July 2009; s. 31 (g) of Act 9 of 2015 w.e.f. 14 May 2015.]18A. Application for freeport certificate
Part IVA – Business facilitation and public-private partnership
[Part IVA inserted by s. 6 (d) of Act 21 of 2006 w.e.f. 1 October 2006.]18B. Facilitation by Board of Investment
18C. Public-private partnerships
Notwithstanding the Public-Private Partnership Act, the Board of Investment may act as a coordinator and facilitator between the Public-Private Partnership Unit and the private sector for the assessment of a public-private partnership project, its implementation, development and monitoring.[S. 18C inserted by s. 6 (d) of Act 21 of 2006 w.e.f. 1 October 2006.]18CA. BOI One-Stop Shop for enterprises which have project value exceeding 20 million rupees
18D. Investment Projects Fast-Track Committee
18E. ***
[S. 18E inserted by s. 26 (a) of Act 27 of 2013 w.e.f. 21 December 2013; repealed by s. 31 (k) of Act 9 of 2015 w.e.f. 14 May 2015.]18F. Examination by IPFTC
18G. Interpretation in this Part
In this Part—"investment project" means a project in respect of an investment referred to in item 1, 1A, 1B or 2 of Part I of the Schedule;"Investment Projects Fast-Track Committee" or "IPFTC" means the Investment Projects Fast-Track Committee referred to in section 18D.[S. 18G inserted by s. 26 (a) of Act 27 of 2013 w.e.f. 21 December 2013; amended by s. 31 (m) of Act 9 of 2015 w.e.f. 14 May 2015.]Part IVB – Regulatory Sandbox licence
[Part IVB inserted by s. 29 (e) of Act 18 of 2016 w.e.f. 20 October 2016.]18H. Application for Regulatory Sandbox licence
18I. Consultations with public sector agency
18J. Determination of application
18K. Issue of Regulatory Sandbox licence
18L. Monitoring of business activity
The Managing Director shall monitor any business activity in respect of which a Regulatory Sandbox licence has been issued and ensure that a licensee complies with the conditions of the licence.[S. 18L inserted by s. 29 (e) of Act 18 of 2016 w.e.f. 20 October 2016.]18M. Suspension or revocation of Regulatory Sandbox licence
Part V – Administration
19. Appointment of employees
20. Conditions of service of employees
The Board may make provision, in such form as it may determine, to govern the conditions of service of employees and, in particular, to deal with—21. General Fund
22. Disclosure of interest
23. Confidentiality
24. Cessation or transfer of business
Where a holder of a certificate under this Act or the Freeport Act—25. Use of computer system
Part VI – Miscellaneous
26. Protection from liability
No liability, civil or criminal, shall lie against any member, a technical committee or the Managing Director or any employee of Investment in respect of any act done or omitted to be done by the member, employee or the Board of Investment in the execution, in good faith, of his or its functions under this Act.27. Offences and penalties
28. Regulations
28A. Investment Promotion and Protection Agreement
28B. Savings
29. ***
30. ***
31. ***
32. ***
History of this document
30 June 2017 this version
Consolidation
30 December 2000
Commenced