RESOURCES

FAQ
  • What are the fees applicable for a lease request?

    Each lease request attracts fees, some of which are charged by the lessor and others are imposed by regulatory bodies (Registrar General, NTA, …) A Facility Fee of 1% is charged by the lessor for each lease request and a registration fee + stamp duty is charged by the Registrar General for the registration of the lease contract.

  • What is the maximum period for a lease?

    For new vehicles:

    • 5 years with a minimum deposit equivalent to the VAT amount
    • 7 years with a minimum deposit of VAT + a minimum deposit of 10% of the value of the vehicle

    For second hand/reconditioned vehicles:

    • 4 years for vehicles registered since 5 years
    • 5 years for vehicles registered since 4 years
  • What are the documents I need to provide when purchasing a second-hand vehicle?

    For Individual:

    • ID card recto-verso of vendor
    • Copy of horse power of vehicle
    • Letter of intent from vendor

    For Corporate:

    • Certificate of Incorporation
    • BRN and VAT number if applicable
    • Letter of intent from vendor
    • ID card recto-verso of Directors

    NB: Please refer to the full list of documents detailed on this website for an individual or corporate lease application.

  • How should I insure the leased asset?

    It is compulsory that each leased asset is insured under a full comprehensive cover for its full value during the whole lease period. Depending on the type of asset leased, a specific insurance cover may be requested.

MORE FAQ’S

FAQ's
USEFUL LINKS

The following links may be helpful if you would like to better understand the current Mauritian regulatory and monetary environment.

Useful links
APPLY FOR LEASE