Residency by investment in Mauritius offers unparalleled opportunities for global business ventures. Mauritius welcomes foreign capital, talents, and innovative ideas with open arms, making it an ideal destination for expanding investments and conducting business operations in Africa, the Middle East, and Asia.
The residency permit in Mauritius extends eligibility to the spouse or common-law partner of the permit holder of the opposite sex. Additionally, the parents of the permit holder are also eligible to obtain the permit.
Furthermore, unmarried children, including stepchildren or lawfully adopted children, who are financially dependent on their parents and not engaged in any gainful activity, can also obtain the permit.
Residency permit holders are granted the privilege of living in Mauritius throughout the year without any minimum stay requirement. Moreover, they are exempted from the obligation to hold an occupational or work permit to invest and work in Mauritius. This allows permit holders to freely engage in employment across various sectors.
In terms of property ownership, residency permit holders have the freedom to purchase properties in Mauritius, including bare land, outside of the schemes reserved exclusively for non-citizens, subject to certain conditions. This provides permit holders with opportunities for real estate investment and ownership in the country.
Mauritius offers a secure and peaceful lifestyle, providing residents with a sense of safety and well-being. One notable advantage is the absence of property or housing tax, capital gains tax, and inheritance tax, ensuring financial ease and flexibility for individuals.
Moreover, Mauritius has established double taxation agreements with over 40 countries, including notable nations like France, South Africa, and Luxembourg, among others, promoting favorable taxation for international transactions.
The country boasts political and social stability, creating a conducive environment for personal and professional growth. Its hybrid legal system, influenced by both French and English laws, ensures a robust and reliable legal framework. Furthermore, Mauritius presents excellent prospects for rental returns and capital growth, making it an attractive destination for investment.
Residents of Mauritius enjoy access to top-quality medical care, guaranteeing comprehensive healthcare services. The presence of international schools and universities ensures that education is of the highest standard, catering to the diverse needs of students.
Lastly, Mauritius boasts a tropical climate throughout the year, allowing residents to relish in the beauty of its natural surroundings and enjoy pleasant weather.
With a solid reputation as a well-regulated center, Mauritius prioritizes the confidentiality and privacy of individuals involved in legitimate business activities.
Express provisions and customary laws govern the relationships between banks and customers, as well as professionals and clients, ensuring guaranteed confidentiality. This commitment to protecting the interests and privacy of investors and entrepreneurs further enhances the appeal of Mauritius as a destination for residency by investment.
Mauritian Creole ( a French-based Creole)
Investors interested in investing USD 50,000 can avail themselves of a renewable 10-year residency permit in Mauritius by following the steps outlined below:
1.Obtain Approval-in-principle from the Economic Development Board of Mauritius.
2.Incorporate a company in Mauritius under the Companies Act 2001.
3.Open a Mauritian bank account for the newly incorporated company.
4.Transfer USD 50,000 (along with USD 7,500 for processing fees) into the company’s Mauritian bank account.
Apply for the Investor Residency Permit.
Receive the Residency Permit upon approval.
It is important to note that holders of the residency permit have the flexibility to engage in other business activities within the same company. This provision allows investors to explore additional entrepreneurial ventures while enjoying the benefits of their residency status in Mauritius.
The holder of the residency permit has the opportunity to renew their Residency Permit upon its expiry, subject to meeting certain criteria. Specifically, the company associated with the permit holder must have achieved a minimum gross income of MUR 4 million (approximately USD 100,000) annually, starting from the third year of registration.
In addition, the residency permit holder is eligible to apply for a Permanent Residence Permit, which is valid for 20 years. This application can be made after a minimum of 3 years of residency. To qualify, the applicant must meet either of the following requirements:
1. Maintain an annual gross income of at least MUR 15 million (approximately USD 375,000) for three consecutive years prior to the Permanent Residence Permit application.
2. Achieve an aggregate turnover of MUR 45 million (approximately USD 1,125,000) over any consecutive period of three years preceding the Permanent Residence Permit application.
These criteria provide pathways for the residency permit holder to attain long-term residency and potentially permanent residency status in Mauritius, based on their business’s financial performance and contribution to the local economy.
To apply for the program, interested individuals must complete the designated application forms and submit them along with the necessary fees. Supporting documents, such as a recent certificate of good conduct and a recent medical certificate affirming the applicant’s freedom from contagious diseases, are also required.
The real estate investment made by the applicant must be maintained throughout the duration of the residence permit. The investment should be financed using external funds transferred to Mauritius through a bank authorized by the Bank of Mauritius.
Upon completing the initial due diligence checks, the applicant is given the opportunity to select their preferred property. Once the approval in principle has been granted and the investment requirements have been met, the applicant can proceed to submit their residence application to the Economic Development Board of the Republic of Mauritius. Following a successful due diligence process, the applicant, along with their eligible family members, is granted a Mauritian residence permit.
Eligible dependents include spouses or partners, parents, and unmarried children (including stepchildren and adopted children) of any age who are financially dependent and not engaged in any gainful occupation.