Mauritius Residency

Mauritius, renowned for its equatorial climate and stunning habitats, is attracting global attention with its vibrant economy and enticing tax policies. The Mauritius Residence by Investment Plan offers a swift pathway to residency for investors in the local real estate market, with a processing time of six to eight months. Ranked 13th on the 2023 Worldwide Residence Scheme Index, the Mauritius Investor Visa Scheme is highly regarded among 26 schemes worldwide. Situated in the Indian Ocean, Mauritius is celebrated for its UNESCO World Heritage Sites and natural wonders, making it a coveted destination for residents and visitors alike. The nation’s multi-ethnic society, influenced by Asian, British, Chinese, Indian, and French ancestry, adds to its cultural richness and diversity.

Processing Time

Six (6) to eight (8) months

Investment Requirement

Minimum of $375,000 USD of real estate investment

Key Benefits of the Mauritius Residency by Investment

• Advanced, open, and properly governed global financial hub
• Achieved a top 20 ranking among nations for business convenience
• Stability in politics, society, and the economy
• Globally renowned schools and colleges
• Protected and guarded surroundings with constant tropical weather
• Provide dwellings suitable for the entire family, including spouses, parents, and dependent children under 24 (natural, step, or adopted), with no employment permitted in Mauritius without a valid work permit.

The Mauritius Residency by Investment Requirements

The Mauritius Citizenship by Investment Program requires foreign investors to acquire high-end residential real estate valued at a minimum of USD 375,000 from a selection of six property projects.

• The Integrated Resort Scheme (IRS)

Villas, townhouses, penthouses, apartments, duplexes, and services plots of land exceeding 10 hectares

• The Real Estate Scheme (RES)

Lesser in size compared to IRS units and constructed on freehold land not exceeding 10 hectares.

• The Property Development Scheme (PDS)

Implement integrated projects that provide social benefits to the neighboring community, while enforcing stringent environmental regulations and prioritizing ecological preservation.

• The Invest Hotel Scheme (IHS)

Investors have the option to reside in either new or existing hotel units for up to 45 days within a 12-month period.

• The Smart City Scheme (SCS)

Eco-conscious and sustainable living, working, or recreational areas designed to produce their own energy and water resources, offering cutting-edge connectivity, establishing efficient modern transportation, and alleviating traffic congestion.

• The Ground + 2 Apartment Scheme (G+2)

Situated within condominium developments consisting of a minimum of two levels above ground.

Alternatively, applicants can choose one of the following qualifying options for 20-year permanent residence. These options are designed for:

• General investors (shareholders or directors of a company in Mauritius): The initial transfer of $50,000 for a business venture that generates a cumulative revenue over a preliminary residency period of 10 years.
• High-technology investors (shareholders or directors of a company in Mauritius): Beginning investment of $50,000 in advanced machinery and equipment for a business endeavor that yields aggregated revenue, spanning a 10-year initial residency duration
• Innovative Start-up Investors: Start with an initial investment of USD 40,000 and dedicate at least 20% of expenditures to research and development. Alternatively, join a Mauritian-accredited incubator and maintain a minimum operational spending of 20% throughout a 10-year initial residency period.
• Professional Investors (expatriates employed in Mauritius by contract): A monthly basic salary, ensuring a minimum value of around USD 1,400 (approximately USD 700 in the ICT sector), for the duration of a 10-year initial residence period.
• Self-Employed Investors (in the services sector and registered under the Business Registration Act 2002): Transfer an initial sum of USD 35,000 to a local bank account in Mauritius, maintaining this investment throughout a 10-year initial residence period.
• Retired Non-Citizen Investors (50 years or over): Initiate a monthly transfer of at least USD 1,500 to a local bank account in Mauritius, ensuring this arrangement persists throughout a 10-year initial residence period (or totaling USD 54,000 over the three-year residence period).

Procedures and Time Frame

To enroll in the program, applicants must complete the designated forms and include the requisite fees. Additionally, they must provide supporting documentation, such as a recent certificate of good conduct and a current medical certificate confirming their freedom from contagious diseases.

The real estate investment must be upheld for the duration of the residence permit and financed using external funds transferred to Mauritius through a bank recognized by the Bank of Mauritius.

Upon completion of initial due diligence assessments, applicants may select their desired property. Subsequent to obtaining preliminary approval and fulfilling the investment requirements, the application for residency can be submitted to the Economic Development Board of the Republic of Mauritius. Upon successful completion of due diligence procedures, the applicant and their family members, including spouses or partners, parents, and financially dependent unmarried children (including stepchildren and adopted children) of any age who are not employed, will receive Mauritian residence permits.

If you would like to learn more about the Mauritius Residency by Investment Program, please don’t hesitate to contact us at Tsavorite as we would love to connect with you.