Mauritius, celebrated for its delightful tropical climate, rich multicultural heritage, and stunning living environments, has also gained prominence for its dynamic economy and attractive tax regimes. These factors have elevated the island nation’s global appeal, drawing high-net-worth individuals and families worldwide. The Mauritius Residence by Investment Program offers an efficient route to residency, allowing individuals who invest in the country’s real estate market to become residents within six to eight months.

Advantages of Mauritius Residence by Investment Program

• Family Inclusion: Residency extends to the entire family, including a spouse or common-law partner, parents, and any natural, step-, or adopted children of any age who are financially dependent on the main applicant. Note that family members should not engage in employment in Mauritius without a valid work permit.
• Safe and Secure Living: Enjoy a secure environment with a pleasant tropical climate year-round.
• Education: Access to international schools and universities.
• Stability: Benefit from political, social, and economic stability.
• Business-Friendly Environment: Ranked among the top 20 countries globally for ease of doing business.
• Financial Hub: Mauritius is known for its sophisticated, transparent, and well-regulated international financial center.

Requirements for the Mauritius Residence by Investment Program

Applicants must select from the following investment options:

1. Property Acquisition
   • Integrated Resort Scheme (IRS): Purchase residential real estate with a minimum value of USD 375,000 in large properties (villas, townhouses, penthouses) on land exceeding 10 hectares.
   • Real Estate Scheme (RES): Acquire smaller units on freehold land under 10 hectares.
   • Property Development Scheme (PDS): Invest in projects with social and environmental benefits under strict regulations.
   • Invest Hotel Scheme (IHS): Buy new or existing hotel units; the investor may reside for up to 45 days in any 12-month period.
   • Smart City Scheme (SCS): Invest in sustainable spaces with modern energy, water, and transport solutions.
   • Ground +2 Apartment Scheme (G+2): Purchase apartments in developments with at least two levels above ground.
2. Investor Permit
   • Invest a minimum of USD 50,000 in a business activity.
3. Retirement Permit (for individuals aged 50 and above)
   • Capital Transfer: Transfer USD 1,500 per month or USD 18,000 per year; or
   • Residential Unit: Acquire a residential unit (with no minimum purchase price) or life rights in an approved senior living property development scheme.
4. Self-Employed Permit
   • Invest a minimum of USD 35,000 in a professional activity and provide two letters of intent from potential clients.
5. Occupation Permit
   • Secure employment with a contract offering a minimum monthly salary of MUR 30,000.

Procedures and Time Frame

1. Application Submission
   • Submit applications using prescribed forms, along with appropriate fees and supporting documents. Required documents include a recent certificate of morality and a recent medical certificate confirming that the applicant is free of contagious diseases.
2. Investment Requirements
   • The real estate investment must be maintained throughout the duration of the residence permit and financed through funds transferred to Mauritius from an internationally recognized bank.
3. Approval Process
   • After initial due diligence checks, select the preferred property. Following approval in principle and fulfillment of the investment, submit the residence application to the Economic Development Board of Mauritius. Successful due diligence results in the issuance of a Mauritian residence permit for the applicant and their family members.

Dependents:

• Dependents include spouses or partners, parents, and unmarried, financially dependent children (including stepchildren and adopted children) of any age who are not gainfully employed.