Mauritius
Mauritius, an island nation in the Indian Ocean, is drawing significant foreign investment due to its consistent economic growth and reputation as one of Africa’s most business-friendly countries. Residency offers numerous benefits, including a high quality of life, with extra advantages for citizens of the Southern African Development Community.
Residence by Investment Overview
Mauritius’ residence program enables foreign nationals to obtain a residence permit by investing in real estate. Approved applicants and their families receive full residence rights, allowing them to live, work, and retire in Mauritius. The program offers a gateway to enjoying the island’s attractive lifestyle and business opportunities.
Investment
Minimum real estate investment of USD 375,000
Processing Time
Six to eight months
Key Benefit
The right to live, work, and retire in Mauritius
The Mauritius Residence by Investment Program
Mauritius is renowned for its delightful tropical climate, diverse culture, and stunning living environments. Additionally, its thriving economy, appealing tax policies, and competitive business climate have enhanced the country’s international reputation, drawing high-net-worth individuals and families worldwide. For those looking to live in this island nation, the Mauritius Residence by Investment Program offers a streamlined path to residency. By investing in the country's real estate market, individuals can secure Mauritian residency within six to eight months.
Benefits of the Mauritius Residence by Investment Program
Ability to rent out the investment property.
Residence extends to the entire family, including a spouse or common-law partner, parents, and dependent children of any age who are unmarried and rely on the main applicant, though they must obtain a valid work or occupation permit to work in Mauritius.
Access to international schools and universities.
Political, social, and economic stability.
Ranked among the top 20 countries globally for ease of doing business.
A sophisticated, transparent, and well-regulated international financial center.
Procedures and time frame of the Italy Golden Visa
The visa is granted for two years and is renewable for a further three-year period, provided that the investment is maintained. It is expected that the process of obtaining the visa will take 90–120 days from the date of application. The investment must be made within three months of entry into the country. To obtain the visa under the Investor Visa Program, investors must purchase or rent residential real estate in Italy following approval. Under the Elective Residence Program, applicants must demonstrate a stable income and have residential real estate following approval. Permanent residence is possible after five years, provided the investor has relocated to Italy.
There is no minimum number of days of physical presence in Italy required.
The Integrated Resort Scheme (IRS)
Villas, townhouses, penthouses, apartments, duplexes, and services plots of land exceeding 10 hectares
The Real Estate Scheme (RES):
Smaller than the IRS units and built on freehold land not exceeding 10 hectares
The Property Development Scheme (PDS):
Integrated projects of social benefit to the neighboring community, subject to strict controls regarding respect for the environment and focused on ecology
The Invest Hotel Scheme (IHS):
New or existing hotel units, where the investor can live for 45 days in any 12-month period
The Smart City Scheme (SCS):
Environmentally friendly living, working, or leisure spaces aimed at generating their own energy and water resources, providing state-of-the-art connectivity, creating smart modern transportation, and reducing traffic congestion
The Ground +2 Apartment Scheme (G+2):
Located in condominium developments of at least two levels above ground
Alternatively, applicants can select one of the following other qualifying options for 20-year permanent residence. These options are geared towards:
General investors (shareholders or directors of a company in Mauritius): Initial transfer of USD 50,000 for a business activity that generates cumulative turnover, for a 10-year initial residence period
High-technology investors (shareholders or directors of a company in Mauritius): Initial investment of USD 50,000 in high-tech machinery and equipment for a business activity that generates cumulative turnover, for a 10-year initial residence period
Innovative start-up investors: Initial investment of USD 40,000 and a minimum expenditure of 20% on research and development, or register with a Mauritian-accredited incubator with a minimum operation expenditure of 20%, for a 10-year initial residence period
Professional investors (expatriates employed in Mauritius by contract): Monthly basic salary with a minimum value of approximately USD 1,400 (approximately USD 700 in the ICT sector), for a 10-year initial residence period
Self-employed investors (in the services sector and registered under the Business Registration Act 2002): Initial transfer of USD 35,000 to a local bank account in Mauritius, for a 10-year initial residence period
Retired non-citizen investors (50 years or over): Initial transfer of at least USD 1,500 monthly to a local bank account in Mauritius, for a 10-year initial residence period (or USD 54,000 over the three-year residence period)
Procedures and time frame of the Mauritius Residence by Investment Program
Applications for the program must be submitted using the prescribed forms and accompanied by the required fees. Additionally, applicants must provide supporting documents, including a recent certificate of morality and a medical certificate confirming they are free from contagious diseases.
The real estate investment must be held for the duration of the residence permit and financed through external funds transferred to Mauritius via a bank recognized by the Bank of Mauritius.
After completing initial due diligence checks, the applicant can select their preferred property. Once preliminary approval is granted and the investment is made, the residence application can be submitted to the Economic Development Board of the Republic of Mauritius. Upon successful due diligence, the applicant and their family members receive a Mauritian residence permit.
Dependents eligible for residence include spouses or partners, parents, and unmarried, financially dependent children of any age, including stepchildren and adopted children, who are not engaged in employment.
Mauritius Residence by Investment Program frequently asked questions
What is the Mauritius Residence by Investment Program?
The Mauritius Residence by Investment Program offers residence to individuals and their families through significant economic contributions to the country.
What are the investment options available for the Mauritius Residence by Investment Program?
Investment options include acquiring luxury residential real estate, investing in a business as a general or high-tech investor, funding an innovative start-up, working as a professional investor, being self-employed in the services sector, or being a retired non-citizen with a steady monthly income.
What are the benefits of obtaining Mauritian residence through investment?
Benefits include the right to live, work, and study in Mauritius, a high quality of life in a safe environment, and the option to rent out the investment property.
What is the minimum investment required for the Mauritius Residence by Investment Program?
The minimum investment starts at USD 375,000 for real estate purchases.
How long does it take to process an application for the Mauritius Residence by Investment Program?
The processing time is approximately six to eight months.
Can family members be included in the Mauritius Residence by Investment Program application?
Yes, the main applicant can include their spouse and dependent children in the application.
What are the residence requirements for the Mauritius Residence by Investment Program?
There are no specific residence requirements, but applicants must maintain their investment for a certain period.
What documents are required for the Mauritius Residence by Investment Program application?
Required documents include a valid passport, proof of investment, health insurance, a clean criminal record, a certificate of morality, and other supporting documents.
Is it possible to obtain Mauritian citizenship through the residence by investment program?
No, obtaining Mauritian citizenship requires a separate and more stringent process.
What is the process for applying to the Mauritius Residence by Investment Program?
Applicants must make a qualifying investment, submit the application with the necessary documents, and undergo a due diligence process.
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