Mauritius Residence Permit
The Mauritius Residence Permit by Property Investment Program allows investors to obtain a residence permit in Mauritius by investing in real estate through one of the approved investment schemes.
The program requires a minimum investment of USD 375,000 or MUR 6 million for a condominium with at least two floors above ground.
Benefits of Mauritius Residence Permit
Residency and Family Inclusion
Right to stay in Mauritius as long as you remain the owner of the property.
Travel and Quality of Life
- Safe and secure environment.
Ease of Access
- Pathway to permanent residency and eventually, citizenship.
- Generous tax system with opportunities for tax optimization.
Mauritius residence by investment Options
A Minimum Of USD 375,000 In One Of The Following 6 Real Estate Investment Projects:
The Integrated Resort Scheme (IRS)
Ready-made residential properties such as villas, townhouses, penthouses, apartments, duplexes, and services plots of land exceeding 10 hectares.
The Real Estate Scheme (RES)
Provides a range of living options, including villas, penthouses, duplexes, and apartments, situated in exclusive, small residential developments.
The Property Development Scheme (PDS)
Integrated projects of social benefit to the neighbouring community, subject to strict environmental controls, and focused on ecology.
The Invest Hotel Scheme (HIS)
New or existing hotel units where the investor has the right to stay and spend up to 45 days per year in the hotel.
The Smart City Scheme (SCS)
Environmentally friendly living, working, or recreational spaces that generate their own energy and water resources, provide cutting-edge connectivity, develop smart modern transportation, and reduce traffic congestion.
Mauritius Residence Permit Process
Processing time 2-6 Months
Due Diligence And Application
- Choose the property you want to invest in and fulfill the investment requirements.
- Applicants shall make an application to the Economic Development Board (EDB).
Approval And Investment
- Applicants pay the non-refundable processing fees to the EDB (MUR 10,000 for IRS and RES; and MUR 20,000 for PDS).
- Applicants must provide supporting documents.
Residency
The Applicant receives the Mauritian Residence Permit.
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Frequently Asked Questions
What is Mauritius residence permit by property investment program?
The Applicant must invest a minimum of USD 375,000 through one of the following approved investment projects:
- The Integrated Resort Scheme
- The Real Estate Scheme
- The Property Development Scheme
- The Invest Hotel Scheme
- The Smart City Scheme
Are there any restrictions on the acquisition of real estate in Mauritius by foreign buyers?
Yes, foreign buyers may only purchase properties in Mauritius under schemes approved and managed by the Economic Development Board such as:
- The Integrated Resort Scheme (IRS)
- The Real Estate Property Scheme (RES)
- The Property Development Scheme (PDS)
- The Smarty City Scheme (SCS)
What are the benefits of the residence permit by property investment?
The benefits of the residence permit by property investment in Mauritius are the following:
- Residence Permit by investment grants the holder the right to live and work as long as you remain owner of the property.
- Permission to work in Mauritius without applying for Occupation Permit or Work .
- Pathway to
- Favorable
- Safe and secure
- Access to high-level educational
Who qualifies as a dependent on the application?
Dependents include spouses or partners, parents, and unmarried, financially dependent children (including stepchildren and adopted children) of any age who are not gainfully occupied.
How is rental income taxed in Mauritius?
At 15% of the individual income tax.
What currency should be used for the investment?
The payment can be made in US dollars or its equivalent in any other freely convertible foreign currency.
When a non-citizen purchases a residential property, the purchaser must finance the purchase with funds from outside Mauritius and transfer the funds to Mauritius through any reputable bank listed in the Banking Almanach recognized by the Bank of Mauritius.
Does the applicant need to open a bank account in order to purchase property?
No. However, it is advisable to open a bank account in order to purchase property.
What other costs will the real estate transaction entail?
Additional costs include a 5% registration duty fee, notary fees, and a USD 500 application fee for the letter of approval through the Economic Development Board of Mauritius.