What is the 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 of at least two floors above ground.
The investment schemes available for the program are the Integrated Resort Scheme, Real Estate Scheme, Property Development Scheme, Invest Hotel Scheme, Smart City Scheme, and Ground +2 Apartment Scheme. These schemes offer different types of properties ranging from villas, townhouses, penthouses, apartments, duplexes, services plots of land, freehold land, and integrated projects with social benefits.
Mauritius Residence Permit Advantages
- Right to stay in Mauritius as long as you remain as the owner of the property.
- Residence Permit grants the holder the right to live, work and retire in Mauritius.
- Permission to work in Mauritius without applying for an Occupation Permit or Work Permit.
- Pathway to permanent residency and eventually, citizenship.
- Generous tax system.
- Safe and secure environment.
- Access to high-level educational institutions.
Process
Process Time: 2 to 6 months
- Choose the property you want to invest in and fulfil the investment requirements.
- Applicants shall make an application to the Economic Development Board (EDB).
- Applicants pays 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.
- The Applicant receives the Mauritius Residence Permit.
Mauritius Residence Permit requirements
- Minimum real estate investment of USD 375,000.
Investment in one of the following 6 real estate 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)
Freehold land not exceeding 10 hectares. - 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. - The Ground +2 Apartment Scheme (G+2)
Investment in a condominium of at least 2 floors above ground. The purchase price of an apartment should not be less than MUR 6 million.
FAQ
The Mauritius Residence Permit by Property Investment Program offers a unique opportunity for investors seeking to obtain a residence permit in Mauritius. To qualify for the program, an investor must invest a minimum of USD 375,000 in one of the approved investment schemes, including the Integrated Resort Scheme, Real Estate Scheme, Property Development Scheme, Invest Hotel Scheme, or Smart City Scheme. Alternatively, an applicant can invest not less than MUR 6 million in a condominium of at least 2 floors above the ground. As a result of this investment, investors are granted the right to reside in Mauritius for as long as they remain the owner of the property. Contact us today to learn more about this exciting opportunity.
The benefits of the residence permit by property investment in Mauritius are the following:
- Residence Permit grants you the right to stay in Mauritius as long as you remain as the owner of the property there.
- Residence Permit by investment grants the holder the right to live, work and retire in Mauritius.
- Permission to work in Mauritius without applying for Occupation Permit or Work Permit.
- Residence Permit authorizes the holder’s family (spouse and children) to stay in Mauritius.
- Pathway to permanent residency and eventually, citizenship.
- Favorable taxes.
- Safe and secure environment.
- Access to high-level educational institutions.
The Mauritius Residence Permit by Property Investment Program provides a clear and structured pathway for investors seeking to obtain a residence permit in Mauritius. By investing a minimum of USD 375,000 in one of the approved investment schemes or not less than MUR 6 million in a condominium of at least 2 floors above the ground, investors can obtain the right to stay in Mauritius for as long as they own the property. While the process involves meeting specific investment requirements, it provides a straightforward path towards securing a residence permit in Mauritius. Please feel free to contact us for further information on the application process and eligibility criteria.
Dependents include spouses or partners, parents, and unmarried, financially dependent children (including stepchildren and adopted children) of any age who are not gainfully occupied.
At 15% of the individual income tax.
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 Almanac recognized by the Bank of Mauritius.
No, there is no need to open a bank account in order to purchase a property. However, it is advisable to do so. Funds can be transferred to the notary directly.
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.
Please contact HLG if you wish to receive a comprehensive list of the required documents.
The present document is intended for guidance and general information only and does not constitute or purport to provide you with legal advice. Such information is subject to changes without notice. Each case is unique and depends on the facts and circumstances of the individual and due consideration should be taken if applying the general information to your personal situation. For an evaluation of your personal circumstances one of our legal team would be happy to assist.