Updated: Feb 8
A tropical island lifestyle awaits you in Mauritius
TYPES OF VISA AND RESIDENCY PERMITS
Professional occupational Permit
Permanent Residency Permit
Self employed Permit
Travel Premium Visa
Residency by investment
You can get a 20-year Residence Permit through the Economic Development Board (EDB) of Mauritius by investing a minimum of USD 50,000 in business activity or setting up a new business on the island. Permits for Permanent Residence can be obtained only after three years if certain conditions are met:
The Gross Income of the company should be between Rs 15 million or USD 350,000 for three consecutive years before applying for a permanent residence permit.
The Total Turnover of the company should be at least Rs 45 million or USD 1.00 million in any three consecutive years.
Moreover, along with the investor, a residency permit can be grated to:
A spouse of the opposite sex
Civil Partner of the opposite sex
Children who are financially dependent on the investor, are not married, do not have their own source of income
Acquisition of Properties
A permanent residence permit in Mauritius is granted if you buy a real estate property under purchase plans approved and managed by the government’s EDB.
By investing a minimum of 375,000 dollars, you can purchase a prestigious property in Mauritius under the following property regimes:
Property Development Scheme (PDS) involves the purchase of residential, resort, and leisure properties.
The Invest Hotel Scheme provides the opportunity to buy a share or an apartment in a hotel in Mauritius
Through the Smart City scheme, the investor can acquire housing in special innovative regions, or invest in a plot of land in a smart city up to 2100m2.
Two requirements must be met for a residential apartment
The apartment is in a building with a minimum of three floors
A minimum transaction of 375,000 dollars.
The investor remains a resident as long as he owns the property in Mauritius
Work and live in Mauritius through an Occupation Permit (OP)
Foreign nationals can obtain a combined occupancy and residence permit as enterprising investors, professional or self-employed persons. You can also obtain a residence permit by working as an employee in Mauritius if your monthly base salary is no less than MUR60,000 or as a self-employed individual but only in the services sector. As self-employed in the country, they should have a deposit of at least USD35,000 in a Mauritian bank. The annual income of their one-man business should also be at least MUR600,000 a year.
Retire in Mauritius
Retirees can earn residency in Mauritius to those who are at least 50 years of age. They also must make an initial transfer of at least USD1500 to a local Mauritian bank. Thereafter, they should transfer at least USD 18,000 per year or its equivalent in freely convertible foreign currency during the 10 years validity of the residence permit.
The government, however, does not allow the employment of foreign retirees on the island. Nonetheless, these retirees can apply for a permanent residence permit in Mauritius after living for three years in the country.
At Think Thrust, we ensure that your relocation runs smoothly, making it as easy as possible for you. Our services include providing preliminary advice and permits, finding accommodation, setting up companies, buying businesses, opening bank accounts, and providing full concierge services (Pet Relocation).