Mauritius has become an increasingly popular destination for people who are looking to work, live, and retire in a new country. Throughout the years, our island has welcomed many non-citizens from all corners of the world in search of a new start on this paradise island.
Work, Live & Retire in Mauritius
Some factors to consider when evaluating investment opportunities in Mauritius include
Work Opportunities
Mauritius has a diverse and growing economy, with opportunities in sectors such as tourism, finance, and technology.
Cost of Living
The cost of living in Mauritius is relatively high compared to other African countries, but it is still lower than in many developed countries. Factors such as housing, food, and transportation costs can vary depending on the location and lifestyle you choose.
Healthcare
Healthcare in Mauritius is generally of a high standard, and there are both public and private hospitals available. However, it is advisable to have comprehensive health insurance in case of any unexpected medical expenses.
Quality of Life
Mauritius is known for its high quality of life, with a warm and sunny climate, beautiful beaches, and a diverse and friendly population. There are also many cultural, sporting, and recreational activities available, which can make it an attractive destination for those looking to work, live, or retire in a new country.
Visa and Residency Requirements
Investor:
Occupation Permit – Option 1: An initial transfer of USD 50,000 should be made in the bank account of the company.
For OP renewal, the company should generate a minimum gross income of MUR 4 million as from the third year of registration.
For OP renewal, the company should generate a minimum gross income of MUR 4 million as from the third year of registration.
Validity – 10 years renewable.
Occupation Permit – Option 2: Net asset value of USD 50,000 for existing businesses and the business activity should generate a turnover of at least MRU 12 million during the first 3 years preceding the application. For OP renewal, the company should generate a minimum gross income of MUR 4 million as from the third year of registration.
Validity – 10 years renewable.
Permanent Residence Permit – Achieving an annual gross income of at least MUR 15 million for 3 consecutive years preceding the application for the Permanent Residence Permit application or achieving an aggregate turnover of MUR 45 million for any consecutive period of 3 years preceding the Permanent Residence Permit application.
Validity – 20 years.
Professional:
Occupation Permit – Basic minimum salary should be of at least MUR 30,000 monthly.
Permanent Residence Permit – Eligibility to apply for a 20 year PRP upon receiving a monthly basic salary of at least MUR 150,000 for 3 consecutive years preceding the Permanent Residence Permit application.
Self-Employed:
Occupation Permit – Initial investment of USD 35,000 should be made to his/her bank account. For renewal, the business should generate a business income of MUR 800 000 per year as from the third year of registration.
Validity – 10 years renewable.
Permanent Residence Permit – Achieving an annual business income of at least MUR 3 million for 3 consecutive years, immediately preceding the Permanent Residency application.
Validity – 20 years.
Retired:
Residence Permit – A Retired Non-Citizen must be aged 50 years and above and should transfer at least USD 1500 monthly to his/her local bank account in Mauritius, to benefit from a 10 year Residence Permit.
Possibility to apply for a 20 year Permanent Residence Permit after 3 consecutive years.
Note: Dependents of OP or RP Holder: Dependents of an OP or RP holder are eligible to apply for a residence permit. They include the spouse (including Common Law Partner of the opposite sex), parents of OP/RP Holder and children including step children and or lawfully adopted children, under 24 years of age.
(Source EDB)
