Mauritius offers several pathways for investors to obtain residency through investment. These programs are designed to attract foreign capital and stimulate economic growth, allowing investors and their families to reside, work, and eventually apply for permanent residency or citizenship in Mauritius. The Mauritius Investment Visa is particularly attractive due to the country’s stable economy, strategic location, and favorable tax regime.
Key Features
- No Capital Gains Tax: Mauritius offers a favorable tax environment with no capital gains tax or inheritance tax.
- Visa-Free Travel: Residence in Mauritius provides access to visa-free travel to several countries, including in Africa and Asia.
- Family Inclusion: The visa can be extended to include spouses, children, and dependents.
- Path to Permanent Residency: After a certain period of continuous residence, investors may apply for permanent residency.
- High Standard of Living: Mauritius is known for its high quality of life, with excellent healthcare, education, and lifestyle options.
Overview of Investment Visa Streams
- Purpose: To allow foreign nationals to invest in Mauritius and reside there as investors.
- Eligibility:
- Minimum investment of USD 50,000 in a business activity that contributes to the economy.
- Duration: Initially granted for 3 years, with the possibility of renewal.
- Others: The business must generate a turnover exceeding MUR 4 million (approximately USD 100,000) per year from the third year onwards.
- Purpose: To develop the luxury real estate market by attracting foreign investment in approved residential properties.
- Eligibility:
- Minimum investment of USD 375,000 in an approved real estate project.
- Duration: Residence permit is valid as long as the property is owned.
- Others: Investors can include their family members in the application.
- Purpose: To grant permanent residence to foreign investors.
- Eligibility:
- Minimum investment of USD 500,000 in a qualifying business or project.
- Duration: The permit is valid for 20 years and can be renewed.
- Others: Applicants must demonstrate a significant economic contribution to Mauritius.
- Purpose: To encourage the development of smart cities and sustainable urban planning.
- Eligibility:
- Minimum investment of USD 375,000 in an approved smart city project.
- Duration: Residence permit is tied to the ownership of the property within the smart city.
- Others: Smart city projects are designed to integrate living, working, and leisure spaces.
General Eligibility Criteria
- Age: Applicants must be at least 18 years old.
- Clean Criminal Record: A police clearance certificate is required.
- Good Health: Medical examination results are necessary.
- Proof of Funds: Evidence of the legal source of investment funds.
- Business Plan (if applicable): For business-related visas, a detailed business plan may be required.
Required Documents
- Valid Passport: Copies of the applicant’s passport and those of dependents.
- Proof of Investment: Documentation showing the source and transfer of investment funds.
- Bank Statements: Recent statements showing financial stability.
- Police Clearance Certificate: From the applicant’s country of residence.
- Medical Certificate: Health examination results.
- Business Plan: For business investment visas, a detailed business plan.
Application Process
- Select an Investment Stream: Choose between the occupation permit, real estate investment, permanent residence permit, or smart city scheme.
- Prepare Documentation: Collect all required documents, including proof of funds and identity.
- Submit Application: Submit the application through the Mauritius Economic Development Board (EDB) or relevant authorities.
- Investment Commitment: Make the required investment once approval in principle is received.
- Receive Residence Permit: Upon confirmation of investment, the residence permit will be issued.
Cost (Approximate)
| Visa Type | Application Fees | Investment Amount | Additional Costs (Legal, Admin, etc.) |
|---|---|---|---|
| Occupation Permit (Investor) | USD 1,000 | USD 50,000 | USD 5,000 – USD 10,000 |
| Real Estate Investment (PDS) | USD 1,000 | USD 375,000 | USD 10,000 – USD 20,000 |
| Permanent Residence Permit (Investor) | USD 1,500 | USD 500,000 | USD 10,000 – USD 20,000 |
| Smart City Scheme | USD 1,000 | USD 375,000 | USD 10,000 – USD 20,000 |
Visa Processing Time (Approximate)
| Visa Type | Processing Time |
|---|---|
| Occupation Permit (Investor) | 4-8 weeks |
| Real Estate Investment (PDS) | 4-8 weeks |
| Permanent Residence Permit (Investor) | 8-12 weeks |
| Smart City Scheme | 4-8 weeks |
Key Points to Remember
- Investment Returns: Real estate and business investments can potentially provide returns, but the primary aim is to secure residency.
- Family Inclusion: Spouses and dependents can be included in the application.
- No Minimum Stay Requirement: There is no obligation to reside in Mauritius for a specific period, except for permanent residence applications.
Conclusion
Mauritius offers a range of attractive investment visa options for foreign nationals looking to obtain residency or citizenship. Whether through real estate, business, or smart city projects, investors can benefit from the island’s favorable tax regime, strategic location, and high quality of life. The various streams cater to different investment preferences, making it easier for individuals and families to find a suitable pathway to residency in Mauritius.
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