MAURITIUS

Requirements Of Residence By Investment In Mauritius

Integrated Resort Scheme (IRS):

• Villas, townhouses, penthouses, apartments, duplexes, and serviced plots of landexceeding 10 hectares.

Real Estate Scheme (RES):

• Smaller units than IRS, built on freehold land not exceeding 10 hectares.

Property Development Scheme (PDS):

• Integrated projects offering social benefits to the neighboring community, adhering to strict environmental controls and focusing on ecology.

Invest Hotel Scheme (IHS):

• New or existing hotel units, where the investor can reside for 45 days within any 12-month period.

Smart City Scheme (SCS):

• Environmentally friendly spaces for living, working, or leisure, generating their own energy and water resources, providing state-of-the-art connectivity, and reducing traffic congestion.

Ground +2 Apartment Scheme (G+2):

• Apartments located in condominium developments with at least two levels above ground.

Alternatively, applicants can choose one of the following options for a 20-year permanent residence, geared towards:

General Investors (shareholders or directors of a company in Mauritius):

• Initial transfer of USD 50,000 for a business activity generating cumulative turnover, for an initial 10-year residence period.

High-Technology Investors (shareholders or directors of a company in Mauritius):

• Initial investment of USD 50,000 in high-tech machinery and equipment for a business activity generating cumulative turnover, for an initial 10-year residence period.

Innovative Start-Up Investors:

• Initial investment of USD 40,000 and a minimum expenditure of 20% on research and development, or registration with a Mauritian-accredited incubator with a minimum operation expenditure of 20%, for an initial 10-year residence period.

Professional Investors (expatriates employed in Mauritius by contract):

• Monthly basic salary with a minimum value of approximately USD 1,400 (approximately USD 700 in the ICT sector), for an initial 10-year residence period.

Self-Employed Investors (in the services sector and registered under the Business Registration Act 2002):

• Initial transfer of USD 35,000 to a local bank account in Mauritius, for an initial 10-year residence period.

Retired Non-Citizen Investors (50 years or over):

• Initial transfer of at least USD 1,500 monthly to a local bank account in Mauritius, for an initial 10-year residence period (or USD 54,000 over the three-year residence period).

Procedures and Time Frame of the Mauritius
Residence by Investment Program

Applications for the Mauritius Residence by Investment Program must be submitted using the prescribed forms and must include the appropriate fees. Supporting documents, such as a recent certificate of good conduct and a medical certificate stating that the applicant is free of contagious diseases, are also required.

The real estate investment must be maintained for the duration of the residence permit and must be financed from external funds transferred to Mauritius through a bank recognized by the Bank of Mauritius.

After completing the initial due diligence checks, applicants are free to select their preferred property. Upon receiving approval in principle and fulfilling the investment requirements, they can proceed to submit their residence application to the Economic Development Board of the Republic of Mauritius. Upon successful completion of due diligence checks, the applicant and their accompanying family members receive a Mauritian residence permit.

Dependents eligible for inclusion in the application encompass spouses or partners, parents, and unmarried, financially dependent children, including stepchildren and adopted children, of any age who are not engaged in gainful employment.