Prime Minister Navin Ramgoolam: Strengthening Mauritius’s Residency by Investment Program

Under the leadership of Prime Minister Navin Ramgoolam, who was sworn in for his fourth term on November 13, 2024, Mauritius has revitalized its Residency by Investment (RBI) Program to attract global investors and high-net-worth individuals. The country's strategic location, stable economy, and favorable tax regime make it an appealing destination for those seeking residency in a vibrant and secure environment.

Mauritius Residency by Investment Program

Mauritius offers a streamlined pathway to residency through investment, allowing individuals and their families to reside, work, and retire in the country. The program primarily focuses on real estate and business investments, each with specific requirements and benefits.

MInvestment Options:

• Real Estate Investment:
  • Minimum Investment: USD 375,000 in approved real estate projects.
  • Eligible Schemes:
    • Integrated Resort Scheme (IRS): Large-scale luxury properties with high-end amenities.
    • Real Estate Scheme (RES): Smaller developments offering exclusive residences.
    • Property Development Scheme (PDS): Projects emphasizing social and environmental sustainability.
    • Smart City Scheme (SCS): Developments focusing on innovation and sustainable living.
    • Ground +2 Apartment Scheme (G+2): Apartments in buildings with at least two floors above ground.
• Business Investment:
  • Minimum Investment: USD 50,000 in a qualifying business activity.
  • Eligible Sectors: Agro-industry, renewable energy, financial services, tourism, and more.

Eligibility Criteria:

• Age: Applicants must be at least 18 years old.
• Financial Stability: Proof of sufficient financial resources to support themselves and dependents.
• Health Requirements: Applicants should be free from contagious diseases and possess valid health insurance.
• Background Check: A clean criminal record is mandatory.

Application Process:

• Investment Selection: Choose a qualifying investment option that aligns with your objectives.
• Application Submission: Submit the application along with necessary documents, including proof of investment, to the Economic Development Board (EDB) of Mauritius.
• Approval: Upon successful evaluation, receive approval from the EDB.
• Residence Permit Issuance: Obtain the residence permit, which remains valid as long as the investment is maintained.

Benefits of the Mauritius RBI Program:

• Family Inclusion: Residence permits extend to the investor's spouse or common-law partner, parents, and dependent children.
• Tax Advantages: No inheritance tax and a low income tax rate of 15%.
• High Quality of Life: Access to excellent healthcare, education, and a multicultural society.
• Political and Economic Stability: A secure environment with a strong legal framework.

Prime Minister Navin Ramgoolam’s Vision for Economic Growth

Since returning to office, Prime Minister Ramgoolam has emphasized the importance of attracting foreign investment to sustain Mauritius's economic development. His administration focuses on:

• Enhancing the Investment Climate: Implementing policies to create a more investor-friendly environment, including tax incentives and streamlined regulatory processes.
• Promoting Sustainable Development: Encouraging investments in green technology and sustainable industries to ensure long-term economic resilience.
• Strengthening Infrastructure: Investing in infrastructure projects to improve connectivity and support business operations across the country.

Tisoro Global’s Perspective: Navigating Mauritius’s RBI Opportunities

At Tisoro Global, we have successfully guided numerous clients through Mauritius's Residency by Investment Program, helping them achieve their residency and investment goals. Investors are particularly attracted to Mauritius's political stability, favorable tax regime, and high quality of life.

Our team of experts provides comprehensive assistance throughout the application process, from selecting suitable investment options to ensuring compliance with all regulatory requirements.

Seize the Opportunity to Invest in Mauritius’s Future

With its welcoming stance towards global investors and a robust economic landscape, now is an opportune time to explore residency by investment opportunities in Mauritius. At Tisoro Global, we are committed to helping you navigate these pathways to secure a prosperous future in Mauritius for you and your family.

Act now to embark on your journey towards Mauritian residency and citizenship.