Investment of USD 50,000
Investment of USD 50,000
Mauritius provides an attractive opportunity for foreigners seeking residency through investment. With a favorable business environment and various lifestyle advantages, this island nation has become a go-to destination for investors. For a minimum investment of USD 50,000, investors can obtain a 10-year renewable residency permit. Below are the key features and frequently asked questions to guide you through the process.
Key Features of the Residency by Investment Program
- Minimum Investment: USD 50,000
- Permit Validity: 10 years, renewable
- Application Fee: USD 1,000 upon approval
- Renewal Criteria: A minimum gross income of MUR 4 million annually, starting from the third year of registration.
How to Start the Application Process
You can initiate the residency application online via the National Electronic Licensing System, without needing to travel to Mauritius. The process can be accessed here.
Setting Up a Business in Mauritius
The Corporate and Business Registration Department (CBRD) serves as a one-stop shop for starting a business. Register via this link to begin. Once your application is approved, you can transfer the required USD 50,000 investment to a local bank account.
Licensing and Clearances
If your business falls under regulated activities, specific clearances or licenses may be needed before or after starting operations.
Filing Taxes
All companies incorporated in Mauritius must file an annual return with the Mauritius Revenue Authority (MRA) and the Corporate and Business Registration Department.
Acquiring Property in Mauritius
Foreign nationals under this residency program can acquire property through schemes like IRS, RES, PDS, or Smart City, or purchase apartments in buildings with at least ground plus two floors.
Family Eligibility
Dependents of the primary applicant, such as spouses, parents, and children, are eligible for residence permits and can live in Mauritius for the same duration as the primary permit holder.
Renewal and Permanent Residency
After 10 years, your permit can be renewed, provided your company meets income criteria. You may also apply for a 20-year Permanent Residence Permit if you achieve an annual gross income of MUR 15 million over three consecutive years or an aggregate turnover of MUR 45 million.
Required Documents
- For New Applications: Documents include birth certificate, passport, business plan, passport photo, and proof of investment.
- For Renewals: Certificates of incorporation, business registration, and other relevant permits are required.
For more information, visit EDB Mauritius.
Disclaimer: The information provided here is intended for general informational purposes. Please refer to official resources and guidelines for complete details. Visit Residency.mu for more specific and up-to-date information on Mauritius’ Residency by Investment Program.