Retired Non-Citizen +50 years

Mauritius offers an attractive opportunity for retirees aged 50 or above to enjoy a peaceful lifestyle with a 10-year Residence Permit by transferring a minimum of USD 1,500 monthly. After three consecutive years, retirees are eligible to apply for a 20-year Permanent Residence Permit.

Right to Invest by Retired Non-Citizens

A retired non-citizen holding a residence permit may invest in a business, but with the following conditions:

• They are not employed in the business.
• They do not receive any salary or employment benefits from the business.

Key Features

• Residency Validity: 10 years
• Applicable Fees: USD 1,000 (New fees as of 11 July 2022)
• Renewal Requirement: Evidence of funds of USD 18,000 annually or a guaranteed income of USD 1,500 monthly.

How do you qualify for Residency for retired non-citizens (+50 years)?

Applicants must submit a certified bank statement from their country of origin or residence, demonstrating:

• A minimum of USD 18,000 annually, or
• A guaranteed minimum income of USD 1,500 per month.

Application Process

• Online Submission: Applications can be started online through the National Electronic Licensing System (NELS) without the need to travel to Mauritius.
  • Website: business.edbmauritius.org
• Documents Required for Application:

1. Birth Certificate (English/French or a certified translation).
2. Passport biodata page.
3. Police clearance certificate (covering the last ten years).
4. Recent passport-size photograph (less than six months old).
5. Signed undertaking.
6. Evidence of funds from the bank.
7. Additional documents may be required, such as a marriage/divorce certificate, medical report, etc.

Can I Acquire Property in Mauritius Under This Residency?

Yes, retired non-citizens may acquire residential property in developments under the Integrated Resort Scheme (IRS), Real Estate Scheme (RES), Property Development Scheme (PDS), or Smart City Scheme (SCS). Foreigners may also purchase apartments in buildings of at least ground plus two floors (G+2).

Family Accompaniment

Dependents of retired non-citizens, such as spouses, parents, and children, are eligible for a residence permit. Dependents can stay in Mauritius for the same period as the primary permit holder.

Taxation Obligations

• There is no taxation on funds transferred to Mauritius.
• Mauritius has no wealth or inheritance tax.
• Retirees must declare any other tax residences in other jurisdictions per the Common Reporting Standard (CRS).

What Happens After the 10-Year Residency?

Retirees can renew their Residence Permit for an additional ten years upon expiry.

Renewal Process

• Renewal applications also require submission of documents such as bank statements showing evidence of fund transfers, a passport biodata page, and a recent certificate of morality covering the last three years.

Important Notes

• Application for an Occupation Permit or Residence Permit by retirees on the NELS is free of charge.
• Only successful applicants must pay the statutory permit fees to the Government of Mauritius.

For more information, contact the Occupation Permit Unit at +230 2033813 or via email at op@edbmauritius.org.

Disclaimer

The information provided on Mauritius.com regarding the Retired Non-Citizen (+50 Years) is intended for general informational purposes only. Regulations and requirements may change, and it is recommended to verify all details with the Economic Development Board of Mauritius.