Work & Live in Mauritius

The following schemes are allowable for an acquisition by a non-citizen:

1. The Integrated Resort Scheme (IRS)

2. The Real Estate Scheme (RES)

3. The Property Development Scheme (PDS)

4. The Smart City Scheme

5. Ground +2 apartments

6. The Invest Hotel Scheme (will not be developed here)

• The IRS and the RES are high-end residential properties exclusively developed for the sale to non-citizens.

• The PDS has replaced the IRS and RES, allows the development of a mix of residences for sale to noncitizens, citizens and members of the Mauritian Diaspora.

• The Smart City Scheme, or the “work, live and play concept” is the development of self-sufficient cities offering integrated sustainable solutions and ensuring minimum wastage.

• This scheme incorporates mixed use developments with smart technology and innovation. Non-citizens may acquire built-up residential properties comprising villas, houses, townhouses, apartments and duplexes.

« Ground+2 » Apartments are apartments in condominium developments of at least two levels above ground (G+2), provided the purchase price of an apartment is not less than MUR 6 million or its equivalent in any other hard convertible foreign currency.

• For investment and residency purposes

• The acquisition of one or more allowable immovable properties does not automatically grant a residence permit or a long-stay visa to the non-citizen.

• Regarding the schemes 1 to 4 above (IRS, RES, PDS and Smart City Scheme), the non-citizen and his dependents* (the spouse, dependent child, parent or other dependant Ref : IMMIGRATION ACT Section 5 (1) (i)) are eligible for a residence permit if he has invested a minimum amount of USD 375,000.

• Regarding the scheme 5 (« Ground+2 » Apartments), upon purchase of an apartment at a price exceeding USD 500,000 or its equivalent in any convertible currencies, a non-citizen is eligible to apply for a long-stay visa. A long stay visa allows a non-citizen and his dependents to stay for a consecutive period of ten (10) years, renewable depending on the status of ownership. It remains valid so long as the non-citizen holds the apartment.

• Any non-citizen who intends to stay in Mauritius for a maximum period of one year as a tourist, retiree or a professional willing to come with his/her family and carry out his business or work remotely from Mauritius can apply for a Premium Travel Visa for Long Stays.

• To qualify for the Premium Visa, the applicant should produce proof of his long stay plans and sufficient travel and health insurance for the initial period of stay while meeting the following criteria:

• the applicant should not enter the Mauritius Labour Market but may work remotely for a foreign employer;

• the main place of business and source of income and profits should be outside Mauritius;

• documentary evidence to support the application such as purpose of visit, accommodation etc.; and

• other basic immigration requirements.

• A Retired Non-Citizen is defined as a person who is not a citizen of Mauritius and aged 50 years or above. The applicant should make an initial transfer of at least USD 1,500 or its equivalent in freely convertible foreign currency to his local bank account in Mauritius.

• A holder of an occupation permit as professional may hold shares in a business where he is employed provided that he is not a majority shareholder.

• Thereafter, the Retired Non-Citizen should transfer:

• at least USD 1,500 monthly or ;

• the aggregate of at least USD 18,000 per year or its equivalent in freely convertible foreign currency during the 10 years’ validity of the residence permit.

• At the end of each year, the applicant should submit to the EDB the evidence of transfer of funds into his local bank account of at least USD 18,000 during the year.

• If the Retired Non-Citizen permit holder has transferred at least USD 54,000 or its equivalent in freely convertible foreign currency for a period of 3 years, he is eligible to apply for a 20-year Permanent Residence Permit.

The Dependents of a Permit holder are eligible to apply for a Residence Permit. Dependents are defined as:

• spouse (including Common Law Partner of the opposite sex) ;

• parents; and

• children (including stepchildren or lawfully adopted children) under 24 years old.

In case the dependent wishes to work in Mauritius, he will have to apply for the relevant permit.

A 20-year Permanent Residence Permit may be granted to the following persons :

• The holder of an Occupation Permit – Investor for at least 3 years with a minimum annual gross income of at least MUR 15 million or an aggregate turnover of MUR 45 million for any consecutive period of 3 years.

• The holder of an Occupation Permit – Professional for at least 3 years with a basic monthly salary of at least MUR 150,000 for 3 consecutive years.

• The holder of an Occupation Permit – Self-Employed for at least 3 years with an annual business income of at least MUR 3 million for the 3 consecutive years.

• The holder of a Retired Non-Citizen Residence Permit for at least 3 years with transfer of at least USD 54,000 or its equivalent in freely convertible foreign currency for the period of 3 years.

• An investor who invests at least USD 375,000 in a qualifying business activity is also eligible to apply for the 20-year residence permit.

• A Professional, as defined under the Immigration Act, is an expatriate employed in Mauritius by virtue of a contract of employment.

• You may be eligible for a 10-years Occupation Permit as Professional if you earn a monthly basic salary of at least MUR 60,000. For Professionals in the sector of information and communication technologies (ICT), business process outsourcing (BPO), pharmaceutical manufacturing and food processing, the monthly basic salary should be at least MUR 30,000.

• Professionals may also apply for a Short-term Occupation Permit for a period not exceeding 9 months, renewable only once for a period not exceeding 3 months.

• A Self-Employed is defined as a non-citizen engaged in a professional activity under the services sector only, registered with the Registrar of Businesses under the Business Registration Act 2002, and operating as a one person business activity, working exclusively for his own account.

• To be eligible to a 10-years Occupation Permit as Self Employed, you should make an initial transfer of USD 35,000 or its equivalent in freely convertible foreign currency to your local bank account in Mauritius. For renewal, the business activity should generate a business income of 800,000 rupees per year as from the third year of registration.

• An Investor, as defined under the Immigration Act, is a shareholder and director in a company incorporated in Mauritius under the Companies Act 2001.

• You are eligible to apply for an Investor Permit if :

• For a new business, an initial amount of USD 50,000 or its equivalent in freely convertible currency is transferred in the bank account of the company under which the application will be made.

• For existing businesses and businesses inherited, the company has a net asset value of at least USD 50,000 or its equivalent in freely convertible foreign currency, and generates a cumulative turnover of at least 12 million rupees during the 3 years preceding the application. Qualifying activities: Agro-based industry, Audio-visual, Cinema and Communication, Banking, Construction, Education, Environment-friendly and green energy products, Financial Services, Fisheries and Marine Resources, Freeport, Information Technology, Infrastructure, Insurance, Leisure, Manufacturing, Marina development, Tourism and Warehousing, Initial Public Offerings.

• An initial investment of USD 50,000 or its equivalent in freely convertible currency, of which a minimum transfer of at least USD 25,000 to the bank account of the company under which the application will be made and the equivalent of the remaining value in high technology machines and equipment.

• For renewal of an OP Investor, the company should generate a minimum gross income of MUR 4 million per year as from the third year of registration.

The applicant may be eligible for a 10-year Occupation Permit – Investor for innovative start-ups (“Innovator OP”) if he submits to the EDB an innovative project that satisfies the following conditions (no minimum investment is required)

• The business plan should clearly depict all expenditures related to R&D activities;

• The scheme applies to companies conducting R&D in qualifying sectors including but not limited to life and health sciences, technology, ICT, fintech, biotechnology, nanotechnology, light manufacturing, pharmaceuticals and design;

• The R&D expense component should constitute of at least 20% of total operational expenditure during the research phase;

• The EDB will assess, on a case-to-case basis, each project on its own merit to determine its eligibility to the scheme. It would be on the onus of the promoter to provide for precise, comprehensive, and reliable information on its qualifying activities and the EDB reserves the right to accept or reject qualifying R&D expenditures based on sound interpretation of the innovative and added value aspects of the project. Another route exists: the permit can be granted to the shareholder of a company registered with an incubator accredited with the Mauritius Research and Innovation Council.