Mauritius offers a quality lifestyle which combines comfort with luxury, modernity with cultural traditions and work with leisure. A wide range of modern facilities and amenities are available at reasonable costs, comprising quality accommodation, educational facilities, healthcare and medical facilities, shopping centres, recreational and sporting facilities.
The country, through the Smart City Scheme, is offering a plethora of opportunities to global investors to share the vision of Mauritius in creating intelligent, innovative and sustainable cities of tomorrow. With the economic expansion of Mauritius and its pursuit to become a high-income economy, the Mauritian government is promoting openness to foreign investors, talents, know-how and retirees.
Recognized for its pleasant tropical climate and also known for its dynamic economy, attractive tax regimes, political and social stability, multiculturalism, competitive business environment, warm hospitality, exceptional living environment and its multiple investment opportunities, Mauritius is classified as a privileged destination for foreign nationals to invest, work, live and retire.
Foreign nationals may opt to invest, work, live or retire in Mauritius through various avenues namely the Occupation Permit, the Residence Permit, Young Professional Occupation Permit or the Permanent Residence Permit.
The Permanent Residence Permit allows a non-citizen to work and live in Mauritius for a period of ten years. The following categories are eligible for the Permanent Residence Permit.
Holder of Occupation Permit:
Foreign national investor :
A foreign national who has invested a minimum of USD 375,000 into a qualifying activity is also eligible for the 10-year residence permit.
Your options vary from luxurious villas to lifestyles apartments and flats which you can acquire under schemes approved and managed by the Economic Development Board:
A non-citizen also has the opportunity to acquire high-end residential properties under the Integrated Resort Scheme (IRS) and the Real Estate Scheme (RES). The non-citizen and dependents are eligible for a residence permit by virtue of the acquisition under the IRS, RES and PDS schemes when he has invested a minimum amount of USD 375,000. The owners may rent the property, become tax resident in Mauritius and face no restriction on the repatriation of funds or revenue raised from the sale or renting of the property.
The Property Development Scheme (PDS), which has replaced the IRS and RES, allows the development of a mix of residences for sale to non-citizens, citizens and members of the Mauritian Diaspora. A non-citizen is eligible for a residence permit upon the purchase of a villa under the PDS scheme when he has invested more than USD 375,000 or its equivalent in any freely convertible foreign currency.
The Smart City scheme which revolves around the work, life and play concept, incorporates mixed use developments in cosmopolitan conurbations with smart technology and pioneering innovation at their core. The focus is to deliver a happier lifestyle through the development of self-sufficient cities offering integrated sustainable solutions and ensuring minimum wastage and maximum comfort for the long-term benefit of all citizens and the future generations irrespective of social and economic class. Non-citizens may acquire built-up residential properties comprising villas, houses, townhouses, apartments and duplexes.
The Non-Citizens are allowed to purchase apartments in condominium developments of at least two levels above ground (G+2) with the prior approval of the Economic Development Board, provided the purchase price of an apartment is not less than MUR 6 million or its equivalent in any other hard convertible foreign currency.
This article has been prepared for reference. The measures and information mentioned in this article are subject to conditions and change. It is advised not to act on the information without obtaining advice. If you want more information on real estate and investment opportunities in Mauritius, contact us.
Le Morne Brabant, classified as UNESCO World Heritage Site
Monkey at Grand Bassin lake
108 feet of Lord Venkateshwara (unique in the world)
Swimming and diving with dolphins
Bain Bœuf beach and Le Coin de Mire island
The Albion lighthouse
Nature and waterfalls
The Caudan Waterfront
Cap Malheureux church
Golfing on Ile aux Cerfs
Horse riding on the beach