The Mauritius Permanent Residency Program for Investors grants approved candidates with immediate permanent residence status if they spend a minimum of US$375,000 in either a recognized real estate project or a local business.
More information on the Mauritius Investor Visa
Foreign nationals can apply for a resident permit in Mauritius by making a real estate investment in the country. Successful applicants and their families are granted full residency rights in Mauritius, including the ability to live, work, and retire there.
Applicants for citizenship in Mauritius are eligible after seven years of continuous residency (five years for Commonwealth nations).
Applicants who invest a minimum investment amount of US$500,000 are eligible for two-year fast-track naturalization, albeit tighter physical residency requirements apply.
The Mauritius Residence by Investment Program is the most cost-effective option to get residency in a country with advantageous tax regimes and a competitive business environment. Individuals who invest in the nation’s real estate market can become Mauritian residents within six to eight months under this program.
On the 2023 Global Residence Program Index, the Mauritius Residence by Investment Program is ranked 13th out of 26 programs.
Mauritius residency through investment requirements
The Mauritius Residence by Investment Program requires foreign investors to purchase luxury residential real estate worth at least USD 375,000 in one of the six real estate developments listed below:
- The Integrated Resort Scheme (IRS): Villas, townhouses, penthouses, apartments, duplexes, and services on property larger than 10 hectares
- The Real Estate Scheme (RES): RES units are smaller than IRS units and are built on freehold property no more than 10 hectares.
- The Property Development Scheme (PDS): Integrated initiatives of social benefit to the nearby community, subject to tight environmental standards, and centered on ecology.
- The Invest Hotel Scheme (IHS): New or existing hotel units in which the investor can reside for 45 days during any 12-month period.
- The Smart City Scheme (SCS): Eco-friendly living, working, or leisure places that generate their own energy and water resources, provide cutting-edge connectivity, develop smart modern transportation, and reduce traffic congestion.
- G+2 (Ground +2) Apartment Scheme: Condominium developments with at least two storeys above ground.
Alternative investment options
Alternatively, applicants may choose one of the other qualifying options for 20-year permanent residence listed below. These choices are intended for:
- General investors (shareholders or directors of a Mauritius company): Initial transfer of USD 50,000 for a commercial activity and occupation permit that creates cumulative turnover over a 10-year period.
- High-technology investors (shareholders or directors of a Mauritius-based company): A minimum investment of USD 50,000 in high-tech machinery and equipment for a business activity that creates a cumulative turnover over a 10-year period.
- Innovative start-up investors: USD 40,000 minimum investment and a minimum 20% R&D expenditure, or register with a Mauritian-accredited incubator with a minimum 20% operation expenditure for a 10-year initial residence period.
- Professional investors (contract expatriates employed in Mauritius): A monthly basic wage of roughly USD 1,400 (approximately USD 700 in the ICT industry) for a 10-year initial residency tenure.
- Self-employed investors (in the services sector and registered under the Business Registration Act 2002): an initial transfer of USD 35,000 to a local bank account in Mauritius for a 10-year initial residence period.
- Retired non-citizen investors (50 years or older): an initial transfer of at least USD 1,500 monthly to a local bank account in Mauritius for a 10-year initial residence period (or USD 54,000 over the three-year residence period).
