Retirement in Mauritius & why it is so appealing!
Retirement in Mauritius
What is so appealing about retirement in Mauritius?
Mauritius offers a tax system that backs you up.
Undeniably, it will present you with amazing living conditions
With an investment of at least $ 370,000 in one of these real estate programs, you will be granted a Permanent Residence Permit. This will be for you, your spouse and children until they reach the age of 24.
The acquisition of an apartment in a Ground + 2 residence of a minimum of 6 million Mauritian rupees (€ 150,000) is also possible. This will only grant you the right to stay on the island 6 months a year.
What about Health for those who are interested in Retirement in Mauritius?
Retirement in Mauritius exposes you to a cultural kaleidoscope
Mauritius is known as the “Melting Pot”. This is reflected in particular by the diversity of Mauritian cuisine as well
The island of Mauritius “Comes to life” in many ways by the local and diverse festivals that are celebrated.
The island has excellent restaurants and supermarkets. There is also a wide variety of sports and leisure activities to keep you busy. To add, the climate and quality of life in Mauritius is like no other.
Residence Permit for Retirement in Mauritius
Foreign pensioners are able to come to Mauritius and spend more than three months per year, and obtain a Retired Non-Citizen status. This is valid for three years.
In order to get the Residence Permit as Retired Non-Citizen, applicants must meet the following criteria:
- Be 50 years old and above
- Show evidence of the initial transfer of USD 2,500 into the local bank account when applying for the Residence Permit
- Effectuate a transfer of at least USD 120,000 over three years into the local bank account
- Not allowed to receive a salary from a Mauritian company, or work in Mauritius
- Do not repatriate the funds to the country of origin (unless the Retired Non-Citizen Permit has been cancelled)
- Submit proof of transfer of at least USD 40,000 into the Mauritian bank account, to the Board of Investment (BOI) at the end of each year
- Have a Mauritian bank account
- Transfer at least USD 2,500 or its equivalent in freely convertible foreign currency to a bank account in Mauritius – this amount must be credited to the account before submitting an application to the Board of Investment. The bank account must contain at least USD 40,000 per year, over the course of three years
The application pack must include:
- BOI Registration form for Retired Non-Citizens
- Application Form for Residence Permit
- Signed Letter of Undertaking
- Processing fee (must be an office cheque or bank draft) of Rs 20,000 addressed to the Government of Mauritius
- Personal documents:
- Passport (bio-data page and last entry visa page)
- Original and copy of the Birth Certificate (in English or French language)
- Original and copy of the Marriage Certificate, or Divorce Certificate if applicable
- Four recent colour identical passport-sized photos
- Medical certificate with original medical reports (must not be older than six months)
- Evidence of the transfer of funds from a foreign bank account to a local one
- Morality Certificate/Certificate of Good Character for ten years preceding the date of application (but the document should not be older than six months)
Right to Invest by Retired Non-Citizen
What are the benefits of the Residence Permit?
Dependents are defined as spouse (including Common Law Partner of the opposite sex) and children, including stepchildren or lawfully adopted children, under 24 years of age.
A holder of a Residence Permit is eligible to apply for a 10-year Residence Permit.
How does renewal work?
If you would like to start the process of setting up for your retirement in Mauritius, please click on the link below and fill out the necessary details.
Once you have completed this, our expert concierge will reach out to you about the next steps!