Property Finder Mauritius Brochure Edition 1 | Page 14

Permits in Mauritius

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 OP – Occupation Permit & the RRP – Retired Residence Permit The Occupation Permit ( OP ) is a combined work and residence permit which allows foreign nationals to work and reside in Mauritius under 3 specific categories namely : 1 . Investor 2 . Professional 3 . Self-Employed
Foreign nationals , above the age of 50 years , may also choose to retire in Mauritius under a Residence Permit ( RP ). An Occupation Permit ( Investor and Self-employed ) and a Retired Residence Permit shall be issued for a maximum period of ten years , renewable thereafter as per established criteria . An Occupation Permit under the Professional category shall be issued for a maximum period of three years or as per the duration of the contract of employment , renewable thereafter as per established criteria . Dependents of an OP or RP holders may also apply for residence permit for a duration not exceeding that of the main holder . Here ’ s how to acquire a Residence Permit ( RP ) in Mauritius . Investor : There are two ways of qualifying as an investor for a PRP . The first is to have held an occupation permit for a minimum of three years right before you apply for a PRP . In addition to this , your company ’ s annual turnover must exceed MUR 12 million . The second way to become eligible is to invest USD 50,000 in any of the following : agro-based industry , audio-visual industry , cinema and communication industry , banking and financial services , construction , environmentally sustainable products , information technology , education , Freeport , infrastructure , insurance , leisure , manufacturing , warehouse , marina development , tourism and recreation .
Professionals : A Professional , as defined under the Immigration Act , is an expatriate employed in Mauritius by virtue of a contract of employment . 1 . A Professional should earn a monthly basic salary of at least MUR 60,000 . 2 . 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 . 3 . Professionals may also apply for a Short-term Occupation Permit for a period not exceeding 9 months . The OP may be extended only once for a period not exceeding 3 months .
Self-employed : A Self-Employed is defined as a non-citizen engaged in a professional activity under the services sector only and registered with the Registrar of Businesses under the Business Registration Act 1 . A Self-Employed should operate a one-person business activity , working exclusively for his / her own 2 . A Self-Employed should make an initial transfer of USD 35,000 or its equivalent in freely convertible foreign currency to his / her local bank account in Mauritius . 3 . For renewal , the business activity should generate a business income of 800,000 rupees per year as from the third year of registration .