starting at USD375,000 . Non-citizens with a Residence Permit under PDS will be exempt from the requirement to obtain an Occupation or Work Permit in order to invest and work in Mauritius . The holder of the Residence Permit is entitled to residency in Mauritius for as long as the property is owned .
Occupation Permit Mauritius An alternative residency by investment route into Mauritius is via an Occupation
Permit . Those wishing to apply for an Occupational Permit to work and reside in Mauritius can do so under the three categories : Investor ($ 50 000 investment ), Self-Employed ($ 35 000 investment ) and Professional ( salary of $ 1500 monthly ).
The Investor and Self-employed permits are issued for a maximum period of ten years and are renewable subject to conditions . The Professional permit is issued for a maximum period of three years ( also issued for a maximum of 10 years ) depending on the duration of the contract of employment and is renewable subject to conditions .
Occupation Permits can be converted into a 20-year Permanent Residency Permit only three years after issue , provided that the holder meets the relevant criteria .
Residency permit by Retirement Retiring in Mauritius may be your best choice of residence if you are aged 50 or above . A Retired Non-Citizen can apply for an initial ten-year Residency Permit . The requirements are to make an initial transfer of at least USD1,500 at the time of issuance of the permit to his / her local bank account in Mauritius .
A Retired Non-Citizen Residence Permit holder is then required to transfer at least USD1,500 per month or at least USD18,000 per year on aggregate during the ten-year validity of the Residence Permit . Retired Non-Citizen Residence Permit holders can apply for renewal or a 20-year Permanent Residence Permit provided they have held the residency for at least three years and have transferred at least USD , 54,000 during the three years preceding the application .
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SA Real Estate Investor Magazine APRIL / MAY 2023 16