Mauritius offers 10 year work and live residency to investors
Mauritius Offers 10-year Work and Live Residency to Investors and Self-Employed Professionals
In September 2020, Mauritius transformed its work and live regime for investors and self-employed professionals by extending the duration of its Occupation Permit Scheme from 3 years to 10 years. Also, the initial investment criteria for an investor to obtain an Occupation Permit has been lowered from USD 100,000 to USD 50,000. The investment threshold for the Self-Employed category however has been maintained at USD 35,000.
The 10-year occupation permit is renewable upon satisfying certain business volume criteria which, as from the 3rd year, is a minimum annual gross income of MUR 4 million for Investors, and an annual business income of MUR 800,000 for the Self-Employed.
Investments in high technology machines & equipment and in innovative start-ups have different applicable criteria.
More information is available on the following link: https://www.edbmauritius.org/work-and-Live-in-Mauritius
During their residency in Mauritius, the spouse, children aged 24 years and below, and parents of an Investor or Self-Employed Professional are also eligible for a residence permit, allowing them to live in the country for the same period.
Investors and Self-Employed Professionals have a wide range of possibilities to cater for their accommodation needs, spanning from leasing residential properties to the acquisition of a residential unit in an approved residential scheme, such as the Integrated Resort Scheme, the Real Estate Scheme, the Property Development Scheme, and the Smart City Scheme. Acquisition of apartments outside the schemes is also possible, provided that the apartment is in a building which is Ground + 2 Levels minimum and the price exceeds MUR 6 million.
While investment is possible in a wide array of economic sectors, the following sectors have been attracting most investments under the Occupation Permit Scheme: Professional services, Financial services, Import and Export, ICT & Media, Hospitality, and Manufacturing. Mauritius provides a host of incentives to investors in different sectors of the economy.
Mauritius is a destination of choice for investors across the globe, including from France, South Africa, India, Britain, Belgium, Italy, and China.