How to Secure Residency in Mauritius through Investments

Category: Expats Support Services

Looking for a serene island paradise with excellent investment opportunities? Look no further than Mauritius. As the world’s second-largest source of foreign direct investment (FDI) to India, Mauritius has become a hub for entrepreneurs and investors from all over the globe. But with new changes to their residency by investment program, this opportunity may soon become more exclusive.

Mauritius has always been known for its high-quality of life, breathtaking scenery, and vibrant culture. But in recent years, the country has emerged as a financial and business powerhouse, attracting investors from around the world. With its strategic location and pro-business policies, Mauritius offers unique investment opportunities in a range of industries.

Until recently, one of the primary draws for investors was the country’s residency by investment program. Under this program, foreign investors could secure permanent residency in Mauritius by investing a minimum of $500,000 USD in a government-approved project. However, changes to the program in 2021 mean that it may soon become much harder to secure residency in Mauritius.

The new changes to the residency by investment program have sparked a lot of speculation and concern among investors. But what exactly are these changes, and how will they affect those looking to invest in Mauritius? Let’s take a closer look.

What Are the Changes to Mauritius’ Residency by Investment Program?

The most significant change to the residency by investment program in Mauritius is the increase in the minimum investment required to qualify for residency. Previously, investors could secure residency by investing $500,000 USD in an approved project. However, the new rules require a minimum investment of $375,000 USD in a government-approved real estate project or $500,000 USD in a non-real estate project.

In addition to the increase in minimum investment, the government has also introduced new criteria for residency applications. Under the new rules, applicants must show a net worth of at least $1 million USD and must have held their qualifying investment for at least three years. Furthermore, the program is now capped at 500 applications per year.

Why Invest in Mauritius?

Despite the recent changes to the residency by investment program, Mauritius remains an attractive destination for investors for several reasons. For one, the country has a stable political and economic climate, with a strong and transparent legal system. This makes it a reliable destination for business and investment.

Furthermore, Mauritius has a strategic location, situated at the crossroads of Africa, Asia, and the Middle East. This makes it an ideal hub for business and trade, with access to markets all over the world.

Mauritius is also known for its pro-business policies, with a range of incentives and benefits for investors. The country has a low tax rate, with no withholding tax on dividends or interest. It also has a range of tax treaties with other countries, providing further opportunities for investors.

Finally, Mauritius is a beautiful and welcoming country, with a high quality of life and excellent infrastructure. It is home to a diverse and multicultural population, with a range of cultural and recreational activities available.

How to Secure Residency in Mauritius

While the changes to the residency by investment program may make it more difficult to secure residency in Mauritius, it is still possible for investors who meet the new criteria. Here are the steps you need to take:

Choose a government-approved project: Investors must invest in a government-approved project to qualify for residency. This could be a real estate project, a non-real estate project, or a mix of both.

Meet the minimum investment requirements: Investors must invest at least $375,000 USD in a government-approved real estate project or $500,000 USD in a non-real estate project.

Meet the net worth requirements

Show proof of holding your investment for at least three years: To qualify for residency, you must show that you have held your investment for at least three years.

Submit your application: Once you have met the criteria, you can submit your application for residency in Mauritius. The application process typically takes several months, and applicants are required to undergo a due diligence check.

While the new rules may make it more challenging to secure residency in Mauritius, the country remains an excellent destination for investors. With its strategic location, pro-business policies, and stable political and economic climate, Mauritius offers unique opportunities for those looking to invest in a range of industries.

In conclusion, Mauritius has long been known as a stunning island paradise, but it is now emerging as a financial and business powerhouse. While the recent changes to the residency by investment program may have caused some concern among investors, it is still possible to secure residency in Mauritius for those who meet the new criteria. With its range of incentives and benefits, as well as its stable and welcoming environment, Mauritius remains a top destination for entrepreneurs and investors worldwide.

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Karen Thornalley

2023-03-13 19:01:48

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