Mauritius Extends Permanent Residency from 10 to 20 Years for Investors, Self-Employed, and Retirees.

Mauritius Extends Permanent Residency from 10 to 20 Years for Investors, Self-Employed, and Retirees.

Mauritius has revised its Permanent Residency Permit Scheme by increasing its validity period from 10 to 20 years since September 2020, thereby enhancing foresight for qualified Investors, Self-Employed Professionals, Retired Non-Citizens, and Professionals already holding an Occupation Permit or Residence Permit, as the case may be.

The different eligibility criteria are as follows:

  1. Investor category
    Achieving a minimum annual gross income of at least MUR 15 million or an aggregate turnover of MUR 45M, over a period of three consecutive years
  2. Self-employed category
    Generating an annual business income of at least MUR 3 million for a period of three years
  3. Retired Non-Citizen category
    Effecting a monthly transfer of at least USD 1,500 over a period of three years.
  4. Professional category
    Deriving a basic monthly salary of MUR 150,000 over a period of three years.

A 20-Year Permanent Residence Permit can also be obtained by investing at least USD 375,000 (decreased from USD 500,000) in a qualifying business activity.

More information is available on the following link: https://www.edbmauritius.org/work-and-Live-in-Mauritius

Recognizing the contribution of existing Occupation Permit holders in the economy, Mauritius has offered them the possibility of obtaining a 20-year Permanent Residency, subject to the following conditions: (1) Completion of at least 3 years under an Occupation Permit before 01st September 2020 and (2) Holding a valid Occupation Permit on 01st September 2020. In addition, the holder should have met the basic conditions applicable to an Occupation Permit holder, which are for:

  • Investors; achieving a cumulative turnover of at least MUR 12 million over a period of three years;
  • Self-Employed Professionals, generating a cumulative business income of at least MUR 2.4 million over a period of three years;
  • Retired Non-Citizens, transfer of at least USD 1,500 monthly over a period of three years; and
  • Professionals, deriving a minimum monthly salary of MUR 60,000 over a period of 3 years, with the exception of professionals in the IT and BPO sector for which the minimum monthly salary is MUR 30,000.

The Permanent Residency allows the dependents to be issued with a 20-year permit as well and this encompasses the spouse, children up to the age of 24 years, and parents.