Obtaining a Mauritian Residence permit through real estate investment

Imagine a place where the sun shines almost every day, where white sandy beaches border turquoise waters, and where everyday life unfolds to the gentle rhythm of the waves and welcoming smiles. It's not just a daydream, it's Mauritius! This tropical paradise could become more than a holiday destination for you. By wisely choosing to invest in Mauritian real estate, you can turn this dream into your everyday reality, thanks to obtaining a residence permit.

You're probably wondering how this works, right? Is it really within your reach or just one of those distant promises reserved for an elite? Rest assured: with the right information and a bit of preparation, the path to your new life in Mauritius is much more accessible than you might think.

We present the process, step by step, to show you how real estate investment can be your key to not only owning a piece of this paradise but also living there. 

The advantages of the Mauritian residence permit

So why does Mauritius attract those looking to invest in real estate, to the point of wanting to establish their residence there? The answer is simple yet so rich. It is a place where the quality of life, tax benefits, and the quality of infrastructure combine to offer an unparalleled experience. But let's take a closer look at what this means for you.

Freedom and quality of Life

First, let's talk about freedom. Living in Mauritius means granting yourself the freedom to enjoy a secure environment, a multicultural and open society, all under an enviable tropical climate. Do you love golf, diving, or simply relaxing on a paradisiacal beach? Mauritius opens its doors to you. But that's not all. This jewel of the Indian Ocean is also renowned for its political and economic stability, making it fertile ground for investors and a haven of peace for residents.

A favorable tax framework

Have you heard about the tax benefits of Mauritius? They are indeed quite attractive. With a unique tax rate of 15% and no wealth tax, the island presents itself as a legal tax haven for those looking to optimize their investments. Moreover, as a resident, you will benefit from an exemption on dividends and capital gains, which is far from negligible.

World-class services

Living in Mauritius also means accessing world-class health and education services. Medical facilities offer quality care and are equipped with the latest technologies. As for education, international schools offer globally recognized programs to ensure a bright future for your children. And let's not forget high-speed internet connectivity, essential today, which will allow you to stay connected with the world, whether for work or leisure.

Eligibility criteria for obtaining the Mauritian residence permit

Concretely, how does it work? What are the criteria to fulfill for this dream to become a reality?

Investment: the entry ticket

It all starts with a number: the minimum required investment. To qualify for a residence permit in Mauritius, you must invest at least 375,000 USD in real estate. This may seem substantial, but when you think about the quality of life it opens up, the investment is worth it. After all, isn't it said that you have to invest to reap?

What type of property?

You're probably wondering exactly what you can invest in. Mauritius offers a range of options: luxury villas, sea-view apartments, or properties within IRS, RES, or PDS developments, specially designed to attract foreign investors. These acronyms designate high-end real estate programs that not only guarantee a high standard of living but also the possibility of obtaining a residence permit. A variety of choices are available to you, depending on your preferences and budget.

The purchase must be made in government-approved projects to be eligible for the residence permit. That said, these projects are numerous and diversified, offering a wide range of choices for all tastes.

And after the purchase?

Once your property is acquired, the residence permit is not automatically awarded to you. There is a process to follow, but rest assured, it is less complex than it appears. The Mauritian government is keen to attract investors like you, and the procedures have been simplified to this end.

The steps to obtain the Mauritian Residence Permit

Once your real estate investment is made, it's time to tackle the paperwork, but don't worry, the process is surprisingly smooth. 

1. Gather the documents

The first step involves gathering all the necessary documents. This includes, but is not limited to, your passport, a proof of purchase of your real estate, and of course, the residence permit application form. This may seem basic, but paying close attention to the details here can save you a lot of hassle later.

2. Submit your application

Once your documents are in order, the next step is to submit your application. This is generally done online, greatly simplifying the process. The Mauritian government has set up an efficient system to handle these requests, guaranteeing a response within reasonable timeframes.

3. What next?

Once your application is submitted, you will need to wait. The processing time can vary, but the good news is that Mauritius is renowned for its efficiency in this area. In the meantime, why not plan your move or explore further what the island has to offer?

Once a Resident

Congratulations, your application has been accepted! You are now a Mauritian resident. This opens up a world of possibilities. Not only can you live and work freely on the island, but you also benefit from all the previously mentioned advantages, such as tax incentives and access to quality services.

Becoming a resident of Mauritius is one thing, but settling in and living there is another. Fortunately, the island is welcoming, and the expatriate community is thriving. You will quickly find your place in the sun, whether by enjoying island life or exploring the business opportunities Mauritius has to offer. For more information or to find the ideal real estate, contact us!