Being known for its multicultural aspects, tropical environment, and consistent economic growth in the past many decades, Mauritius is a desirable place for business holders and investors. Because Mauritius is an island country in the Indian Ocean, it's a dream place to live in. Most importantly, its dynamic economy, attractive tax regimes, huge net worth individuals, and amazing business landscapes make it a centre of attraction.

Residence by investment in Mauritius is entirely different from a regular work permit for Mauritius and is beneficial for foreign individuals in many ways as they can enjoy the lifestyle of native people with some additional advantages of the Southern African Development Community (SADC) citizens. Mauritian residence by investment ranks 10th among the 24 Global Residence Program Index.

Foreign individuals are eligible for this residence permit if they invest USD 375,000 or an equivalent, in freely convertible currency. Those who invest in the real estate market are the most eligible to get a residence by investment in Mauritius (in 2 to 6 months). You have to invest in one of the four prime real estate projects in Mauritius. 

• The integrated resort scheme - IRS
• The real estate scheme - RES
• The property development scheme - PDS
• The smart city scheme - SCS

To apply for the investment visa for Mauritius, generally, you need the following documents

• Original passport and passport-size photos
• Educational and experience certificates
• A business plan
• Proofs of investment funds
• Birth and marriage certificate
• Evidence about shareholders & directors  
• Evidence of business registration 
• Certificate of the company
• Health and fitness certificate 
• Documents about the job description 
• Professional resume 
• A short overview of the activities of the corporation

When to Apply
In order to avoid any inconvenience, you should apply for residence by investment visa to Mauritius, at least 3 to 4 months before you have to enter Mauritius.  

How to Apply

• A foreign investor has to apply for the permit by filling out the prescribed form and submitting the fee. 
• There should be coordination in real estate investment and the duration of the residence permit. Funds for investment should be transferred from outside Mauritius via an authorized Mauritian bank.
• You have to choose the preferred property for investment after carefully checking the options. To apply for residence by investment in Mauritius, first, the investment is approved, and the applicant has to submit the application for residence to the Economic Board of the Republic of Mauritius.

Visa Processing Time
Application processing time is 2 to 3 months.

Duration 
Residence by investment allows you to live in Mauritius for 20 years and the permit is renewable for the next 20 years.

Fees 
USD 3000 is the permanent residence fee for the main applicant
USD 2000 is the permanent residence fee for dependents

To get more recent and appropriate fee information, you should consult the Mauritian embassy serving your region or have a proper consultancy from a visa consultant to avoid any discomfort.

A visa extension is required when the original visa is about to expire. Visa holder has to get a renewal by submitting the necessary documents at the immigration office. You need to keep a check on the visa expiry date mentioned on the visa and apply for an extension at least one month before the expiry. The residence by investment for Mauritius has a duration of 20 years and you can apply for an extension for the next 20 years. 

Does residence by investment permit lead to citizenship?
Yes, after 7 years of residence in Mauritius, you can apply for citizenship. 

Are dependents allowed on investment by residence?
Yes, dependents are allowed as long as the main applicant’s visa is applicable. Dependents, including spouses/partners, parents, and unmarried and financially dependent children are allowed to live in Mauritius as long as the residence permit doesn't expire.

Is the property a good investment in Mauritius?
Yes, property investment is increasing day by day in Mauritius.