RETIREMENT PERMIT

Mauritius is fast emerging as a preferred destination for non-citizens looking for an enticing place to spend their retirement years. Here’s a couple of reasons why…

• Stress-free, safe, politically and economically stable with low taxation
• Medical and health services of a world-class standard
• Affordable cost-of-living with good infrastructure and amenities
• Tropical climate and wonderful beaches
• Extensive real estate opportunities, from fully serviced apartments to luxurious villas and beachfront residences
• With several daily flights to Africa, Europe, Middle East and Asia, one is only hours away from family and friends

Get in touch with us about acquiring a property in one of the following categories:

• a residential unit developed under the IRS, RES and PDS
• a residential unit developed in a smart city
• an apartment located in a building of at least two floors above ground floor

The criteria for applying for a Residence Permit as a Retired Non-Citizen is as follows:

a. A Retired Non-Citizen is defined as a person who is not a citizen of Mauritius and is 50 years or above.

b. The initial application for a Retired Permit is for a period of 10 years.

c. A Retired Non-Citizen should make an initial transfer of at least USD 1,500 or its equivalent in freely convertible foreign currency from his/her personal bank account in the country of residence at time of application to his/her personal bank account in Mauritius.

d. Thereafter, the Retired Non-Citizen should transfer at least USD 1,500 monthly or a sum by instalments amounting to at least USD 18,000 annually, during a period of 10 years. Note that this amount is applicable to the principle permit holder only (the dependent spouse and children under the age of 24 are inclusive).

e. Applicants for a Retired Permit in Mauritius should enter Mauritius on a tourist visa (as explained under the ‘Visa’ section of our home page) and after having obtained the Approval in Principle from the Authorities in Mauritius.

f. A Retired Non-Citizen is allowed to hold investments in any companies/businesses in Mauritius. However, the Retired Non-Citizen is allowed to do so only if:

1. he/she is not involved into the day to day management of the Company/businesses;
2. he/she is appointed as director of the Company, it is in a Non-Executive capacity and he does not derive any director’s fees on this appointment.
3. he/she is not deriving any regular fixed salary or employment benefits from any companies/businesses in which he/she holds investments.

How are Dependents defined for the purpose of a RP in Mauritius?

Dependents are defined as spouse (including Common Law Partner of the opposite sex) and children, including stepchildren or lawfully adopted children, under 24 years of age.  The Dependents of an Occupation or Residence Permit holders are eligible to apply for a residence permit.

Source: Visit the official EDB website here for detailed accurate information.