The Mauritius investment residency program grants permanent resident status to you and your family members included in your application. The Permanent Residence Permit allows its holder, a non-citizen, to live and work in Mauritius for a period of 10 … by Lorne Philpot. Permanent Residence Permit A holder of an Occupation or Residence Permit is eligible to apply for a 20-year Residence Permit provided the following specific conditions are met: 1. An Occupation Permit (Investor and Self-employed) and a Retired Residence Permit shall be issued for a maximum period of ten years, renewable thereafter as per established criteria. Extension of the Mauritius Permanent Residence Permit to 20 years from 10 years; New conduit for investment. Resort-Style Villas + Luxury Options. Upon a minimum investment of USD$500,000, the investor will be eligible for Permanent Residence Status. (Refer to other permits.) Non-citizens of Mauritius as well as their dependents (spouse or common law partner as well as children, stepchildren, lawfully adopted children under the age of 24 years, or above the age of 24 years who are pursuing full-time education and are wholly dependent on the applicant) can apply for a residence permit through the PDS programme. The Permanent Residence Permit . If you invest a minimum of USD 500,000 into a qualifying activity, you are eligible for this scheme. The state offers free education and protection for the elderly, greater inclusiveness and negative income tax. 1. We also issue Mauritius Passports/Travel Documents, process applications for visa to non-citizens who require an entry permit prior to travel to Mauritius, issue residence permit and occupation permit to persons who want to work, invest, or simply live in Mauritius and experience the invigorating combination of a unique lifestyle and thriving business opportunities. The permit applies to the purchaser’s entire family, including his or her spouse and any children under the age of 24. October 24, 2018 In Mauritius, Blog Mauritius, News and Views By Sovereign 0 comments. The Residence Permit is allocated to foreign national at the stage of retirement and to dependents of OP or residence permit holders. In a related development to mitigate the economic downturn because of Covid-19, the Bank of Mauritius (BoM) is establishing the Mauritius Investment Corporation Ltd. Residence Permit and Visa; Apostile; Passport and Immigration Office; Mauritius National Identity Card for Eligible Mauritians Born Abroad; Department & Other Bodies. Under domestic law, a company is resident in Mauritius for tax purposes if it is incorporated in Mauritius or centrally managed or controlled in Mauritius. Navitas can assist with a complete range of services. Full Birth Certificate of applicant duly legalized/authenticated by competent authority/ bear the seal of "Apostille" of the Hague Convention of 5 th October 1961 (where applicable). A company not incorporated in Mauritius is resident in Mauritius only if it is centrally managed and controlled in Mauritius. There is no requirement to reside in the country after receiving your RP. 66 Properties Found . Persons eligible for Permanent Residents Status . We can also assist with the application of a Permanent Residence Permit. The investment needs to be into a Mauritius based business to access a residency permit. Sottise Road, Grand Baie, Mauritius. IRS and RES owners get a Residence Permit not a Permanent Residence Permit (sorry). Mauritius offers ‘no strings attached’ long-stay visas The island state’s 'premium visa' is proving to be of interest to South Africans. Permanent Residence Permit – You and your spouse may live and work in Mauritius unless you got this using the Retirement Scheme method, in which the retiree cannot work and the spouse needs a work permit. Application to Enter Mauritius Form duly filled and signed by you (the applicant). Mauritius Residency through property investment . Below are the expats or foreign nationals’ choices for buying real estate in Mauritius. Mauritius has announced important changes to immigration law and golden visa scheme for obtaining permanent residency in Mauritius. Mauritius Corporate - Corporate residence Last reviewed - 05 August 2020. Immigration and Permanent Residence in Seychelles. If not, the alternative is to have invested a minimum of USD 500 000 in an economic sector as listed by the government. Investing in Mauritius is attractive in terms of taxation but also in developing business. Renewable, this license is issued for a period of 10 years. Permanent Residence Permit in Mauritius; Office Spaces; Investment Opportunities; Our Blog; Loan Calculator; Schedule a meeting; Siteplan; Contact Us; BECOME A RESIDENT OF MAURITIUS . Mauritius is among the top three countries in the world with the purest quality of air. Last but not least, the Permanent Residence Permit allows a non-citizen to work and live in Mauritius for a period of ten years. The visa is a ten-year residence permit. You must also undertake to transfer at least USD2,500 every month or USD30,000 annually to your bank account in Mauritius with evidence of transfer. Permit-holders are entitled to fiscal residency in Mauritius, provided that they spend at least 183 days a year in the country. Price $569,000. Permanent Residence Permit. PASSPORT REQUIREMENTS Valid passports or other travel documents are required for entry into Seychelles.. 2. Foreigners who having obtained PR status through the acquisition of property under a real-estate scheme can now also work in Mauritius, without having to apply for a separate occupation or work permit, allowing an easier transition for families settling in Mauritius. Buy property investment, Contributions, Capital transfer requirements, Immigration though golden visa, PR card, Cost, Scheme, Agency, Process, processing times in 2020 - EB5 BRICS 3. Bedrooms 1. VISA REQUIREMENT Visa is not required for entry into Seychelles. Mauritius Permanent Residency Mauritius Residency Scheme in the Running : Investment threshold reduced to US$ 375,000. Investor: Holds an OP for at least 3 years with: a minimum annual gross income of at least MUR 15M; or; an aggregate turnover MUR 45M, Property investment in Mauritius is continuing to increase with international investors drawn to Mauritius for its strong business environment, idyllic sun-filled lifestyle, accessibility and the fact that buying property in Mauritius entitles you to a residency permit. You must make an initial transfer of at least USD30,000 to your local bank when first settling in the country. Area 115.6sq.m. It should be noted that this permit does not give the holder the right to vote or citizenship. He will be exempt from work and residence permits. Portugal Residency Visa Mauritius - for Mauritian citizens to allow business investors to move to Portugal and pursue permanent residence permit and citizenship. A period of 10 years if not, the investor will be exempt from work acquire. 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