Immigration Series: All about moving to Mauritius

Asia's Tech News Daily

Records of Indians immigrating to Mauritius date back to 1834, when 36 men from Bihar and Bengal set sail for the island nation to work as indentured labour. Currently, 68% of Mauritians are of Indian descent.

Today, India features among the Top 3 countries in terms of nationality of applicants for Mauritius’ Premium Visa. Of late, there has been an increase in the number of enquiries from Indians for other available residency schemes offered by Mauritius.

To further open the Mauritian market to investors and foreign expertise and with a view to long-term stability, the government offers attractive incentives including options for residency through various options.

Residency by investment: Incentives around investment threshold and duration of permit have been implemented to provide increased foresight and convenience to the investor community. A non-citizen can get a 10-year Residence Permit by investing a minimum of USD 50,000 in any qualified business activities with the possibility to apply for a 20-year Permanent Residence Permit after 3 years.

Also read: Immigration series | US, UK, Singapore and 16 more countries that offer residence by investment programs

Residency by acquiring property: Foreign nationals may acquire a residential property developed under the Integrated Resort Scheme (IRS), Real Estate Scheme (RES), the Property Development Scheme (PDS), the Smart City Scheme (SCS) and the Apartment Scheme. The acquisition price must exceed USD 375,000.

The Residence Permit remains valid for so long as the applicant holds the residential property. The spouse and children are also granted a residence permit.

Non-citizens who have a residence permit under IRS/RES/PDS are exempt from an occupation or work permit to invest and work in Mauritius.

Residency by retirement: Retiring in Mauritius, open to those aged 50 or above, requires USD 1,500 monthly via a 10-year Residence Permit. The Residence Permit further offers the possibility to apply for a 20-year Permanent Residence Permit after 3 consecutive years.

A non-citizen retiree can acquire a residential unit or the life rights in respect of a residential unit in an approved project. There is no minimum acquisition price, and the non-citizen can choose to apply for a residence permit for himself/herself and his/her spouse until such time as the property is no longer owned or occupied by the retiree.

Premium visa: Launched in October 2020, the Premium Visa is issued to eligible non-citizens seeking to stay in Mauritius (individually or with the family) for an initial period of more than 6 months up to a year, with an option to renew. It is an invitation to travel to Mauritius, to work remotely, enjoy a long vacation or begin the journey to retirement.

To qualify for the Premium Visa, the applicant must have proof of his/her long-stay plans and travel and health insurance for the initial period of stay.

“With the full reopening of borders, a significant boost in the number of applications for Premium Visa has been noted. As of November 10, 2021, over 1,450 applications have been registered on the online portal from around 100 countries. India features among the Top 3 countries in terms of nationality of applicants,” Sachin Mohabeer, Director of Real Estate & Hospitality of the Economic Development Board, Mauritius, said.

For those intending to work in Mauritius at a later stage, Mauritius allows Premium Visa holders to apply for an Occupation Permit (as Investor, Professional or Self-employed) or Residence Permit (as retiree) for a period of 10 years during their stay in Mauritius.

You can apply for the premium visa on www.edbmauritius.org. There is no processing fee.

Processing time: If all documents are submitted at time of application, it can take around 2 months.

Tax benefits:

You are not taxable on the funds being transferred to Mauritius.

You become a tax resident in Mauritius.

The non-citizen and dependents are eligible for a residence permit when he/she has acquired the property at a minimum amount of USD 375,000. The owners may rent the property and face no restriction on the repatriation of funds or revenue raised from the sale or renting of the property.

Non-citizens who have a residence permit under the acquisition of property scheme will be exempted from an Occupation or Work permit to invest and work in Mauritius.

Real estate options:

At the level of the Economic Development Board, there are over 180 approved projects comprising Integrated Resort Scheme (IRS), Real Estate Scheme (RES), Property Development Scheme (PDS), Senior Living Residences and the Smart City Scheme (SCS) throughout the island. For list of approved projects, visit www.edbmauritius.org/real-estate-hospitality.

In addition, a non-citizen has the option to acquire an apartment located in condominium developments of at least two levels above ground (G+2) and the purchase price of an apartment should not be less than MUR 6 million.

A retired non-citizen can also be granted a resident permit on acquisition of a property.

The most common selling price range for the residential properties across the schemes is MUR 10 M to 50 M which takes over 70% of all sales transactions (USD 1 = MUR 43; MUR 1=INR 1.66).

Know the country

Population: 1.27 million

Area: 1,864 square kilometres

Capital: Port Louis

Currency: Mauritian Rupees (MUR). 1 MUR = 1.72 INR

Safety index: 28th safest country in the world (Global Finance Safety Index, by the Global Finance magazine, July 2021)

Cost of living per person: Basic monthly cost of living would be between

USD 800–USD 1,000 per month

———

Internet Explorer Channel Network
Asia's Tech News Daily
News Related

OTHER NEWS

What does Goa's new voter want?

Of the over 11.56 lakh people eligible to vote in the 2022 Goa Assembly election, 30,599 are first-time voters. December 9, 1963. That day 59 years ago, 2,60,372 Goans walked ... Read more »

One-month-old baby in Delhi recovers from COVID-19, discharged from hospital

The baby was admitted to Moolchand Hospital’s newborn intensive care unit. (Screengrab from video tweeted by @Moolchand_Hosp) A one-month-old Covid-positive baby, admitted to a hospital in Delhi, has been discharged ... Read more »

Videos: Huge volcanic eruption triggers Tsunami in Tonga, alarm sounded across South Pacific

Tonga volcano: The initial eruption lasted at least eight minutes and sent plumes of gas, ash and smoke several kilometres into the air. (Credit: NWS Honolulu Twitter) Frightened Tongans fled ... Read more »

Siddharth Sengupta on 'Yeh Kaali Kaali Aankhein': "Television is too conservative for a story like this"

Tahir Raj Bhasin and Shweta Tripathi in ‘Yeh Kaali Kaali Aankhen’. Fresh off the success of 83, in which he played Sunil Gavaskar, Tahir Raj Bhasin is now looking forward ... Read more »

Look who's riding electric bikes in Bengaluru

Yulu estimates that 17,000 gig workers have used their electric cycles in 2021. The company even designed an electric vehicle with a goods carrier that can carry about 10 kg ... Read more »

In photos: India marks Army Day 2022 with parade, tributes to soldiers

Army chief General Manoj Mukund Naravane, Air Chief Marshal VR Chaudhari and Admiral R Hari Kumar of the Indian Navy pay tributes to martyrs at the National War Memorial in ... Read more »

Review: 'Outlast' offers counsel to businesses starting out on their ESG journeys

Improvement on ESG metrics can mean businesses use resources more efficiently, lower cost of operations, and reduce risks, write the authors. Gone are the days when ‘sustainability’ was seen as ... Read more »

Indian-origin professor Soumitra Dutta appointed dean of Oxford's business school, Anand Mahindra, others congratulate him

Soumitra Dutta has helped several governments in formulating technology and innovation policies. Soumitra Dutta, a renowned professor of Indian origin, has been appointed the dean of the Saïd Business School ... Read more »

Instant guide to gourmet pizza

(Representational image) Pizza started out as a simple peasant dish of bread and tomato sauce in Italy. Today, there is a dizzying array of styles, crusts, toppings. Free pizza is ... Read more »

Armaan Malik: "English pop music is going to run parallel with my Bollywood and regional music"

Singer-songwriter Armaan Malik. Armaan Malik recently dropped his fourth English solo track ‘You’. The 26-year-old singer-songwriter who sings in a dozen different languages, became the first artist to top the ... Read more »

The first Tamil phrase Anand Mahindra learnt while in school

Anand Mahindra said that he has used “poda dei”, which translates to “go away”, many times. “Sometimes loudly, but usually under my breath,” he added. Industrialist Anand Mahindra, in tweet ... Read more »

Clap, don't chant: China aims for 'Zero COVID' Olympics

File image of preparations for the 2022 Beijing Winter Olympics (Image Source: AP) Athletes will need to be vaccinated or face a long quarantine take tests daily and wear masks ... Read more »

EXPLAINER: How Novak Djokovic plans to fight deportation in court

Following the annulment of this visa, Novak Djokovic could face possible deportation from Australia, ending his chances to win the 21st major title at the upcoming Australian Open tournament. Novak ... Read more »

The Tippling Point | The tequila that shot to dizzying heights

Jose Cuervo Tradicional is made with 100% agave while Especial Silver and Gold are mixto – only 51% of the alcohol comes from agave. “Jose Cuervo you are a friend ... Read more »

Hitachi's Rich Legacy in India

Moneycontrol journalists were not involved in the creation of this content. Read more »

Day after Groww, Zerodha app down for many users during trading hours

Twitter users suggested that Zerodha improve its servers. Many users of stock brokerage platform Zerodha faced troubles with the application on Friday and took to Twitter to voice their grievances. ... Read more »

Dogecoin value jumps after Elon Musk tweets it can be used to buy Tesla merchandise

Elon Musk has said when it comes to transactions per day, Dogecoin is a better currency than Bitcoin. A five-word tweet by billionaire Elon Musk led to a mcryptocurrencyassive jump ... Read more »

When Ratan Tata met Guns N' Roses star Slash at Jaguar outlet

Ratan Tata met Slash of Guns N’ Roses at a Jaguar store in California. (Image credit: Photo Instagrammed by ratantata) Industrialist Ratan Tata on Friday recalled his meeting with Slash, ... Read more »

Review: Yeh Kaali Kaali Aankhen has all the trappings of '90s Bollywood pulp, but lacks cinematic breadth and feel

Tahir Raj Bhasin and Anchal Singh in ‘Yeh Kaali Kaali Aankhen’. In form, Sidharth Sengupta’s Yeh Kaali Kaali Aankhen assuredly returns to 1990s’ Bollywood pulp in certain ways—scenes are treated ... Read more »

Novak Djokovic could face deportation as visa cancelled for the second time ahead of Australian Open

Following the annulment of this visa, Novak Djokovic could face possible deportation from Australia, ending his chances to win the 21st major title at the upcoming Australian Open tournament. The ... Read more »

Redmi Note 11S design leaks, could feature 108MP camera from Xiaomi 11i HyperCharge

Redmi Note 11S price in India is expected to be around Rs 17,000. Redmi Note 11S design renders have leaked online. The upcoming smartphone is expected to be priced at ... Read more »

'Bachpan ka Pyaar' boy Sahdev Dirdo, 10, to launch NFT collection

Sahdev Dirdo’s viral “Bachpan ka Pyaar” clip was shot by his teacher nearly two years ago. (Image credit: Photo Instagrammed by noften_nft) Sahdev Dirdo, the 10-year-old who gained internet fame ... Read more »

Singer Ronnie Spector, best known for 'Be My Baby', dies after battle with cancer

Ronnie Spector died after a brief battle with cancer. Ronnie Spector — the cat-eyed rock ‘n’ roll singer who fronted the 1960s group the Ronettes, whose era-defining hits included the ... Read more »

Kylie Jenner beats Ariana Grande to become most followed woman on Instagram, crosses 300 million followers

Kylie Jenner is pregnant with her second child with partner, rapper Travis Scott. With over 300 million followers, makeup mogul and social media personality Kylie Jenner is now the most-followed ... Read more »

On Jeff Bezos' birthday, throwback photos from partner Lauren Sanchez and a note on what the world doesn't see

Amazon boss Jeff Bezos’ girlfriend Lauren Sanchez posted a photo montage capturing his journey from being a child having fun to the billionaire boss that he is today. (Screengrab from ... Read more »

OnePlus 9RT launch in India today at 5 PM: Check leaked price, specifications

OnePlus 9RT specifications include a Snapdragon 888 SoC, a 4500 mAh battery with 65W fast charging. OnePlus 9RT launch in India is set to take place at 5 PM IST ... Read more »

Page from 1984 Spider-Man comic auctioned at record $3.36 million.

The auction of the page from the Spider-Man comic book took place in Dallas on January 13. (Image posted on Instagram by Heritage Auctions) A single page of artwork from ... Read more »

Wordle fans are downloading like crazy another app by the same name

Steven Cravotta created an app called “Wordle!” when he was 18. As Wordle, the five-letter online word game continues to be a global rage, a US-based marketing coordinator noticed that ... Read more »

Anand Mahindra wants to wish Indians on ‘each and every' harvest festival. Seeks Twitter's help

“Each year I miss out on one of them,” Anand Mahindra said about harvest festivals in India. Industrialist Anand Mahindra on Thursday asked his Twitter followers for a definitive list ... Read more »

OnePlus 9RT India launch event today at 5 PM: Where to watch the livestream

OnePlus 9RT specifications include a Snapdragon 888 SoC, a 4500 mAh battery with 65W fast charging. OnePlus 9RT launch in India is scheduled to begin at 5 PM local time. ... Read more »

OnePlus 9RT India price, specifications announced; available during Amazon Great Indian Republic Day Sale

OnePlus 9RT specifications include a Snapdragon 888 SoC, a 4500 mAh battery with 65W fast charging. OnePlus 9RT launched in India is the latest premium smartphone from the Oppo sub-brand. ... Read more »

'Then Polo, now Dolo': 7 paracetamol memes we could relate to

One of the Dolo-650 memes that has been doing rounds in Twitter. Between the third wave and flu doing rounds in the country, there is hardly anyone who does not ... Read more »

Storyboard18 | Ads hurting religious sentiments, mocking men offend Indians: report

Among the ads deemed offensive were those that seemingly provoked children’s interest in ‘adult life’, particularly in the idea of sexuality and physical intimacy. Months after advertisements for Fem Bleach, ... Read more »

'Human' review: Even Shefali Shah can't save this excruciatingly slow medical drama

Shefali Shah in ‘Human’, on Disney+Hotstar. (Image: screen grab) K-drama fans are used to watching 16 episodes a season avidly because the narrative moves forward at a demented pace, even ... Read more »

Watch: Virat Kohli's stump mic rant after dismissal of South Africa's Dean Elgar is overturned

India vs South Africa: Virat Kohli made his frustration clear by kicking the ground and venting into a stump mike when the decision went in favour of the opposite team. ... Read more »

Australian Open is much more than Djokovic

Rafael Nadal at the 2021 French Open. Novak Djokovic, Roger Federer and Nadal are all tied tantalisingly on 20 Grand Slam titles. (AP Photo/Michel Euler) For a second year in ... Read more »

Anahita Dhondy: "We receive a story with every dish"

Chef Anahita Dhondy says she’s currently working on a restaurant project that’s coming in 2022. Anahita Dhondy, who among other things is a celebrity chef and social media influencer, is ... Read more »

Army Day 2022: History, significance of the day and wishes for soldiers

Army Day 2020: Army Day in India is marked with parades and military shows in Delhi and Army headquarters across the country. India is celebrating Army Day on January 15 ... Read more »

My Family and Other Globalizers | When home is the world

(Representational image) Many children today do not experience place in the same way as their parents did growing up. Note to readers: My Family and Other Globalizers is a weekly ... Read more »

Australian Open: Tennis players tired of the Novak Djokovic circus

File image of Novak Djokovic (Image Source: Reuters) Leading players at the Australian Open said on Saturday they were tired of the Novak Djokovic saga overshadowing the year’s first Grand ... Read more »
On free-english-test.com you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic