Many foreign investors are wont to choose real estate in Mauritius island not only because of the potential investment returns. With the right property holdings on Mauritian soil, they gain a foothold to the few paths on Mauritian citizenship and passport.
The government grants Mauritius nationality to foreigners through these four avenues: registration, adoption, incorporation and naturalisation after residency. A Mauritian passport comes bundled with approval in any of these paths to citizenship.
Foreign investors can gain residency status from any of the various real estate investment schemes of the government. The incentives in these programmes include a permanent resident permit for property purchases valued from USD375,000.
At this price range, great picks are notably available in the 2Futures portfolio of real estate in Mauritius island. 2Futures’ Ki Resort in Pereybere, for instance, offers some choices on luxury apartments priced from USD375,000. 2Futures is developing Ki Resort under the Property Development Scheme (PDS) granting permanent residency to investors.
Besides real estate in Mauritius island, foreign investors can likewise gain the residency status required in naturalisation through investments in other economic sectors. These sectors that the government identified include agro-based industry, information technology, manufacturing, financial services, hotel and tourism, freeport operations, and fishing and marine resources.
Waiting period for naturalisation
The threshold investment here for permanent residency privilege is at USD375,000. The application for naturalisation can be filed after two years of residency in Mauritius.
Naturalisation after residency is also open to foreigners who’ve been living in Mauritius under a work/residence permit. They can apply for naturalisation after living in the country for a continuous 12-month period. And prior to this period, they must’ve lived in Mauritius for five out of the prior seven years.
Obtention of Mauritian citizenship and passport offers a slew of advantages, foremost of which are generous tax incentives for investors. Significantly, investors not only have the opportunity to avail of potent real estate opportunities in Mauritius. There are plenty of Mauritius investment fundsand other financial instruments for investing in other markets like South Africa, China, and India.
The clout of a Mauritian passport
Additionally, a Mauritian passport is ranked amongst the world’s most powerful. As of October 2020, the Henley Passport Index rated the Mauritian passport No. 31 with visa-free access to 148 countries. These include destinations in the European Schengen Area as well as China and Russia.
Get a further reading on the investment prospects in Mauritius, particularly on its vibrant real estate sector. Contact 2Futures for advice on the best property suited for your investment objectives as well as a domicile for the future.
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