Make it Mauritius for broader business, career planning horizon

Entrepreneurs and professionals need an ample time horizon to plot the most fruitful path for a career or business overseas. Considering this fundamental, moving to Mauritius for these folks now offers the best timeframe to carry out their plans on expatriation.

So, if you’re a self-employed professional or an investor searching for growth opportunities abroad, why not make it Mauritius.? The country has raised the validity period of its Permanent Residency Permit Scheme from 10 to 20 years.

Effective since September 2020, this revised timeframe also augurs well for retired non-citizens. It likewise benefits expats working in Mauritius already with an Occupation Permit or Residence Permit. Under certain conditions, they can also apply for a 20-year residency permit.

View properties for sale 

Advantages of moving to Mauritius

Significantly, Mauritius is already a favoured relocation destination of foreigners even prior to its enhanced residency permit scheme. One estimate puts at 42,000 the number of foreigners working and living in Mauritius. This represents approximately 3.2 per cent of the country’s population and excludes the estimated 5,000 foreign spouses of Mauritian citizens.

For those moving to Mauritius, permanent residency on the island offers these advantages:

• Charming tropical island lifestyle
• Hospitable tax regime
• Economic security
• Political stability
• Peace and order
• Inclusive, multicultural community

Foreigners moving to Mauritius can be eligible for Permanent Residency Permit under four categories. These four permit windows and their eligibility criteria are as follows:

1. Investor category – Setting up and running a business generating a minimum annual gross income of MUR 15 million or an aggregate turnover of MUR45 million for 3 consecutive years

2. Self-employed category—producing an annual business income of at least MUR 3 million for three years

3. Retired non-citizen category—effecting a monthly transfer to a local bank of at least USD1,500 over a period of three years

4. Professional category—deriving a basic monthly salary of at least MUR 150,000 over a period of three years

Relocation for the whole family

Foreigners also qualifies for permanent residency when investing at least USD375,000 in a real estate development scheme. The dependents of Permanent Residency Permit holders are also eligible for the 20-year permit in moving to Mauritius These eligible dependents include the permit holders’ parents, partner or spouse, and their children below age 24.

Significantly, the choices are plenty for Mauritius property developments bundled with permanent resident eligibility. 2Futures has several such projects in the pipeline that can easily match the wants and needs of prospective buyers. For these options, contact 2Futures consultants Rinie at +230 5817 75 or rb@2futures.com or Sandra at +230 5474 0302 or sc@2futures.com.

Continue Reading :

4 steps on relocating to Mauritius

Buy a home in Mauritius, a tempting move for expats