Net Asset Value
of USD 50,000
Residency by Investment

Net Asset Value of USD 50,000

A foreigner who owns a business already operational in Mauritius or who has inherited an existing business, is eligible to apply for an Occupation Permit. This 10-year residency permit dispenses the foreigner from processes related to setting up of a company and enable focus to be directed to managing the business.   

Key Features

Determining criteria

Net Asset Value of company of at least USD 50,000 and cumulative turnover of at least MUR 12 million for the 3 years preceding application

Validity

10 years,
renewable

Applicable fee

MUR 20,000 upon approval of application

Renewing criteria

A minimum annual gross income of MUR 4 million as from 3rd year of registration

You should produce evidence that the existing or inherited business has a net asset value of at least USD 50,000 and has achieved a cumulative turnover of at least 12 million rupees over the past 3-year period.

The investment in high technology machines and equipment must be in a qualifying activity including but not limited to agro-industry, aquaculture, healthcare, ICT-BPO, fin-tech, life sciences, biotechnology, manufacturing, ocean economy and renewable energy

You can start the application process online without having to travel to Mauritius. The National Electronic Licensing System is a dedicated online platform that caters for the whole process: from submission of application until issue of the approval in principle letter.

 

For security and identification purposes, you will be required to register prior to the use of the online platform, accessible on the following link https://business.edbmauritius.org/.

Companies incorporated in Mauritius are required to file a return of income with the Mauritius Revenue Authority (MRA) annually and effect payment of tax where applicable. An annual return must also be filed with the Corporate and Business Registration Department.

However, a non-citizen who has a residence permit under IRS/RES/PDS will be exempted from an Occupation or Work permit to invest and work in Mauritius.

As a foreign national, you may acquire a residential property developed under the Integrated Resort Scheme (IRS), Real Estate Scheme (RES), Property Development Scheme (PDS) or Smart City Scheme (SCS). The foreign national is also allowed to acquire an apartment located in a building of at least ground plus two floors.

In addition, a non-citizen who has a residence permit under IRS/RES/PDS is exempted from the requirement to hold an Occupation or Work Permit to invest and work in Mauritius.

Application for a Residence Permit as dependent is made to and determined by the Passport and Immigration Office.

Immigration policies in Mauritius strongly promote family reunion/reunification. Dependents of Occupation Permit holders and/or Retired non-citizens are eligible to apply for a residence permit, allowing them to live in Mauritius for the same duration as the main holder.

Dependents are referred to as spouse (including Common Law Partner of the opposite sex), parents and children (including stepchildren or lawfully adopted children) who are unmarried and not engage in any gainful activity.

Application for a Residence Permit as dependent is made to and determined by the Passport and Immigration Office.

You are eligible to renew your Occupation Permit at its expiry, subject to your company having achieved a gross income of at least MUR 4 million annually, as from the third year of registration.

You are also eligible to apply for a 20-year Permanent Residence Permit, after at least 3 years of residency, provided that the following criteria have been satisfied:

  • achieving an annual gross income of at least MUR 15 million for 3 consecutive years preceding the application for the Permanent Residence Permit application

or

  • achieving an aggregate turnover of MUR 45 million for any consecutive period of 3 years preceding the Permanent Residence Permit application.

For inherited business, you should ensure that the clearance is up to date.

NEW APPLICATION

Preliminary documents to be uploaded online for Approval-In-Principle

  1. Birth Certificate – original (either in English or French) If not, a certified/sworn translated copy by a competent authority should be submitted.
  2. Detailed Business Plan – as per template provided.
  3. Passport – Biodata page
  4. 1 recent colour passport size digital photograph – dimensions 3.5cm (413 pixels) x 4.5cm (531 pixels) (less than six months old)
  5. Signed undertaking – to be filled and signed by the applicant.
  6. Copy of any other permit, if applicableOccupation Permit/Work/Residence Permit 

 

Documents to be uploaded and presented in originals after Approval-In-Principle

  1. Business Registration Card
  2. Certificate of Incorporation
  3. Register of Shareholders and Directors
  4. Financial statement for the last 3 years or evidence of net asset value of USD 50,000 and a cumulative turnover of at least 12 million rupees
  5. Clearances/licenses/letter of intent for regulated activities (GBL, TEL, etc)
  6. Marriage Certificate / Divorce Certificate– original (either in English or French) If not, a certified/sworn translated copy by a competent authority should be submitted.
  7. Medical Certificate and reports – less than six months old
  8. Last entry visa pages
  9. Processing fee
  10. Any other document as may be required.

 

RENEWAL

Preliminary documents to be uploaded online for Approval-In-Principle

  1. Certificate of Incorporation
  2. Business Registration Card
  3. Register of Shareholders and Directors
  4. Clearances/licenses/letter of intent for regulated activities (GBL, TEL, etc)
  5. Passport – Biodata page
  6. 1 recent colour passport size digital photograph – dimensions 3.5cm (413 pixels) x 4.5cm (531 pixels) (less than six months old)
  7. Copy of Occupation Permit
  8. Signed undertaking – to be filled and signed by the applicant

 

Documents to be uploaded after Approval-In-Principle

  1. Processing fee
  2. Any other document as may be required.

 

Note to applicants

All documents uploaded prior and after the Approval-In-Principle must be presented in originals on the appointment date. 

Important Notes

Applying for an Occupation Permit or a Residence Permit by Retirees on the National E-Licensing System (NELS) is free of charge. In addition, the Economic Development Board does not charge any fees for processing of applications for these permits. Only successful applicants are required to pay the statutory permit fees, as prescribed by law, to the Government of Mauritius.

Any other questions ?

You may contact EDB office on
+230 2033800 or send your query below:

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