Mauritius Citizenship By Investment 2022
Mauritius Citizenship By Investment 2022
High-net-worth individuals (HNWs) can get citizenship or a second passport by investing in one of two ways:
Mauritian Citizenship By Investment
By paying a non-refundable donation of USD 1 million to the Mauritius Sovereign Fund, foreigners would be eligible to get Mauritian citizenship. Investors can include their spouse and dependent children for an extra non-refundable donation of USD 100,000 per passport.
Mauritian Passport By Investment
Under this plan, foreigners will get a Mauritian passport by contributing USD 350,000 to the Mauritius Sovereign Fund. Investors can include their spouse and dependent children for an extra non-refundable donation of USD 50,000 per passport. By investing USD 350,000 in real estate, it is now feasible to obtain an immediate permanent residency (instead of USD 500,000). Another essential change revealed that a permanent residency card will now be valid for 20 years rather than ten years.
The only apparent difference between the USD 1 million and USD 500,000 plans is that the former gives citizenship while the latter provides a passport. Suppose the investor has lived in Mauritius for a continuous period of not less than two years before the date of his application. In that case, he will be naturalised as a citizen of Mauritius under the USD 500,000 plan.
Having visa-free travel to 145 countries is one of the key advantages of being a Mauritius citizen. The EU Schengen region, China, Russia, and the United Kingdom are among these countries.
Mauritius Golden Visa: All You Need To Know
The minimum investment amount for an investor or a holder of immovable property to obtain the status of Permanent Resident will be reduced from USD 500,000 to USD 375,000 under an existing scheme.
Noncitizens with a Residence Permit, Occupation Permit, or Permanent Residence Permit will be able to purchase one plot of serviced land with a maximum area of 2,100 m2 for residential purposes within intelligent cities to attract and retain foreign talent and businesses.
This poll will run for two years, finishing on June 30, 2022.
Non-citizens will have five years to finish building a residential structure. The total area of all serviced land plots for sale shall not exceed 25% of the land area designated for residential development. For more information, please visit here.
Immigration Changes To Mauritius Golden Visa
Some of the essential changes to the immigration rules
- The Work Permit and Residence Permit will be combined into one permit.
- The validity of an Occupation Permit (TOP) and a Residence Permit for retirees extended to 10 years renewable.
- The minimum investment amount for obtaining an Occupation Permit (OP) will be reduced from USD 100,000 to USD 50,000.
- The minimum turnover and investment requirement for Innovator Occupation Permit are removed.
- The EDB will be the only agency responsible for determining and recommending OP applications.
- Professionals with an OP and foreign retirees with a Residence Permit will be able to participate in other businesses with no restrictions on shareholding.
- Non-citizens who have a residence permit under the various real estate schemes will no longer require an Occupation or Work Permit to invest and work in Mauritius.
- The Permanent Residence Permit will be extended from 10 to 20 years.
- OP and Residence Permit holders will be eligible to apply for a Permanent Residence Permit if they have held the permit for three consecutive years.
Investors can get fast track Mauritius citizenship in just two years after spending a set sum in real estate or commercial activity. As of 2019, Mauritian nationals can visit 145 countries without obtaining a visa. The EU Schengen zone, China, Russia, and the United Kingdom are among these countries.
Mauritius Citizenship By Investment Program Versus Caribbean Citizenship By Investment Programs
The CBI Index is a ranking system that uses a range of measures to assess the success and attractiveness of global citizenship by investment programs. Based on seven pillars, it evaluates all citizenship-by-investment initiatives. The seven pillars that make up the CBI Index are freedom of mobility, level of life, minimal investment outlay, obligatory travel or residence, Citizenship timeframe, simplicity of the procedure, and due diligence.
Using such an approach to compare the capital contributions made by investors and the advantages they obtain in the Mauritius citizenship by investment program with the Caribbean citizenship by investment programs will bring us to one conclusion.
Mauritius wants more than twice the price of Caribbean Citizenship by Investment programs (the Dominican Republic Citizenship by Investment Program, Antigua and Barbuda Citizenship by Investment Program, Grenada Citizenship by Investment Program, Saint Lucia Citizenship by Investment Program, St Kitts and Nevis Citizenship by Investment Program). At the same time, Caribbean citizenship by investment schemes provides visa-free travel to various places, including the Schengen Zone of the European Union.
A wide range of citizenship-by-investment programs is offered, catering to various investor demands and resources. Purchasing one of these is not a choice to be made lightly. We recommend that you look into the other programs to see what they offer and understand which citizenship by investment option is ideal for you.