RETIRE IN MAURITIUS
Foreign nationals, above the age of 50 years, may also choose to retire in Mauritius under a Residence Permit (RP). A Residence Permit is issued for a maximum period of 10 years, renewable thereafter as per established criteria. If you intend to not stay retired, you can convert the Residence Permit to an Occupation Permit and start working immediately. Our team of Mauritian immigration specialists will manage the entire process while giving you peace of mind that your assets and/or investments remain secure.
HOW DOES ONE QUALIFY?
- A Retired Non-Citizen is defined as a person who is not a citizen of Mauritius and aged 50 years or above.
- A Retired Non-Citizen should make an initial transfer of at least USD 1,500 or its equivalent in freely convertible foreign currency to his/her local bank account in Mauritius.
- Thereafter, the Retired Non-Citizen should transfer at least USD 1,500 monthly or an annual transfer of at least USD 18,000 or its equivalent in freely convertible foreign currency.
- At the end of each year, the Retired Non-Citizen should submit to the Economic Development, evidence of transfer of funds into his/her local bank account.
BENEFITS
- Dependents of an RP holder may also apply for a residence permit for a duration not exceeding that of the main holder. Dependents are defined as spouse (including Common Law Partner of the opposite sex) and children, including stepchildren or lawfully adopted children, under 24 years of age.
- As a holder of a Residence Permit, a foreign national is eligible to apply for a 20-year Permanent Residence Permit after 3 consecutive years on their permit.
RENEWAL
- A Residence Permit on the basis of Retirement is renewable in country.
- A Residence Permit holder should submit the renewal application at least one month prior to expiry.