It is so exciting to live in Mauritius with its excellent standards in terms of real estate, schools and leisure activities, ranging from sea and land to air activities.
All these advantages are available for a cheaper cost of living than that of many other countries. If you have never visited Mauritius and are wondering how life looks like on this paradise island, check out the table below!
|Rental fee||60,000 to 100,000|
|Medical insurance||25,000 to 40,000 annually|
|General insurance||10,000 to 25,000 annually|
|Car purchase||1 to 2M for a new car|
|School fees||15,000 to 25,000 monthly|
Tax rates in Mauritius
Companies benefit from a -15% tax rate, with the following exceptions:
- 3% tax rate if engaged in the exports of goods;
- 3% or less if income sources are dividends and/or interests from a foreign source;
- 3% tax rate on overseas income derived by a Collective Investment Scheme (CIS), closed ended funds, CIS Manager, CIS Administrator, Investment Advisor or Asset Manager;
- No capital gains tax;
- 2% Corporate Social Responsibility (CSR) (not applicable for Global Business Company);
- No withholding tax on payment of dividends to shareholders.
The solutions to live in Mauritius
Occupational Permit (OP)
Permanent Residence Permit (PRP)
Retired Permit (RP)
The whole process may take between one to two months, depending on the flow of information and government body tasked to approve your permit.
You can now stay in Mauritius for a period of over 180 days a year, thanks to the Premium Visa. Applications must be made between Monday and Friday and are generally approved within 48 hours.
The benefits include:
- The possibility to acquire residential property under the Integrated Resort Scheme (IRS), Real Estate Scheme (RES), Property Development Scheme (PDS) or Smart City Scheme (SCS). Non-citizens are also allowed to acquire an apartment located in a ground+2
- No tax on money spent in Mauritius through foreign credit or debit cards. Visitors become tax residents, liable for tax in Mauritius should they spend a minimum of 183 days in the country.
Transition from one country to another can be a cumbersome journey. At Immigration.mu, we want to relieve you from the stress and make everything easy, facilitating the following services:
Acquisition of real estate
Immigration.mu advises foreigners on the best structures to put in place regarding the purchase of their real estate in Mauritius.
Non-citizens and expats are allowed to acquire residential property in Mauritius, under schemes approved and managed by the Economic Development Board (EDB).
A non-citizen can acquire high-end residential properties under the IRS and the RES. Him/herself and his/her dependents are eligible for a residence permit by virtue of the acquisition under the IRS, RES and PDS schemes, once the non-citizen has invested a minimum USD 375,000 for a property.
Owners may rent the property, become tax resident in Mauritius and face no restriction on the repatriation of funds or revenue raised from the sale or renting of the property.
The SCS, which revolves around the “work, live & play” concept, incorporates mixed use developments in cosmopolitan conurbations, with smart technology and pioneering innovation at their core. The focus is to offer residents a happier lifestyle, through the development of self-sufficient cities offering integrated sustainable solutions and ensuring minimum wastage and maximum comfort for the long-term benefit of all citizens and the future generations, irrespective of social and economic class.
Non-citizens may acquire built-up residential properties comprising villas, houses, townhouses, apartments and duplexes.
The PDS, which has replaced the IRS and RES, provides for the development of a mix of residences for sale to non-citizens, citizens and members of the Mauritian diaspora.
A non-citizen is eligible for a residence permit upon the purchase of a villa under the PDS scheme, when s/he has invested over USD 375,000 or its equivalent in any freely convertible foreign currency.
Non-citizens are allowed to purchase apartments in condominium developments of at least two levels above ground (G+2), with the prior approval of the EDB, provided the purchase price of an apartment is not less than MUR 6 million or its equivalent in any other hard convertible foreign currency.
Upon purchase of an apartment at a price exceeding USD 375,000 or its equivalent in any convertible currencies, a non-citizen is eligible to apply for a long-stay visa. A long stay visa allows non-citizens and their dependents to stay for a consecutive period of ten years, renewable depending on the status of ownership. The long stay visa remains valid so long as the non-citizen holds the apartment. A non-citizen wishing to apply for a long-stay visa must make an application to EDB’s CEO.
NOTE: Non-citizens who have a residence permit under one of the schemes will be exempted from an Occupation or Work permit to invest and work in Mauritius.