Mauritius offers an attractive retirement opportunity for aged 50 and above through its Retired Non-Citizen Residency Permit. To qualify, applicants must demonstrate a monthly income of at least 1,500 USD or an annual transfer of 18,000 USD to a local bank account in Mauritius. The initial Residence Permit is valid for 10 years and is renewable upon proof of continued financial transfers. After three consecutive years of residency, holders may apply for a 20-year Permanent Residency Permit, provided they meet the financial requirements.

Retired non-citizens holding this permit can invest in any business, though they are prohibited from working or deriving income from these investments. Furthermore, they can acquire residential property through specific schemes such as the Integrated Resort Scheme (IRS) or Property Development Scheme (PDS). Family members, including spouses and unmarried children under 24, may also join the primary applicant under the same residency terms.

The applicants must provide essential documents such as a birth certificate, passport, medical certificate and proof of financial means in respective form. Once approved, the permit allows retirees to enjoy the benefits of Mauritius’s favourable tax environment, although foreign income, including pensions, may be subject to taxation based on applicable double treaty agreements.

Are you interested to know more about the Mauritius Retirement Residency Program and need expert guidance? With over 20 years of international experience, we offer you the tailored services to meet your specific needs. Call us at +44 20 3974 1244 or send us an email at office@vasilpartners.com