Retiring in
Mauritius
The Mauritius Retired Non-Citizen Scheme
A much coveted tourist destination known the world over, existing schemes targeting principally foreigners, namely
the tropical island of Mauritius is fast emerging as a preferred IRS/RES/PDS, the PDS or Property Development Scheme
destination for non-citizens looking for an enticing place to having now replaced the former Integrated Resort Scheme
retire. With its all-year-round temperate climate, first-class (IRS) and Real Estate Scheme (RES). If the investment in the
infrastructure and harmonious living, this rainbow nation property is at least US$500,000, the acquirer will be entitled
with an affordable cost of living has, since 2006, opened to a permanent residence permit. Foreigners having held a
its doors to eligible non-citizens looking for a stress-free permanent residence permit for at least 10 years may, after
retirement. that time has elapsed, apply for citizenship with the Prime
Minister’s Office. For more information on the Mauritius
Applications for a residence permit under the Retired Non-
Citizen (RNC) scheme should be filed with the Economic
RNC scheme, please visit www.investmauritius.com
Eligible applicants should be aged 50 years or above. Why is the island gaining popularity among retired
non-citizens?
Retired applicants should also prove their ability to transfer Since the introduction in 2006 of various schemes to attract
US$40,000 (or equivalent in any freely convertible currency) foreign nationals to invest, work or retire in Mauritius, over
annually to an account with a Mauritian bank. A residence 17,000 Occupation and Residence Permits have been issued
permit is issued for three years, after which time the retiree to non-citizens, of which some 4,500 holders are currently
may apply for a renewal or for a permanent in the country. Retired non-citizens make up 10% of that
residence permit, which is valid for 10 figure and their numbers are on the rise. In the Mauritian
years. Dependents of a retired non- government’s last budget speech, measures were announced
Development Board (formerly the Board of Investment).
citizen, including children under
to further entice retired non-citizens to their shores.
the age of 24, are also eligible to
apply for a residence permit.
While investors in real estate may only buy under approved
retirees schemes in specific locations, RNCs may choose to live
are not allowed to work or anywhere on the island. Beachside rentals are preferred
be a majority shareholder though they can be expensive, especially on the northern
and director in a locally and western coasts. Infrastructure and amenities are of a
incorporated company. very good standard and, for RNCs who are concerned about
During
their
stay,
their health, Mauritius' clinics and hospitals offer highly
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To avoid having to file for professional and affordable care. Non-citizens with children
a renewal of their residence who are still studing are spoilt for choice. International schools
permit, many non-citizens elect and universities are open to foreigners, are of a good quality,
to buy a residential property under and offer tuition in either English or French. The island’s