Mauritius is a highly coveted destination, particularly by pre-retirees and seniors seeking to put down their roots and retire in the Indian Ocean sun. Mauritius is the promise of a pleasant life in a peaceful tropical setting, activities of all kinds, from golfing to catamaran excursions, and the beauty of its landscapes. It also offers a favourable fiscal environment and a residence permit designed especially for retirees by the government.
Indeed, to remain in Mauritius beyond the period of time reflected on the tourist visa (three months, only renewable once), retirees who wish to live in Mauritius can opt for one of two options. They can either buy a real estate property valued at more than $375,000 which grants permanent resident status on request. Alternatively, the other option is to file an application for a residence as a retired non-citizen permit with the Economic Development Board (EDB, the government institution responsible for granting visas to foreigners). This special permit allows its holder to live in Mauritius for a period of ten years and can be renewed into a permanent residence permit valid for 20 years—a permit that is also valid for the retiree’s spouse. To be eligible, the applicant must be aged 50 or above at the time of submitting the application and must undertake to transfer a minimum of $18,000 annually (or its equivalent in any other currency) to a local bank account.
With year-round sunshine, a stable political climate, a booming economy and a minor time difference with Europe and South Africa, it’s easy to see why Mauritius attracts so many retired expatriates who yearn to set a new rhythm of life and enjoy the best life has to offer.