Mauritius Golden Visa

The Golden Visa scheme was introduced by the government in 2002 and gives foreigners the opportunity to obtain a residency permit by investing $500,000 or more into property. The property owner, spouse and any dependent children have the right to live in Mauritius so long as they own the property. The owner has the right to rent out the property and become a tax resident, facing no restrictions on the funds raised from the sale or rent. One of the main drawcards is that Mauritius has a universal tax rate of 15% and no capital gains tax, dividends or inheritance tax. The application process will go something like this;

Visit and view properties in Mauritius
Open a bank account
Meet with lawyers and arrange Power of Attorney
Transfer deposit to secure property
Sign purchase agreement

On completion of the property purchase, you can process your visa application. The following is necessary for this next step.

€500,000 investment
No criminal record
Bank statements proving sufficient income
Necessary identity documentation and medical certificates for investor and family members
Visa processing fees to be taken into account
Visa application form to be completed

Investors should budget for around 10 - 15% on top of the property purchase price as this will cover any legal fees, stamp duty, conveyancing fees, VAT and visa processing fees.

Follow us on Instagram