A Permanent Residence Permit (PRP) in Mauritius is a legal authorisation that allows non-citizens to reside and work in Mauritius for a period of 20 years. This permit is subject to renewal, provided the holder continues to meet the eligibility criteria and complies with local laws. The PRP is designed to attract foreign investors, professionals, self-employed individuals, retirees, and members of the Mauritian diaspora, offering them a stable and long-term residency option.
Eligibility Criteria for Permanent Residence Permit
To be eligible for a PRP in Mauritius, applicants must meet specific criteria under various categories. These categories cater to different types of individuals, including investors, professionals, self-employed persons, retirees, and members of the Mauritian diaspora. The key eligibility criteria are outlined below:
1. Investors
- Occupation Permit Holders: Must have held an Occupation Permit as an investor for at least three years immediately preceding the application.
- Income Requirements: A minimum annual gross income of MUR 15 million for the three years preceding the application or an aggregate turnover of MUR 45 million over any consecutive three-year period during the current permit.
2. Professionals
- Occupation Permit Holders: Must have held an Occupation Permit as a professional for at least three years immediately preceding the application.
- Salary Requirements: A basic monthly salary of at least MUR 150,000 for three consecutive years.
3. Self-Employed Individuals
- Occupation Permit Holders: Must have held an Occupation Permit as self-employed for at least three years immediately preceding the application.
- Income Requirements: An annual business income of at least MUR 3 million for three consecutive years.
4. Retirees
- Residence Permit Holders: Must have held a Residence Permit as a retired non-citizen for at least three years immediately preceding the application.
- Financial Requirements: Transfer of at least USD54,000 or its equivalent in a freely convertible foreign currency during the three years preceding the application.
5. Investors in Qualifying Business Activities
- Investment: An investment of at least USD300,000 in a qualifying business activity.
6. Mauritian Diaspora
Membership: The non-citizen is a member of the Mauritian diaspora under the Mauritian Diaspora Scheme.
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Benefits of PRP
Obtaining a Permanent Residence Permit (PRP) in Mauritius provides significant advantages, ensuring long-term stability and security for expatriates. The PRP is valid for 20 years and can be renewed, offering an extended residency option that surpasses other temporary permits. This extended duration allows PRP holders to establish a more permanent presence in Mauritius, fostering deeper integration into the local community and economy.
In terms of work and investment opportunities, PRP holders benefit greatly from the flexibility to work in Mauritius without the need for additional work permits. This allows professionals to pursue various career opportunities without bureaucratic hurdles. Additionally, the freedom to invest in multiple sectors encourages economic growth and personal financial prosperity. The favorable tax regime in Mauritius, which includes no capital gains tax, inheritance tax, or dividend distribution tax, further enhances the appeal of the PRP. The country’s numerous double taxation avoidance agreements also help reduce the overall tax burden on expatriates, making it a financially advantageous choice.
Mauritius is known for its high quality of life, characterised by safety, political stability, and access to excellent healthcare and educational facilities, including international schools. PRP holders can enjoy these benefits, ensuring a comfortable and secure living environment. The permit also allows for family inclusion, enabling the main permit holder to include their spouse and dependent children. This ensures family unity and provides dependents with access to the island’s top-notch educational system, making the PRP an ideal option for those seeking a comprehensive, family-friendly residency solution.
