Mauritius Lowers Financial Contributions for Retired Permit Applicants

Mauritius Lowers Financial Contributions for Retired Permit Applicants

Significant changes for the immigration laws in Mauritius:

A positive impact on the immigration decision making process has been done in Mauritius.

In fact, the Retired Permit application in Mauritius does not have the same requirements as before.

The minimum annual bank transfer to be made to Mauritius has decreased from USD 30,000 annually to USD 18,000 annually with the minimum transfer over 3 years being USD 54,000.

In addition to that, the other change concerns the 10 year residence permit – after the initial 3-years on the Retired Permit where a minimum of USD 54,000 has been transferred to Mauritius, the person on the retired permit will be entitled to apply for the 10-year residence permit.

Previously the rule was that a minimum of USD 120,000 should be transferred over the initial three years and then after the initial 3 years, the person will be entitled to apply for the 10-year residence permit.

These news changes seek to make this small paradise more attractive, if you would like more information on this subject, please contact us.

by Andreas Krensel

Andreas Krensel Immigration Expert

Andreas Krensel Immigration Expert

 

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