Retiring in Mauritius is an attractive option for foreigners seeking a peaceful and fulfilling lifestyle in a tropical paradise. With its stunning beaches, warm climate, and welcoming community, Mauritius has become a prime destination for retirees. To retire in Mauritius, most retirees choose to move here on a 10-year retirement permit, renewable. Retirees also have the option of applying for a 20-year permanent residence permit after 3 years on the retirement permit and satisfying the financial requirements.
Whether you are looking to enjoy a laid-back lifestyle or explore new ventures, retiring in Mauritius offers various avenues to make this dream a reality. Here’s everything you need to know about retiring in Mauritius.
Avenues for Retiring in Mauritius
Retirement Permit
The retirement permit is available to foreign nationals aged 50 and above who wish to retire in Mauritius. To qualify, retirees must provide proof of guaranteed monthly income of at least $1,500 or show a minimum bank balance of $18,000. This permit allows retirees to live in Mauritius for up to 10 years, with the option to renew. It is a simple and straightforward way for retiring in Mauritius, enabling retirees to enjoy a peaceful lifestyle with all the modern amenities they need.
The advantage of retiring in Mauritius with this permit is that there is no minimum stay requirement to keep the permit valid. After 3 years on this permit, retirees can also apply for the 20-year permanent residence permit after satisfying certain criteria.
For those unsure about making a long-term commitment, the Premium Visa offers a perfect solution for retiring in Mauritius on a trial basis. This visa allows retirees to stay in Mauritius for up to one year, with the option to renew. It’s ideal for retirees who want to experience life in Mauritius before deciding on a permanent move. The Premium Visa provides the flexibility to enjoy the island without the immediate need for permanent move.
For those who are sure about Mauritius and enjoy living here, they can retire in Mauritius by buying a property here. For those interested in getting permanent residence, buying a property of at least USD 375,000 under an approved scheme will grant the retiree a residence permit, valid as long as they own the property. Retirees can also rent this property out if they are not looking to spend all their time here.
Benefits of Retiring in Mauritius
Favourable Tax Conditions
Retiring in Mauritius comes with financial benefits, especially regarding taxes. With a flat income tax rate of 15%, and no capital gains or inheritance tax, retirees can stretch their savings further and enjoy a higher standard of living. This favourable tax environment makes retiring in Mauritius appealing for those looking to preserve their wealth.
High-Quality Healthcare
Mauritius provides excellent healthcare services, which is a significant benefit for retirees. There are several private hospitals and clinics that are high quality. There are also some very good specialists, both local and foreign, who have trained abroad. For those retiring in Mauritius, peace of mind comes from knowing that quality healthcare is readily available.
Retirement Facilities
Many of the Smart Cities in Mauritius are developing retirement facilities, making retiring in Mauritius an even more attractive option. These retirement-focused projects offer luxurious amenities, including restaurants, cafés, wellness centers, and spas, providing comfort and leisure for those retiring in Mauritius. Additionally, these developments are designed with the needs of retirees in mind, offering on-site medical facilities and options for assisted living. This ensures that retiring in Mauritius is not only a lifestyle upgrade but also a secure and practical choice for long-term well-being.
Safety
Retiring in Mauritius offers the benefit of living in a very safe environment. The island is both politically and economically stable, providing peace of mind to those considering retiring in Mauritius. Crime affecting foreigners is rare and mostly limited to burglaries, which are further minimised for those living in secure complexes. In fact, for most people retiring in Mauritius, the primary safety concern comes from road conditions rather than crime, making it a relatively safe and comfortable place to enjoy retirement.
Vibrant Expat Community
Retiring in Mauritius means joining a welcoming and diverse expat community. The island is home to people from all over the world, ensuring that retirees can easily build social networks and enjoy a lively social life. Whether it’s joining clubs, engaging in community activities, or exploring the local culture, retirees will find plenty of ways to stay active and connected.
Getting Started with Retiring in Mauritius
If you are considering retiring in Mauritius, the best approach is to explore the options and see which avenue best suits your needs. Whether you choose to apply for a retirement permit, opt for the Premium Visa to test the waters, or decide to purchase property, you have various options to retire in Mauritius.
For those who are unsure, it is a good idea to visit the island for an extended stay and get a feel for what daily life is like. Renting a home for a few months allows you to immerse yourself in the lifestyle, meet fellow retirees, and explore whether retiring in Mauritius is the right choice for you. Once you are ready to make the move, the process of securing your retirement permit or exploring property options is straightforward
