Mauritius is a beautiful African island in the Indian Ocean, known for being a stable democratic country with well-established political frameworks, strong economic growth, and renowned as one of the most advanced investment environments in Africa. Its economy is estimated at around $44 billion, with a per capita income of $33,000 annually, making it one of the wealthiest African nations.
Investment options in Mauritius
The Republic of Mauritius offers investors options to obtain citizenship or a second passport through investment. These options include:
Mauritian citizenship through investment
The citizenship program allows foreign investors to obtain Mauritian citizenship by making a non-refundable financial contribution of one million US dollars to the Sovereign Wealth Fund of Mauritius.
Investors can also include their spouse and dependent family members in the citizenship application for an additional non-refundable contribution of $100,000 per person.
Mauritian passport through investment
The passport program allows foreign investors to obtain a Mauritian passport by making a non-refundable financial contribution of $500,000 to the Sovereign Wealth Fund of Mauritius. Similar to the citizenship program.
Investors can include their spouse and dependent family members in the passport application for an additional non-refundable contribution of $50,000 per person.
Differences between citizenship and passport paths
Indeed, the difference between the citizenship path (one million US dollars) and the passport path $500,000 is that the former grants citizenship, while the latter provides only a passport. Citizenship bestows upon its holder full citizenship rights, including political, health, and educational rights, akin to any other citizen. Additionally, it includes a passport that allows for travel from one country to another.
As for the second path, $500,000, it grants only a passport, with the purpose of facilitating travel and movement without additional rights on the island. It’s worth noting that the second path may lead to citizenship if the investor and their family reside on the island for a minimum of two years before applying.
One of the key privileges individuals obtain when investing in obtaining Mauritian citizenship or a Mauritian passport is the freedom of movement through travel to 147 countries without the need for a prior visa. The Mauritian passport is ranked 31st globally according to the Reach Immigration Index for passport rankings.
Depending on the Citizenship by Investment (CBI) Index as a method to compare the Mauritius Citizenship by Investment Program with the Caribbean Citizenship by Investment program in terms of the financial contribution made by investors and the benefits they receive, leads to one conclusion: the financial contribution required from investors for the Mauritius citizenship by investment program is multiples of the financial contribution required from investors for Caribbean citizenship programs through investment.
It is worth mentioning that the Citizenship by Investment (CBI) Index is a rating system aimed at measuring the performance and attractiveness of global citizenship programs through investment. This is achieved by evaluating several pillars, which include:
- Freedom of movement.
- Standard of living.
- Minimum investment required.
- Mandatory travel or residence.
- Timeframe for obtaining citizenship.
- Security checks.
At Reach Immigration, we do not offer the option of immigrating to Mauritius, but we provide other citizenship or residency programs by investment, which you can learn about by booking a free consultation by clicking on the link here.
