Update on Premium Visa
The Economic Development Board (EDB) organised a ‘Meet & Greet’ Networking Session which witnessed the participation of around 250 premium visa holders on 29 September 2022. The event was an opportunity to showcase the business, investment, residency and retirement opportunities in Mauritius. The statistics on the issuance of the Premium Visa since its introduction in November 2020 were also presented – it was highlighted that 3,640 applications were submitted by global citizens, out of which 2,432 holders across 45 countries have been approved as of 27 September 2022. French, South African and British nationals are amongst the top 3 Premium visa holders in Mauritius. An analysis of the top 10 nationalities approved under the Premium Visa is as follows:
It will be recalled that the Premium Visa, introduced in November 2020, is issued for a one-year period which can be renewed thereafter subject to meeting the relevant conditions. Applicants should produce proof of their long stay plans as well as sufficient travel and health insurance for the initial period of stay. They should also adhere to the following:
- Not enter the Mauritius Labour Market;
- Have their main place of business and source of income and profits outside of Mauritius;
- Hold documentary evidence to support application such as purpose of visit, accommodation etc.; and
- Adhere to other basic immigration requirements.
The Premium Visa targets mainly the following categories of persons:
- repeat tourists;
- retirees;
- investors/professionals willing to come with their family and carry out their businesses or work remotely from Mauritius or offer their staff this facility; and
- those having their children studying in Mauritius
At MITCO, we have a dedicated team who can advise and assist our valued clients on the best possible route for them to relocate to Mauritius. If you require more information, please write to us on bd@mitcoworld.com