Why is JLSK Group the preferred real estate agency for expatriates and foreigners wishing to settle in Mauritius?
The Benefits of Working with JLSK Group – Why JLSK Group Is the Preferred Real
Retirement in Mauritius
Mauritius is now considered as a dream destination for foreigners wishing to retire. Its warm and pleasant weather for eight months of the year, peaceful and harmonious environment, ever-evolving infrastructure, and affordable cost of living make it a wonderful retirement destination.
A 10-year Residence Permit and peaceful living can be yours for only USD 1500 monthly. Additionally, after three consecutive years you may apply for a Permanent Residence Permit for a period of 20 years.
In order to promote this path to foreigners, the government has initiated the development of several projects aimed at transforming the “Silver Economy” into a real cluster of growth.
Non-citizen retirees may purchase a residential unit, or the life rights to a residential unit in an approved project. As long as the property is owned or occupied by the retiree, the non-citizen can apply for a residence permit for himself/herself and his/her spouse or common law partner.
However, there are a few basic rules to keep in mind if you plan to enjoy your retirement in Mauritius.
BE ADVISED
These guidelines are subject to amendment & should not be interpreted as definitive.
USEFUL INFORMATION
To qualify, you should be aged 50 or more and should undertake to transfer a minimum of USD 1,500 to a local bank account in Mauritius.
FIND OUT MORE
EDB Website
www.residency.mu
Application
business.edbmauritius.org
Conditions
Mauritius is one of the most popular destinations for investments as well as for retirement.
All these conditions must be fulfilled:
- Be at least 50 years old and not be a Mauritian citizen;
- Have undergone medical examinations (hepatitis, AIDS, chest x-ray, etc.) within the last six months prior to applying for the permit;
- Make an initial transfer of at least USD 1,500 or its equivalent in a freely convertible foreign currency to his/her local bank account in Mauritius, and then transfer at least USD 1,500 per month for a total of at least USD 18,000 annually or its equivalent in a freely convertible foreign currency during the 10-year validity of the residence permit;
- Submit at the end of each year proof of transfer of funds to his/her local bank account to the Economic Development Board, provide the Mauritian tax authorities with information on other residences he/she may have in other jurisdictions, including tax residences.
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“The JLSK Group: Unrivaled Success in Mauritius Island, Preferred by South Africans and European People
Mauritius has been named one of the best places to work remotely in 2022
If you could work from abroad while enjoying the country’s assets in your free time,
Communities Specially Developed For Retirees
Mauritius aspires to be a destination of choice for retirees. The government has therefore introduced new regulations that allow developers to build housing that meets specific criteria while integrating current PDS (Property Development Scheme) initiatives.
These retirement complexes must have a minimum of 25 purpose-built residential units for seniors. Personal and home care services, such as a nurse, daily meal delivery, monitoring services, emergency health services and recreational facilities, must be provided.
Thus, for the residences under development, they offer:
- Different types of accommodation (studios, penthouses, villas) with a balcony, terrace or private garden;
- A la carte services (hairdressing, laundry, cleaning, etc.);
- Restaurant service;
- Recreational activities (fitness room, bar, pool, etc.);
- Maintenance of cognitive faculties;
- Convalescent care;
- Relay for family caregivers;
- 24/7 security;
- Etc.
Foreign non-citizens in Mauritius with a residence permit can now invest in any business as long as they are not employed in it, do not manage it, and do not earn a salary or profit from it.
PDS For Senior Living
Mauritius is unique because of its exceptionally beautiful and warm weather for 8 months of the year, a tranquil and harmonious environment, continuous investments in infrastructure and a competitive cost of living, making it an excellent choice for retirement.
The projects developed under this program (PDS for Senior Living) focus on residences for people over 50 who wish to live independently in a quality environment, as well as recreational and social facilities such as a clubhouse, health club or fitness center, and facilities management services tailored to the needs of seniors.
Under This Scheme
Admission and Accessibility
Any foreign citizen over the age of fifty can own and live in a residential unit without having to pay additional rent, as long as the property is purchased based on a plan, during construction or after completion.
In addition, the investor also has the right to obtain a residence permit for himself and his spouse until he no longer occupies the property, as specified by law.
Tax Benefits
An investor with a residence permit enjoys a 5-year tax exemption on pensions and other income earned in Mauritius by himself and his spouse.
As a permanent resident, the applicant can enjoy duty and VAT exemption on the importation of personal and household goods, including real estate.
About
JLSK
Our three Core Values : Transparency, Professionalism, Humanity
Present in Dubai since 2022 and in Mauritius for more than 12 years, our company has various expertises in consulting, investment and real estate services.
Our strength lies in our extensive network of experts in Dubai, Mauritius, Cyprus and Europe.
Discretion and support are our credo
In perfect symbiosis and collaboration we provide you with tailor-made advice, simple and easy to implement. Our solutions meet your specific needs as a company or individual.
We contribute to and actively participate in our client’s success.
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