Looking to retire in Mauritius

Hi,
If you have the money than Mauritius is a good place to retire. I am sure some of the relocation agents on this forum can guide you with the requirements. You can also go thru the Board of investment website for information.

Hi terence

Thanks for your response. At this stage I am doing my homework regarding all the requirements that need to be done both here in RSA and of course in Mauritius. One of the main reasons for visiting next month is to speak with professionals that have information that can assist me as I move closer to my goal.

I think that I may be ok money-wise but understand that the cost of living in Mauritius could be quite a bit higher than I am currently used to but believe me costs in South Africa have also been escalating at a frightening rate. It is difficult to keep pace these days.

Ideally if my wife and I do establish a base in Mauritius my family in the UK and my son in RSA will be able to visit regularly. That would be ideal but I still have a lot of research to complete. Once again thanks for your reply. You look far too young to be retired but have you re-located to Mauritius or are you a born and bred Mauritian?

Hello Michael,

Immigration laws for retirees are quite simple...you have got to be at least 50 years of age and you have to undertake an annual transfer of at least $40,000 to a bank account in Mauritius. The permit is valid for 3 years and renewable.

You need not worry about the cost of living as this amount will be way enough to cover all your expenses for one year for 2 people.

Hi Michael,

We retired to Mauritius last August.  The main requirements are you need to be over fifty, pass a Medical in Mauritius, lodge 100,000 Rupees in a Mauritian Bank Account as a bond for yourself and 20,000 Rupees for each dependant person and transfer the equivalent of $40,000 per year in any foreign currency.  You will also need a Morality Cert or Police Clearance Cert from your home Country that is less than three months old.  Plus you will need proof of your retirement / income i.e. pension etc...  The holiday visa is for sixty days and not ninety so you will have only two months to get everything in order when you come here.  You can extend the holiday visa to a maximum of one hundred and eighty days and I think there is a charge for this.

Just be careful that all your paperwork is in the name that appears on your Passport i.e. Michael John Smith.  All Birth Certs, Marriage Certs and Driving Licences should also carry this name.  There is a checklist on the Board of Investment Website of all that you need.  If you have any questions just let me know.

All the best.

Steph.

Thanks so much for all the info I really appreciate the help. It does appear to be relatively straightforward except for the various certificates that are required but should not prove to be that difficult for me to get.

I will use my imminent visit to set the ball rolling by opening a bank account and of course doing my homework on where on the Island is the best place to rent until I decide whether or not to purchase which may still be quite some time in the future.

On our last 4 visits to Mauritius we were located near Grand Baie and we really liked that part of the Island. We were of course vacationing so living for a large part of the year is a very different matter. Lots of work to be done here. lol.

Once again thanks so much.

Kindest regards

Michael.

Hello,

Yes its really easy to retire in Mauritius, Here is a brief idea :

Retiring in Mauritius

Mauritius offers an exceptionally safe, hospitable and pleasant environment for people from over the world to come and retire on the island. There are ample accommodation facilities, from fully-serviced apartments to luxurious villas and beach-front residences.

While the cost of living is affordable, medical and health services are of a world-class standard.

Non-nationals are also allowed to acquire residential property under special schemes known as the Integrated Resort Scheme (IRS) and the Real Estate Scheme (RES).

To help with an increasing interest from retirees to settle in Mauritius, the Government has come up with a special residence permit for retired non-citizens.

A residence permit for retired non-citizens allows an eligible person to reside in Mauritius for three years. To be eligible for a retired permit, a retired non citizen must be 50 years of age or above and must undertake to transfer to his/her local bank account in Mauritius at least USD 40,000 annually, or its equivalent in any convertible foreign currency so as to meet his/her own living expenses in Mauritius. The applicant must make an initial transfer of USD 40,000 at the time of application.

Check your inbox

Thanks for your help and your PM. I have replied.

Hello, I would know if is compulsory to spend all 40,000 US in Mauritius every year and also the commission for Bank transfer from Mauritius to the otherwise countries.
I travel a lot !

Potenteg wrote:

Hello, I would know if is compulsory to spend all 40,000 US in Mauritius every year and also the commission for Bank transfer from Mauritius to the otherwise countries.
I travel a lot !

hello, you must show to the relevant authorities that you have an entrance of money each year of 40,000 USD, to support your living expenses in Mauritius. the commission for bank will depends which bank you will do your transactions etc..

Kind Regards,
Loveneesh Beedasy

I have been in the Bel Ombre area for about two weeks now and was able to do some traveling around the island up to Flic en Flac and recently through the built up areas surrounding the Bagatelle shopping centre. The development that has taken place in Mauritius during the past 15 years is incredible and I hope to do some more exploring around the waterfront in Port Louis and hopefully also up t o Grand Bay.

The friendly and helpful people of Mauritius have really made my stay so far quite memorable.

It is difficult to judge the actual cost of living when just a visitor and in only two weeks but the disparity between normal and what some of the five star hotels charge is quite frightening. These hotels need to be careful as they will  do damage if they continue their exploitative ways.

Anyway it's great to be back.

Lifecare Mauritius offers retirement package with full peace of mind and security. Contact them on 00230 7026130 for more details.

Cheers

Well sadly our vacation is now just a memory and we are back home after a superb visit. Did learn a huge amount in the three weeks we were over there and am already making plans to visit for a lot longer next year. I found that the north around Grand Bay area just too developed and busy. I do prefer the much less developed south even though the weather is generally better in the north and west.

Have only been home now for 4 days and already missing Mauritius so pretty sure retiring to paradise is definitely on the cards. Busy arranging bank accounts and various other admin issues but not a huge deal. I have met some great people in Mauritius and hope to meet a lot more.

Anyway cannot wait until my next visit.

Hi Mike

Good to know you had a good time in Mauritius. I am happy to help you. Pls call me on 00230 7026130 or email rajiv05@yahoo.co.uk

Cheers
Rajiv