What happens if you sell the RES property you PR permit is based upon?

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peterg123 Contributor

Member since 11 April 2019

peterg123Contributor18 July 2019 21:33:15

160

Imagine you invest 500K in a RESproperty and get a PR. The property does really well, moves up sharply in value and you decide in say 3 years time to sell.

Do you lose your PR? Or once the RES investment is made, the PR that results is until death?

External ViP

Member since 04 February 2010

ExternalViP18 July 2019 22:58:12

2799

The permit is linked to the property you’ve acquired. Should you choose to sell that Mauritian home, you will immediately lose your residency permit and its benefits.

Globalvessel2018 Member

Member since 29 March 2024

Globalvessel2018Member29 March 2024 18:02:41

What happens if you sell after getting citizenship and getting mauritius passport?

Bhavna Team

Member since 01 June 2015

BhavnaTeam30 March 2024 10:28:23

40472

@Globalvessel2018

Hello and welcome !

Residence permit and nationality/citizenship are 2 different things.

If you acquire the Mauritian nationality, it will remain yours even if you sell.

If you have acquired residency thorugh buying property, you will lose it upon selling.

Regards

Bhavna

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