PORT LOUIS — In a strategic move to bolster its national economy and attract high-net-worth individuals, the government of Mauritius has officially launched a new residency-by-investment program. The cornerstone of this initiative is a $1 million visa plan, designed to grant permanent residency to foreign investors who contribute significant capital to the island nation’s development.

Strengthening the Economy through FDI

This new pathway is part of a broader economic vision to transform Mauritius into a premier destination for global entrepreneurs and retirees. By setting the investment threshold at $1 million, the government aims to:

  • Inject Capital: Drive Foreign Direct Investment (FDI) into key sectors such as real estate, hospitality, and technology.

  • Job Creation: Stimulate the local labor market by encouraging investors to establish or expand business operations.

  • Infrastructure Growth: Utilize the influx of wealth to modernize national infrastructure and public services.

Key Benefits for Investors

Foreign nationals who qualify for this residency status gain more than just a permit to stay. The program offers a suite of lifestyle and fiscal advantages, including:

  1. Permanent Residency: A long-term commitment that allows investors and their immediate families to live and work in Mauritius.

  2. Tax Efficiency: Mauritius remains one of the most tax-friendly jurisdictions in the world, featuring a flat corporate and individual income tax rate of 15%.

  3. Strategic Location: Positioned as a gateway between Africa and Asia, the island offers a stable political environment and a robust legal framework.

Global Competition for Talent

The introduction of this $1 million plan signals Mauritius's intent to compete with other "Golden Visa" programs offered by nations like Portugal, Greece, and the UAE. While the price point is premium, the Mauritian government emphasizes the unique blend of a high standard of living, tropical environment, and business-friendly regulations as its primary draw.

Experts suggest that this move will particularly appeal to investors seeking a "Plan B" residency in a safe, democratic, and geographically stunning location. As of May 2026, the program is officially open for applications through the Economic Development Board (EDB) of Mauritius.