A Retired Non-Citizen is defined as a person who is not a citizen of Mauritius and aged 50 years or above.
A Retired Non-Citizen should make an initial transfer of at least USD 1,500 or its equivalent in freely convertible foreign currency to his/her local bank account in Mauritius.
Thereafter, the Retired Non-Citizen should transfer at least USD 1,500 monthly or transfer of such amounts, by instalments or otherwise, the aggregate of which shall be at least USD 54,000 or its equivalent in freely convertible foreign currency, during the 3 years’ validity of the residence permit.
At the end of each year, the Retired Non-Citizen should submit to the Economic Development, evidence of transfer of funds into his/her local bank account.
The Retired Non-Citizen should also provide information on other residences that he/she may have in other jurisdictions, including tax residences. This information will be shared with the Mauritian Tax Authority to be in line with the prevailing Common Reporting Standard (CRS) adopted by the Republic of Mauritius.
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