Mauritius is a beautiful African island nation in the Indian Ocean. The Republic of Mauritius is a stable democracy with mightily established policy frameworks, strong economic growth, and respected banking industry. Besides, it is renowned as one of the most progressive investment environments in Africa. The total wealth held in Mauritius is more than $44 billion, while the rate per capita income in Mauritius is $33,000, making the country the wealthiest in Africa.
Mauritius is a safe place; crime prevalence is very low, making Mauritius one of the safest law-abiding countries in the world. On the health front, the country is free from many of the diseases affecting the sub-tropical countries of the world.
High Net Worth Individuals (HNWs) have two options for obtaining citizenship or a second passport by investment:
This scheme will offer foreigners the chance to acquire Mauritian citizenship by making a non-refundable contribution of USD 1 million to the Mauritius Sovereign Fund. Investors can include their spouse and dependent children for an additional non-refundable contribution of USD 100,000 per passport.
This scheme will offer foreigners the chance to acquire a Mauritian passport by making a contribution of USD 500,000 to the Mauritius Sovereign Fund. Investors can include their spouse and dependent children for an additional non-refundable contribution of USD 50,000 per passport.
The only difference between the USD 1 million and the USD 500,000 schemes appear to be that a million grants citizenship while the other affords a passport. The USD 500,000 scheme will give the investor the chance to be naturalized as a citizen of Mauritius if resided in Mauritius for a continuous period of not less than two years preceding the date of his application.
One of the main benefits of acquiring Mauritius citizenship is having visa-free access to 145 countries. These countries include the EU Schengen area, China, Russia and the United Kingdom
The CBI Index is a rating system intended to measure the performance and attractiveness of global citizenship by investment programmes across a variety of indicators. It assesses all the citizenship by investment programs based on seven pillars. The seven pillars that constitute the CBI Index include; freedom of movement, the standard of living, minimum investment outlay, mandatory travel or residence, Citizenship timeline, ease of processing and due diligence.
Using such a methodology to Compare Mauritius citizenship by investment program with the Caribbean citizenship by investment programs regarding the capital contribution the investors make and the benefits they receive will lead us to one thing. Mauritius asks price to be more than twice as high as for Caribbean Citizenship by Investment programs (Dominica Citizenship by Investment Program, Antigua and Barbuda Citizenship by Investment Program, Grenada Citizenship by Investment Program, Saint Lucia Citizenship by Investment Program, St Kitts and Nevis Citizenship by Investment Program). At the same time, Caribbean citizenship by investment programs also offer visa-free access to many destinations, including the EU Schengen area.
Variety of Citizenship by investment programmes are available, catering to all needs and resources available to investors. Investing in one of them is not a decision to be taken lightly. We advise you to check the other programs to find the value in each one and to develop an idea of which citizenship by investment program is best suited towards you.