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Occupation Permit - Innovative Start-Up Investor

MauritiusInvestment

Explore the five recorded questions, answers and sources for this pathway.

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What investment option or options qualify?

An innovative start-up project: either submission of an innovative project to the Economic Development Board, or registration with an incubator accredited with the Mauritius Research and Innovation Council.

See recorded sources

What official minimum amount, tier or threshold applies to each relevant option?

Answer not available

How long must the investment be maintained and what continuing ownership, investment or physical-presence conditions are important?

Continuing conditions: an annual progress report within 3 months from the end of the first year of registration, and a development report in line with the business plan confirming the project has reached the minimum viable product stage at the end of the fifth year of registration. No investment holding period or physical-presence condition is stated.

See recorded sources
Limits of the record
  • No investment holding period or physical-presence condition is stated.

Which family members can be included where officially stated, and what broad residence/work rights result?

The spouse, dependent children (a child, stepchild or adopted child who is wholly dependent, not over 24, unmarried and not in gainful activity), parents and other dependants of an occupation permit holder are eligible for a residence permit, for a duration not exceeding that of the main holder. The spouse of an occupation permit holder may, on application, be granted an occupation permit. Work rights of other dependants are not stated.

See recorded sources
Limits of the record
  • Work rights of dependants holding a residence permit (other than a spouse granted an occupation permit) are not stated in the sources read.

What status is obtained, how is it renewed, what longer-term residence/citizenship direction is officially stated, and what happens to the investment when relevant?

An occupation permit as investor, valid for 10 years from issue; renewal may be applied for while in Mauritius. Longer term, a permanent residence permit is available to a holder of an occupation permit as investor for at least 5 years with a minimum annual turnover of 15 million rupees for the 5 years preceding application or an aggregate turnover of 75 million rupees over 5 consecutive years (or an AI Founder under the AI City Scheme who has invested at least USD one million).

See recorded sources
Limits of the record
  • Whether the innovative start-up category counts as "occupation permit as investor" for the permanent residence criteria is an inference, not stated.
  • Renewal criteria and what happens to the investment on exit are not stated.

These are the answers currently recorded in the catalogue. A missing or partial answer is not an eligibility decision.

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