Have you ever wanted to relocate overseas but the process to do so was too complicated?
In today's article we’ll explore 2 of the Indian Ocean’s leading real estate investor visa options, hopefully helping you make a decision on which country you’ll soon be calling home. To make the most of this opportunity, there are two principal choices in terms of the countries you have to decide between. Let's see what they are all about in some more depth.
Seychelles
The Seychelles, an idyllic nation renowned across the globe for having a perfect climate, natural beauty and some of the most desirable holiday resorts anywhere on the planet.
Though, there is more to the island chain than tourism, in fact, there is also a more permanent lifestyle to be sought out within their borders, offering expats a way of life unlike most other places in the world. The education system is based on the British curriculum, healthcare is free, and within cities most places are within a walking distance so the need for a car is limited to those of you who would want to live on a relatively more uninhabited island.
How does the process work?
If you’re looking to pursue this option for residency by investment further, these are the requirements:
1. Invest US$400,000 into real estate, including flats, villas or houses
There are, of course, also a number of benefits that you can get access to upon making your investment, they include:
1. Visa-free access to 126 nations, including the UK and EU
2. 5-year permanent residency, for you and your family
3. Full citizenship after 10 years of residency
Mauritius
Mauritius is known for its pleasant tropical climate, multiculturalism, and spectacular living environments, but its dynamic economy, attractive tax regimes, and competitive business landscape have bolstered the country’s global stature, attracting high-net-worth individuals and families from around the globe. For those who wish to reside in this island nation, the Mauritius Residence by Investment Program is the most efficient way to acquire such status.
How does the process work?
If you’re interested, the requirements are:
1. Invest US$500,000 in construction and real estate
2. Build your property on freehold land not exceeding 10 hectares in area
Now we’ve got this covered, we can move on to the benefits you can expect in return for your investment:
1. Permanent residence is granted for a period of 10 years
2. Citizenship is available after only 2 years of permanent residence in the island nation
3. Visa-free entry to 148 nations, including visas on arrival in the UK and EU
So, which program is for me?
The processing time for the residency permit in the Seychelles is only 2 months, meaning there is hardly any time to wait before you are able to relocate to your new home.
On the other hand, the processing time for Mauritius is only 3 months at most, meaning you’ll also be able to relocate and begin your adventure in a very short time there as well.
If we look beyond the processing times, the programs are also pretty similar in terms of the investment values, the Seychelles being US$100,000 cheaper, so if you are running more of a tight budget, this could be a better option for you.
However, if you are looking for more global freedom, Mauritius does provide access to 22 more countries without the need for a visa, certainly an enticing element for those of you looking to travel further afield once you’ve made the move overseas.
So, if you are interested in finding out more about relocating to the Indian Ocean by investing in property, as well as other opportunities to develop your business, contact us today! Below this article, you will find a link to set up a free fifteen-minute consultation with us to discuss your options further.
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