Retirement Offer in Idyllic Island with No Tax May Lure Aussies to Mauritius
Mauritius has launched a retirement visa that could be very attractive to Australians ready to retire, offering a cost-of-living significantly lower than Australia, allowing for a decade or longer stay if the applicant meets basic requirements. The country's new program aims to attract people 50 and older with a steady flow of money coming in every month, provided they are absolutely retired. To be eligible, one must deposit at least AUD$2,413 (USD$1,500) monthly or AUD$28,961 (USD$18,000) annually into a local bank account.
- Mauritius's unique immigration policy may serve as a model for other countries to consider reevaluating their own retirement visa requirements, potentially offering new opportunities for citizens seeking a more relaxed pace of life.
- What would be the long-term implications of an increased flow of foreign retirees in smaller island nations like Mauritius on local economies and social services?