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Retired Residence Permit Form - Transfer Details Section

Hi Everyonen, I'm just in the process of applying for a Retirement Permit for Mauritius and on the main form (on the business.edbmauritius.org site), there is a section: "Transfer Details" and a value needs to be provided in the field: "Proposed Amount to be Transferred" - I'm not quite sure what I'm supposed to provide here - is this the minimum annual amount of $24000 or do I need to provide anything else here?


Thanks for your help.

See also

@rspadinger

Would also like to know; will be doing likewise in the next few months myself.

Hello @rspadinger, welcome on board !


While waiting for members to guide you, feel free to send an email to the EDB, their officers will be glad to assist :


All the best

Bhavna

1 member reacted to this post

@rspadinger- my understanding of it is..


That 鈥淧roposed Amount to be Transferred鈥 field isn鈥檛 asking for anything complicated. It鈥檚 essentially your declared financial commitment to support yourself in Mauritius.


The key point: It鈥檚 not a strict calculation or a binding figure. It鈥檚 more a statement of intent to show you can comfortably fund your retirement.


As a baseline: The current expectation is around $2,000 per month or $24,000 per year.


So you鈥檝e got a few sensible ways to approach it


鈥 Keep it simple鈥 put USD 24,000 per year (meets the requirement exactly)

鈥 Slightly stronger application鈥 USD 30,000 to 40,000 per year (shows a bit more comfort and credibility)

鈥 If you鈥檙e planning a larger initial transfer鈥 you can say something like..鈥淯SD 50,000 initial transfer, then USD 24,000 annually鈥


A couple of things to avoid

鈥 Don鈥檛 leave it blank or vague

鈥 Don鈥檛 put an unrealistically high number you can鈥檛 evidence

鈥 Don鈥檛 overcomplicate it


Most important bit:聽 This figure isn鈥檛 enforced like a contract later. What matters is that you actually meet the minimum transfer requirement annually once approved.


If in doubt, you won鈥檛 go wrong with

USD 24,000 per year馃檶馃檶馃檶

3 members reacted to this post

@david6363

Hi, thanks. I was contemplating doing exactly what you've suggested, when I lodge my application.

All the best馃檶
1 member reacted to this post

Great question 鈥 this field reflects the financial commitment required for the Retired Non-Citizen Residence Permit. Under the most recent official guidance, the requirement is USD 24,000 annually or USD 2,000 monthly, together with an initial transfer of USD 2,000 into a Mauritius bank account within 60 days after the permit is issued. As some older official guidance still reflects the previous USD 18,000 / USD 1,500 monthly threshold, it is important to rely on the latest EDB and Passport & Immigration criteria when preparing the application. Permit holders are also required to provide annual proof of the required transfers into the local bank account. We navigate this process regularly at **([link moderated]) 鈥 happy to answer follow-ups here.

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@rspadinger

Check the PDFs on their site, specifically "Merged+OP+and+YPOP+guidelines+05.03.2026.pdf"


It says on page 19:


5.2 DEFINITION - RETIRED NON-CITIZEN

A Retired Non-Citizen is a person who is not a citizen of Mauritius and who is aged 50 years

or above.

5.3 Criteria

1. A Retired Non-Citizen should undertake a transfer of an initial sum of at least USD

2,000 into a local bank within 60 daysfrom the issuance of the residence permit; and

2. Thereafter a sum of either USD 24,000 annually or USD 2,000 per month.

1 member reacted to this post

@rspadinger

I have been advised that rules have recently changed!

Monthly guaranteed income, including pensions, is no longer taken into consideration.

I was going to open a bank account with Absa but that requires a transfer of USD 10,000. An alternative us BCP bank which requires a transfer of USD 2,000.Hope this helps

@lynnederry

The rules have changed to the ones above. Please check edb website.

As long as you can show that you can transfer $2000 per month -- $24000 per year -- then you should be OK.

If your foreign bank statements show you have at least that amount coming into your account every month or that you have a substantial amount in savings it should not be a problem.

The old rules were $1500 and $18000.


Best wishes.