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Fortune
Fortune
Eleanor Pringle

Tiny island nation unveils $1 million 'Golden Visa' for the wealthy—80% cheaper than Trump's, with one catch: you're renting

This September 25, 2021 picture shows the deserted beach of Blue Bay in south-east Mauritius, known as one of the most beautiful beaches and for its marine park. (Credit: LAURA MOROSOLI/AFP - Getty Images)

Sandy beaches, sparkling waters, a tropical evergreen forest, and balmy temperatures to match. Mauritius looks like paradise to many—and its government can afford to be picky about the people who want to make the island their home.

The Republic of Mauritius recently announced plans which might sound familiar to Americans: A ‘Golden Visa’ scheme allowing high net worth individuals to relocate to the island in the Indian Ocean.

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