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I want to apply as retired. Do I need to transfer 40,000 USD before making the application for residence permit?

April 26, 2017application permit Residence retired transfer USD

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I want to apply as retired. Do I need to transfer 40,000 USD before making the application for residence permit?

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You should transfer your funds after obtained your permit. You are not obliged to transfer all your funds at one go. The total funds transferred to Mauritius over a 12-month period from the date of obtaining the residence permit should be at least 40,000 USD or its equivalent in any other convertible currency.