Permanent Residence by Investment

Article Summary:

This article provides a concise guide for investors interested in acquiring a Permanent Residence Permit (PRP) in Seychelles through strategic investments. To qualify, the investor should have a Seychelles-based business investment worth USD 1 million or more and a 5-year business affiliation. The application process involves obtaining and submitting the application form, along with necessary documents, to the Department of Immigration and Civil Status, followed by waiting for the application’s approval. Successful applicants can enjoy exemption from the Gainful Occupation Permit (GOP) fee and the beauty of Seychelles.

Securing Your Dream Life in Seychelles: A Practical Guide for Investors

Investing in Seychelles, a captivating archipelago in the Indian Ocean, can unlock the door to more than just monetary returns – it’s a ticket to a Permanent Residence Permit (PRP). Here’s how you, as an investor, can seize this extraordinary opportunity.

A Seychelles PRP is a sought-after credential among global investors. It’s a green light for indefinite stay in the country and a pass from the Gainful Occupation Permit (GOP) fee, a common expense for foreign nationals employed in Seychelles. Sounds tempting, doesn’t it? Let’s delve into the eligibility criteria and application process.

Eligibility for a Permanent Residence Permit

To hit the bullseye of PRP through investment, here’s what you need to score:

  • Investment of USD 1 million or more in a Seychelles-based business.
  • Adequate funds to sustain your first year in Seychelles.
  • A minimum of 5 years of business connection due to direct investment.
  • 5-year residence in Seychelles on a Dependent Permit or a GOP.
  • No continuous one-year absence from Seychelles without approval from the Ministry of Internal Affairs.
  • No imprisonment sentences exceeding a year under Seychelles law.
  • Not being a prohibited immigrant.

Navigating the PRP Application Process

Now that you’ve sized up your eligibility, let’s take a stroll through the application steps.

Step 1: Fetch Your Application Form

First, make a personal appearance at the Department of Immigration and Civil Status located on the First Floor, Independence House, Victoria, Mahé, to obtain your application form. It shows your determination in taking this exciting step.

Step 2: Assemble Your Documents

Next, gather these vital documents to verify your credentials and investment:

  • Police Character Certificate (not older than six months).
  • A photocopy of your passport’s bio-data page.
  • One passport-sized photograph.
  • Documentary evidence of your investment.

Step 3: Launch Your Application

With your paperwork set, head over to the Immigration Office, located in the same building, to submit your application. Don’t forget the non-refundable SCR 1,000 cash processing fee!

Step 4: Await Your Application Outcome

Sit back and let the Department of Immigration and Civil Status decide your PRP fate. Upon successful application, a fee of SCR 350,000 is due.

Step 5: Kick Start Your Seychelles Adventure

Congratulations on making it! Start embracing your new life in the Seychelles paradise. Remember, the opportunities are as vast as the ocean surrounding you.

In summary, securing your Permanent Residence Permit in Seychelles is as clear as its crystal blue waters. A considerate investment, meeting eligibility criteria, and a smooth application process are your stepping stones to a life of advantages in this tropical utopia. Happy investing, future residents!

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