Permit Information

• PERMIT_POSTED_BY: admin
• PERMIT_POSTED_ON: Oct 23, 2024
• Views : 113
• Category : Africa » Southern Africa
• Description : A Mozambique Residence Permit by Investment allows foreign investors to reside in Mozambique by making a substantial financial investment in a project that benefits the country’s development. With an investment of at least $500,000, investors can qualify for a residence permit under more favorable conditions than other work visas. Joombaah facilitates knowledge to help you navigate the Mozambique Residence Permit by Investment application process smoothly.
• Phone : +27 (21) 4222 620
• Email : info@ibn.co.za
• Website : https://www.ibn.co.za/mozambique/residence-investment/

Overview

• Mozambique Residence Permit by Investment: Eligibility, Requirements, and Application Process

  Introduction

  Mozambique offers a unique pathway to long-term residency through its Residence Permit by Investment program. Foreign nationals who invest a minimum of $500,000 into approved projects that contribute to the country’s economic and social development are eligible to apply for this permit. This permit provides more flexible conditions, including a favorable work quota that allows investors to hire themselves as part of the company’s workforce. This article outlines the requirements, documentation, and process for obtaining a Mozambique Residence Permit by Investment.

  Investment Criteria and Benefits

  To qualify for a Mozambique Residence Permit by Investment, applicants must meet the following investment criteria:

  • Minimum Investment: The investment project must be valued at $500,000 or more.
  • Benefit to Mozambique: The project must demonstrate clear economic or social benefits to Mozambique, such as job creation, infrastructure development, or contributions to key industries like mining, agriculture, energy, and tourism.

  Key Benefits:

  • Favorable Work Quota: Investors are allowed to hire themselves within the project’s workforce, ensuring compliance with Mozambique’s immigration rules.
  • Streamlined Application Process: Depending on the sector and the project’s business plan, the application may be processed under less stringent requirements.

  Mozambique Residence Permit by Investment Requirements

  To apply for a Mozambique Residence Permit by Investment, applicants must submit both general documentation and permit-specific documentation. These requirements ensure that the application meets Mozambique’s immigration and investment standards.

  General Forms and Documentation Required

  1. Completed Mozambique Visa/Permit Application Form:

     • The form must be correctly filled out and signed by the applicant.

  2. Valid Passport:

     • The passport must have at least six months of validity remaining from the date of application and three blank pages for the visa.

  3. Two Recent Passport Photographs:

     • Submit two passport-sized photographs.

  4. Proof of Paid Application Fee:

     • Provide a receipt for the payment of the visa or permit application fee.

  Permit-Specific Requirements for Investment

  1. Proof of Financial Support:

     • Investors must demonstrate that they have sufficient financial resources to support themselves during their stay in Mozambique.

  2. Police Clearance Certificate:

     • Submit a police clearance certificate from your home country or country of permanent residence to prove that you have no criminal record.

  3. Tax Certificate of Discharge:

     • Provide a tax clearance certificate, indicating that you have no outstanding tax liabilities in Mozambique or your home country.

  4. Medical Certificate:

     • Submit a certificate confirming that you are in good health and free from any contagious diseases.

  5. Employment Permission Contract:

     • If applicable, provide proof that you are permitted to work within your investment project.

  6. Birth Certificate:

     • Submit a copy of your birth certificate for identity verification.

  7. Proof of Accommodation:

     • Provide evidence of secure accommodation in Mozambique during your stay, such as a lease agreement or property ownership documents.

  Important Note: You must have already lived in Mozambique for 10 years under a temporary residence permit to qualify for a residence permit by investment. This is a crucial requirement to be eligible for this permit.

  Costs of Mozambique Residence Permit by Investment

  The cost of obtaining a Mozambique Residence Permit by Investment varies depending on several factors, including:

  • Country of Origin: Fees may differ based on where the applicant is applying from.
  • Visa Type and Duration: Longer-duration permits or more complex visas may incur higher costs.

  Additionally, fees for transit visas or other related expenses may apply, depending on the applicant's travel itinerary and specific circumstances. Your immigration consultant will provide a detailed breakdown of all applicable costs to ensure transparency and proper budgeting.

  How to Apply for a Mozambique Residence Permit by Investment

  The application process for a Mozambique Residence Permit by Investment involves several key steps. Here’s a guide to help you navigate the process:

  Step 1: Compile the Required Documents

  • Work with your immigration consultant to gather all necessary documents, including proof of investment, police clearance, financial support, and accommodation arrangements.

  Step 2: Pre-Completion of Application

  • Submit your documentation to your immigration consultant, who will pre-complete the application on your behalf. This ensures that all required forms are correctly filled out and that the necessary information is provided.

  Step 3: Review and Quality Check

  • The immigration consultant will review your application to ensure all documentation is complete and meets the required standards. An in-house quality check is conducted to ensure that all the necessary documents are accounted for and that the application is ready for submission.

  Step 4: Submit Application to the National Director of Migration

  • Once the application is reviewed and approved by your consultant, submit it to the National Director of Migration in Mozambique for processing. Your consultant will guide you through this submission process, ensuring it is completed efficiently.

  Step 5: Await Decision

  • After submission, you will need to wait for a decision from the Mozambican immigration authorities. Processing times can vary depending on the current volume of applications and other factors. Your immigration consultant will keep you updated on the progress and expected turnaround time.

  Important Considerations

  • Temporary Residence Requirement: To apply for a residence permit by investment, you must have lived in Mozambique for 10 years under a temporary residence permit. Ensure that you meet this eligibility requirement before proceeding with the application.

  • Permanent Residence and Emigration: While a Mozambique Residence Permit by Investment allows long-term residency, it does not guarantee permanent emigration rights. Applicants seeking permanent residence should discuss their options with an immigration consultant.

  • Favorable Work Quota: One of the major advantages of the residence permit by investment is the favorable work quota, which allows investors to hire themselves as part of the project’s workforce. This ensures that you remain compliant with Mozambique’s labor regulations.

  Why Choose a Mozambique Residence Permit by Investment?

  The Mozambique Residence Permit by Investment offers investors a unique opportunity to reside in Mozambique while contributing to its economic and social development. With a minimum investment of $500,000, you can access favorable work quotas and a streamlined application process. This permit is ideal for individuals looking to establish long-term business operations in Mozambique’s growing industries. Working with an experienced immigration consultant ensures that your application is smooth, compliant, and successful.