Mauritius is offering foreigners the chance to obtain Mauritian citizenship in exchange for a non-refundable contribution of $1m to the national sovereign wealth fund.
Applicants’ dependents are also eligible for citizenship with an additional cost of $100,000 per family member.
Another scheme will offer Mauritian passports in exchange for the lesser sum of $500,000 paid to the Mauritius Sovereign Fund, and $50,000 per passport for family members.
The Mauritian passport holders have access to 121 countries without visa requirements.
Critics however fear that the Island will become a haven for unscrupulous businessmen.