The company plans to send four astronauts on a one-way trip to Mars to set up a human colony on the Red Planet in 2023.
However, the company Mars One on its website has specified that a return "cannot be anticipated nor expected".
The project has already received 10,000 applicants, according to the company's medical director, Norbert Kraft.
Age seems to be no bar as the applicants so far range from 18 to 62 years. Though they include women, most of them are men.
Though Mars One is optimistic about its plan, however, there are a few serious snags in the way, the report said.
Firstly, when on Mars the bodies of the astronauts will have to adapt to surface gravity that is 38 per cent of that on Earth.
It is thought that this would cause such a total physiological change in their bone density, muscle strength and circulation that voyagers would no longer be able to survive in Earth's conditions.
Secondly, they will have to say goodbye to all their family and friends, as the deal doesn't include a return ticket.
"Not one of these is a small endeavour" the site noted, requiring "substantial technical capacity, weight and cost".
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