ACQUIRING A PROPERTY
A non-citizen cannot hold or purchase or acquire immovable property in Mauritius unless he gets the approval to acquire that property.
A non-citizen who wishes to hold or acquire an immovable property requires an authorisation under the Non-Citizens (Property Restriction) Act.
Authorisations are granted, as the case may be, either by:
1. Prime Minister’s Office, or
2. Economic Development Board (EDB)
At MigrateMauritius our experienced Professionals can assist an Investor with the entire application process:
1. For the acquisition of an immovable property or part of a building for business purposes;
2. For the lease of an immovable property or part of a building for a period exceeding 20 years for business purposes.
THE FAST TRACK WAY OF ACQUIRING A PROPERTY
Integrated Resort Scheme (IRS)
These are properties that can be found within large resorts (golf estate, marina,…) which offer a variety of luxury and high-end freehold property types : apartments, duplexes or individual villas, sold at not less than US$ 500,000.
You may rent out your property once acquired.
Real Estate Scheme (RES)
These properties are usually smaller residential developments (they can only be built on land areas ranging between 4,220 and 100,000 m2), which can be sold at no minimum price. The acquisition of a RES property will not entitle you to a residence permit, unless you purchase a RES property worth at least US$ 500,000.
Property Development Scheme (PDS)
The PDS has replaced since August 2015 the IRS and RES schemes.
The programme is designed to facilitate the acquisition of residential property by non-citizens in Mauritius. The PDS is basically an integrated project with social dimensions for the benefit of the neighbouring community and allows for the development and sale of high standing residential units mainly to foreigners.
Invest Hotel Scheme (IHS)
This Scheme allows Hotel developers to finance the development of a Hotel project by allowing them to sell villas, suites, rooms or other components that form part of the hotel to individual buyers including non-citizens. The unit is to be leased back to the seller and may be used and occupied by the unit owner or any person on his behalf for a total of not more than 45 days in any period of 12 months.
Smart City Scheme (SCS)
This Scheme is about providing investors, nationals and foreigners, with options for living in sustainable, convenient and enjoyable urban surroundings.
These new cities will be built around the work-live-play lifestyle in a vibrant environment with technology and innovation at their core.
an apartment for a price exceeding USD 500,000
Any non-citizen, with or without an occupation permit, residence permit, permanent residence permit, may acquire apartments in condominium developments of at least two levels above ground (G+2) with the prior approval of the Board of Investment. The amount payable for the acquisition of an apartment must not be less than Rs 6 million or its equivalent in any other freely convertible foreign currency.
LETS US HELP YOU FIND A HOME IN MAURITIUS