Investment in Mauritius

Investing in Mauritius ?

Upon the shores of Mauritius, a welcoming invitation unfurls to a rich tapestry of individuals and enterprises, beckoning them to partake in the island's terrestrial treasures. With deliberate intent, the Mauritian government cultivates a fertile ground for global investment within its property market, orchestrating a symphony of schemes and regulations designed to harmonize international interests with the island's enduring allure.

Who can Invest in Mauritius real estate ?

Non-Citizens (Foreign Nationals) can buy property in Mauritius:

Individuals: Foreign individuals can purchase property in Mauritius, with or without a residence permit.

Companies: Foreign companies registered under the Companies Act 2001 can invest in real estate.

Trusts, Foundations, Limited Partnerships (LPs), and Sociétés: These entities are also eligible to invest in Mauritian real estate

 

A 'Work & Live in Mauritius' department has been set up within the Economic Development Board "EDB" as a single-facing service counter to expedite formalities for individuals and investors setting up in Mauritius. Foreign nationals, investors and non-investors alike, may also buy freehold property in Mauritius under the provisions of specially studied schemes, they are:

1: Integrated Resort Scheme (IRS)
Under the Integrated Resort Scheme (IRS), luxury villas and other residential properties can be sold freehold at a minimum price of U$D 375,000 to foreigners who, de facto, receive a residence permit. The few IRS villas put on the market so far have proven very popular.

The IRS targets the high-end segment of the international property market, i.e - high net-worth individuals with high purchasing power. The investor may sell the property with no minimum selling price restriction; rent the property, elect tax residency in Mauritius and is free to repatriate funds or revenue reaised from the sale or renting of the IRS property.

2: Real Estate Scheme (RES)
Under the Real Estate Scheme (RES), residential units are sold to non-citizens at no minimum price. However, acquisition of property worth at least U$D 375,000 entitles the purchaser a residence permit. This scheme is targeted mainly for those investors, retirees and professionals, who want to invest, work and live in Mauritius or for those individuals who want to have a second home or holiday retreat in Mauritius.

3: Property Development Scheme (PDS): This is the main current scheme that allows foreigners to buy high-quality residential properties. Investment in a PDS property exceeding USD 375,000 generally grants the buyer a permanent residence permit.

4: Smart City Scheme (SCS): These are large-scale, sustainable urban developments where foreigners can purchase various types of properties, including apartments, villas, and land (under specific conditions).

5: Ground + 2 Apartments (G+2): Foreigners can buy apartments in buildings with at least two floors above ground (Ground + 2) if the price is at least MUR 6 million. While this purchase doesn't automatically grant residency, an investment exceeding USD 375,000 in a G+2 property can lead to permanent residence.

6: Invest Hotel Scheme (IHS): This scheme allows investors to buy hotel rooms, suites, or villas within a hotel complex, generating rental income and potentially offering access to hotel services.

Authorization from the Economic Development Board (EDB): Foreigners generally need authorization from the EDB to invest in real estate in Mauritius, whether within or outside the approved schemes.

Why invest in Mauritius ?

 

The advantages of investing in Mauritius are:

- Social and political stability
- A strong and diversified economy
- An educated and bilingual workforce
- A pool of skilled and qualified professionals
- A business friendly environment
- Preferential access to international market
- A modern and reliable infrastructure
- A comprehensive and forward looking legal framework
- A growing international business and financial hub
- A safe and enjoyable place to work and live

A competitive business environment

Mauritius offers a low tax jurisdiction and an investor-friendly environment to encourage local and foreign companies to set up a business.
- Harmonised corporate and income tax of 15%
- Tax free dividend
- No capital gains tax
- 100% foreign ownership
- Exemption from customs duty on equipment
- Free repatriation of profits, dividends and capital
- No minimum foreign capital required
- 50% annual allowance on declining balance for the purchase of electronic and computer equipment

 

E-mail: info@mauritiusproperty.org