Buying villa in Mauritius
Buying a villa in Mauritius can be an attractive prospect, especially given the island's beautiful environment, stable economy, and favorable tax regime for property owners (no annual property tax, no capital gains tax).
Mauritian citizens can freely acquire real estate on the island. However, non-citizens can mainly acquire real estate under specific programs approved by the Economic Development Board (EDB). These programs include: IRS, RES, PDS, IHS, Smart city.
Costs and fees:
When buying a villa in Mauritius, expect the following costs, in addition to the price of the property:
Registration fee: This is a government tax paid by the buyer, usually 5% of the property value. First-time buyers (Mauritian citizens) may be exempt from the tax on the first 5 million Mauritian rupees.
Notary fees: These fees are calculated on a sliding scale based on the value of the property and include 15% VAT. They generally vary between 0.6% and 1.15% of the property price (VAT included).
Real estate agency fees: Typically, agency fees are 4% + VAT (4.6%), usually split equally between the buyer and seller (2% + VAT each). However, for off-plan purchases through a real estate agency, the buyer often pays no agency fees, as these are covered by the developer.
Real estate
