Since 2005, Mauritius has implemented an investment policy in order to attract foreigners wishing to diversify their portfolio

Advantages

  • Attractive policies
  • 5% Government taxes on acquisition or on resale
  • No taxes on real estate capital gains
  • No specific deadline for a resale, only the 5% tax applies
  • Tax convention of the non double taxation on incomes, agreement was made with about forty countries in the world.
  • Rental income taxed at 15%
  • A residential permit issued by the authorities

What are the Real Estate Investments?

  • Foreigners can buy a property within specific real estate programs
  • The Property Development Scheme(PDS) formerly IRS and RES
  • R+2
  • Invest Hotel Scheme( HIS)
  • Smart City

The PDS

The PDS was introduced in 2005, this program offers individual villas, apartments of high standing, serviced land in secured areas.

If the amount is above USD 375 000, the investor will benefit from a permanent resident status as well as his beneficiaries.

Possibility of establishing his tax residence for him and his beneficiaries.

Ability to work and invest without the need of an occupancy permit.

R+ 2 (Ground + two apartment)

Since 2016, foreigners can acquire in co ownership in a building of at least two floors.

The purchase price must be a minimum of Rs 6 000 000or about Euros 125 000 (depending on the exchange rate), if the amount is above USD 375 000, the purchaser will hold a permanent residence permit. If the amount is less than USD 375 000, the purchaser will obtain a temporary residence permit enable him to stay for a period of 6 months per year.

This does not apply on “Government leasehold lands”

INVEST HOTEL SCHEME

Established in 2010 it is possible to acquire a property that is part of a hotel Complex, hotel room, apartment or villa managed by the Hotel. No minimum investment amounts. The use of the purchased good must not exceed 180 days during a year. No permits attached for this investment.

SMART CITY

Established in 2015, these projects are to aim for creating living spaces combining commercial areas, offices, homes and also relaxed areas.

There is no minimum required to invest. If the amount is above USD 375 000, the purchaser will be able to obtain the permanent residence permit. He will also be exempted from the occupancy permit and will be able to work and invest.

Until June 30/ 2024, possibility also for those who have an occupation permit, a permanent residence permit to acquire a plot of land for residential purposes (maximum area is 2100 sqmeters). The construction of the building should be completed within 5 years.

OTHER Advantages for foreigners

Residential and working permit combined together in an one and only permit.

The validity of an occupation permit for non citizen retired person extended from 3 to 10 years.

The minimum investment amount to obtain an occupation permit as a foreign investor is now USD 50 000 instead of USD 100 000.

The spouse of the occupation permit holder will not need to invest or work.