Mauritius

Mark Twain once wrote that ‘Mauritius was made first and then heaven, heaven being copied after Mauritius’. For the most part, it’s true…

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Island Living at It’s Finest

How to buy property in Mauritius when you are a Foreigner?

Mauritius is a popular holiday destination. With its outstanding setting, it is a real paradise nestled in the heart of the Indian Ocean. But we also know the island for its flourishing real estate market. Over the years, Mauritius has built a solid reputation among investors thanks to its political and economic stability, but above all thanks to its tax advantages favourable to foreign investment. This is the case in the real estate sector.

The Property development scheme

Real estate investment for foreigners in Mauritius is quite possible thanks to the Property Development Scheme (PDS). Non-Mauritians wishing to buy villas, new houses or other types of housing must go through this program. The idea behind it : to facilitate the acquisition by a foreign national of a property in Mauritius. 

Since 2015, the PDS has replaced all the IRS (Integrated resort scheme), RES (Real estate scheme), and IHS (Integrated resort scheme) real estate schemes. It brings together the necessary steps and conditions to allow foreigners to invest in the island while avoiding real estate speculation for the locals. It makes no distinction between large and small owners, hence the registration fee of 5%.

With the prior approval of the Board of Investment (BOI), the PDS now allows foreign nationals with or without an occupation permit, a residence permit, a permanent residence permit to purchase real estate worth more than 6 million rupees.

The programme also stipulates that the land subject to sale must not be located on the beaches of Mauritius and must have been owned by the owner for at least five years.

Conditions stipulated by the PDS

Some conditions are of course required for non-Mauritians wishing to buy a property in Mauritius :

• the development of luxury residential units on land in full ownership between 0.4220 and 21.105 hectares
• the development of at least six high quality residential estates
• high-level public spaces that help promote social interaction and a sense of community
• recreational activities, commercial facilities and high-level equipment designed to enhance residential units
• management services for residents including safety, maintenance, gardening, solid waste disposal and domestic services
• a social contribution in terms of social services, community development and facilities for the benefit of the community
• the development of luxury residential units on land of at least 1 acre (3,419 m²)

Foreign Buyers

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