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Residency by Property Acquisition

 RESIDENCY BY PROPERTY ACQUISITION 

Acquire a Property in Mauritius and qualify for residency by property acquisition 

Blessed with sunshine all year round, as well as a coastline that is bathed by the warm waters of the Indian Ocean and spread over hundred kilometers, Mauritius remains the ‘place to be’. With a more liberal property market, Mauritius has gained rising popularity with the internationally mobile community comprising HNWIs and influential business personalities.

Mauritius therefore offers different schemes approved and managed by the Economic Development Board to acquire residential property.

Acquire residency by property acquisition – Visit our website and browse through all our developer properties offered at exactly the same prices as directly from the developer.

Mauritius residency by real estate acquisition

 

RESIDENCY BY PROPERTY ACQUISITION

Integrated Resort Scheme (IRS)

Residential estates developed under the IRS offer a wide variety of world class amenities for leisure, entertainment and wellness such as golf courses, marinas, beachclub, clubhouses and wellness centers that surrounds the residences and provide an exclusive resort experience.

A foreigner can acquire residential properties, like villas, townhouses, penthouses, apartments, duplexes and serviced plots of land in existing IRS projects.

The non-citizen and dependents are eligible for a residence permit when he/she has acquired the property at a minimum amount of USD 375,000. The owners may rent the property, become tax resident in Mauritius and face no restriction on the repatriation of funds or revenue raised from the sale or renting of the property.

Non-citizens who have a residence permit under IRS will be exempted from an Occupation or Work permit to invest and work in Mauritius.

What can be acquired?

  • Villas
  • Townhouses
  • Penthouses
  • Apartments
  • Duplexes
  • Serviced plot of land (max extent of 1.25 A or 5,276 m2)

RESIDENCY BY PROPERTY ACQUISITION

Real Estate Scheme (RES)

Another product of the luxury residential offerings of Mauritius, RES projects offers different type of residences ( Villas, penthouses, duplexes, apartments) located within exclusive albeit smaller residential developments.

A foreigner can acquire a residential property in existing RES projects and will be eligible for a residence permit for himself and his dependents if he has invested a minimum amount of USD 375,000 to acquire the property. The owners may rent the property, become tax resident in Mauritius and face no restriction on the repatriation of funds or revenue raised from the sale or renting of the property.

Non-citizens who have a residence permit under RES will be exempted from an Occupation or Work permit to invest and work in Mauritius.

RESIDENCY BY PROPERTY ACQUISITION

Property Development Scheme (PDS)

The Property Development Scheme (PDS) is one of the approved schemes, which has been designed to facilitate the development and subsequent purchase of luxurious properties by non-citizens in Mauritius.

Projects developed under this scheme provide outstanding luxury residential properties of high international standards together with high quality open spaces, high-class leisure and recreational facilities as well as day-to-day management services.

On acquisition of residential property for a price exceeding USD 375,000, a non-citizen is granted a residence permit for so long as he/she holds the residential property. The spouse, children and parents are also granted a residence permit.

Non-citizens who have a residence permit under PDS will be exempted from an Occupation or Work permit to invest and work in Mauritius.

RESIDENCY BY PROPERTY ACQUISITION

Smart City Scheme

The Smart Cities, revolving around the work, life and play concept, are large-scale mixed-use developments in cosmopolitan conurbations with smart technology and pioneering innovation at their core. residential estates are embedded within an integrated masterplan fostering a sustainable and happier lifestyle with ample space and opportunities for innovation driven businesses and multiple leisure amenities, while living next door.

A non-citizen can acquire a residential unit, being a townhouse, villa, apartment, penthouse, or a duplex within any of the smart cities.

Also, non-citizen holders of residence permits, occupation permits or permanent residence permits can acquire a plot of serviced land of an extent of 2,100 m2 for the purpose of building a residence, in a residential development located in a smart city, approved by the EDB. The acquisition has to be made not later than 30 June 2022.

If the acquisition of the residential property is made at a minimum of USD 375,000, the non-citizen is eligible for a residence permit – residency by property acquisition.

Projects approved by the Economic Development Board include

Smart City Certificate Holders:

  • Mon Tresor Smart City
  • Cap Tamarin Smart City
  • Uniciti (Medine Smart City)
  • Moka City
  • Jin Fei Smart City
  • Beau Plan Smart City
  • Mon Choisy Smart City
  • Hermes Properties Ltd
  • Yihai Investment Ltd
  • Royal St Louis
  • Montebello Smart City Ltd

Ground +2 Apartments

 

Foreigners are allowed to purchase apartments in developments outside of the approved residential schemes.

The apartments should be located in condominium developments of at least two levels above ground (G+2) and the purchase price of an apartment should not be less than MUR 6 million or its equivalent in any other hard convertible foreign currency.

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