01
Cap Marina
North
The advantages of buying a property in Mauritius :
Access to residence permit
Unrivalled lifestyle
Freehold purchase
International schools and universities
first-class private health service
Tax advantages
Type of ownership of property
It is possible to own freehold property in Mauritius. Most of the schemes by the EDB (Economic Development Board) for residential property are accessible to foreign property buyers in Mauritius in freehold ownership. These schemes include the IRS (Integrated Resort Scheme), RES (Real Estate Scheme), PDS (Property Development Scheme) and SCS (Smart City Schemes). There are other types of ownership that also provide access to freehold property.
How to obtain a Mauritian residence permit?
Yes, it is possible to acquire the Mauritian residency permit via acquisition of Property in Mauritius. Your Real Estate acquisition has to be approved by the EDB (Economic Development Board of Mauritius), which is the governing body around Foreign Direct Investment in Mauritius.
Minimum investment:
The minimum investment required to obtain permanent residency in Mauritius is USD 375,000.
Validity of the residence permit linked to the acquisition of property in Mauritius:
The residence permit is valid for as long as you own the property. Spouses, dependent children and parents of investors are also eligible to obtain residence permits.
Buying in partnership:
It is now possible to buy a property in partnership with a residence permit for each investor, provided that each person invests more than USD 375,000 in the project. So if two of you buy a superb property on the island and each invest more than USD 375,000 in the purchase of a single property, you will each obtain a residence permit.
Who is eligible for a residence permit?
- An investor in commercial activities.
- An investor in real estate - the minimum threshold is USD 375,000.
- An independent entrepreneur - a minimum investment of USD 35,000 is required, and the renewal criterion includes an annual income of Rs 800,000 from the 3rd year of registration for a 10-year residence permit.
- A pensioner.
- Expatriate employees.
- An innovator - if you have an innovative project with an R&D allocation of at least 20% approved by the Economic Development Board, you are eligible for a 10-year residence permit.
New Property Developments in Mauritius
Let’s take a look at the different types of property and their advantages. There are many options for buying property in Mauritius, whether you want to live there or simply make a secure investment. Let’s take a closer look.
What are the taxation benefits of Mauritius?
Mauritius’ favourable tax regime is certainly an advantage for investors, with a maximum tax rate of 15% on personal income, VAT and business profits. In addition, there are no monthly or annual fees or other taxes imposed on property in Mauritius. Another interesting point to consider when buying a property in Mauritius is that you will not be subject to capital gains tax or inheritance tax.
Mauritius, the best foreign property investment destination of South Africans
If you’d like to find out more about the benefits of living in sunny Mauritius, or if you’re not sure where to start, don’t hesitate to contact the Live in Mauritius team.
About Live in Mauritius
Live in Mauritius is here to help investors by providing all the information they need before buying a property in Mauritius. Our “Development” section lists all the real estate projects on the island, making it easy to find the property you are looking for. Whether you are looking for a primary or secondary residence or an investment, our platform offers an overview of the opportunities available. We provide precise details of each project, including features, locations, prices and developer information. Our team of experts is on hand to answer your questions and guide you through the buying process. Contact us today to make your real estate investment in Mauritius a reality.
