Mauritius is the most popular destination in the Indian Ocean, with its favourable tropical climate all year round and fine sandy beaches. With political and economic stability, a secure legal framework, attractive taxation and a solid banking system, Mauritius enjoys an excellent international image. Moreover, the United Nations’ World Happiness Report 2020 rates Mauritius as the happiest country on the African continent.
Regulated real estate investment – financial guarantees of completion
International schools and universities
Top-quality medical care
Safe, secure lifestyle
Good rental returns and capital growth
Tropical climate all year round
What are some of the fiscal benefits to investing in Mauritius?
No property tax or housing tax
15% income tax on your rental income
No tax on dividends and capital gains
No inheritance tax
Double taxation agreement signed with more than 40 countries (such as France, South Africa, and Luxembourg among others)
Low bond interest rates
Who can acquire a residential property in Mauritius?
A natural person, whether a citizen of Mauritius, a noncitizen or a member of the Mauritian diaspora;
A company incorporated or registered under the Companies Act;
A société, where its deed of formation is deposited with the Registrar of Companies;
A limited partnership under the Limited Partnerships Act;
A trust, where the trusteeship services are provided by a qualified trustee; or
A Foundation under the Foundations Act.
Note: A qualified global business as defined under the Financial Services Act 2007 holding a Global Business Licence may acquire property under the Property Development Scheme.
What steps must you follow to buy property in Mauritius?
Find the home you love.
Sign the Contrat de Réservation Préliminaire (CRP) and pay a deposit to secure your property.
2Futures applies for EDB Approval on your behalf for your unit by submitting your application together with the relevant Know Your Client (KYC) to the EDB. You will need to pay the additional fees: – 5% Government registration tax – 1% Notary fees – MUR50,000 Administration cost.
Wait for the EDB’s approval (around two months).
Once EDB’s approval is received and the balance owing on your property is paid, the title deed will be signed and registered.
Once title deed is registered, if your property qualifies for Permanent Residency (minimum investment of USD375,000), then 2Futures applies for permanent residency on your behalf by submitting your application and relevant residency documents to the Prime Minister’s Office (PMO)
Yes. Local banks offer attractive home loan rates.
Can you get permanent residency in Mauritius?
When you spend a minimum USD375,000 on your new home, you will be eligible to apply for the permanent residency permit. Your application with the relevant Know Your Client (KYC) should be submitted to the EDB.
Do you need a visa to stay longer in Mauritius?
Because Mauritius is a COVID-safe destination, the island government has introduced the Premium Travel Visa work remotely while experiencing island life. The visa is valid for one year, renewable.
To qualify, potential applicants must produce proof of their long–stay plans as well as sufficient travel and health insurance for the planned period.
What do you need to apply for the Premium Travel Visa?
Applicants should not enter the Mauritius labour market.
Applicants’ main place of business, and source of income and profits, should be outside Mauritius.
Documentary evidence must be supplied to support their application i.e. purpose of visit, accommodation, etc.
Other basic immigration requirements must also be met.
This is the ideal opportunity for foreigners to experience life in Mauritius before deciding whether they want to make the island lifestyle more permanent. In conclusion, you can apply for the Premium Travel Visa online.
Find the home you love.
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