Foreign buyers invest in designated property developments in Mauritius

The Property Development Scheme (PDS), which has replaced the Integrated Resort Scheme (IRS) and Real Estate Scheme (RES), allows the development of a mix of residences for sale to noncitizens, citizens and members of the Mauritian diaspora. These range from luxurious villas to spacious, light-filled apartments.

What is a Property Development Scheme (PDS)?

The Property Development Scheme (PDS) enables noncitizens, Mauritians and the Mauritian diaspora to acquire a property within a prestigious residential development. A foreign buyer, i.e. a noncitizen, who invests more than USD375,000 (or the equivalent in another currency) in a PDS is eligible for permanent resident status. In addition, their dependents (spouse, children under 24 years of age, and parents) are granted a permanent residence permit. What’s more, the buyer and their spouse no longer need an occupation permit to invest and work in Mauritius. The PDS harmonises the registration tax at a single rate of 5% (instead of USD70,000 for registration of a deed under an Integrated Resort Scheme and USD25,000 under a Real Estate Scheme).

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What are the Integrated Resort Scheme (IRS) and Real Estate Scheme (RES)?

Noncitizens can acquire high-end residential property under the IRS and RES. Thus, the noncitizen and their dependents (spouse, children under 24 years of age and parents) all get a permanent residence permit when they buy property for a minimum amount of USD375,000. As a result, the buyer and their spouse no longer need an occupation permit to invest and work in Mauritius. The buyer becomes a tax resident in Mauritius and is not subject to any restrictions on the repatriation of funds or income from the sale or rental of the property.

What is a G+2 development?

The G+2 development scheme allows foreigners to invest in a condominium flat in a building with at least two floors. The sale price must not be less than MUR6 million (or the equivalent in another currency). For any purchase above USD500,000 (or the equivalent amount in another currency) a noncitizen may apply for a long-stay visa from the Economic Development Board (EDB). This long-stay visa allows the buyer and their dependents (spouse and children under 24 years of age) to reside freely for a consecutive period of 10 years, renewable. The visa remains valid for as long as the buyer holds the property. However, this purchase does not allow the buyer to work in Mauritius. They will have to apply to the EDB to obtain an occupation permit to carry out a professional activity.

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Foreign buyer’s guide for property investment in Mauritius

Mauritius luxury property developments close to completion