The acquisition of a villa under the IRS Scheme grants resident status to the investor, his spouse and dependents. Under the scheme, outsiders are permitted to buy property with a minimum investment of USD 375,000.
Investment schemes for foreigners
A foreign buyer is entitled to a Mauritian residence permit with the acquisition of certain types of properties. The different schemes authorised by the Government of Mauritius are: IRS, RES, PDS and G+2.
Real Estate Scheme (RES)
The Real Estate Scheme (RES) is similar to the IRS Scheme, except that there is no minimum sale price for the properties in Mauritius. Properties must be of international standing, and on freehold land of LESS than 10 hectares.
Property Development Scheme (PDS)
The Property Development Scheme (PDS) allows the development of a mix of luxurious residential units on freehold land of an extent of at least 1 arpent. Included are public spaces, leisure and other facilities.
Ground+2 Scheme (G+2)
The Non-Citizens (Property Restriction) Act allows foreigners to purchase apartments in condominium developments of at least two levels above ground (G+2).
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