New visa regime creates new rental market niche

Property investors interested in rental returns in Mauritius can look forward to a new revenue stream, thanks to the launch of the Premium Travel Visa.

This renewable visa, introduced by the Mauritius government, is valid for one year. It is open to noncitizens who intend to visit and stay on the island as tourists. Retirees and professionals who plan to work remotely from Mauritius are eligible as well. Their families may join them too and share the delightful experience of expat life in Mauritius.

Visa applications can be filed online, with supporting documents to confirm their long-stay plans. Applicants must show proof of accommodation, sufficient travel and health insurance, and detail the purpose of their visit.

Applicants must meet the country’s basic immigration criteria, subject to the following conditions:

• They won’t enter the Mauritius labour market.
• Their source of income/profits and main place of business should be outside Mauritius.

Perfect timing for seniors to rent prime accommodation

The new one-year Premium Travel Visa can help drive demand for available property rentals best suited for expat life in Mauritius. For retirees availing of this opportunity, by 2Futures emerges as the latest rental pick.

Le Domaine de Grand Baie is a luxury apartment project exclusively for seniors.

Significantly, Le Domaine de Grand Baie has bragging rights as the island’s first serviced community for seniors. 2Futures partnered with Mauritius-based MCB Capital Markets and the French firm Aegide-Domitys to develop this property.

Confidence in the island’s prospects

Aegide-Domitys is a leader in developing and managing residences tailor-made for independent seniors. The group currently manages about 6,000 apartments in France. The company picked Mauritius as its first venture outside Europe, because of the country’s strong service orientation and utmost respect for seniors.

Furthermore, aspiring investors can pick up superb prospects among rental apartments for sale at Les Residences de Mont Choisy. These residences are located on the same site as Le Domaine de Grand Baie.

Besides the new Premium Travel Visa, there’s more to the market dynamics of Mauritius property and expat life in Mauritius. Contact a 2Futures consultant to dig deeper into opportunities for investment in island property.

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Bird’s eye view of Le Domaine de Grand Baie building progress

Les Residences de Mont Choisy apartments nearing completion