Foreign purchasers investors in MauritiusMy Immo Mauritius, real estate agent and professional in Mauritius guides you for your real estate project in Mauritius. https://www.myimmomauritius.co...
Invest in Mauritius in real estate Many foreigners are turning to Mauritius for real estate investment.
Real estate investment by a foreigner is governed by the Non-Citizen Act Property Restriction. Application for investment authorisation to buy a house in Mauritius, buy an apartment in Mauritius or retire in Mauritius...must be made to the EDB - Economic Development Board, formerly BOI. The agreement is then issued by the Prime Minister's Office-PMO. Buying an apartment in Mauritius
RESIDENCY BY PROPERTY ACQUISITION
Property Development Scheme (PDS)
The Property Development Scheme (PDS) is one of the approved schemes, which has been designed to facilitate the development and subsequent purchase of luxurious properties by non-citizens in Mauritius.
Projects developed under this scheme provide outstanding luxury residential properties of high international standards together with high quality open spaces, high-class leisure and recreational facilities as well as day-to-day management services.
On acquisition of residential property for a price exceeding USD 375,000, a non-citizen is granted a residence permit for so long as he/she holds the residential property. The spouse and children below the age of 24 are also granted a residence permit.
Non-citizens who have a residence permit under PDS will be exempted from an Occupation or Work permit to invest and work in Mauritius.
Ground +2 Appartments
As announced in Budget 2021/22 and pursuant to Section 5(1)(ga) of the Immigration Act, a residence permit is now granted to the non-citizen upon acquisition of a residential property in a building of at least 2 floors above ground floor for an amount not lesser than USD 375,000 or its equivalent in any other freely convertible foreign or Mauritian currencies. The residence permit is valid for as long as the non-citizen remains the owner of the residential property under the G+2 scheme.
Foreigners are allowed to purchase apartments in developments outside of the approved residential schemes.
The apartments should be located in condominium developments of at least two levels above ground (G+2) and the purchase price of an apartment should not be less than MUR 6 million or its equivalent in any other hard convertible foreign currency.