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
The law of 20 December 2016 allows foreigners to buy apartments in residences of at least 2 floors - R+2. The minimum purchase price is MUR: 6 000 000 rs - 6 million Mauritian rupees or the equivalent in convertible foreign currency. Any non-citizen of Mauritius, with or without occupancy permit and residence permit may purchase apartments with prior approval of the EDB. Buying a house or an apartment under the special PDS, RES and IRS regimes.
Acquisition of villas or apartments above $500,000 USD :
A Permanent Resident Permit is directly linked to the purchase of the property provided the price is over $500,000. The investor will be issued this permit allowing him/her to be fiscally domiciled in Mauritius under the condition of residing more than 6 months-183 days per year on the Mauritian territory. This permit is valid for the purchaser's family including children up to the age of 24 years. The permit is directly linked to the property acquired: it will be valid as long as the purchaser remains the owner of his property.
Acquisition of villas or apartments below 500,000 USD : The PDS, RES schemes also allow to invest in real estate in Mauritius in full ownership, without a minimum amount of $ 500 000 but : The purchase is intended for persons wishing to reside less than 6 months per year in Mauritius and will not entitle the holder to a permanent residence permit. The purchaser will be able to obtain a multiple entry visa for a maximum of 180 days per year. Ideal to make a rental investment or to live in the sun for 6 months a year.