Investing in real estate in Mauritius is an attractive opportunity for many local and foreign buyers. However, it is essential to know and understand the different real estate regimes available before taking the plunge. These schemes, set up by the Mauritian government, enable foreigners to acquire property while stimulating the local economy.
Côté Sud helps you understand the different real estate regimes in Mauritius: IRS, RES, PDS, Smart Cities and G+2.
IRS and RES
Integrated Resort Scheme (IRS)
The IRS was introduced in 2002 to encourage foreign investors to acquire high-end properties in Mauritius.
Main features:
- Properties must be sold at a minimum price of 350,000 USD.
- The purchase entitles the buyer and his family to a residence permit.
- IRS projects often include luxury amenities such as golf courses, spas, restaurants and marinas.
Benefits:
- Ideal for investors seeking a luxurious lifestyle in secure surroundings.
- Properties located in sought-after areas, usually with sea views or close to beaches.
Real Estate Scheme (RES)
Launched in 2007, RES targets smaller-scale real estate projects, adapted to different budgets while allowing foreigners to purchase.
Main features:
- Unlike the IRS, there is no minimum purchase price.
- RES projects do not exceed 10 hectares.
- Residence permits are granted only if the investment exceeds USD 350,000.
Benefits:
- More options available for investors with varying budgets.
- Projects located in attractive, developed areas.
Property Development Scheme (PDS)
The PDS, introduced in 2015, replaces and combines the IRS and RES regimes to offer greater flexibility to developers and buyers.
Main features:
- No minimum property purchase price.
- PDS projects must include community elements such as green spaces, shared amenities, and management services.
- A residence permit is required for all purchases over 350,000 USD.
Benefits:
- A better balance between luxury and accessibility.
- Modern, well-integrated projects.
Smart Cities
This innovative scheme, introduced in 2015, aims to develop integrated, sustainable urban areas, combining residential life, commerce, leisure and innovation.
Main features:
- Designed to create smart cities with modern infrastructures and advanced technologies.
- Investors can purchase apartments, villas or land in predefined areas.
Benefits:
- Opportunity to invest in urban and sustainable projects.
- Ideal for those seeking a modern lifestyle with easy access to essential services.
G+2
The G+2 scheme in Mauritius offers a unique opportunity for foreign investors to own a condominium apartment in a building with at least two floors, starting at a minimum of USD 175,000.
Main features:
- Reduced investment amount
- More choice of locations
Benefits:
- Affordability and full ownership
- Rental potential
How to choose the right real estate regime?
The choice mainly depends on your objectives and budget. Each of these schemes offers unique opportunities for foreign and local investors wishing to invest in the Mauritian real estate market. Whether you’re looking for a luxury villa by the sea, a family home in the heart of the island or a modern apartment in a smart city, Mauritius has something for everyone.
For more information and personalized advice, please contact our team. Côté Sud’s real estate agents will be delighted to help you with your real estate project in Mauritius. In the meantime, take a look at our available properties!
