Knowing the different schemes for investing in Mauritius<\/h2>\n\nIRS, RES et PDS<\/strong><\/h3>\n\nThe Integrated Resort Scheme (IRS), the Real Estate Scheme (RES) and the Property Development Scheme (PDS) are schemes designed to facilitate the purchase of property in Mauritius by non-residents. These schemes allow the development and sale of luxury residential properties to foreigners.<\/p>\n\n
They offer the opportunity to buy top-of-the-range villas or flats in residential complexes. These properties are also available as VEFA (Vente en l’Etat Futur d’Ach\u00e8vement), similar to the practice in France.<\/p>\n\n
Villas are generally equipped with high-quality facilities that are accessible to all residents (sports grounds, spas, children’s play areas, etc.). They also offer shared services (cleaning, concierge, security, etc.).<\/p>\n\n
These schemes encourage the development and purchase of luxury residences in Mauritius by foreign investors. They are the most commonly used schemes for acquiring property on the island. Since 2016, the PDS has replaced the IRS and RES schemes.<\/p>\n\n![\"\"](\"https:\/\/cote-sud.mu\/wp-content\/uploads\/2024\/09\/HRS06556_LR-1-1024x640.jpg\")
<\/a>Villa in Domaine d’Anbalaba – IRS in Baie du Cap<\/figcaption><\/figure>\n\nGood to know:<\/strong> if the value of the property exceeds US$375,000 (or the equivalent in other currencies), you automatically obtain a permanent residence permit, which is also valid for your spouse and members of your tax household. This permit is valid for as long as you own property on the island and is transferable if there is a change of ownership. You are considered a Mauritian tax resident if you reside in Mauritius for more than 183 days a year.<\/p>\n\nParticular case: if the property purchase is made via an SCI (Soci\u00e9t\u00e9 Civile Immobili\u00e8re) or another form of company involving several investors, only one of them will be able to obtain the residence permit. However, it is possible to transfer this permit subject to notification of the competent authorities.<\/p>\n\n
G+2<\/strong><\/h3>\n\nAlso introduced in 2016, the G+2 scheme allows any foreign investor to buy a freehold flat in a building with at least two floors. The price of the property must be at least MUR 6,000,000 (or the equivalent in convertible foreign currency).<\/p>\n\n
Unlike the PDS scheme, the G+2 scheme does not offer access to permanent residence or tax residency, but it is possible to obtain a 6-month residence permit if the price of the property exceeds US$375,000. The scheme also allows the property purchased to be rented out, generating tax-free rental income in France.<\/p>\n\n
SCS<\/strong><\/h3>\n\nLaunched in 2015 by the Mauritian government, the Smart City Scheme (SCS) aims to create new urban spaces that respect the environment, integrating residences, offices, medical services, shops, leisure, sports and education. Foreign investors can acquire villas, houses, flats, duplexes, residential plots and offices within these areas. A residence permit is issued for properties costing more than US$375,000. This allows you to be domiciled in Mauritius for tax purposes, provided you reside on the island for more than 183 days a year.<\/p>\n\n
Investing in Mauritius: the advantages<\/h2>\n\n
In addition to its particularly attractive tax regime, Mauritius offers an exceptional living environment, much appreciated by foreign investors. Its lagoons, white sandy beaches, breathtaking scenery, tropical climate and relaxed lifestyle appeal to everyone. Economically, the island continues to grow year on year. The Mauritian economy is even considered one of the best performing in Africa.<\/p>\n\n
There are many advantages to investing for French and foreign buyers:<\/p>\n\n
\n- Seasonal rental demand is constantly on the rise.<\/li>\n\n\n\n
- A return of between 4% and 10% on a property investment.<\/li>\n\n\n\n
- Top-of-the-range, modern, quality properties, perfect for living in or renting out.<\/li>\n\n\n\n
- A stable social and political context since 1968.<\/li>\n\n\n\n
- A safe environment.<\/li>\n\n\n\n
- A judicial system independent of political power, offering the same guarantees to foreign investors as to Mauritians.<\/li>\n\n\n\n
- A dynamic financial sector.<\/li>\n\n\n\n
- Enhanced protection for investors through investment protection agreements.<\/li>\n\n\n\n
- A high-performance healthcare system.<\/li>\n\n\n\n
- Renowned international schools.<\/li>\n\n\n\n
- A multilingual population: although English is the official language, Mauritians also speak French.<\/li>\n<\/ul>\n\n
The procedure for investing in Mauritius <\/h2>\n\n
To invest in property in Mauritius, you need to follow a precise procedure:<\/p>\n\n
Application for EDB approval<\/strong><\/h3>\n\nThe first step is to submit a written application to the Economic Development Board (EDB) in Mauritius, together with a number of documents: a copy of your passport, a letter of recommendation from a bank, etc.<\/p>\n\n
Signature of the preliminary reservation contract (CRP)<\/h3>\n\n
Once you have obtained the EDB’s approval, you must sign the preliminary reservation contract (CRP), the equivalent of the compromis de vente in France. This contract blocks the reservation of the property. Once the CRP has been signed, you have 15 days to pay a deposit. This is equivalent to 10% of the price of the property, paid into an escrow account opened in the name of the notary. If the purchase is a VEFA (Vente en l’Etat Futur d’Ach\u00e8vement), this percentage can rise to 25%. In this case, the deposit is paid when the deed of sale is signed. If the deed of sale is signed between 1 and 2 years after the CRP was signed, the deposit must not exceed 2%. After two years, no deposit is required.<\/p>\n\n
Signature of the deed of sale<\/h3>\n\n
Once the reservation has been confirmed, you can sign the deed of sale in the presence of a Mauritian notary. At this stage, you will also pay the remaining balance (90%). For VEFA sales, payments are made according to the progress of work, as stipulated in the CRP.<\/p>\n\n
Notary fees<\/h3>\n\n
As in France, the purchase of a property in Mauritius involves notary fees payable by the investor. These represent 1.15% (including tax) of the price of the property, in the context of property schemes aimed at foreign investors.<\/p>\n\n
Land Transfer Tax<\/h3>\n\n
Finally, both the buyer\/investor and the seller\/developer pay a property transfer tax of 5% of the price of the property.<\/p>\n\n
Where to invest in Mauritius?<\/h2>\n\n
Mauritius offers a wide range of properties: villas, flats, houses, duplexes, bungalows and more. Depending on your objective – to invest for rental or to live in – some locations are more suitable than others: seaside, urban proximity, nature, amenities, etc. <\/p>\n\n
Find all the top destinations in Mauritius in the C\u00f4t\u00e9 Sud property catalogue. <\/a><\/p>\n\nDomaine d’Anbalaba, the new place to live in the south of Mauritius. <\/h2>\n\n
The Integrated Resort Scheme (IRS), the Real Estate Scheme (RES) and the Property Development Scheme (PDS) are schemes designed to facilitate the purchase of property in Mauritius by non-residents. These schemes allow the development and sale of luxury residential properties to foreigners.<\/p>\n\n
They offer the opportunity to buy top-of-the-range villas or flats in residential complexes. These properties are also available as VEFA (Vente en l’Etat Futur d’Ach\u00e8vement), similar to the practice in France.<\/p>\n\n
Villas are generally equipped with high-quality facilities that are accessible to all residents (sports grounds, spas, children’s play areas, etc.). They also offer shared services (cleaning, concierge, security, etc.).<\/p>\n\n
These schemes encourage the development and purchase of luxury residences in Mauritius by foreign investors. They are the most commonly used schemes for acquiring property on the island. Since 2016, the PDS has replaced the IRS and RES schemes.<\/p>\n\n Good to know:<\/strong> if the value of the property exceeds US$375,000 (or the equivalent in other currencies), you automatically obtain a permanent residence permit, which is also valid for your spouse and members of your tax household. This permit is valid for as long as you own property on the island and is transferable if there is a change of ownership. You are considered a Mauritian tax resident if you reside in Mauritius for more than 183 days a year.<\/p>\n\n Particular case: if the property purchase is made via an SCI (Soci\u00e9t\u00e9 Civile Immobili\u00e8re) or another form of company involving several investors, only one of them will be able to obtain the residence permit. However, it is possible to transfer this permit subject to notification of the competent authorities.<\/p>\n\n Also introduced in 2016, the G+2 scheme allows any foreign investor to buy a freehold flat in a building with at least two floors. The price of the property must be at least MUR 6,000,000 (or the equivalent in convertible foreign currency).<\/p>\n\n Unlike the PDS scheme, the G+2 scheme does not offer access to permanent residence or tax residency, but it is possible to obtain a 6-month residence permit if the price of the property exceeds US$375,000. The scheme also allows the property purchased to be rented out, generating tax-free rental income in France.<\/p>\n\n Launched in 2015 by the Mauritian government, the Smart City Scheme (SCS) aims to create new urban spaces that respect the environment, integrating residences, offices, medical services, shops, leisure, sports and education. Foreign investors can acquire villas, houses, flats, duplexes, residential plots and offices within these areas. A residence permit is issued for properties costing more than US$375,000. This allows you to be domiciled in Mauritius for tax purposes, provided you reside on the island for more than 183 days a year.<\/p>\n\n In addition to its particularly attractive tax regime, Mauritius offers an exceptional living environment, much appreciated by foreign investors. Its lagoons, white sandy beaches, breathtaking scenery, tropical climate and relaxed lifestyle appeal to everyone. Economically, the island continues to grow year on year. The Mauritian economy is even considered one of the best performing in Africa.<\/p>\n\n There are many advantages to investing for French and foreign buyers:<\/p>\n\n To invest in property in Mauritius, you need to follow a precise procedure:<\/p>\n\n The first step is to submit a written application to the Economic Development Board (EDB) in Mauritius, together with a number of documents: a copy of your passport, a letter of recommendation from a bank, etc.<\/p>\n\n Once you have obtained the EDB’s approval, you must sign the preliminary reservation contract (CRP), the equivalent of the compromis de vente in France. This contract blocks the reservation of the property. Once the CRP has been signed, you have 15 days to pay a deposit. This is equivalent to 10% of the price of the property, paid into an escrow account opened in the name of the notary. If the purchase is a VEFA (Vente en l’Etat Futur d’Ach\u00e8vement), this percentage can rise to 25%. In this case, the deposit is paid when the deed of sale is signed. If the deed of sale is signed between 1 and 2 years after the CRP was signed, the deposit must not exceed 2%. After two years, no deposit is required.<\/p>\n\n Once the reservation has been confirmed, you can sign the deed of sale in the presence of a Mauritian notary. At this stage, you will also pay the remaining balance (90%). For VEFA sales, payments are made according to the progress of work, as stipulated in the CRP.<\/p>\n\n As in France, the purchase of a property in Mauritius involves notary fees payable by the investor. These represent 1.15% (including tax) of the price of the property, in the context of property schemes aimed at foreign investors.<\/p>\n\n Finally, both the buyer\/investor and the seller\/developer pay a property transfer tax of 5% of the price of the property.<\/p>\n\n Mauritius offers a wide range of properties: villas, flats, houses, duplexes, bungalows and more. Depending on your objective – to invest for rental or to live in – some locations are more suitable than others: seaside, urban proximity, nature, amenities, etc. <\/p>\n\n Find all the top destinations in Mauritius in the C\u00f4t\u00e9 Sud property catalogue. <\/a><\/p>\n\n<\/a>G+2<\/strong><\/h3>\n\n
SCS<\/strong><\/h3>\n\n
Investing in Mauritius: the advantages<\/h2>\n\n
\n
The procedure for investing in Mauritius <\/h2>\n\n
Application for EDB approval<\/strong><\/h3>\n\n
Signature of the preliminary reservation contract (CRP)<\/h3>\n\n
Signature of the deed of sale<\/h3>\n\n
Notary fees<\/h3>\n\n
Land Transfer Tax<\/h3>\n\n
Where to invest in Mauritius?<\/h2>\n\n
Domaine d’Anbalaba, the new place to live in the south of Mauritius. <\/h2>\n\n