Mauritius, often considered, rightly, as a dream destination, is a perfect country to make an investment! Due to the political stability of the country, its numerous real estate developments, its advantageous tax system and its modern infrastructures, Mauritius reassures investors!
Mauritius is ranked as one of the most competitive countries for anyone looking to settle there. Whether you want to come and live with your family, work, or retire peacefully by the water, BARNES Mauritius accompanies you throughout your real estate plan and adapts to your desires so that you can realize the purchase of your dreams or the perfect investment.
To understand how to acquire a property in Mauritius, we have provided you with a summary of the government measures implemented as part of an investment:
The PDS, which has replaced the IRS and RES since 2015, allows the development of high-quality residences in free wait for sale to foreigners. A non-Mauritian can obtain a permanent residence permit when purchasing a residential unit under the PDS scheme if the purchase price is more than USD 375,000.
The SMS is developed on a plot of at least 21,105 hectares (50 acres) and must adhere to the concept of life, work and play. It includes in its implementation many regulations allowing the development of urban spaces, promoting pedestrian life. All goods under the SMS system are open for purchase for foreigners from Mauritius.
The G+2 is a real estate scheme allowing foreigners to acquire an apartment that is not part of a PDS, IRS or RES development. A non-Mauritian can obtain a permanent residence permit when purchasing a residential unit under the G+2 scheme if the purchase price is more than USD 375,000.
Under the IRS, full-ownership villas and other residential properties can be sold for a minimum price of USD 375,000 to non-Mauritians who, upon purchase, receive a residence permit. The few IRS projects put on the market have proven to be very popular and continue to do so, offering luxury facilities to residents. It can be a golf course, a marina, a wellness centre, restaurants, shops and many other high-end amenities.
RES properties can be sold to citizens and non-citizens at no minimum price. However, the acquisition of real estate with a value of at least USD 375,000 entitles the foreign buyer to a residence permit. This program is generally smaller than other real estate projects and is primarily aimed at investors, retirees and professionals who want to invest, work and live in Mauritius, or those who want to enjoy a holiday in Mauritius.
The IHS scheme has been designed to allow hotels to sell their rooms, suites, or villas that are part of the hotel to buyers, either before, during or after the construction of the hotel. It allows buyers a rental income but also offers access to all the services of a luxury hotel.