Buy a property in Mauritius

Foreigners can buy real estate in Mauritius mainly under specific schemes such as the Property Development Scheme (PDS), the Integrated Resort Scheme (IRS), the Real Estate Scheme (RES), the Invest Hotel Scheme (IHS), the Smart City (urban complexes offering luxurious residences, work and leisure spaces under the prism of innovation) and the R+2 Regime (apartments located in condominiums of at least two floors).
The property purchase process involves several steps, including the signing of a preliminary reservation contract or promise of sale, accompanied by the payment of a reservation deposit (included between 5% and 10%). The act must be signed before a Mauritian notary or by proxy from your country of residence. It is essential to obtain an authorization from the Economic Development Board (EDB) to validate your acquisition (delays ranging from 3 to 6 months depending on the acquisition scheme).
As an indication, in 2024 the minimum amount of investment for foreigners is set at 6 million Mauritian rupees. This amount is equivalent to about 120,000 €* based on current exchange rate (approximately 1€50MUR in 2024), but it does not permit the obtaining of the residence permit. To grant the buyer and his family a permanent residence permit in Mauritius, a minimum investment of USD 375,000 is required.

Foreigners can acquire villas, apartments, penthouses, duplexes and land in the various acquisition schemes (SCHEME).
With regard to the areas of interest, although the west and north coasts are currently of great interest, each region of Mauritius has a certain enthusiasm. Each of them offers a unique and authentic experience, from dynamic urban life to natural havens of peace, not to mention white sand beaches.

Mauritius offers an attractive tax environment for real estate investors. Tax benefits include the absence of capital gains tax, inheritance tax (depending on the country in which the successor/s reside), housing tax and property taxes. As regards the costs associated with the purchase, buyers must provide for notary fees, usually around 1% (+ VAT) of the purchase value, as well as the Land Registration Duty (registration tax) amounting to 5% of the purchase price and agency fees (2% tax + VAT) – applicable in 2024. These costs are offset by a stable economic and political framework and reduced taxation, making Mauritius a prime destination for real estate investment.

Foreign buyers in Mauritius can benefit from several financing options. Local banks offer mortgages to non-residents, often with variable interest rates. Investors are advised to check eligibility conditions and prepare the necessary financial documents, such as proof of stable income and assessments of current loans.
In terms of legal guarantees, the acquisition of property in Mauritius is protected by Mauritian law, which protects the rights of foreign buyers through the systematic registration of title. Transactions are regulated by notaries who ensure the legal compliance of each stage of the purchase process. The Mauritian Civil Code of 90% of the Civil Code of Napoleon allows for a more accessible reading of the regulations in force. This robust legal infrastructure ensures investment protection and offers great peace of mind to foreign buyers.

Yes, it is possible to obtain a residence permit by buying real estate in Mauritius, provided that the purchase is made under a PDS (Property Development Scheme) or other schemes accredited by the Economic Development Board. The minimum investment required to qualify for a residence permit is USD 375,000. This option allows the buyer, as well as his family (spouse and dependent children under 24 years of age), to legally reside in Mauritius. This residence permit does not confer citizenship, but it offers security and flexibility to live on the island while enjoying the benefits it offers. This is a significant asset for those who wish to settle permanently or spend much of the year on the island.

Our real estate agency offers rental management services that include renting your property, running maintenance and administrative follow-up in your absence. It also ensures the selection and management of tenants, the recovery of rents and the maintenance of the property in good condition.
These services provide peace of mind to the owners and ensure that their investment is well optimized, even when they are not physically present on the island.