Investing in Mauritius in 4 essential steps
Preferred destination of expatriatesMauritius is a prime investment country. Before buying a villa or apartment, make sure you are well informed about all the benefits that are available to you depending on your situation.
IRS, RES, PDS, R+2 or SMART CITY? Choose your investment plan in Mauritius
Since 2001, the Mauritian government has created specific investment schemes to enable foreigners to invest in Mauritius' real estate. LIRS, RES and PDS are legal frameworks that frame the construction of real estate programs accessible to Mauritian and non-Mauritian buyers in a secure manner (ten-year guarantee, GFA – financial guarantee of completion).
Before buying a villa or apartment in Mauritius, choose the investment plan that best fits your project:
– The PDS (Property Development Scheme) is the new legal framework in force since 2016. The real estate programs developed after that date are all part of it. Without restriction of area, villas or apartments in PDS can allow you to get resident status in Mauritius. To have access to a permanent residence permit, the value of the property purchased must be greater than or equal to $500,000, or about 428 000€.
– IRS (Integrated Resort Scheme) is still applicable to property built before 2016. It concerns luxury villas and apartments that must be registered on a plot equal to or greater than 10 hectares. The value of an IRS property must be equal to or greater than $500,000.
– The Real Estate Scheme also concerns real estate pre-2016. Without a minimum purchase threshold, it allows for ownership in Mauritius and obtaining a temporary or permanent residence permit, depending on the value of the property.
– R+2 and Smart City concern luxury villas and apartments which must be registered on a plot equal to or greater than 10 hectares.
Realize your Real Estate project Mauritius
To choose your property, consult our ads of villas and apartments for sale Hey! Leading Luxury Home offers you many real estate packages accessible to foreigners thanks to the investment plans in Mauritius.
Our specialized team will support you in all stages of your real estate investment and will advise you on the type of property and the sector most suited to your project. The villas and apartments integrated into the IRS, RES, PDS, R+2 and SMART CITY programmes are widespread throughout the island and are located near the popular seaside resorts of the West and the North.
On the seafront, from TAMARIN to Pointe d
On the northern tip of Mauritius, in the districts of Rivières du Rempart, Pamplemousses and Balaclava, high-quality villas and apartments are marketed. Grand Baie, Grand Gaube, Pointe aux Piments, Poste Lafayette, Trou aux Biches welcome prestigious real estate programs with high-end services in a setting with lush, endemic and exotic nature.
Further south, on the side of Bel Ombre, Baie du Cap and Pointe d'Esny welcome IRS, RES and PDS programs in green nature. This quiet and pleasant part of Mauritius is ideal for buyers looking for tranquility, kitesurfing lovers, water sports and nature hikes, and people looking for change of scenery and unspoilt nature. If you are considering a rental investment, the Savanne district is mainly for wealthy or private pensioners looking for a change of scenery.
Get sound Mauritius resident status
As an investor in Mauritius and through one of the current Mauritian investment schemes, you can obtain the status of Mauritian resident. Different from obtaining Mauritian nationality, it allows you to live in Mauritius or to establish your tax residence there only if you live there for more than 183 days a year.
In Mauritius, the residence permit you can obtain depends on the amount of your investment. The purchase of a property (in RES or PDS) of a value less than $500 000 makes you eligible for a temporary residence permit. This title gives you the right to live in Mauritius for half a year, i.e. up to a maximum of 6 months a year.
It extends to your family (spouse and children) but does not allow you to establish your tax residence in Mauritius.
In the case of an investment exceeding $500 000 (in RES, IRS or PDS), you will have the opportunity to gain permanent Mauritian status. A residence permit also accessible to your family (married spouse and children) and valid throughout the period of possession of the property. It gives you the opportunity to establish your tax residence in Mauritius provided you reside there for more than 186 days a year.
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Tax advantages Mauritius according to your status
Investing in Mauritius allows you to enjoy the Territory's own tax benefits. As a Mauritian resident (owner of real estate living in Mauritius for at least 6 months a year), you will only have to pay income tax of 15%. You are exempt from surplus-value tax, ISF or inheritance tax.
If you are not a permanent resident in Mauritius, and your tax residence is still domiciled in France, you still benefit from tax benefits. Under the non-double taxation agreement between France and Mauritius, real property you purchase from Mauritius is not included in the calculation of your ISF.
