Mauritius: Frequently Asked Questions
How is the real estate market in Mauritius?
The market Mauritian real estate is expanding. The island has been open to foreign investment for only a decade, its real estate offer is growing more and more, and shopping is facilitated for expatriates.
Who can invest in real estate in Mauritius?
Real estate investment in Mauritius is open to all. The Mauritian government has set up several investment schemes, PDS, RES and IRS to allow foreigners to become owners, without minimum purchase or area.
How to retire to Mauritius?
Mauritius is proud to welcome pensioners from around the world in the best possible conditions. To settle in, it is enough to have 50 years of age and to open an account in a Mauritian bank, supplied with 34,000€ per year and perceived outside the territory.
How to buy a house in Mauritius?
Real estate purchase is accessible to foreigners via Mauritian investment schemes. Do not hesitate to consult our offers and to ask us to guide you in your steps.
Can you start your business in Mauritius?
It is quite possible to start a business in Mauritius. By moving your company to Mauritius, you depend on the Mauritian tax rate, ranging from 0% to 15% maximum of your profits.
If we are a Mauritian resident, are we still paying taxes in France?
If you hold a permanent Mauritian residence permit, you must pay your taxes in Mauritius. If you receive income in France, for example from a rental investment, you have to report it to the tax centre for non-residents in France.
How do taxes work in Mauritius?
Mauritius practises a single income tax. This tax is 15% and is not supplemented by any other tax.
Are real estate investments in Mauritius taxed in France?
Under the non-double taxation agreement between Mauritius and France, real estate investments on the island are not taxable. When purchasing real estate, the Mauritian government collects a tax of 5% of the value of the property.
Is it legal to invest in real estate in Mauritius?
It is totally equal to invest in real estate in Mauritius, whether to live there, for a rental investment, a secondary residence or to retire.
How to become a Mauritian resident?
To become a Mauritian resident, you must acquire property in PDS, IRS or RES. If this property is of a minimum value of 428,000€, and that you reside in Mauritius more than 6 months a year, you are eligible for a permanent residence permit. If you are retired to Mauritius, a residence permit of 3 years is issued, renewable.
How long is a Mauritian residence permit valid?
The permanent Mauritian residence permit is valid for the entire period of possession of your property.
Does the Mauritian residence permit extend to my spouse and children?
Your married spouse and children are eligible for a permanent Mauritian residence permit if you are. Your unmarried spouse can obtain a residence permit of one year renewable each year.
Can we live in Mauritius only part of the year?
If you wish, you can obtain a temporary Mauritian residence permit valid for up to 6 months of the year. The purchase of property in PDS, IRS or RES with a value of less than 428 000€ gives you access to this permit.
What is the best area in Mauritius to retire?
Mauritius is a paradise for pensioners. Grand Bay is one of the privileged regions, being the first seaside resort of Mauritius. Beach, shops, activities, it will seduce lovers of leisure and fun. The lively district of Port-Louis and the natural bay of Flic en Flac are ideal resorts. Cap Malheureux is also popular with pensioners for its calm and authenticity. Lovers of serenity and adventure can also prefer out-of-centre villages to comfortable residences, such as Albion or Akasha.
Can we sell property purchased in Mauritius?
As real estate in Mauritius is booming, it is very easy to sell a recent or old property. The Mauritian government does not levy any tax on real estate sales, the profits from the sale of your property will come back to you entirely.
What are the formalities for working in Mauritius?
To work in Mauritius, you can create a company that will be domiciled there, or look for a job. For this second option, a residence permit is required. Depending on your employment contract, you will have a choice between two interlocutors. If your salary is less than 30,000 Mauritian rupees, it is the Ministry of Labour to register you. If it exceeds 30 000 MUR, it will be at the Economic Development Board (EDB).
