The 7 key principles for a successful real estate project in Mauritius

Presentation of Mauritius

Mauritius, crossroads of civilizations

• A modern country

When one mentions Mauritius, one immediately thinks of the beautiful beaches of fine sand, the blue azure sky, at an ideal temperature.

We'll introduce you to this beautiful island so you can get the most accurate idea of it.

• Political stability

Mauritius is a modern country. Its Human Development Index is 0.8, or 66 global. The island has quality infrastructure that is very close to European standards. The country is a democracy. It offers political and economic stability as well as steady economic growth.

Mauritius has a large modern airport, named SSR for intimates, Sir Seewoosagur Ramgoolam, artisan of Mauritian independence in 1968. It is located in the southeast that connects the island to the world.

• A crossroads of civilizations

Mauritius, a crossroads of civilizations. A mixture of cultures and religions in harmony. Add to this a total freedom of expression and a genuine social peace, making Mauritius a particularly safe and pleasant destination to live in. Currency is the Mauritanian Rupee. 1 euro is worth about 50 Mauritanian rupees (MUR) (depending on the exchange rate).

An island with many activities

You will find on the island a multitude of local artisanal shops, but also shopping centers « European Union ». You will not be moved as you can find on Mauritius the biggest international brands but also all the products of everyday life. For leisure, restaurants, cultural centres and cinemas are numerous.

Mauritius' climate is about 27 degrees of average temperature and 22 degrees at the lowest. It is therefore ideal for outdoors, sports and nautical activities in particular. This climate also allows the island to be spared from malaria and yellow fever.

The island has become the must-see place fora golf practiceeven organising major international competitions. Mauritius has 15 golf courses open all year round. There are some for all golfers' profiles ( Golf de Mont Choisy, the golf club paradise )

The highly prized sports in Mauritius are also surfing, kite surfing whose spot in Morne enjoys international fame, scuba diving, snorkelling...

An effective health system

Overall, Mauritius' health system is well organized. The Island practitioners are well trained, competent and most often distributed in multidisciplinary medical practices As in Europe. There are many pharmacies on the island (about 40). For more important care, there are about 20 private clinics spread over the whole island. Mauritius also owns 5 public hospitalsoffering care equivalent to those offered in metropolitan France.

So you don't have to worry about your health, you will be well cared for.

Has the island presentation finished convincing you to invest in a real estate project?

Key principles to be respected

Know Mauritius beyond the beaches

First, before embarking on a real estate project in Mauritius, it is important to know the island as a whole.

Its various cities, its uses and contumes, its inhabitants. If you want to live there, you have to come and travel there to get an idea. If you invest only, some agencies can be your eyes and ears and can help you remotely invest without even visiting the place.

Go through a real estate agency that knows places and laws

Investing in another country is still a little worrying, which is why it is crucial to call on a trusted intermediary who can act as the buyer's representative on the spot, thus avoiding unnecessary travel. Moreover, the island's legislation is abundant and evolving. Calling on our professional agency will help you avoid bad surprises and risky projects.

Whether you wish to live fully on the island, temporarily, or make a rental investment in a real estate program, we will accompany you.

Define Budget

First of all, it is mandatory to define the budget you want to use for your real estate project on Mauritius. The amount of investment on the island will affect the rights granted to you (IRS, RES, PDS, Invest Hotel Scheme etc.). So you need to define this element in order to master the rights and duties attached to it. Think of all the additional costs that will add to the price of the property itself (notary (7 to 8% of the sale price for the old, 2 to 3% for the new), agency, government tax of 5% etc.).

Define project contours

Then, once the budget is set, you will have to decide on the contours of your real estate project in Mauritius. You can first decide on a rental investment. Indeed, the market for holiday rentals is growing rapidly, mainly thanks to the Internet. More and more guests prefer to rent a house by the sea, a villa in the water or apartment rather than being in a crowded hotel.

Mauritius has many advantages in this regard; dream destination, favorable climate all year round, quality of reception, modern infrastructure, kindness of Mauritians etc.

And, second type of project, become temporary resident permanent on the island. Thus, beyond all the strengths mentioned above, Mauritius also has many tax advantages for residents (temporary and permanent).

Define where you want to invest

First, Mauritius has an area of around 2000 km2. It also has 177km of coast bordered by the Indian Ocean. Arm yourself with a map! You only have to choose where to place your suitcases. Are you rather urban? Then Port Louis is made for you. Are you pretty quiet and bucolic? Tamarin or Black River are made for you!

Nevertheless, the island offers many varied landscapes (sea, mountain, lush forest...). It is up to you to choose, to decide what is best for you. There's something for every taste on this island with a thousand faces!

What project?

You're getting closer and closer to the goal. You still have to define which real estate project you want to invest in. Would you rather invest in a hotel complex? Buy an environmentally friendly villa? Eco-lodge? An apartment in a residence? A seafront villa? Duplex? Full foot? Each project is unique but needs to be considered in advance in order to facilitate the process.

What pattern?

Also, when thinking about your real estate project, you should also think about its financial and fiscal implications. The Mauritian government has put in place numerous laws concerning the real estate projects of non-Mauritians on the island. The whole is managed by theEDB (Economic Development Board Mauritius). The most widely used is the Project Development Scheme (PDS). So by buying a PDS labeled property, you become a Mauritian resident (provided you invest in a certain amount of real estate). This allows you to reside up to 183 days a year on the island.

However, if you wish to stay more than 183 days a year in your Mauritian residence, you will need to have another permit. The country has only one tax bracket on income and rental income (15%).

Importantly, property income from Mauritius received by a French resident is not taxable in France.

It is true that if you want to sell your real estate, there is no surplus value on profits in the case of resale of real estate.

Moreover, the surplus value, if realized by a French tax resident, is not taxable in France, even in the event of the repatriation of funds.

Finally, in order to complete our situation, it should also be noted that there is no property tax (IFI) in Mauritius. Above all, France and Mauritius have signed a tax agreement stipulating that the value of a real estate situated in Mauritius, the owner of which is a French resident, does not fall within the IFI's calculation base.

These are the key principles for a successful real estate project in Mauritius. Hoping to help you. I wish you a good real estate project in Mauritius, a land that promises sweet moments of happiness.