Mauritius RES

21/11/2022

Obtain a resident allowed in Mauritius thanks to RES

Your real estate investment in Mauritius is facilitated by the Real Estate Scheme (RES). Since 2007, this legal framework is accessible to foreigners wishing to establish their tax residence in Mauritius.

What difference between RES, IRS and PDS?

The Real Estate Scheme is the least framed Mauritius investment scheme. No minimum purchase threeshold is set, meeting you can invest in a RES property for less than $ USD 500000 (386,390)£), unlike the IRS.

All real estate projects developed since 2016 obey to a new design, PDSProperty Development Scheme. With no minimum investment or acreage, the PDS is subject to the same regulation as the IRS and RES looking residence permits.

RES specific conditions

Real estate complex that meets the RES legal framework must have a minimum surface area of 430,055 sq ft and a maximum of 25 acres. Looking at the registration fee, the RES requests the same guarantee as the IRS: the fee is 5% of the purchase value (government tax).

Establishment residence in Mauritius through RES

The purchase of a house or apartment through RES in Mauritius for less than $ USD 500000 (386,390)£) will make you eligible for an up to 6 months temporary residence permit. For any purchase over $ 500,000, the RES gives you access to the same benefits as the IRS, namely :

– A permanent Mauritius residence permit for the owner of the property and his/her family (spouse and children)
– An annual renewable Mauritius residence permit for the cohabiting partner (not married)
– Possibility of establishing tax residence in Mauritius subject to living on site 183 days a year or 270 days over two years.

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