FAQ
Frequently Ask Questions
Yes, an expert can buy property in Mauritius through government-approved schemes like the Property Development Scheme (PDS), Integrated Resort Scheme (IRS), and Real Estate Scheme (RES). These schemes allow non-citizens to own residential properties in Mauritius and come with various benefits, including eligibility for permanent residency.
Non-citizens who purchase property under the IRS, RES, or PDS schemes are eligible for a residence permit if the property value exceeds USD 375,000. The residence permit allows the buyer, their spouse, and dependents to live in Mauritius. Permit holders also benefit from tax advantages, including no inheritance tax and a flat 15% income tax rate.
Property rights in Mauritius are registered with the Registrar General’s Department. After the sale agreement is signed, the notary public handles the registration process, ensuring that the property title is legally transferred to the buyer.
IRS (Integrated Resort Scheme): A scheme allowing foreigners to buy luxury residential units in resort-style developments with access to amenities like golf courses and spas.
RES (Real Estate Scheme): Similar to IRS, but on a smaller scale, allowing for the purchase of residential units without the requirement for large-scale development.
PDS (Property Development Scheme): Replaced IRS and RES, combining features of both, allowing for integrated developments that include social infrastructure and offer more flexibility in property ownership.
VEFA is a French term meaning “Sale in Future State of Completion.” It refers to buying property off-plan, where the buyer purchases the property before or during its construction. The developer is obligated to complete the construction according to the agreed-upon plans.
Expats who buy properties in Mauritius typically include retirees, investors, and professionals seeking a high-quality lifestyle, favorable tax conditions, and a safe environment. Many are from Europe, South Africa, and Asia.