• NON-RESIDENT
    Investir dans des projets immobiliers de luxe, sur mesure.

Frequently Asked Questions

The Property Development Scheme (PDS), which has replaced the IRS and RES, allows the development of a mix of residences for sale to non-citizens, citizens and members of the Mauritian Diaspora.

The PDS provides the following:

  1. the development of luxurious residential units on freehold land of an extent of at least 0.4220 hectare (1 arpent) but not exceeding 21.105 hectares (50 arpents).
  2. the development of at least six (6) residential properties of high standing;
  3. high quality public spaces that helps promote social interaction and a sense of community;
  4. high-class leisure, commercial amenities and facilities intended to enhance the residential units;
  5. day-to-day management services to residents including security, maintenance, gardening, solid waste disposal and household services; and
  6. social contribution in terms of social amenities, community development and other facilities for the benefit of the community.

Starting price: no minimum price

Residence Permit: any person purchasing a PDS property to the value of 500,000 USD, is entitled to a residence permit

The PDS is also a demarcation from the IRS and RES in as much as it does not differentiate between small and big landowners and harmonizes the registration duty to a single rate of 5% instead of USD 70,000 on registration of a deed under IRS and USD 25,000 under RES.

a. a natural person, whether a citizen of Mauritius, a non-citizen or a member of the Mauritian Diaspora;
b. a company incorporated or registered under the Companies Act;
c. a société, where its deed of formation is deposited with the Registrar of Companies;
d. a limited partnership under the Limited Partnerships Act;
e. a trust, where the trusteeship services are provided by a qualified trustee; or
f. Foundation under the Foundations Act. 7

Note: A qualified global business as defined under the Financial Services Act 2007 holding a Global Business License may acquire property under the PDS scheme.

The Integrated Resort Scheme (IRS) is meant for the development of luxurious residential units on freehold land of more than 10 hectares. These units are located in projects, which boast one of the following: golf courses, marinas, restaurants, shops etc.

Starting price: minimum price of 500,000 USD

Residence Permit: any person purchasing an IRS property is automatically entitled to permanent residency, as well as his (her) spouse and any dependents.

a. a non-citizen of Mauritius
b. a citizen of Mauritius
c. a company registered as a foreign company under the Companies Act 2001
d. a company incorporated under the Companies Act 2001
e. a society, where its deed of formation is deposited with the Registrar of Companies
f. a trust, where the trusteeship services are provided by a qualified trustee licenced by the Financial Services Commission

The Real Estate Scheme (RES) is a smaller version of the IRS. Its was created to allow small landowners to develop any mix of residences for sale mainly to non-citizens on freehold land of an extent of at least 1 arpent but not exceeding 10 hectares.

Starting price: no minimum price

Residence Permit: any person purchasing an RES property to the value of 500,000 USD, is entitled to a residence permit

a. a non-citizen of Mauritius
b. a citizen of Mauritius
c. a company registered as a foreign company under the Companies Act 2001
d. a company incorporated under the Companies Act 2001
e. a society, where its deed of formation is deposited with the Registrar of Companies
f. a trust, where the trusteeship services are provided by a qualified trustee licenced by the Financial Services Commission

Note: A company holding a Category 1 Global Business Licence as defined under the Financial Services Act 2007 may acquire a residential property under the RES scheme

The Smart City Scheme (SCS) is an ambitious economic development programme to consolidate Mauritius into a full-fledged international business and financial hub with ideal conditions for working, living and spurring investment through the development of Smart Cities across the island. These Smart Cities have to be developed using the latest advancements in urban planning and digitalized technologies.

Starting price: no minimum price

Residence Permit: any person purchasing an SCS property to the value of 500,000 USD, is entitled to a residence permit

a. citizen of Mauritius
b. a non-citizen
c. a member of the Mauritian Diaspora
d. a company incorporated or registered under the Companies Act e
e. a société, where its deed of formation is deposited with the registrar of companies
f. a limited partnership under the Limited Partnerships Act
g. a trust, where the trusteeship services are provided by a qualified trustee
h. a Foundation.

The Invest-Hotel Scheme (IHS) allows hotel developers to finance the development of a hotel project by allowing them to sell villas, suites, rooms or other components that form part of the hotel to individual buyers.

Starting price: no minimum price for the acquisition of a room, suite or other part of the hotel / minimum investment of 500,000 USD for a stand alone villa

a. a citizen of Mauritius
b. a non-citizen
c. a company incorporated in Mauritius
d. a société (partnership) registered with the Registrar of Companies
e.  a trust managed by a trustee licensed by the Financial Services Commission

Note: A qualified global business as defined under the Financial Services Act 2007 holding a Global Business License cannot acquire property under the PDS scheme.

The Permanent Residence Permit allows a non-citizen to work and live in Mauritius for a period of ten years.

The following categories are eligible for the Permanent Residence Permit:

  • A person who has bought a property of at least 500,000 USD and more under the RES, IRS, PDS and SCS schemes.
  • An investor who holds a valid Occupation Permit and where the annual turnover of his company has exceeded MUR 15 million for three consecutive years.
  • An investor who invests at least 500,000 US dollars in a qualifying business activity as per list below:
    Agro-based industry, Audio-visual, Cinema and Communication, Banking, Construction, Education, Environment-friendly and green energy products, Financial Services, Fisheries and Marine Resources, Freeport, Information Technology, Infrastructure, Insurance, Leisure, Manufacturing, Marina development, Tourism and Warehousing, Initial Public Offerings.
  • A self-employed who holds an Occupation Permit and where the annual income exceeded MUR 3 million for three consecutive years.
  • A professional having a valid Occupation or a Work Permit and whose monthly basic salary exceeded MUR 150,000 for three consecutive years immediately preceding the application.
  • A retired non-citizen who has held a Residence Permit for three years and has transferred 40,000 US dollars annually to his account in a local bank during each of these three years.

The Occupation Permit (OP), which is a combined work and residence permit, allows non-nationals to reside and work in Mauritius. Non-citizens, above the age of 50 years, may also choose to retire in Mauritius under a Residence Permit (RP).

A non-citizen can apply for an OP/RP under any of the following 4 categories:

  • Investor: The business activity should generate a turnover exceeding MRU 4 million annually with an initial investment of USD100,000
  • Professional: Basic salary should exceed MRU 45,000 monthly. However, the basic salary for professionals in the ICT Sector should exceed MRU 30, 000 monthly
  • Self-Employed: Income from the business activity should exceed MRU 600,000 annually with an initial investment of USD 35,000
  • Retired: The non-citizen must undertake to transfer to his/her local bank account in Mauritius, at least USD 40,000 US annually

The Occupation Permit/ Residence Permit is granted for a maximum period of three years, renewable thereafter subject to established criteria.

To further open the economy, the Non-citizens (Property Restriction) Act has been amended to allow non- citizens, registered with the BOI, to acquire apartments and property for business purposes.

Acquiring a property for business purposes
Non-citizens can acquire or lease immovable property for business purposes.
The Non-Citizens (Property Restriction) Act regulates foreign ownership of land and buildings. It applies to everyone who is not a citizen of Mauritius.
A non-citizen, with an authorization from the Board of Investment, can acquire or lease an immovable property for business purposes.
The immovable property can be acquired by a company, trust or partnership or by the non-citizen’s own name.
Authorizations are granted where the business activity is for:
(a) the development of high activity commercial use building including, but not limited to, shopping mall, office building or warehouse, for own use, sale, rental or lease;
(b) the development of residential properties developed under the Property Development Scheme; and
(c) any other activity carried out for reward, gain or profit but excluding the acquisition for resale or lease or rental of any bare land or serviced land.

Work & Live
The Non-Citizens (Property Restriction) Act has been amended on 20 December 2016 to allow foreigners to purchase apartments in condominium developments of at least two levels above ground (G+2) with the prior approval of the Board of Investment. The amount payable for the acquisition of an apartment must not be less than Rs 6 million or its equivalent in any other freely convertible foreign currency.
Any non-citizen, with or without an occupation permit, residence permit, permanent residence permit, may acquire apartments.
Thus, non-citizens are not restricted from acquiring:

  1. a residential unit developed under the IRS, RES and PDS
  2. a residential unit developed in a smart city
  3. an apartment located in a building of at least two floors above ground floor

Dependents of Occupation/ Residence Permit holders, namely spouse, children up to the age of 24 and common-law partner, are also eligible to apply for a residence permit in Mauritius.

Situated in the ‘golden triangle’ connecting Asia, Africa and Australia, Mauritius is the converging point of global civilizations – a place where one can feel the cosmopolitan pulse of the world.

  • Impressive track record, political stability and more than 3 decades of sustained economic growth
  • Secure investment location with established rule of law
  • Freest and most business-friendly country in Africa
  • Peaceful, multiethnic with a unique lifestyle in a blend of cultures
  • Flexible, bilingual (English/French) and skilled workforce
  • Investment-friendly regulatory regime
  • Open to foreign investors and talents
  • Ocean State with one of the largest Exclusive Economic Zones in the world
  • Preferential market access to Africa, Europe and the USA
  • State-of-the-art infrastructure
  • Convenient time zone (GMT +4)
  • A safe and enjoyable place to work and live

  • GDP per capita: approx. USD 9,300 (2013)
  • Sovereign rating by Moody’s: BAA1 (2013)
  • Population: approx. 1.3 million
  • Political System: Democracy with free and fair elections held every 5 years
  • Official Language: English
  • Legal System: dual system (Common & Civil Law)
  • GDP Growth: 3.2% (2013 est)
  • Unemployment: 8.3% (2013 est)
  • Inflation: 3.6% (2013 est)
  • Repo Rate: 4.65% (as at date)

Mauritius offers a low tax jurisdiction with an investor-friendly environment to encourage both local and foreign companies to set up a business.

The Fiscal regime includes:

  • Harmonised corporate and income taxes at 15%
  • No capital gains tax
  • No withholding tax on interest and dividends
  • Exemption from customs duty on equipment
  • Free repatriation of profits, dividends and capital

The Mauritius Revenue Authority is the agency responsible for collecting corporate tax, income tax and VAT in Mauritius. The fiscal year runs from 1st January to 31st December. Payment should be done either at the Mauritius Revenue Authority counters, via electronic payment or by sending a cheque drawn to the MRA by post.

The tax rate is as follows:

  • Corporate tax: 15%
  • Income tax (personal tax): 15%
  • Value-Added Tax (VAT): 15%
  • Corporate Social Responsibility (CSR tax): 2% on book profits
  • Land Transfer tax: 5%

Mauritius offers an exceptionally safe, hospitable and pleasant environment for people who plan to work, live or retire on the island. Mauritius is recognized as one of the safest countries in the world where the rule of law prevails.

On the health front, Mauritius is disease and epidemic-free. Mauritius offers excellent private clinics and laboratories.

The education sector boasts several schools of international standard, both public and private, delivering the Cambridge University ‘A’ levels, the French Baccalaureate and the International Baccalaureate. Several tertiary education providers can also be found, offering internationally recognized degrees and post-degree qualifications.

Mauritius has a sound banking and financial services sector which comprises major international and local players in banking, insurance, asset and wealth management sectors etc.

There are ample accommodation facilities, from fully-serviced apartments to luxurious villas and beach-front residences.

Elite Mortgage Solutions Ltd combine more than 20 years of experience in the banking and financial services sector, with local and international institutions.

The objective of Elite Mortgage Solutions Ltd is to deliver ethical and professional services to property buyers and to share its expertise of the local mortgage practices with its customers and guide them through the loan process.

Benefits:

  • Expert advice
  • Time saving
  • Hassle free
  • Loan offer available in various currencies (MUR, USD, EURO, GBP, AUD, CHF)

Contact:

Emma Ah Nien
Office: +230 424 26 76 Mobile: + 230 59 41 02 03
Email: emma@elitemortgage.mu

AI Broker was created in 2004 and is an insurance broker who acts as an intermediary between clients and insurance companies. The company works of behalf of its clients. It uses its knowledge of the insurance market to find the most suitable policies for individual or corporate clients.

Benefits:

  • The work is done for the client; professional advice, negotiate appropriate insurance cover & premium and make sure that the client is well covered
  • Not more expensive
  • AI Broker is familiar with insurance companies, plans and policies
  • Best resource to get clients’ claims paid

Contact:

Laurent Tyack
Office: +230 243 7333 Mobile: + 230 5727 8770
Email: laurent@aibroker.mu

Established 49 years ago, Seeff South Africa has grown from a small family business to having close on 200 branches in South Africa alone, and has positioned itself as one of the leading, most professional residential property companies in Southern Africa. Seeff is proudly being represented in Mauritius since 2005 and the company has grown from strength to strength, to become one of the leading real estate agency on the island. Seeff Mauritius has 2 branches on the island, namely in Grand Baie and Black River and it has established a formidable presence countrywide dealing with Residential Property Sales and Rentals, Foreign Ownership, Property Development Projects and Commercial Properties.

Since its opening, Seeff Mauritius has been offering friendly, professional and attentive service to their clients and always strive to do its best to satisfy each and every demand.

Being recognised as one of the biggest and most professional Real Estate agency in Mauritius.

  • Being awarded numerous developments to market and sell out on the island such as Mont Piton, Royal Park, Azuri etc.
  • Years of hands-on informed and in depth knowledge of the property market in Mauritius.
  • A constantly revolving “stock” of the best properties in Mauritius in every price range.
  • Trained property negotiators.
  • A proud track record of successful project sell outs since 2005.
  • Always holding on to the core values that is Seeff; values like integrity, commitment, ethic and professional pride.

Seeff Mauritius believes that it is crucial as a professional Real Estate company to align themselves with other professional developers so that together an inevitable sell out is guaranteed.

In Mauritius Agency fees are traditionally payable by BOTH parties (Owner/Landlord and Buyer/Tenant).

Commission on sales 2% of purchase price + VAT on seller’s side & 2% of purchase price + VAT on buyer’s side
Commission on rent (less than 12 months) 10% on the total rental amount + VAT on landlord’s side & 10% on the total rental amount + VAT on tenant’s side
Commission on rent (standard contract) One month rental + VAT on landlord’s side & One month rental + VAT on tenant’s side