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My Immo Mauritius, real estate agent and professional in Mauritius guides you for your real estate project in Mauritius.
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Investing in property in Mauritius
Many foreigners are looking to invest in property in Mauritius.
Property investment by foreigners is governed by the Non-Citizen Act Property Restriction.
Applications for authorisation to invest in a house in Mauritius, to buy a flat in Mauritius or to retire in Mauritius must be submitted to the EDB - Economic Development Board.
Approval is then granted by the Prime Minister's Office (PMO).
The Property Development Scheme (PDS) is one of the approved schemes designed to promote the development and subsequent purchase of luxury properties by non-citizens in Mauritius.
Projects developed under this scheme are exceptional luxury residential properties designed to international standards with open spaces, high-end leisure facilities and day-to-day management services.
When acquiring a residential property at a price in excess of USD 375,000, a non-citizen is eligible for a residence permit attached to the residential property. Spouses and children under the age of 24 are also eligible for residence permits.
Non-citizens holding a residence permit under the PDS are exempted from the requirement to hold an Occupation or Work Permit to invest and work in Mauritius.
Foreigners are allowed to buy flats in housing estates that are not part of approved residential schemes.
The flats must be located in condominiums with at least two levels above the ground floor (R + 2) and the purchase price of the flat should not be less than MUR 6 million or its equivalent in a freely convertible foreign currency.
Source : www.edbmauritius.org
https://residency.mu/fr/acquir...
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