Investing in Real Estate in Mauritius

Tax and Residence Advantages

Mauritius, with its dreamy landscapes and proximity to nature, offers a unique opportunity for individuals seeking an island lifestyle. Whether you’re drawn to the commercial and educational facilities in the North and West or the authentic, nature-centric lifestyle in the South and East, investing in real estate in Mauritius presents a gateway to a life of tranquillity and luxury.

In Mauritius, private property transactions between individuals are rare. Online platforms for real estate listings exclusively feature agency listings, making collaboration with an agency essential. From property discovery to contract signing and beyond, agencies play a pivotal role in ensuring a seamless transition during your relocation to Mauritius.

Embarking on real estate investment in Mauritius comes with a plethora of advantages. Investors enjoy exemptions from property taxes, inheritance taxes, and succession duties based on heirs’ tax residence. The property is excluded from the French IFI tax calculation, and there are no capital gains taxes. Rental income is taxed on a scale from 0 to 20%, with a potential rental yield of up to 8%. Repatriating funds from property resale or rental income is unrestricted.

To promote foreign investment, the Mauritian government has implemented programs regulating property acquisitions. With an investment of at least $375,000, investors secure a residence permit for their entire family, allowing them to work. Mauritius also offers a double taxation avoidance agreement with over 40 countries, including France, the United Kingdom, Germany, Russia, and South Africa.

For those over 50, a residence permit is granted upon acquiring property in a PDS senior housing project with a purchase price exceeding $200,000. Foreigners holding residence or work permits can acquire one residential property outside a planned program, with specific criteria and additional fees.

Who Can Invest in Property in Mauritius?
Foreign nationals, companies under the Companies Act 2001, Real Estate Investment Companies, Limited Partnerships, and Trusts have access to defined programs for property investment in Mauritius.

Overview of Property Developments in Mauritius
Foreign nationals, companies under the Companies Act 2001, Real Estate Investment Companies, Limited Partnerships, and Trusts have access to defined programs for property investment in Mauritius.

• RS Developments (Integrated Resort Scheme): Upmarket developments with a minimum investment of $500,000, offering amenities like golf courses, marinas, and wellness centers.
• RES Developments (Real Estate Scheme): High-end residential developments with no minimum investment.
• RES Developments (Real Estate Scheme): Luxury residential developments on freehold land, providing caretaking, maintenance, and security services, along with high-quality commercial and leisure facilities.
• Smart City Schemes: Areas designed for “living, working, and playing,” allowing foreigners to buy villas, duplexes, flats, and offices.
• R+2 Scheme: Investments in residences of at least two stories, located outside residential complexes, for a minimum of 6 million rupees (around $133,000).
• Invest Hotel Scheme (IHS): Allows the acquisition of a hotel unit or room in an approved hotel, with a maximum residence of 45 days in any 12-month period.

Purchasing a Property in Mauritius: Step-by-Step Guide
Investing in a property in Mauritius involves several steps, including signing a reservation contract, obtaining approval from the Economic Development Board (EDB), making a deposit payment, drafting the notarial deed, final signing, receiving keys, and ensuring completion guarantees.

Renting a Property in Mauritius
Direct property rentals between individuals are uncommon in Mauritius. Most transactions are facilitated through real estate agencies. Rental agreements are typically signed for a year with a tacit renewal option, requiring a deposit equal to one or two months’ rent. Rental prices vary based on location, proximity to the sea, and property quality.

Considering the numerous benefits Mauritius offers in terms of property acquisition and rentals, it’s no surprise that this sun-soaked haven stands among the world’s top destinations for expatriates seeking an island lifestyle. Invest wisely, and let Mauritius be your gateway to a life of luxury and tranquillity.

For more information on investment schemes feel free to contact our team or download our e-book.