Real-Estate Services

There are no restrictions for non-citizens who wish to acquire property in a residential unit developed under the IRS, RES and PDS.

 

Furthermore, 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 (approx. USD 170,000) 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.

 

At Imara Trust we have an in-depth knowledge of and expertise in the existing real-estate schemes and market and for the past 8 years we have been advising and assisting several of our clients in purchasing property in Mauritius.

 

Our Real-Estate Services include:

  1. Professional guidance on investment in Mauritius through the Integrated Resort Scheme (IRS), Real Estate Scheme (RES) and Property Development Schemes (PDS)
  2. Structuring of real-estate purchases
  3. Provision of power-of-attorney
  4. Handling applications for residency under the relevant schemes
  5. Facilitation Services
  6. Management of rental income
  7. Accounting Services
  8. Personal tax computation and filing
  9. Business introduction and provision of guidance on trade and finance opportunities

 

 

Integrated Resort Scheme (IRS)

 

The Integrated Resort Scheme is aimed at the high-end international property market. These luxurious developments on sprawling estates with a minimum price tag of 500,000 US Dollars are meant to attract high-net worth individuals and investors to Mauritius. The villas are complete with leisure facilities and amenities on hand to suit every taste, from golf villas to beach resorts. The IRS market is booming and offers developers an extensive business opportunity while providing a rewarding occasion to the discerning investor. For the international buyer there is the additional perk of becoming a Mauritian Resident upon purchase of an IRS property.

 

Key Features of IRS:

  1. 500,000 US Dollar minimum price per property
  2. Development must take place on a minimum of 10 hectares of land
  3. High-end luxury properties
  4. High class leisure and recreational facilities, including golf and spa
  5. Mauritian Residency acquired upon IRS purchase
  6. Comprehensive development opportunity

 

 

Real-Estate Scheme (RES)

 

The Real Estate Scheme (RES) has smaller scale developments in mind. RES can be constructed on smaller parcels of land and have no price tag minimum like the IRS projects. In this way the RES may appeal to property owners, real-estate developers and investors interested in a lucrative opportunity and non-citizens eager for the chance to own property in Mauritius.

 

Key Features of RES:

  1. No minimum price tags for sale to non-citizen
  2. Development must take place on less than 10 hectares of land
  3. Mix of residences
  4. Commercial facilities and leisure amenities on-site
  5. Less restrictive than IRS
© 2016 Imara Trust Company (Mauritius) Limited. All rights reserved - Web Design