Your real estate investment in Mauritius is facilitated by the Real Estate Scheme (RES). Since 2007, this legal framework is accessible to foreigners wishing to establish their tax residence in Mauritius.
The Real Estate Scheme is the least framed Mauritian investment scheme. No minimum purchase threshold is set, meaning you can invest in a RES property for less than $ 500’000 USD (386 390£), unlike the IRS.
All real estate projects developed since 2016 obey to a new designation, PDS, Property Development Scheme. With no minimum investment or acreage, the PDS is subject to the same regulation as the IRS and RES regarding residence permits.
Real estate complexes that meet the RES legal framework must have a minimum surface area of 43’055 sq ft and a maximum of 25 acres. Regarding the registration fee, the RES requests the same guarantees as the IRS: the fee is 5% of the purchase value (government tax).
The purchase of a house or apartment through RES in Mauritius for less than $ 500’000 USD (386 390£) will make you eligible for an up to 6 months temporary residence permit. For any purchase over $ 500’000, the RES gives you access to the same benefits as the IRS, namely :
– A permanent Mauritian residence permit for the owner of the property and his/her family (spouse and children)
– An annual renewable Mauritian residence permit for the cohabiting partner (not married)
– Possibility of establishing tax residence in Mauritius subject to living on site 183 days a year or 270 days over two years.
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