PROPERTY ACQUISITION

ACQUISITION OF PROPERTY IN MAURITIUS

Non-citizens of Mauritius are allowed to acquire certain types of immovable properties in Mauritius, subject to having obtained the necessary regulatory approval.

Acquisition of property for a permit holder to stay in Mauritius.

Non-citizens of Mauritius who are holders of an Occupation Permit to stay and work in Mauritius, or holders of a Retirement Permit are allowed to purchase an apartment in condominium developments of at least two levels above ground (Ground +2 stories) with the prior approval of the Economic Development Board.

The amount payable for the acquisition of the apartment must be no less than MUR 6 million (Six Million Mauritian Rupees only) or its equivalent in any other freely convertible foreign currency.

The Property Development Scheme (PDS)

The Property Development Scheme (PDS) allows for the development mix of residences and the programme is designed to facilitate the acquisition of residential property by non-citizens in Mauritius. The PDS is an integrated project with social dimensions for the benefit of the neighboring community and allows for the development and sale of high standing residential units to foreigners.

The property can consist of villas, apartments or penthouses. A non-citizen who does not hold a permit to stay and work in Mauritius may still acquire an immovable property under the PDS, subject to the approval of the Economic Development Board.

The owner of a PDS property, with an acquisition price at or above USD 500,000, may apply for a Permanent Residency Permit in Mauritius.

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