Also managed by the Economic Development Board (EDB), there are several schemes that will allow you to purchase a property and obtain a residence permit. Our team will guide you to better understand the schemes and assist you.
- Integrated Resort Scheme (IRS)
You can acquire residential properties like villas, townhouses, penthouses, apartments, duplexes and serviced plots of land in existing IRS projects.
For a minimum amount of USD 375,000, you and your dependents are eligible for a residence permit. As the owner of the property, you may rent the property, become tax resident in Mauritius and face no restriction on the repatriation of funds or revenue raised from the sale or renting of the property.
RES projects offer different types of residences (Villas, penthouses, duplexes, apartments) located within exclusive albeit smaller residential developments.
A minimum investment of USD 375,000 to acquire the property allows you to hold a residence permit. As the owner of the property, you may rent the property, become tax resident in Mauritius and face no restriction on the repatriation of funds or revenue raised from the sale or renting of the property.
- Property Development Scheme (PDS)
Projects developed under this scheme provide outstanding luxury residential properties of high international standards together with high quality open spaces, high-class leisure and recreational facilities as well as day-to-day management services.
On acquisition of residential property for a price exceeding USD 375,000, you and your dependents will be granted a residence permit for so long you hold the residential property.
Under the smart city scheme, you may acquire a residential unit, being a townhouse, villa, apartment, penthouse, or a duplex within any of the smart cities.
Holders of residence permits, occupation permits or permanent residence permits can acquire a plot of serviced land of an extent of 2,100 m2 for the purpose of building a residence, in a residential development located in a smart city, approved by the EDB. The acquisition has to be made not later than 30 June 2022.
A residence permit is now granted to an expatriate upon acquisition of a residential property in a building of at least 2 floors above ground floor for an amount not lesser than USD 375,000. The residence permit is valid for as long as you remain the owner of the residential property under the G+2 scheme.
Under the Invest Hotel Scheme (IHS), a non-citizen investor can acquire a room (or a hotel unit) in new or existing luxury resort hotels approved under the scheme. The owner thus gets privileged access to all the facilities of the hotel like F&B, fully serviced spas, fitness centres and resort-style pools.
Interestingly, IHS properties are sold on a leaseback model, enabling unit holders to generate a return on their investment. Nevertheless, the unit owner or any person on his behalf may still use that unit for a total of 45 days in any period of 12 months.
If the unit/room is acquired for a minimum amount of USD 375,000, the owner would be eligible for a residence permit.
