Foreign Acquisition



• Impressive track record, political stability and sustained economic growth
• Secure investment location with established rule of law
• Freest and most business-friendly country in Africa
• Peaceful, multiethnic with a unique lifestyle in a blend of cultures
• Flexible, bilingual (English/French) and skilled workforce
• Investment-friendly regulatory regime
• Open to foreign investors and talents
• Ocean State with one of the largest Exclusive Economic Zones in the world
• Preferential market access to Africa, Europe and the USA
• State-of-the-art infrastructure
• Convenient time zone (GMT +4)

The Fiscal regime includes:
• Corporate tax:15%
• Income tax (personal tax): 15%
• Value-Added Tax (VAT): 15%
• Corporate Social Responsibility (CSR tax): 2% on book profits
• Land Transfer tax: 5%
• No capital gains tax
• No inheritance tax on property
• No withholding tax on interest and dividends
• Exemption from customs duty on equipment
• Free repatriation of profits, dividends and capital

Foreigners are allowed to buy property in Mauritius within very specific schemes or after fulfilling specific requirements. Please below for more details :

  • Residential property

    • PDS Property (2015)

      The Property Development Scheme (PDS) has replaced since August 2015 the IRS and RES schemes.
      The programme is designed to facilitate the acquisition of residential property by non-citizens in Mauritius. The PDS is basically an integrated project with social dimensions for the benefit of the neighbouring community and allows for the development and sale of high standing residential units mainly to foreigners.
      At least 25% of the residential properties developed under PDS must be sold to Mauritians and member of the Mauritian Diaspora (Mauritian living abroad).

      The Property Development Scheme provides for the following:
      1. development of a minimum of 6 luxurious residential units on freehold land of an extent of at least 0.4220 hectare (1 arpent) but not exceeding 21.105 hectares (50 arpents).
      2. high quality public spaces that helps promote social interaction and a
      sense of community
      3. high-class leisure, commercial amenities and facilities intended to
      enhance the residential units.
      4. day-to-day management services to residents including security,
      maintenance, gardening, solid waste disposal and household services.
      5. social contribution in terms of social amenities, community
      development and other facilities for the benefit of the community.
      Eligibility for acquisition of residential property :
      The following persons may acquire a residential property from a PDS Company:
      (a) a natural person, whether a citizen of Mauritius, a non-citizen or
      a member of the Mauritian Diaspora;
      (b) a company incorporated or registered under the Companies Act;
      (c) a société, where its deed of formation is deposited with the
      Registrar of Companies;
      (d) a limited partnership under the Limited Partnerships Act;
      (e) a trust, where the trusteeship services are provided by a qualified
      trustee; or
      (f) Foundation under the Foundations Act.
      Note: A qualified global business as defined under the Financial Services Act 2007 holding a Global Business Licence may acquire property under the PDS scheme.

      The residential properties may be a mix of:
      • Luxury villa with attending services and amenities
      • Luxury apartment with attending services and amenities
      • Penthouse with attending services and amenities
      • Other similar properties used, or available for use, as residence with
      attending services or amenities
      Extent of residential property
      The extent of land in respect of each residential property, other than for an apartment or a penthouse, is developed on land not exceeding 2,100 square metres excluding common areas.

    • IRS property

      buy an IRS property

      Integrated Resort Scheme (IRS) properties can be found within large resorts (golf estate, marina,…) mostly on coastal regions (North, West , South and East coasts) and offer a variety of luxury and high-end freehold property types : apartments, duplexes or individual villas, sold at not less than US$ 500,000 by law. They offer luxury facilities to the residents. These may include a golf course, a marina, nautical and other sport facilities, shops, restaurants, wellness centers and other “à la carte” services. As the owner of an IRS, you will receive residence permit for as long as you remain owner of the property, as well as your spouse and your dependants (up to the age of 24 years old). The residence permit once obtained does not give the right to then buy a property in Mauritius, but you have the right to buy other IRS or RES properties.

      You may rent out your property once acquired.

      Visit : Please visit our projects open to foreign acquisition to discover the IRS projects and other projects open to foreign acquisition and which might match your criteria :

    • RES property

      buy a RES property

      Real Estate Scheme (RES) properties are usually smaller residential developments (they can only be built on land areas ranging between 4,220 and 100,000 m2), which can be sold at no minimum price. The acquisition of a RES property will not entitle you to a residence permit, unless you purchase a RES property worth at least US$ 500,000. You will find a variety of property types within this scheme (individual villas, duplexes, apartments…) in various regions (coastal regions and also inland).

      RES properties are mainly targeted at investors, professionals or retirees who have chosen Mauritius to live, work, invest or enjoy as a holiday retreat.

      Please visit our projects open to foreign acquisition to discover the RES projects available and which might match your criteria :

    • Apartments

      Buy an apartment in a Ground + 2 complex

      UPDATE 20 DECEMBER 2016
      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 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.
      The previous legislation for the acquisition of apartments outside of the IRS, RES and PDS schemes only allowed non-citizens holders of an occupational permit to buy ONE apartment, in a Ground + 2 building, and for his own use, not for rental.
      The new amendment allows non citizens with or without Occupational Permit in hand to acquire more than one unit and allows for the renting out of the apartments for rental return.

      Thus, non-citizens can now acquire residential properties as follows ::

      - a residential unit developed under the IRS, RES and PDS (granting a Permanent Residence Permit if the property bought is over US$ 500,000)
      - a residential unit developed in a smart city (also granting a Permanent Residence for any purchase above US$ 500,000)
      - an apartment located in a building of at least two floors above ground floor, above Rs 6,000,000 (does however NOT grant the buyer with a Permanent Residence).

  • IHS

    • Hotel room

      buy a IHS property

      The Invest-Hotel Scheme (IHS) allows hotel developers to finance the development of a hotel project by allowing them to sell villas, suites, rooms or other components that form part of the hotel to individual buyers including non-citizens. The unit is to be leased back to the seller and may be used and occupied by the unit owner or any person on his behalf for a total of not more than 45 days in any period of 12 months. The amount of investment in the acquisition of a stand alone villa should not to be less than US$500,000 (excluding taxes) or its equivalent in any freely convertible currency. For units other than stand alone villa, no minimum investment is required to acquire such units.

      Please visit our page IHS to discover the IHS projects available

  • Commercial property

    • A Guesthouse


      Investment in an existing guesthouse/tourist residence by a non‐citizen may be authorized on a case‐to‐case basis only if the existing establishment is upgraded and the new project proposal meets the policy objectives of the Ministry of Tourism & Leisure and complies with very specific requisites:

      • the existing guesthouse/tourist residence must consist of at least 12 rooms ;
      • the new project proposal must be of a high architectural design depicting the local and tropical cachet ;
      • the minimum level of investment must be Rs 500,000 per room ;
      • the potential investor must have the required expertise and experience in the management and marketing of a tourist residence/guest house or appoint a management company that has the required experience and expertise in the tourism and hospitality industry ;
      • the project proposal must upgrade the existing tourist residence/guest‐house by major refurbishment/renovation with special emphasis laid on quality ;
      • Provision must also be made for the adoption of energy‐saving devices and eco‐ friendly practices such as recycling plants, rain water harvesting, renewable energy supply (solar energy and photovoltaic cells) and other similar facilities.
    • Commercial or Business Developments

      A non-citizen investor must submit an application for the acquisition of immovable property or part of a building for business purposes, or for the lease of immovable property or part of a building for a period exceeding 20 years for business purposes.
      Business purpose means the acquisition or holding of property by non-citizens for:-

      1. the development of high activity commercial use building including, but not limited to, shopping mall, office building or warehouse, for own use, sale, rental or lease;
      2. the development of residential properties developed under the Property Development Scheme (PDS); and
      3. any other activity carried out for reward, gain or profit but excluding the acquisition for resale or lease or rental of any bare land or serviced land.

      Please use our quick property search to choose a suitable commercial property for your needs or to invest in.

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