Foreign Acquisition
The Investment Promotion Act and the Investment Promotion Regulations provide for the acquisition of property by foreigners under different schemes which are governed by the Economic Development Board (EDB) of Mauritius. Developed with the foreign investor/buyer in mind, these schemes are rapidly turning Mauritius into a highly sought-after real estate investment destination whether for ownership or for buy-to-let schemes.
Residency Under Property Acquisition*
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A. Ground +2 Apartments
B. Property Development Scheme (PDS)
C. Real Estate Scheme (RES)
D. Integrated Resort Scheme (IRS)
E. Smart City Scheme
F. Invest Hotel Scheme (IHS)
G: Senior Living Residence
A. Ground +2 Apartments
- Unlock a residence permit by acquiring a residential property in a 2-floor building (at least) above ground, valued at USD 375,000 or its equivalent.
- Your residence permit remains valid while you own the property under the G+2 scheme.
- Explore property ownership beyond approved schemes; foreigners can buy apartments in various developments
- Invest in condominiums starting at least two levels above ground (G+2), with apartment prices not below MUR 6 million or equivalent foreign currency.
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B. Property Development Scheme (PDS)
- Explore an exclusive opportunity for non-citizens to own luxurious properties in Mauritius effortlessly.
- Immerse yourself in high international standard residences within meticulously designed projects, complemented by premium open spaces and top-notch leisure facilities, all managed seamlessly.
- Acquire a residential property exceeding USD 375,000 and secure a residency permit for the property holder, valid for as long as they own the property.
- Extend the privilege to your spouse and children under 24, as they too can obtain a residence permit.
- Benefit from a PDS residence permit, unlocking investment and work opportunities in Mauritius without the need for an Occupation or Work permit.
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C. Real Estate Scheme (RES)
- Discover the diverse luxury residences within Mauritius through RES projects, including villas, penthouses, duplexes, and apartments nestled within exclusive, intimate residential developments.
- Foreign buyers have the opportunity to own property in established RES projects.
- Secure a residence permit for yourself and your dependents by investing a minimum of USD 375,000 in the property.
- Enjoy the freedom to rent your property, attain tax residency in Mauritius, and experience unrestricted repatriation of funds from property transactions.
- Holders of a RES residence permit can invest and work in Mauritius without needing an Occupation or Work permit.
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D. Integrated Resort Scheme
- Discover exquisite residential estates within the IRS program, offering a range of world-class amenities for leisure, wellness, and entertainment. Enjoy golf courses, marinas, beach clubs, and more, all for an exclusive resort-style living.
- Own your slice of paradise with various property options in established IRS projects: villas, townhouses, penthouses, apartments, duplexes, and serviced plots.
- Invest in a minimum USD 375,000 property to secure a residence permit for you and your dependents. Rent your property, achieve tax residency, and experience seamless fund repatriation.
- IRS residence permit holders can invest and work in Mauritius without the need for an Occupation or Work permit
E. Smart City Scheme
- Experience Smart Cities designed for work, life, and play.
- Discover vast mixed-use developments in cosmopolitan areas, infused with smart tech and pioneering ideas.
- Live in residential estates harmonizing sustainable living, innovation-driven businesses, and leisure amenities.
- Invest in various residential units within Smart Cities: townhouses, villas, apartments, penthouses, and duplexes.
- Holders of residence, occupation, or permanent permits can acquire 2,100 m² land for home construction in approved Smart City developments.
- Secure a residence permit by acquiring property for USD 375,000 or more.
F. Invest Hotel Scheme
- Elevate your investment with the Invest Hotel Scheme, granting non-citizens ownership of premium hotel units in Mauritius.
- Acquire a hotel room or unit within approved IHS hotels, enjoying exclusive access to lavishly furnished resort facilities – dining, spas, fitness centers, and resort-style pools
- Enjoy up to 45 days' personal usage per year or generate income through the leaseback model.
- Secure a residence permit by investing in a unit/room for at least USD 375,000, adding value to your ownership
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G. Senior Living Residence
- Embrace Mauritius for your retirement: Serene, harmonious, and constantly improving, with affordable living costs.
- Presenting PDS for Senior Living: Tailored homes for independent adults aged 50+, fostering a peer community. Enjoy recreation, socializing, and specialized services like clubhouses and fitness centers.
- Non-citizen retirees, above 50, can invest in approved projects with no minimum price.
- Retirees and partners can apply for residence permits while owning/occupying.
For more information on the different residency byproperty acquisition schemes, visit the Economic Development Board website: www.edbmauritius.org
*Source: Economic Development Board Mauritius, 2021, https://residency.mu/acquire/
