Are you looking to live on the beautiful island of Mauritius or invest in a return on investment type of property? People from all over the world contact Seeff daily in search of the perfect real estate matching their needs.
Acquire a Property in Mauritius
Owning a property in Mauritius is made possible through different schemes put in place by the government.
Acquiring property can be a viable investment opportunity and it is advisable to consult with a local real estate agent who can provide personalised advice and guidance on acquiring property in Mauritius.
We invite you to view our portfolio of properties and developments for sale: (Click here to view our portfolio of properties for foreigners)
Let’s have a closer look at these schemes:
Ground Floor + 2 Apartments
Non-citizens are allowed to purchase apartments in developments of at least two levels above ground (G+2) with the prior approval of the Economic Development Board.
Starting Price: As from MUR 6 million and up.
Residence Permit: Any non-citizen who has acquired an apartment for a price not less than USD 375,000 will be eligible to a residence permit. It remains valid so long as the non-citizen holds the apartment.
Integrated Resort Scheme (IRS)
The Integrated Resort Scheme (IRS) is meant for the development of luxurious residential units such as villas, apartments, penthouses, townhouses and serviced lands located in projects which boast golf courses, marinas, restaurants, shops etc.
The owners may rent the property, become a tax resident in Mauritius and face no restriction on the repatriation of funds or revenue raised from the sale or rent of the property.
Starting price: minimum price of USD 375,000.
Residence Permit: any person purchasing an IRS property to the value of USD 375,000 and above, is entitled to permanent residency, as well as his (her) spouse and any dependents. The spouse and children below the age of 24 are also granted a residence permit.
Non-citizens who have a residence permit under IRS will be exempted from an Occupation or Work permit to invest and work in Mauritius.
Real Estate Scheme (RES)
The Real Estate Scheme (RES) is a smaller version of the IRS offering more affordable types of residences such as villas, apartments, penthouses and townhouses.
The owners may rent the property, become a tax resident in Mauritius and face no restriction on the repatriation of funds or revenue raised from the sale of rent of the property.
Starting price: no minimum price.
Residence Permit: any person purchasing an RES property to the value of USD 375,000 and more, is eligible to a residence permit. The spouse and children below the age of 24 are also granted a residence permit.
Non-citizens who have a residence permit under RES will be exempted from an Occupation or Work permit to invest and work in Mauritius.
Property Development Scheme (PDS)
The Property Development Scheme (PDS), which has replaced the IRS and RES, allows the development of a mix of residences for sale to non citizens.
The owners may rent the property, become a tax resident in Mauritius and face no restriction on the repatriation of funds or revenue raised from the sale of rent of the property.
Starting price: no minimum price.
Residence Permit: any person purchasing a PDS property to the value of USD 375,000 and up, is eligible to a residence permit. The spouse and children below the age of 24 are also granted a residence permit.
Non-citizens who have a residence permit under PDS will be exempted from an Occupation or Work permit to invest and work in Mauritius.
Smart City Scheme (SCS)
The Smart Cities are large-scale mixed-use developments revolving around the work, life and play concept, with smart technology and pioneering innovation at their core. Within this scheme, a non-citizen can acquire villas, apartments, penthouses, townhouses as well as serviced lands.
The owners may rent the property, become a tax resident in Mauritius and face no restriction on the repatriation of funds or revenue raised from the sale of rent of the property.
Starting price: no minimum price
Residence Permit: any person purchasing an SCS property to the value of USD 375,000 and more, is eligible to a residence permit. The spouse and children below the age of 24 are also granted a residence permit.
Non-citizens who have a residence permit under PDS will be exempted from an Occupation or Work permit to invest and work in Mauritius.
Senior Living Residence
Projects falling under the scheme PDS for Senior Living are designed for adults aged 50 years old and up who are looking for all the facilities offered to a senior citizen.
Starting price: no minimum price.
Residence Permit: The non-citizen aged above 50 years can choose to apply for a residence permit for himself/herself and his/her spouse or common law partner until such time the property is no longer owned or occupied by the retiree.
Invest Hotel Scheme
The Invest Hotel Scheme (IHS) allows a non-citizen to acquire units within a hotel and benefit from all the facilities offered.
Starting price: no minimum price.
Residence Permit: any person purchasing a unit/room under the IHS to the value of USD 375,000 and more, is eligible to a residence permit.
Source: EDB Mauritius
