Mauritius
An Indian Ocean island nation, attracts substantial foreign investment due to its consistent economic growth and reputation as one of Africa's most business-friendly countries. In addition to offering lifestyle benefits, the country provides advantages for Southern African Development Community citizens.
Country information
Population: 1.261 mill hab Aprox.
Capital: Port Louis.
Official Language: Mauritian Creole.
Income percapita: $30.230 USD
Real Estate Holding Period: Required to maintain and renew the residence permit.
Minimum Investment: USD 375,000.
Ownership Options: Sole, company, or trust ownership.
Rental Yield: Approximately 3%.
Mauritius Real Estate Market:
Mauritius’s real estate market is booming, fueled by growing foreign demand. This surge, coupled with the island's thriving tourism sector, has fostered a strong luxury rental market, particularly in northern and western regions. The real estate sector is considered a crucial pillar of the Mauritian economy, supported by low interest rates and a steadily expanding mortgage market.
Why Invest in Mauritius Real Estate?
Mauritius offers a wealth of advantages:
Lifestyle and Climate: A desirable time zone, idyllic weather, and a safe, high-quality lifestyle.
Tax Incentives: No capital gains or inheritance tax, and double taxation agreements with over 40 countries, including South Africa.
Permanent Residence: Real estate investments through the Mauritius Residence by Investment Program offer a pathway to residency.
Modern Amenities: Access to international schools, quality private healthcare, and robust infrastructure.
Secure Investments: Reliable legal frameworks ensure investment protection, with transactions managed via notaries or escrow accounts.
Regulations for Foreign Property Buyers:
Foreign nationals may purchase property in Mauritius exclusively under Economic Development Board-approved schemes, such as:
Integrated Resort Scheme (IRS)
Real Estate Property Scheme (RES)
Property Development Scheme (PDS)
Smart City Scheme (SCS)
Ground +2 Apartments: Minimum investment of approximately USD 147,000.
Property Acquisition Process
Sign Reservation Contract: Initiate the process with a reservation agreement.
Prepare Documentation: Gather and submit all required paperwork.
Deposit Payment: Transfer a deposit to a secure escrow account.
Application Submission: Apply for permission to acquire property.
Finalization: Complete the transaction by signing the deed of sale.
Additional Considerations:
Bank Account: While not mandatory, opening a local bank account is recommended for easier fund transfers. Payments can also be made directly to the notary.
Transaction Fees: Include a 5% registration duty fee, notary fees, and a USD 500 application fee for approval from the Economic Development Board.
Rental Yields: Fully operational properties can yield approximately 4%, particularly for apartments, townhouses, or duplexes.
Rental Income Tax: A 15% individual income tax rate applies.
Other Taxes: Mauritius does not impose land or property taxes; only monthly syndic or levy fees are applicable.
Investing in Mauritius real estate offers a lucrative opportunity with lifestyle, tax, and economic benefits, complemented by a streamlined legal process to ensure secure ownership.
Frequently Asked Questions
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