All foreign nationals who wish to settle down in Mauritius may invest in a villa to receive their Residence Permit.
Purchasing or investing in any real estate property falling under specific schemes (IRS, RES, PDS, IHS and Smart City) and exceeding €449,000 ($485,000) grants foreign nationals a Residence Permit.
Foreigners may also purchase an apartment in condominium developments of at least two levels above ground (G+2). These are usually priced starting at 150,000€ ($165,000).
Home Buyer’s Warranty
The Mauritian Government requires the mandatory use of a contract under the VEFA (Vente de Etat Futur d’Achèvement) status (also known as “Buying Off-Plan”) This implies buying a property which hasn’t been completed. Upon signing the deed of sale, the purchaser becomes the owner of the land under future completion. Funds must be transferred to an escrow account in a Mauritian bank at different stages of construction, in accordance with the tender and payment terms specified by the promoter.
Mauritian Tax Resident
Purchasing a villa in Mauritius not only grants you a Residence Permit, but also allows you to become a Mauritian Tax Resident. Villa owners benefit from the Double Taxation Agreements signed with 35 countries, allowing them to enjoy an advantageous fiscal framework:
- A 15% income tax rate
- No property or inheritance tax
- No capital gains tax if you sell your house
- No General Social Contribution (CSG), property tax nor housing tax
Applicants who request expert guidance or support from VisaMauritius shall receive a quotation after review of their application.