Mauritius is most well known for being a luxury tourist destination, but the property sector has also enjoyed unprecedented growth in recent years. Real estate in Mauritius has seen sustained growth with a broad range of properties available to buy from 150,000 to several million euros.
This growth has been assisted by successive governments support for foreign property buyers and overseas investment offering significant tax incentives. Government assistance coupled with Mauritius’ geographic location and its political and economic stability makes it an ideal place to conduct business with territories in Africa, the Middle East and Asia.
Investors face no restriction on the repatriation of funds or revenue raised from the sale or renting of the property. Mauritius has no capital gains tax, dividends or inheritance tax and a universal tax rate of 15%.
Recent changes in legislation have allowed foreigners to have more flexibility into purchasing Mauritian Real Estate and so apartments can be purchased at from MUR 6 million as well as the more luxurious villas in the PDS schemes.
Mauritius Real Estate Regulations
There are regulations dictating the purchase of property by foreign investors and ‘non-citizens’. Overseas investors can only buy in certain schemes and need authorisation from the Economic Development Board (EDB). We at TBI can guide you through this process and provide any legal assistance you require to facilitate the purchase of the property. And as part of the process, we can also assist with the application for a Mauritian residence permit which is granted automatically for property purchases of over $500,000 within certain developments.
TMI Mauritius Real Estate Services
We work with all of the most prestigious and reliable real estate agents, providing a trusted partner throughout the process, managing and overseeing where necessary whatever investment you are making, whether commercial or residential property when you are here or elsewhere. We can assist with land acquisition and development, long and short-term leasing, landlord and tenant advice, regulatory matters and procedures, licensing and funding. We can also assist with purchasing the property through a company or trust, relocation services and any other requirements you have whilst making an investment.
Please get in touch to find out more.