Invest in Mauritius
Known for its idyllic beaches and its welcoming population, Mauritius offers to any foreigner wishing to reside in this small paradise a safe, welcoming and pleasant environment with residential, medical, school and airport infrastructures of international level.
Real estate investment in Mauritius
In order to promote development and thus attract foreign investors, Mauritius has concluded fiscal conventions with more than thirty countries, including France and Belgium.
As a result, 'any property acquired on Mauritian territory is not included in the calculation of the tax on wealth' and the income obtained from the rental or resale of real estate in Mauritius is taxable only in Mauritius and not in the country of origin of the investor.
This small tropical paradise in the heart of the Indian Ocean boasts nearly 5% economic growth and has enjoyed unparalleled socio-political stability since its independence in 1968, making it one of the 10 most peaceful countries in the world.
Its flexible tax system offers a number of non-pecuniary advantages, including a single tax rate of 15% on personal and corporate income, no capital gains taxes, dividends and no restrictions on repatriation of profits, dividends, and capital.
The double tax treaty exemption signed by Mauritius with more than 35 countries is more than beneficial for investors wishing to invest in real estate with a lower cost for a higher return. The property investment scheme also addresses expatriates who desire to buy real estate in Mauritius or seniors who would like to afford a golden retreat under tropical weathers, with the Mauritian residency permit and its associated benefits.
Investment schemes accessible to foreigners in Mauritius
Real estate purchases by a non-Mauritian citizen can be done for an already constructed property or in VEFA (purchase on plan) under the following foreign investment devices:
• Integrated Resort Scheme (IRS)
• Real Estate Scheme (RES)
• Property Development Scheme (PDS)
• Smart City Scheme
• Apartment in a building with two or more floors, investing a minimum of 6 million MUR. (This scheme does not give the right of residence and remains subject to the validation of the property by the B.O.I)
In addition to the lower cost of construction in Mauritius (a quarter of the European cost), investing in real estate in Mauritius also offers other major advantages for the foreign investor.
Tax benefits of PDS, R.E.S and I.R.S property investment in Mauritius
In summary, investing in Mauritius allows foreign investors to benefit from a very advantageous tax framework, namely
- No property tax
- No residential tax
- No CSG (widespread social contribution) or CRDS (Contribution for the repayment of the social debt)
- No taxes on dividends
- No taxes on capital gains
- No taxes on wealth
- No taxes on inheritance
- Automatic residence permit for an investment greater than $ 500,000 (US dollars), including children up to 24 years of age.
- Profits and dividends repatriable without any restriction.
The third-party costs of the Mauritian real estate investment for a foreign citizen are
• Government fees B.O.I - 5% or US $ 25,000 (depending on investment plan and property category)
• Notary fees - 1.15%
It is also now possible for a foreigner to retire to Mauritius by becoming the owner of a property designed for foreign buyers. In addition to the variety of world embassies in Mauritius, the proximity of Reunion Island gives easy access to all the services of the French administration for expatriates who have chosen to settle in Mauritius.
The Mauritian residence permit
According to the regulations of the BOI (Board of Investment of Mauritius), the status of permanent resident permits a non-citizen to work and live in Mauritius for a period of ten years.
The residence permit is issued according to specific investment criteria, including the real estate sector.
The Permanent Residence Permit is automatic for any investment greater than $ 500 000 (US dollars), including children up to 24 years of age. This license is attached to the property acquired and is renewable every 10 years. The foreign acquirer and his family thus benefit fully from all the advantages associated with this investment scheme. For real estate purchases below this threshold, the investor purchaser benefits from the continuous residence on the island (6 months per year) with all the advantages associated with it, in particular, the possibility of electing Mauritius as Tax Residence. It is to note that this procedure is not to be taken lightly or autonomously and requires the intervention of a specialist in patrimonial law.
Unlike the real estate agent, the asset manager is a professional in the field of property and tax law who does not only advise the investor but assists him in the management of his assets, Property, and gives instructions for the use of the property. Thus, the asset manager strives to find the best balance between risk and profitability during each period of your life (acquisition, development, transmission) of your property to ensure your future and that of your loved ones in the short, medium and long-term.
Groupe Robertson Patrimoine is a wealth and property management firm with 16 years of international experience, specialising in brokerage and luxury real estate investment in Mauritius. We offer our local clients, expatriates and foreign investors a unique coverage service before, during and after their investment.
We provide our local clients, expatriates and foreign investors a complete coverage service before, during and after their investment. A unique service in Mauritius.
We manage the procedures and applications with the government of Mauritius for you, thus avoiding the complexities in order to make your investment reliable and secure while maintaining your peace of mind.
Groupe Robertson Patrimoine
16 years of international experience in Property Management
Mont Mascal, Petit Raffray - Mauritius
Phone number : (00230) 262 79 78 /58 75 00 45 / 52 51 83 74