Investing in real estate is one of the safest investments to build up a sustainable heritage to pass on to future generations. It is even better if the investment is made in a country that provides tax benefits to the investor.
Mauritius, a country ranked among the top 10 in the world in terms of peace and economic success, also applies an attractive tax policy that includes several tax advantages to the foreign investor in Mauritius.
To allow foreigners to buy real estate in Mauritius, the Mauritian government has introduced the PDS (Property Development Scheme) to replace the former RES and IRS, which regulates the construction and sales of and apartments accessible to foreigners on properties with associated services for an exclusive comfort and in phase with the surrounding landscape.
Real estate investment in Mauritius is similar to what is practised in France, UK or elsewhere; the off-plan method allows a gradual unblocking of the funds, in line with the progress of the works, until the handing over of the keys and the removal of reservations.
It is also possible to buy an already completed property that is accessible to foreigners.
Any investment of more than USD 500,000 grants permanent residence to foreign purchasers including their spouses and children up to 24 years of age.
An agreement signed between Mauritius and several countries also allows investors to not be subject to the various taxes and other taxes on income and wealth that would otherwise be taxable to them if their financial investment had been made in their country of origin.