Property Investment : Acquisition Options for Foreigners Broadened and Made Easier
Another milestone achieved in property investment in Mauritius!
For a minimum investment of USD350 000 and a 10% contribution to the solidarity levy, a holder of any type of residence permit including Permanent Residence Permits, Investor Permits, Occupational Permits, Retiree Permits but excluding the Premium Visa, now qualifies for property acquisition outside of the approved schemes, i.e, the Integrated Resort Scheme (IRS), Real Estate Scheme (RES) and Property Development Scheme (PDS).
This new measure broadens the possibilities of property acquisitions, as foreign residents now have access to many more properties on the island, including:
-
Already built homes situated on freehold land not exceeding 5276 square metres
-
Plots of freehold land not exceeding 5276 square metres
The new legislation does not allow foreigners to buy leasehold land, which generally means any beachfront property is excluded and not available.
Discover: Kalyaana Villa