Can I buy property (as a Mauritian) but not live there?

Hello,

Just to be sure again...are you a Mauritian citizen?

If yes, then you can buy any property without constraints and conditions. Never heard about this obligation to stay there after the purchase.

If you have a Mauritian passport, of course you can but as a foreinger your are entitled to stay at least 6 months ...

candycandy wrote:

If you have a Mauritian passport, of course you can but as a foreinger your are entitled to stay at least 6 months ...

care to clarify ?

do you know the IRS system for non Mauritian who wants to live there and get advantages on taxes (especially inheritance taxes)...

See exchange from Nadeem
Nadeem
06 December 2011 08:35:39 

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Lol @ Terence!

Yes, quite right Julien... Renting sometimes brings a big pain to the neck.

RES has no minimum price officially.  If you want a permanent residency with your RES acquisition then you should buy something not below $500,000.  However, none of the RES promoters do offer anything below $600,000 - again, thinking that Mauritius is the navel of the world. IRS start from $800,000+ and their minimum stated by law is $500,000. I remember one of my clients looking for something withingp $1 million and it was impossible.





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check at anahnita for a villa but expensive though..

If you invest in an IRS villa -  you can rent it if your are not using it ...

You can rent but the resort management can/does take 50% of the rent and controls the rental process as you cannot rent indepentantly. In the case of one property I found out at one top resort you would only get about US$6,000 a year if renting a 3 bed. property.

You should be careful - the political situation is not great ...in 2 years time there will be a general election ...however I am not sure whether you are Mauritian passport holder or not.  If you do have a Mauritian passport - you can buy any property and rent or do whatever you want ...but when buying you need to be careful as well by choosing your notary ...and register the land officially.  One my friend brought a plot of land in Albion and the same plot was sold to as many people as they could ...

@candycandy -re. your last post - that's really terrible about the sale of plot of land - so what would happen legally? Clearly someone is breaking the law?
What do you mean by ' the political situation is not great'? Thanks.

you should read the local newspaper and know what is going on...My friend has to take a lawyer - that case lasted 5 years ...she got it in the end ...

xxxxxxx

Dear do you think you can start a business on same property you will plan to buy .  If yes that will not be a problems.  i know someone that can help you to understand the legal procedures to proceed

Hello everyone,

Just to inform you that 2 adverts have been removed from this thread.

All the best,
Bhavna

Hello,

According to your profile, it seems that you are an English. I assume that you are a non-citizen of Mauritius. If yes, then you do not have the right to buy a portion of land in the island as per the rules. There are specific properties which you can buy though, as a non-citizen. And they are:

1. Apartment in a minimum G+2 building. The cost of the apartment should be of a minimum amount of Rs. 6 million.

2. PDS (Property Development Scheme) Properties - If you buy a PDS villa for a minimum amount of 500,000 USD, you will obtain a resident permit in Mauritius.

3. A third option can be by incorporating a company in Mauritius and buying through that company. But atleast one of the Directors of the company should be a resident of Mauritius.

You can contact me for more information. I'd be glad to help.

Regards

Wahid Domun

This is doable through several schemes offered. Have you been able to get all the information you needed?

Hi loraine,
I made a mistake with my email address...here is the correct address:  p***

@candycandy no, i think you are wrong. I just confirmed with some agencies. Expats can buy in Mauritius if the roperty is found in a commun residence. Like flats with ground, first & second floors. And the price should start from Rs.6,000,000 only.

@Lorainechapman follow this link for more detailshttps://www.ofim.mu/blog/2/Etrangers-comment-investir-a-l-ile-Maurice.html

@Lorainechapman

https://www.ofim.mu/blog/2/Etrangers-co … urice.html