Property for non citizens

Johns_HK

Active member

Member since 28 March 2018

Grand Baie, Rivière du Rempart

Johns_HK

09 May 2018 06:45:34

Johns_HK

09 May 2018 06:45:34

Grand Baie, Rivière du Rempart

Hi there,

After browsing a lot of different internet, I learnt that for any expat can get the residency through IRS, RES and PDS schemes.

Mauritius Govt recently amended and Acts and allow foreigners to purchase apartments in condominium developments of at least two levels above ground (G+2) with the prior approval of the Board of Investment. The amount payable for the acquisition of an apartment must not be less than Rs 6 million or its equivalent in any other freely convertible foreign currency.

My question: Do Expats allow to buy a property with garden or near beach but not those luxurious RES or PDS schemes? what exactly it means by above ground (G+2) apartment?

Many thanks
Annie

Steve Williams123

Member

Member since 21 April 2017

Port Louis, Port Louis

Steve Williams123

09 May 2018 07:08:29

Steve Williams123

09 May 2018 07:08:29

Port Louis, Port Louis

Expats can only buy property within ‘schemes'. They can be near, but not on, beaches. They can have gardens. They are overpriced.
Ground plus two means three floors, three levels of apartments.

Marie1959

New member

Member since 07 November 2017

Grand Baie, Rivière du Rempart

Marie1959

09 May 2018 07:28:46

Marie1959

09 May 2018 07:28:46

Grand Baie, Rivière du Rempart

Thank you so much for this info.

Johns_HK

Active member

Member since 28 March 2018

Grand Baie, Rivière du Rempart

Johns_HK

09 May 2018 07:50:12

Johns_HK

09 May 2018 07:50:12

Grand Baie, Rivière du Rempart

Thanks a lot 😁

hunczutpoffa

Member

Member since 31 August 2016

beau bassin

hunczutpoffa

12 May 2018 16:06:45

hunczutpoffa

12 May 2018 16:06:45

beau bassin

You could purchase an apartment situated on the groundfloor of a 3 story building with private garden and in a coastal region, if you manage to find one (most apartments do not have individual garden), the minimum price for foreigners stipulated by law is 6 million rupees but theoretically you could buy it at a much lower price, the declared price however would have to be at least 6,000,000 and the land transfer tax would be based upon the declared price.

Johns_HK

Active member

Member since 28 March 2018

Grand Baie, Rivière du Rempart

Johns_HK

13 May 2018 01:25:32

Johns_HK

13 May 2018 01:25:32

Grand Baie, Rivière du Rempart

Thanks

Jackie Sweed

Member

Member since 15 May 2016

Port Louis

Jackie Sweed

15 May 2018 05:55:48

Jackie Sweed

15 May 2018 05:55:48

Port Louis

In order to qualify for residency you will need to spend over US$ 500k. This has to be in one property purchases as you are not allowed to combine property values to add up to US$ 500k.

Hope this helps?