How can a foreigner buy property in Mauritius?

Any non-citizen, with or without an occupation permit, residence permit, permanent residence permit, may acquire apartments or penthouses in a Ground + 2 residence anywhere in the building.

Can a non citizen buy property in Mauritius?

Who Can Buy a Property in Mauritius? Mauritian citizens and foreigners residing in the country or abroad can acquire Mauritius properties as long as they abide by the laws put in place. Over the years, the real estate market has been evolving in the country, opening aspiring investors’ opportunities.

How do I buy a house in Mauritius?

Buying a property in Mauritius in 5 steps

  1. Search and Find the right property. There are many ways to search and find a real estate property in Mauritius. …
  2. Get in touch with the best agencies. …
  3. Carefully check the property specifications and owner’s title deeds. …
  4. Hire a notary. …
  5. Penalty for under-evaluation.

How much does it cost to invest in Mauritius?

The minimum legal transaction amount is $ 500,000, although the Economic Development Board website lists the amount at $ 375,000. Property Development Scheme (PDS) involves the purchase of residential, resort, and leisure properties.

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Is it worth investing in Mauritius?

The country’s crime rate is also relatively low, making investors, both citizens and foreigners, feel safe in their doings. Investments funds in Mauritius have also become a popular option for both local and foreign investors. The tourism sector is one of the main revenue-generating drives in Mauritius.

Can I get a mortgage in Mauritius?

Mortgage Loan for Expatriates and Mauritian Citizens

Today, this country allows Mauritians and foreigners to acquire IRS, RES and PDS properties and has several credit facilities to finance a property purchase project. These foreign and Mauritian buyers are turning to the banking sector for a loan or a mortgage.

Can foreigners buy commercial property in Mauritius?

Since the island has many business and tax incentives, foreigners are motivated to move to Mauritius for business and relocation purposes. … The different schemes / programmes have been designed to facilitate the acquisition of residential and commercial properties by non-citizens or companies in Mauritius.

How can I immigrate to Mauritius?

Citizens from most countries don’t need to have an entry visa for Mauritius. When you are planning to relocate to Mauritius and stay there for more than 90 days, you will have to apply for a temporary residence permit. If you plan to live and work in Mauritius, you must obtain a work permit.

Is Mauritius a good place to retire?

The Mauritian government has made a point of attracting foreign investment by placing a favourable and conducive environment for these foreign investments. … Retirees can enjoy a magnificent standard of living in Mauritius. Moreover, it is easy to receive French retirement pensions in Mauritius.

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What do I need to live in Mauritius?

To live and work in Mauritius, you need to obtain a work and residence permit, of which, after three years, you will be eligible to apply for a permanent residence permit. With a permanent residence, you can stay in the country for ten years.

How much money do you need to immigrate to Mauritius?

The minimum investment required to obtain an Occupational Permit (OP) has dropped from $100 000 to $50 000, while permanent residency permits through property investment have dropped from a threshold of $500 000 to $375 000.

Does Mauritius allow dual citizenship?

BY NATURALIZATION: Acquisition of Mauritian citizenship is severely limited and actively discouraged. No policy for naturalization is now in effect. DUAL CITIZENSHIP: RECOGNIZED. Exception: Dual citizenship is recognized for any native-born Mauritian age 21 or older.

Is it expensive to live in Mauritius?

A single person estimated monthly costs are 553$ (24,058Rs) without rent. Cost of living in Mauritius is, on average, 36.19% lower than in United States. Rent in Mauritius is, on average, 73.26% lower than in United States.

Can a foreigner live in Mauritius?

To take advantage of these benefits, a foreign national can apply for a residence permit, which will allow him to settle and live in Mauritius. There are several ways for a foreigner to be eligible for such a permit, which is also valid for his spouse and children under the age of 24.

How can I get permanent residency in Mauritius?

Engage in a Mauritian occupation

Foreign nationals can get a combined occupation and residency permit as an enterprising investor, as a professional or as a self-employed individual. You can also get a residency permit by working as an employee in Mauritius if your monthly basic salary is not less than MUR60,000 .

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Is real estate a good investment in Mauritius?

As stated above, real estate offers attractive rental income, and capital gains at resale – especially if the property is located in a popular and fast-developing region. Investing in real estate in Mauritius is also a method of securing your assets, and eventually of passing them on to your successors.