Benefits of acquiring a RES property.
- More affordable than an IRS property.
- If the price of the property acquired is USD 500 000, it enables the owner to get de facto permanent residence in Mauritius for him and his dependents.
- Banks in Mauritius may partly finance acquisition.
- A RES includes commercial facilities and leisure amenities.
- The RES with its day-to-day management services such as security, maintenance, gardening, solid waste disposal and household services taken care of by a body corporate, it ensures ongoing safeguarding of the property.
- Acquisition of a freehold property.
- The delivery of a residence permit for a property purchase of at least USD 500,000.
- The VEFA contract is a mode of acquisition strictly governed by law. The French Civil Code is applicable in Mauritius for any property purchased.
- Upon signing the contract and before completion, the purchaser becomes the owner of the land and of the construction in progress.
- Opportunities to sell on to foreigners or local client in the desired currency.
Benefits of acquiring an IRS property.
- Enables the owner to get de facto permanent residence in Mauritius for him and his dependents.
- Due to their exclusivity, there is good potential for investors to benefit from Capital Gains.
- Properties can be purchased off plan.
- With an hotel adjacent and possible rental agreements, the property will generate constant income.
- Banks in Mauritius are prepared to partly finance acquisition of property (conditions apply).
- A body corporate ensure proper maintenance of the resort.
Benefits of acquiring a PDS property.
- A residence permit under the Immigration Act is granted to the non-citizen upon acquisition of a residential property not less than USD 500,000.
- The owner of a residential property may rent his/her property through the PDS Company holding the PDS Certificate or a service provider appointed by the PDS Company to provide property management services.
- The owner of a residential property is allowed to resell his/her property at no minimum price.
- A residential property under the PDS may be sold either on the basis of a plan, during the construction phase or when the construction is completed.
- Where the acquisition of an immovable property is made on the basis of a plan or during the construction phase, the contract shall be governed by the provisions of a “vente à terme” or “vente en l’état futur d’achèvement (VEFA)”, as the case may be, in accordance with the provisions of articles 1601-1 to 1601-45 of the Mauritian Civil Code.