Investing in Mauritius: the PDS program and its advantages
The Property Development Scheme (PDS) is a revolutionary real estate program in Mauritius that offers foreign investors, Mauritians, and members of the Mauritian diaspora the opportunity to acquire luxury residential properties while enjoying permanent residency and significant tax benefits. This program aims to stimulate foreign investment, promote economic growth, and enhance the quality of life for the island's inhabitants.
Objectives of the PDS
The PDS pursues several key objectives:
Develop and sell high-quality residential units: the program encourages the construction of luxurious villas, apartments, and penthouses meeting the highest international standards.
Attract foreign investment: the PDS aims to attract investors from around the world by offering them a business-friendly environment and attractive tax incentives.
Boost economic growth: the development of large-scale real estate projects under the PDS contributes to job creation, the dynamism of the construction sector, and the overall growth of the Mauritian economy.
Enhance quality of life: the PDS emphasizes the creation of quality public spaces, leisure infrastructure, and essential services to improve the living environment for residents and the local community.
Benefits of the PDS for Investors
The PDS offers investors a multitude of advantages:
Permanent residency permit: acquiring a PDS property worth over USD 375,000 (excluding taxes) entitles the buyer, their spouse, and children under 24 to a permanent residency permit in Mauritius.
Tax residency: provided they remain on the island for a minimum of 183 days a year, PDS investors can become tax residents in Mauritius, enabling them to benefit from an advantageous tax regime.
Property rental: PDS property owners have the freedom to rent out their property, potentially generating rental income.
Exemption from permits: PDS investors do not require an occupation permit or a work permit to invest and engage in professional activities in Mauritius.
General Conditions of the PDS
The development of real estate projects under the PDS is subject to strict conditions:
Development of luxury residences: the construction of high-end residential units on a plot of at least 4,220 m² (1 arpent) is mandatory. The total area of the plots for sale must not exceed 25% of the constructible land area.
Quality public spaces: the development of attractive and functional public spaces is essential to promote social interaction and community cohesion.
Leisure and service infrastructure: the establishment of quality leisure, commercial, and service infrastructure is required to enhance the living environment for residents.
Day-to-day management: the provision of routine management services such as security, maintenance, gardening, and waste collection is essential to ensure the smooth operation of the development.
Social commitment: developers must contribute to the social, community, and infrastructure development for the benefit of the local community.
Types of Real Estate Eligible for the PDS
The PDS offers a variety of luxury real estate properties to meet the tastes and needs of investors:
- - Luxury villas with services and amenities: spacious and elegant villas offering high-end comfort, personalized services, and access to exclusive facilities.
- - Luxury apartments with services and amenities: refined and modern apartments located in secure complexes, offering concierge services and access to swimming pools, gyms, and other amenities.
- - Luxury penthouses with services and amenities: sumptuous penthouses offering spectacular panoramic views, high-end interiors, and personalized services.
- - Other luxury real estate: other types of luxury properties, such as townhouses, beachfront residences, or unique properties, may also be eligible for the PDS under certain conditions.
Cost of a PDS Property
There is no minimum purchase price for a PDS property. For non-Mauritian investors, the minimum property price for obtaining a residence permit is USD 375,000.
Sale of a PDS Property
PDS properties can be sold off-plan, under construction, or after completion of construction. Off-plan or under-construction sales are governed by a VEFA (vente en l'état futur d'achèvement) contract. In this case, the property price is payable in installments as the work progresses.
Commercial and Leisure Facilities
PDS developments must integrate high-quality commercial and leisure facilities accessible to residents and the local community. These facilities may include restaurants, shops, fitness centers, spas, sports fields, swimming pools, and green spaces. The nature and size of these facilities must be proportionate to the scale of the development.
PDS Accessibility for Mauritian Citizens and the Mauritian Diaspora
Mauritian citizens and members of the Mauritian diaspora are also eligible to acquire PDS properties. Payment can be made in Mauritian rupees or convertible foreign currencies.
The Property Development Scheme (PDS) offers a unique opportunity for investors to own a luxury property in Mauritius while benefiting from a permanent residence, tax advantages and an exceptional living environment. With its magnificent scenery, tropical climate, political stability and high-quality infrastructure, Mauritius is the destination of choice for investors looking for a peaceful haven and promising business opportunities.
Are you looking for luxury real estate in Mauritius? Discover our offers of high-end villas, apartments and penthouses under the PDS scheme here.
DECORDIER immobilier Grand Baie, your trusted partner for the purchase of a PDS property in Mauritius. Contact us today!
DECORDIER immobilier Grand Baie
Tél : +230 268 2828
E-mail : contact@decordier-immobilier.mu
Site web: www.decordier-immobilier.mu