Published on 27/05/2024
General terms of the RES (Real Estate Scheme) program in Mauritius:
The RES project must be between 1 arpent (about 1 acre) and 10 hectares in size.
The RES Mauritius program must be located on freehold land. All beachfront properties that are generally government-owned and leased are excluded.
The project must offer commercial and entertainment services in addition to residential services.
The project offers day-to-day support services such as solid waste disposal, security, maintenance, gardening and household services.
The RES building permit in Mauritius can only be applied for by small landowners who have owned the land for at least 5 years. The landowner's total land area in Mauritius should not exceed 10 hectares.
It is important that individual plots do not exceed 1.25 arpent (about 1.25 acres).
The RES (Real Estate Scheme) project does not require a minimum investment amount.
Payment for off-plan purchases (VEFA) will be made in instalments as construction progresses.
The registration tax for the purchase of a RES property in Mauritius is 5% of the purchase value.
RESIDENCE THROUGH ACQUISITION OF REAL ESTATE - RES
The RES projects in Mauritius, offer a variety of housing categories (villas, penthouses, duplexes, apartments) located in exclusive, but small-scale residential areas.
It is possible for a foreigner to acquire a residential property in existing RES projects, and if he spends at least 375,000 USD on the acquisition of the property, he and his dependents will be eligible for a residence permit.
Owners have the option of renting out property acquired under the RES (Real Estate Scheme) and freeing themselves from restrictions on the repatriation of funds or income from the sale or rental of the property.
It is not necessary for non-citizens who have a residence permit under the RES (Real Estate Scheme) to hold an occupation or work permit to invest and work in Mauritius.
Currently, the RES (Real Estate Scheme) has been replaced by the PDS. The PDS or Property Development Scheme is a recent regulation that includes the IRS (Integrated Hotel Scheme) and the RES. The scheme is designed to meet the needs of non-citizens, citizens and members of the Mauritian diaspora.
Take advantage of the opportunity to invest in a RES - Real Estate Scheme property in Mauritius thanks to the DECORDIER immobilier agency in Grand Baie.
DECORDIER immobilier Grand Baie
Phone : +230 268 2828
E-mail : contact@decordier-immobilier.mu
Website : www.decordier-immobilier.mu
The essentials about the Real Estate Scheme (RES) - Mauritius
RES or Real Estate Scheme in Mauritius means:
- - Freehold property available to foreigners.
- - A permanent residence permit in Mauritius acquired for the purchase of a property from 375,000 USD.
- - Tax advantages, such as reduced tax rates and exemptions on capital gains and dividends.
General terms of the RES (Real Estate Scheme) program in Mauritius:
The RES project must be between 1 arpent (about 1 acre) and 10 hectares in size.
The RES Mauritius program must be located on freehold land. All beachfront properties that are generally government-owned and leased are excluded.
The project must offer commercial and entertainment services in addition to residential services.
The project offers day-to-day support services such as solid waste disposal, security, maintenance, gardening and household services.
The RES building permit in Mauritius can only be applied for by small landowners who have owned the land for at least 5 years. The landowner's total land area in Mauritius should not exceed 10 hectares.
It is important that individual plots do not exceed 1.25 arpent (about 1.25 acres).
The RES (Real Estate Scheme) project does not require a minimum investment amount.
Payment for off-plan purchases (VEFA) will be made in instalments as construction progresses.
The registration tax for the purchase of a RES property in Mauritius is 5% of the purchase value.
RESIDENCE THROUGH ACQUISITION OF REAL ESTATE - RES
The RES projects in Mauritius, offer a variety of housing categories (villas, penthouses, duplexes, apartments) located in exclusive, but small-scale residential areas.
It is possible for a foreigner to acquire a residential property in existing RES projects, and if he spends at least 375,000 USD on the acquisition of the property, he and his dependents will be eligible for a residence permit.
Owners have the option of renting out property acquired under the RES (Real Estate Scheme) and freeing themselves from restrictions on the repatriation of funds or income from the sale or rental of the property.
It is not necessary for non-citizens who have a residence permit under the RES (Real Estate Scheme) to hold an occupation or work permit to invest and work in Mauritius.
Currently, the RES (Real Estate Scheme) has been replaced by the PDS. The PDS or Property Development Scheme is a recent regulation that includes the IRS (Integrated Hotel Scheme) and the RES. The scheme is designed to meet the needs of non-citizens, citizens and members of the Mauritian diaspora.
Take advantage of the opportunity to invest in a RES - Real Estate Scheme property in Mauritius thanks to the DECORDIER immobilier agency in Grand Baie.
DECORDIER immobilier Grand Baie
Phone : +230 268 2828
E-mail : contact@decordier-immobilier.mu
Website : www.decordier-immobilier.mu