YES, You can!
Important Note: Positive changes were proposed at the Mauritius budget meeting on held on the 4th of June 2020. These changes will be updated below accordingly once passed through Parliament. Please contact us for details on these proposed changes.
The Mauritian property market continues to be an enticing option for non-citizens looking for real estate investment that offers permanent residency. Property value is expected to grow by 40% in the next 10 years. Furthermore, Mauritius is extremely tax efficient with no capital gains or inheritance tax.
Property Purchase for Permanent Residency
In Mauritius, a property investment at a minimum of USD500,000 in a government-approved development (Property Development Scheme, Real Estate Scheme, Integrated Resort Scheme, or Smart City) offers the purchaser, their spouse and children under 24 years of age Permanent Residency status. The permanent residency is valid for as long as they own the property.
Permanent residency is an important aspect of the purchase decision, however it is crucial that the real estate investment provides favourable capital growth and rental return prospects.
Apartment Purchase for Investment
Non-citizens may purchase apartments in developments of at least two levels above ground (G+2) with approval from the Economic Development Board. The purchase price of an apartment should not be less than MUR 6 million in order to qualify. The purchaser in this instance does not qualify for a Permanent Residence Permit. Any non-citizen, with or without an occupation permit, residence permit, permanent residence permit, may acquire apartments.
How do we help…
DodoRelocations offers a unique turnkey solution for non-citizens looking to purchase property. Rely on our experience, we have an extensive network of both off plan and resale property purchase options available to meet your requirements. We are not real estate agents! Instead, we work with all reputable agencies and developers on the island and negotiate to ensure your best interests are met – we’re on your side.
During our accompanied Property Search service, we visit qualified properties from a predetermined shortlist saving time whilst ensuring a comprehensive selection from carefully selected and trusted agencies.
In addition, we can assist with the following services:
- de-snagging your home prior to arrival
- the appointment of local interior decorators
- procurement of all your kitchen equipment
- procurement of the best quality linen and towels
- procurement of carpets and blinds
- the design and making of furniture
- the appointment of pool maintenance and garden services
- the provision of handymen, plumbers and electricians
- utility setup and organisation of internet and DSTV
HOW DOES IT WORK?
Our fees are time and expense based and will depend on what you need us to organise for you.
Please contact us and we’ll gladly get in touch to provide you with a detailed questionnaire. This will enable us to provide you with a quote specifically tailored to your needs.