Invest in Mauritius
Something to suit every pocket20th Oct 2020
With its stunning scenery, fabulous lifestyle, ease of doing business and excellent return on investment, Mauritius is a fabulous place to invest – whether you decide to live there or not. And the best part is that, contrary to what you might think, there are some very affordable options – in fact, something for every budget.
Approved property schemes in Mauritius
Foreigners are allowed to buy property in Mauritius, but only from developments that have been approved by the Economic Development Board (EDB) of Mauritius.
- The Property Development Scheme (PDS) has replaced the Integrated Resort Scheme (IRS) and the Real Estate Scheme (RES), and allows the development of a mix of residences for sale to non-citizens, citizens and members of the Mauritian Diaspora. Properties for sale under this scheme must consist of at least six units. There is no minimum purchase price but, in order to be eligible for a residence permit, and to be allowed to work in Mauritius, one’s investment must be at least US$ 375,000.
- The Smart City scheme, which revolves around the work, life and play concept, consists of mixed-use developments in cosmopolitan conurbations, with smart technology and pioneering innovation at their core. In Smart City Schemes, non-citizens may purchase villas, houses, townhouses, apartments and duplexes.
- The Ground + 2 Scheme (G+2) permits non-citizens to buy apartments in building that are at least three storeys high (Ground plus two). The minimum purchase price for buying under this scheme is MUR 6 million (about R2.5 million or US$ 150,000).
Some attractive developments in Mauritius
One of the biggest problems with buying property in Mauritius is choosing which fabulous development to buy into. Here is just a small selection.
In the North:
In the East:
In the West: