2 Property For Sale in Mauritius

Considerations of buying Mauritius property

Mauritius property offers an incredible opportunity for investors, retirees, or holiday home seekers looking to buy a Mauritius apartment or home. The island nation of Mauritius is located in the ‘golden triangle’ connecting Asia, Australia and Africa, around 2,000 kilometres off the southeast coast of Africa. As a global location of cultural convergence, it is a melting pot of diverse ethnicities, religions, and languages. It is also known for exotic flora and fauna, many of which are unique to Mauritius. The country is today acclaimed as:

• A gateway to Africa
• An ideal investment platform

With its rich history and a mix of various cultural traditions, Mauritius is a privileged country to live in. Investing in Mauritus property is a particularly valuable prospect. Beginning in 2007, non-citizens are able to apply for the acquisition of freehold Mauritius property to use as personal residence. The non-citizen is also entitled to a residence permit if the value of the Mauritius property acquired exceeds USD500,000. Non-citizens may thus acquire one or more:

• Residential units developed under the Integrated Resort Scheme (IRS), Real Estate Development Scheme (RES) and Property Development Scheme (PDS)
• Residential units developed in a Smart City
• Apartments located at least two floors above ground floor in a building

The acquisition of a Mauritius apartment or residential unit can occur on the basis of a plan, during construction phase, or what the construction is completed. Benefits to foreigners of acquiring a Mauritius apartment or residential unit include:

• Peaceful, multi-ethnic with a unique lifestyle in a blend of cultures
• Ocean State with one of the largest Exclusive Economic Zones in the world
• Preferential market access to Africa, Europe and the USA
• State-of-the-art infrastructure
• Negligible pollution levels
• Welfare state with free public schooling and public health care.

In tandem to this exceptional environment, there are incentives and attractive tax policies to acquiring Mauritius property, including:

• Attractive corporate tax (0% - 3% - 15%)
• An absence of withholding taxes for interest, royalties, dividends or profit distributions from a branch
• Value added tax (VAT) at zero for transactions involved in global trade
• No capital gains tax (CGT)
• No stamp duty, registration fees or special taxes
• No estate, inheritance, gift, or inheritance rights of wealth taxes
• No limitation in the carry forward of tax losses
• No hereditary reserve
• Access to a network of 43 agreements avoiding double taxation with major developed and emerging economies around the world, offering a wide range of tax benefits and allowing effective tax planning.