Have you always dreamed of moving to an island paradise? ️ Mauritius, with its fine sandy beaches, turquoise lagoon and verdant mountains, could well be the ideal place to make your dream come true. And if you thought Mauritian real estate was out of reach, think again! Investing in property in Mauritius is now more accessible than ever, for a number of reasons.

An exceptional living environment at your fingertips

Imagine waking up every morning to the sound of the waves and birdsong. Enjoying a tropical climate with year-round sunshine. ☀️ Swimming in crystal-clear water at the perfect temperature. ‍Taste fresh, tasty tropical fruits. Stroll through breathtaking landscapes. ️ Mauritius is a true haven of peace, offering you an idyllic living environment.

A stable, secure environment for you and your family

Mauritius is a stable, democratic country with a low crime rate. ‍ You and your family can enjoy your new life to the full with complete peace of mind. ‍‍‍ The Mauritian healthcare system is efficient and accessible, and the island is home to quality international schools for your children.

An attractive tax regime for foreign investors

Mauritius has introduced a particularly attractive tax regime for foreigners wishing to invest in real estate. What does this mean for you?

- A single tax rate of 15%.

All your income, including that from your real estate investment, is taxed at a single rate of 15%. Simple and straightforward!

- No wealth tax, capital gains tax, property tax or council tax

You don't have to worry about the extra taxes that can burden your investment in other countries.

- 15% VAT

Mauritius is one of the few countries in the Indian Ocean to apply such a low rate of VAT.

- Double taxation treaty

If your home country has signed a double taxation agreement with Mauritius (like France), you will only pay taxes on the island.

Property taxation in Mauritius is ultra-attractive for foreign investors. You benefit from a simple, transparent and advantageous system that allows you to maximize your profits.

Promising rental investment opportunities

Rental demand is high in Mauritius, due to the development of tourism and the influx of foreign workers. You can therefore expect to generate substantial rental income by investing in a well-located property. Numerous rental management services are available to simplify your life.

Simplified administrative procedures for foreigners

Buying property in Mauritius is a simple and transparent process for foreigners. All you need to do is obtain authorization from the Board of Investment (BOI) and follow a few administrative procedures with the local authorities.

Real estate programs for foreigners in Mauritius

The Property Development Scheme (PDS)

The Property Development Scheme (PDS) is the royal road for foreigners wishing to buy property in sunny Mauritius. It is a government initiative launched to replace previous property investment schemes, such as the Integrated Resort Scheme (IRS) and the Real Estate Scheme (RES). Designed to facilitate the acquisition of real estate by foreigners, the PDS aims to promote inclusive economic growth while ensuring the sustainable development of high-end residential areas.

The program enables foreign investors to purchase villas, apartments or houses in luxury residential complexes, and in exchange, they can obtain a residence permit in Mauritius, subject to certain conditions. One of the main advantages of the PDS is that it imposes no minimum limit on the purchase price, making it accessible to a larger number of international investors.

The PDS offers simplified, centralized management, facilitating administrative procedures for investors. The Mauritian government, in collaboration with various agencies, effectively monitors and regulates projects to ensure compliance with the program's standards and objectives.

Become a Mauritian resident through property investment

Buying a property in Mauritius under the PDS scheme opens the door to obtaining a permanent residence permit for you and your family. To obtain your residence permit, all you need to do is :

• Invest in a PDS property with a minimum value of USD 500,000
• Meet the program's eligibility criteria
• Submit an application to the Board of Investment (BOI)

Processing your application usually takes 3 to 4 months.

R+2 appartments

The concept of R+2 apartments in Mauritius is a key component of residential real estate, offering a flexible and attractive investment and housing option. The term "R+2" refers to a type of residential building that comprises the first floor plus two additional storeys. This property category is popular with foreign investors, due to its suitable size and affordability compared to larger properties.

The major advantage of R+2 apartments is that they enable foreigners to invest in Mauritian real estate without the restrictions usually imposed on land acquisitions. Indeed, Mauritian laws allow foreigners to buy apartments in buildings of this type without special permits, making them an attractive option for those looking to own property on the island, whether for personal use as a second home or for rental investment.

These apartments are often strategically located, offering easy access to urban amenities such as shopping centers, schools, hospitals and public transport. They are also designed to offer modern comforts, with quality interior fittings, security installations and often communal facilities such as swimming pools, gardens and fitness areas.

Smart City Scheme (SCS) 

The Smart City Scheme (SCS) in Mauritius represents an ambitious and innovative initiative launched by the Mauritian government with the aim of transforming the island into a modern, sustainable economic hub. The project aims to develop integrated urban areas, known as "smart cities", which combine residential, commercial, leisure and educational spaces in an ecologically sustainable and technologically advanced environment. The central idea behind SCS is to create self-sufficient cities, where residents can live, work and relax in optimal conditions, while minimizing their ecological footprint.

Smart cities are designed to be models of sustainability and innovation. They incorporate advanced resource management technologies, such as renewable energy, water and waste management systems, and smart mobility solutions to reduce congestion and pollution. These cities are also planned to foster an inclusive community, with accessible infrastructure and green spaces, promoting the health and well-being of residents.

One of the key objectives of the SCS is to stimulate the Mauritian economy by attracting foreign investment and creating new employment opportunities. Areas designated for the development of smart cities are often equipped with tax and other incentives to encourage local and international companies to locate there. These projects offer an opportunity to expand high-end residential and commercial real estate, attracting an international clientele.

Investing in real estate in Mauritius: the key stages

Convinced by the many advantages Mauritius has to offer? Would you like to take the plunge and invest in real estate? Here are the key steps to follow to make your project a reality:

1. Define your project and budget

Before taking the plunge, it's important to take the time to define your objectives and budget. What type of property are you looking for? Apartment, villa, vacation home? Which region do you want to settle in? How much are you prepared to invest? Asking yourself these questions will help you focus your search and maximize your chances of finding the ideal property.

To invest in real estate in Mauritius as a foreigner, the most suitable scheme is the Property Development Scheme (PDS), a legal framework that replaces and encompasses the former RES, IRS and IHS. This scheme enables international investors to acquire residential property on the island, while possibly benefiting from a Mauritian residence permit under certain conditions, including a minimum investment requirement.

In addition to the PDS, foreigners can also invest through companies, trusts or limited partnerships, in accordance with Mauritian legislation. Each option offers its own advantages and requires compliance with specific criteria, defined by the Mauritius Board of Investment.

2. Find the property of your dreams

In Mauritius, it's not easy to find a property on your own. It's best to rely on the expertise and know-how of a local real estate agency.

At Sunset Properties, we are committed to supporting you throughout your real estate investment project in Mauritius.

Our wide range of personalized services includes :

- Exclusive access to a wide choice of properties: apartments, villas, vacation homes, land... Our catalog caters for all budgets and needs.

- Expert advice and in-depth knowledge of the Mauritian real estate market: our agents will help you define your needs and identify the ideal property for you.

- Personalized support at every stage of your search: from visiting properties to negotiating the price and signing the sales contract, we're at your side to make your life easier.

When you call on Sunset Properties, you can be sure of finding the property of your dreams in Mauritius as quickly as possible and with complete peace of mind.

3. Obtain authorization from the Board of Investment (BOI)

This is the first administrative step for any foreigner wishing to purchase property in Mauritius. The file to be submitted is relatively simple and includes documents such as your passport, proof of address and a financing plan. We can help you with these formalities.

Whether you're looking to settle on the island and own a pied-à-terre for your vacations, or rent out your property on a seasonal basis, this is your first step. And once you've concluded your deal under the notary's seal, you can also start the process of obtaining a precious sesame: the residence permit for you and your loved ones.

The Mauritian adventure allows you to buy everything from a house with a garden to a chic apartment or even a commercial space, using local currency or the unavoidable US dollar. And good news: your capital, even if it comes from abroad, is welcome to make your project a reality, as long as you first transfer it to a local bank.

4. Negotiate the price and sign the sales contract

Once you've found the property of your dreams, it's time to negotiate the price with the seller. Don't hesitate to call on us for support at this important stage. The sales contract must then be signed before a Mauritian notary.

5. Finalizing the purchase and obtaining title deeds

The final step is to pay the balance of the purchase price and the notary and registration fees.

Acquisition costs:

• Registration fees: 5% of the purchase price of the property
• Notary fees: approximately 1% of the purchase price
• Real estate agency fees: if you use an agent (approx. 2% of the purchase price + VAT).

You will then receive the official title deed for your property in Mauritius.

Financing and renting: smart investing in Mauritius

Investing in real estate in Mauritius is more than just buying a property. It's important to think about the management of your investment, particularly in terms of financing and leasing.

Financing :

Conventional bank loans: banks in Mauritius offer property loans to foreigners. The local bank loan option is therefore the best way to make your real estate purchase in Mauritius a reality. A minimum personal contribution of 25% of the purchase price is required, and the loan will be subject to specific conditions, including a variable interest rate and a maximum repayment period of 15 years.

• Developer financing: some real estate developments may offer direct financing options. This can be an interesting alternative, especially for projects under development or pre-sale, with conditions that are sometimes more flexible than those offered by traditional banks.

• International loans: some international financial institutions specialize in lending to expatriates and international investors, including for properties in Mauritius. These loans can be based in a different currency (euro, dollar, etc.), which can be an advantage or a disadvantage depending on exchange rate fluctuations.

• Self-financing: self-financing remains an option for those with the necessary means. This method avoids the interest and hassle involved in obtaining a loan.

Rental :

Real estate in Mauritius offers excellent potential for generating rental income. In fact, strong rental demand, combined with an advantageous tax framework, makes it a particularly attractive investment.

Here's how rental investment can help you finance your mortgage:

• Your rental income can cover all or part of your monthly mortgage payments. This reduces your debt and improves your financial situation.
• Your property increases in value over time. You can therefore expect to realize a capital gain on resale, which will enable you to make an additional profit.

Several types of property are suitable for rental investment in Mauritius:

• Apartments in tourist residential complexes are very popular with holidaymakers.
• Luxury villas can be rented to wealthy families or expatriates.
• Single-family homes in quiet residential areas attract local families.

By surrounding yourself with competent professionals, you can realize your dream with complete peace of mind. Contact us today to find out more about real estate investment opportunities in Mauritius and start your new adventure!