Real Estate Programs for Expatriates in Mauritius : IRS, RES, PDS, and R+2

Mauritius is a dream destination for many expatriates looking to settle in an idyllic setting with pleasant weather all year round. Whether you are looking for a new primary residence or a lucrative investment, Mauritius offers exceptional opportunities in the real estate sector. This article presents the different real estate programs available for expatriates: IRS, RES, PDS, and R+2. You will discover the unique benefits of each program and the conditions to qualify. Get ready to be charmed by the investment opportunities in Mauritius!

Real Estate Programs in Mauritius

To encourage foreign investment, Mauritius has implemented several attractive real estate programs: IRS, RES, PDS, and R+2. Each of these programs offers specific advantages and meets various needs. Whether you are looking for a luxury residence, an innovative development project, or a more affordable investment, there is a program for you. Discover the objectives and benefits of each program to make the best choice for your real estate investment in Mauritius.

IRS Program (Integrated Resort Scheme)

The IRS program is designed to attract foreign investors by allowing them to acquire properties in integrated luxury resorts. IRS projects typically include high-end villas, golf courses, spas, and marinas. To be eligible, the investor must purchase a property with a minimum value of USD 375,000. This program offers many benefits, including the possibility of obtaining a residence permit for the investor and their family. IRS projects are particularly popular with expatriates looking to enjoy a luxurious and exclusive lifestyle.

RES Program (Real Estate Scheme)

The RES program allows foreigners to purchase residential properties in smaller-scale projects compared to the IRS program. RES projects offer a variety of housing options, from apartments to villas. The eligibility conditions are more flexible than those for the IRS program, making it an accessible option for many investors. An example of a popular RES project is the Anahita development, which offers luxurious residences with breathtaking ocean views. Property owners under the RES program can also obtain a residence permit based on their investment.

PDS Program (Property Development Scheme)

The PDS program was introduced to replace the IRS and RES programs, offering more flexibility and innovation. It allows foreigners to acquire residential properties in integrated development projects, including villas, apartments, and penthouses. PDS projects must include community facilities, property management services, and quality infrastructure. An example of a PDS project under development is Mont Choisy La Réserve, which offers luxury residences with modern amenities. Investors also benefit from attractive tax advantages, such as exemption from capital gains tax.

R+2 Program (Apartments in R+2 Buildings)

The R+2 program allows foreigners to buy apartments located in buildings with at least two floors. This program offers an affordable investment opportunity, as there is no minimum purchase amount required. Properties under the R+2 program are often located in urban areas and offer easy access to local amenities. This type of property is ideal for expatriates looking to live in a dynamic and well-served environment. Additionally, investors can rent out their property and generate regular rental income.

Purchase and Residence Process

Buying a property in Mauritius under one of these programs involves several administrative steps. First, it is essential to find a real estate project that meets your needs and budget. Then, you must sign a sales contract and pay a deposit. The necessary documents include your passport, proof of funds, and a bank reference letter. Once the purchase is finalized, you can apply for a residence permit with the Mauritian authorities. This permit allows you to live in Mauritius as a resident, providing easy access to all the country's benefits.

Investing in real estate in Mauritius is a unique opportunity for expatriates looking for an exceptional living environment and numerous tax advantages. Whether you opt for an IRS, RES, PDS, or R+2 program, each option offers distinct benefits and meets various needs. With quality real estate projects and simplified procedures, Mauritius is an ideal destination for your next real estate investment. For more information and to assist you with your project, do not hesitate to contact our team at Sunset Properties. We are here to help you realize your dream of living in Mauritius.