Yes, foreigners can legally buy property in Mauritius under specific schemes such as the Integrated Resort Scheme (IRS), the Real Estate Scheme (RES), the Property Development Scheme (PDS), and the Smart City Scheme (SCS).
No, you do not need a special structure like a trust or corporation to buy property in Mauritius. Individuals can purchase property directly.
Yes, as a foreigner, when you buy property in Mauritius, you own it outright with a freehold title.
The closing costs and taxes when buying property in Mauritius include a registration duty of 5%, a land transfer tax of 5%, and a notary fee of approximately 1.15%.
It is not mandatory to hire a lawyer when buying property in Mauritius. However, it is highly recommended to ensure that you fully understand the terms of the purchase agreement.
Yes, foreigners can get a mortgage in Mauritius. The terms and conditions vary from one bank to another.
No, there are no annual property taxes in Mauritius. However, there is a land tax that is payable by the owner of the property.
Yes, you can rent out your property in Mauritius for income. However, you should be aware that rental income is subject to tax.
Yes, the property buying process in Mauritius is safe and transparent. The government has implemented strict regulations to ensure that all transactions are fair and legitimate.
Yes, buying a property of at least USD 500,000 in Mauritius under the IRS, RES, or PDS schemes grants you a permanent resident permit. Your spouse and children under 24 also qualify for this permit.
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