Category: Buying a Property
In Mauritius, a Notary is a qualified lawyer who has been given permission to authenticate documents and handle various legal procedures. The hiring of a Notary is normally necessary by law when buying a property in Mauritius to make sure that the transfer of ownership is legitimate and correctly recorded.
When buying a property in Mauritius, there are a lot of government criteria that must be fulfilled, such as the need for a mortgage if the buyer is financing the purchase, the need to pay stamp duty and registration fees, and the need to get a land title search report. These criteria can be helped with by a notary, who will make sure they are correctly filled out and submitted.
By offering legal protection and making sure that the transaction is correctly documented, using a Notary can be advantageous to both the buyer and the seller of real estate. A Notary Public can help in avoiding potential legal problems or conflicts that might develop throughout the acquisition process.
Using a Notary in Mauritius to buy a property will cost you different amounts depending on how complicated the transaction is and what services are needed. To evaluate prices and make sure you are receiving the best value for your money, it is important to ask for quotes from many Notaries.
The complexity of the transaction and how quickly the required paperwork and requirements can be acquired will also affect how long the notary service takes. It is crucial to give yourself enough time to perform the notary service because any delays could prevent the sale from closing.
Send an email to email@example.com to reach the team so they can help you with your inquiry.
#Notaryservices #propertybuying #Mauritius #legalprocedures #landtitlesearchreport #legalprotection #costevaluation #propertyownership #realestate
When you acquire an IRS or RES PDS property in Mauritius, by buying a real estate which price shall exceed $375 000 (approximately 338,000 euro), an individual will be granted a permanent resident permit. If you are a senior citizen you can also enjoy a peaceful retirement without worrying about the different procedures may consider this option.
When buying property in Mauritius you will face the following legal costs:
The Notary fees are calculated as follows:
Rental income of nonresidents is taxed at a flat rate of 15%. Income-generating expenses are deductible when computing for the taxable income.
Double taxation is avoided by means of a tax credit allowed for tax paid in the other state. The treaty, as well as Mauritius tax law, provides for credit in respect of underlying tax relating to dividends and tax sparing relief for tax exemption or reduction granted by a state.
No capital gains tax is levied in Mauritius, gains from the sale of shares are taxable only in the country where the shareholder is resident. While Mauritius does not levy capital gains tax, any gain or profit from the sale of securities or units is specifically exempt from income tax.
Omit any brackets, dashes, plus signs, and leading zeros when adding the phone number in international format
eg: +230 5 999 5555 correctly entered will be 23059995555
eg: 00230 5 999 5555 correctly entered will be 23059995555
eg: 5 999 5555 correctly entered will be 23059995555
eg: 59995555 correctly entered will be 23059995555
No details on file
You will provide us your personal information when registering as a Registered User or as a Subscriber. By providing your data to PropertyFinder.mu you acknowledge that we may also contact you with any other communications deemed relevant to your interest in PropertyFinder.mu and its activities.
We may still contact you once your subscription has expired in reference to renewing your subscription, free content that is available or other information we believe may be of interest to you. You may choose to stop receiving emails from PropertyFinder.mu at any time by emailing support@PropertyFinder.mu
We will not sell, distribute or lease your personal information to third parties unless we have your permission or are required by law to do so. We will not use your personal information to send you promotional information about third parties which we think you may find interesting, however if you wish us to do so, you can request in writing via email to support@PropertyFinder.mu.
We require this information to understand your needs and provide you with a better service, and from time to time, we may also use your information to contact you for market research purposes.
We are committed to ensuring that your information is secure. In order to prevent unauthorised access or disclosure, we have put in place suitable physical, electronic and managerial procedures to safeguard and secure the information we collect online. Your enquiries will be handled by two regulated entities Total Wealth Planning FCA Reference No. 744938 and Gravitas Finance LLC and your data will be stored under both of these entities own privacy policies and GDPR provisions.
We use traffic log cookies to identify which pages are being used. This helps us analyse data about webpage traffic and improve our website in order to tailor it to customer needs. We only use this information for statistical analysis purposes and then the data is removed from the system. Overall, cookies help us provide you with a better website by enabling us to monitor which pages you find useful and which you do not. A cookie in no way gives us access to your computer or any information about you, other than the data you choose to share with us. You can choose to accept or decline cookies.
The Site may contain links to External Sites. However, once you have used these links to leave the Site, we cannot be responsible for the protection and privacy of any information which you provide whilst visiting any External Sites.
For further information on any aspect of these terms and conditions, please email support@PropertyFinder.mu
Due to the new data protection regulation which will come into force on 25 May 2018, we would like to inform you of the changes we have made to our existing agreements as to ensure that we continue to act in accordance with the applicable Data Protection Legislation.
Our existing contractual agreement contains data protection clauses which govern the way we share and process our clients and or employee’s personal data. These requirements are necessary for us to fulfil our contractual obligations while providing services to our clients.
Please find herein the most up to date version of these clauses.
The addendum below will be effective from 25 May 2018, we will assume that you agree with these amendments, if we continue to provide or receive services to or from us. GDPR implementation has been a challenge for many organisations and at PropertyFinder.mu we will be very happy to assist you with any query or clarification you may need regarding GDPR and/or our data processing procedures.
If you have any questions regarding the clauses below, please contact our compliance department on PropertyFinder.mu.
The purpose of this addendum is to update your existing agreement with PropertyFinder.mu. These changes are necessary to ensure that we can continue to act in accordance with applicable data protection laws and regulations after 25 May 2018. If you continue to provide services or products or use our services or products after the above date, we will assume that you agree with the amendments to the Agreement we have in place with you.
1. Data Protection Legislations means the Data Protection Act 1998, the EU Data Protection Directive 95/46/EC, General Data Protection Regulations GDPR 2016/679, the Regulation of Investigatory Powers Act 2000, the Telecommunications (Lawful Business Practice) (Interception of Communications) Regulations 2000 (SI 2000/2699), the Electronic Communications Data Protection Directive 2000/58/EC, the Privacy and Electronic Communications (EC Directive) Regulations 2003 and all applicable laws and regulations relating to processing of personal data and privacy, including where applicable the guidance and codes of practice issued by the Information Commissioner.
The words “personal data”, “data subject”, “data controller” and “data processor” herein shall have the meaning given to them in the Data Protection Act 1998 and or General Data Protection Regulations GDPR 2016/679 or as subsequently introduced.
3. We warrant to you, and you warrant to us, that, where either you or us collect personal data from clients or another third party, which one party subsequently transfers or makes available to the other, that we or you (as applicable) have:
Property Finder was founded in 2017 with the aim of providing builders and developers a place where they could go to find great development properties, for sale. We bring together key information about each property to help save the developer, or builder, time.