Immigration Act 2022 in Mauritius Review

Category: Mauritius Real Estate

The laws governing foreigners purchasing property in Mauritius have undergone major modifications because of the country's new Immigration Act 2022. Now, non citizens are allowed to purchase residential real estate outside recognised programmes including the PDS, Smart City, IRS, and RES.

Any foreigner who meets the criteria for Mauritius residency under the Immigration Act of 2022 is now allowed to purchase a home outside these authorised projects. These people include those who have a work permit, family work permit, temporary work permit, resident permit, permanent residence permit, or residence permit.

Foreigners have traditionally been able to purchase apartments in Mauritius for a minimum price of MUR 6 million, provided the building has at least three floors. Recent years have seen the acquisition of an apartment for $375,000 or more also offering the buyer permanent residence.

Except for beachfront properties, foreigners are also allowed to acquire villas in Mauritius outside approved plans, barring any circumstances. According to the revised regulations, foreigners are allowed to own "standalone residential properties developed on an area of land not exceeding 0.5276 hectare (1.25 arpent)".

A maximum of 0.5276 hectares of land, including serviced land and land in smart cities, may be purchased by foreigners in Mauritius (1.25 arpent). The buyer needs to have a resident permit to purchase a home outside approved developments in Mauritius.

Contact the team at office@propertyfinder.mu to learn more.



#ImmigrationAct2022 #foreigners #realestate #realestateschemes #IntegratedResortScheme #RealEstateScheme #PropertyDevelopmentScheme #Mauritiusrealestatmarket #PropertyFinderMauritius #buyingahome #realestatemarket #propertypurchase #PDS #SmartCity #work permit #resident permit #permanentresidencepermit #landownership

Karen Thornalley

2023-01-11 07:10:48

SHARE THIS BLOG

RELATED BLOGS

FEATURED PROPERTIES


SURINAM, MAURITIUS

MUR 35,500,000

222 VIEWS

TAMARIN, MAURITIUS

USD 2,100,000

80 VIEWS

RIVIERE NOIRE, MAURITIUS

EUR 1,490,000

289 VIEWS

TAMARIN, MAURITIUS

MUR 38,000,000

230 VIEWS

Comments

Be the first to comment
or REGISTER to comment