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
TAMARIN, MAURITIUS
66 VIEWS
TAMARIN, MAURITIUS
59 VIEWS
FLIC EN FLAC, MAURITIUS
31 VIEWS
CASCAVELLE, MAURITIUS
330 VIEWS
TAMARIN, MAURITIUS
56 VIEWS
BALACLAVA, MAURITIUS
571 VIEWS
GOODLANDS, MAURITIUS
34 VIEWS
BEAU CHAMP, MAURITIUS
192 VIEWS