#3702
Buying a property in Mauritius
Sales Representative: Mrs. Devianee Appanah
Email: devianee@bluelpm.com
Mobile: +230 5259 0870
Non-national must adhere to at least
one of the following criteria to be able to buy a property:
1. Buyer should have Mauritian
nationality
2. Buyer should be married to a
Mauritian under the legal system of Community of Goods and Property.
3. Buyer should buy properties under
RES/IRS schemes.
Earlier non-national were not
permitted to purchase property in Mauritius. However with latest changes in
legislation In 2002 the Mauritian Government decided to open the market to
foreign buyers on a restricted basis through RES and IRS, which permits the
building and sale of luxury residential units to foreigners in specific
locations. Non-nationals are now allowed to acquire residential property in
Mauritius under special schemes known as the Integrated Resort Scheme (IRS) and
the Real Estate Scheme (RES).
Buying through IRS scheme
automatically grants the purchaser a residence permit
In order to acquire residency, the
buyer should buy a residential property bought within a RES for the minimum
price of USD 500,000
However, acquirers of a residence
under the RES /IRS can apply for residency under any of the 4 existing
conditions:
- as an investor
- as a professional
- as a self-employed
- or as a retired non-citizen.
RES (Real Estate Scheme)
The Real Estate Scheme is a regime
under which foreign buyers (non-national) can own or invest profitably in a
villa or apartment in Mauritius. It was introduced under the Investment
Promotion Act and Investment Promotion (Real Estate Development Scheme)
Regulations 2007.
*A RES framework consist of property
developments of smaller scale than IRS projects.
* Non-residents of Mauritius can
acquire a RES property.
* A residential property may be
acquired from a RES company by:
- a citizen of Mauritius;
- a non-citizen;
- a local or foreign company
incorporated under the Companies Act;
- a société; or a trust.
Entities holding a Global Business
Licence cannot acquire property under the RES.
* The development has to be 1 acre
at least and not exceeding 10 hectares.
* Under the RES, villas and other
residential properties can be sold freehold.
* There is no restriction on the
minimum amount of investment in the acquisition of a residential property under
the RES (no minimum price)
* The acquisition price of the RES
has to be at least USD 500,000 to enable the owner and his dependents to get
residency.
* Development of residential units
on freehold land of at least 1 arpent but not more than 10 hectares (23.69
arpents). The extent of land that may be used for the development of a single
residential property, other than for an apartment or a penthouse, under the RES
must not exceed 0.5276 hectare (1.25 arpents).
* Land transfer tax of 5% is payable
by the RES company on the value of the property sold.
* A registration duty of USD 25,000
is payable by the purchaser
* Board of Investment Application
Fee, which is currently MUR10,000.
IRS (Integrated Resort Scheme)
The Integrated Resort Scheme (IRS)
is a designed to facilitate the acquisition of residential property by
foreigners in Mauritius. The IRS is a project for the development and sale of
luxurious residential units to non-nationals.
* At least USD 500,000 (excluding
taxes) has to be invested to acquire residential property
* Development of luxury residential
units on freehold land of more than 10 hectares (23.69 arpents).
The extent of land that may be used for the development of a single residential
property, other than for an apartment or a penthouse, under the IRS must not
exceed 0.5276 hectare (1.25 arpents).
* Land transfer tax of 5% is payable
by the IRS company on the value of the property sold.
A registration duty of USD 70, 000 or 5% of the value of the property whichever
is the higher, is payable by the purchaser
* Board of Investment Application
Fee, which is currently MUR10,000.
* A residential property may be
acquired from a IRS company by:
- a citizen of Mauritius;
- a non-citizen;
- a local or foreign company
incorporated under the Companies Act;
- a société; or a trust.
Entities holding a Global Business
Licence cannot acquire property under the IRS.
* The Integrated Resort Scheme
provides:
- For the development of luxurious residential units, on freehold land of more
than 10 hectares, to be sold at a price exceeding USD 500,000.
- High-class leisure and commercial amenities and facilities intended to
enhance the residential units. These may include but not limited to, golf
course, marina, nautical and other sport facilities, shopping mall, restaurant
and wellness centre. - Day-to-day management services such as security,
maintenance, gardening, solid waste disposal and household services have to be
provided to the residents.
- For a social contribution in terms of social amenities, community development
and other facilities for the benefit of the community.
Just 100 metres from the powdery sand and crystalline waters of Mont Choisy
beach, the elegance of these stunning contemporary apartments is a keynote
statement of Stefan Antoni's understated aesthetic. With
spacious interiors opening onto view decks and terraces, these two and three
bedroom apartments and penthouses are arranged in intimate blocks around four
massive swimming pools to which Stefan Antoni has added cabana pavilions to
create magical and intimate holiday spaces.
When you buy a La Peninsule
apartment at Mont Choisy, you have the privilege of
making your own personal choice of finishes from a variety
of products of different textures and colour!
Moreover, during your visit to our showroom, you will be assisted by one
of our interior designers through a wide range of samples
that will inspire you in your selection of
finishes. This unique service is completely free of charge and allows
you to completely customize your apartment.
The
standard features and finishes
The choices of finishes and
combinations are endless thus allowing you, with the assistance of our team of
interior designers, to create your dream residence.
Kitchen
Contemporary sleek modern Euro-Style designs with
designer selected cabinet finishesChoice of designer selected granite countertopsChoice of designer selected ceramic tile backsplashChoice of engineered laminate flooring or ceramic tile
as per floor plansStainless Steel appliancesUndermount stainless steel sink and single
lever faucet with convenient pullout sprayDesigner selected ceiling mounted LED light fixture
The Bathroom
Contemporary European Style bathroom
with great finishes to ensure an optimal mix of style, high performance and
efficiency that transform your bath into a harmonic and invigorating home spa
oasis.
All our La Peninsule bathrooms offer designer range tapware and sanitary ware
Furniture Packs
One of the easiest and most cost
effective ways to furnish your property is with a furniture pack. Typically
each furniture pack consists of a range of essential property furniture items
such as a bed, wardrobe, dining table and chairs, coffee table and occasional
table. All the components are co-ordinated to ensure a look of tasteful
consistency. Everything is designed to reflect today's lifestyle
needs.
Our furniture is sourced directly
from reputable and renowned designers; our packs are highly competitive and
often cheaper than the equivalent high street options.
There are 3 different styles
available so you will be able to choose your favorite pieces
and personalize the look of your residence
to suit your own style.
Our team manages the
logistics of delivering and fitting all products and ensuring they
are ready for use. This includes hanging frames, fitting all interior and
exterior lighting, curtains, bedding, electrical goods, placing knives and
forks in their drawers and even tuning the TV! After installation, we
also ensure that all elements of the project have been carried
out successfully and to your requirements. A full set of digital
photographs is taken of the finished project and sent to
you should you not be in the country at the time of
delivery, providing you with complete peace of mind.
Property
Features
Air conditioningInternetUse of poolCable TVTerraceHi-FiBeachBalconyParquetToasterMicrowaveBeddingHeatingSmoking allowedCoffee potRoof terraceGarage
Luxury Properties in Mauritius with Residence Permit
Buying a property in Mauritius
Sales Representative: Mrs. Devianee Appanah
Email: devianee@bluelpm.com
Mobile: +230 5259 0870
Non-national must adhere to at least
one of the following criteria to be able to buy a property:
1. Buyer should have Mauritian
nationality
2. Buyer should be married to a
Mauritian under the legal system of Community of Goods and Property.
3. Buyer should buy properties under
RES/IRS schemes.
Earlier non-national were not
permitted to purchase property in Mauritius. However with latest changes in
legislation In 2002 the Mauritian Government decided to open the market to
foreign buyers on a restricted basis through RES and IRS, which permits the
building and sale of luxury residential units to foreigners in specific
locations. Non-nationals are now allowed to acquire residential property in
Mauritius under special schemes known as the Integrated Resort Scheme (IRS) and
the Real Estate Scheme (RES).
Buying through IRS scheme
automatically grants the purchaser a residence permit
In order to acquire residency, the
buyer should buy a residential property bought within a RES for the minimum
price of USD 500,000
However, acquirers of a residence
under the RES /IRS can apply for residency under any of the 4 existing
conditions:
- as an investor
- as a professional
- as a self-employed
- or as a retired non-citizen.
RES (Real Estate Scheme)
The Real Estate Scheme is a regime
under which foreign buyers (non-national) can own or invest profitably in a
villa or apartment in Mauritius. It was introduced under the Investment
Promotion Act and Investment Promotion (Real Estate Development Scheme)
Regulations 2007.
*A RES framework consist of property
developments of smaller scale than IRS projects.
* Non-residents of Mauritius can
acquire a RES property.
* A residential property may be
acquired from a RES company by:
- a citizen of Mauritius;
- a non-citizen;
- a local or foreign company
incorporated under the Companies Act;
- a société; or a trust.
Entities holding a Global Business
Licence cannot acquire property under the RES.
* The development has to be 1 acre
at least and not exceeding 10 hectares.
* Under the RES, villas and other
residential properties can be sold freehold.
* There is no restriction on the
minimum amount of investment in the acquisition of a residential property under
the RES (no minimum price)
* The acquisition price of the RES
has to be at least USD 500,000 to enable the owner and his dependents to get
residency.
* Development of residential units
on freehold land of at least 1 arpent but not more than 10 hectares (23.69
arpents). The extent of land that may be used for the development of a single
residential property, other than for an apartment or a penthouse, under the RES
must not exceed 0.5276 hectare (1.25 arpents).
* Land transfer tax of 5% is payable
by the RES company on the value of the property sold.
* A registration duty of USD 25,000
is payable by the purchaser
* Board of Investment Application
Fee, which is currently MUR10,000.
IRS (Integrated Resort Scheme)
The Integrated Resort Scheme (IRS)
is a designed to facilitate the acquisition of residential property by
foreigners in Mauritius. The IRS is a project for the development and sale of
luxurious residential units to non-nationals.
* At least USD 500,000 (excluding
taxes) has to be invested to acquire residential property
* Development of luxury residential
units on freehold land of more than 10 hectares (23.69 arpents).
The extent of land that may be used for the development of a single residential
property, other than for an apartment or a penthouse, under the IRS must not
exceed 0.5276 hectare (1.25 arpents).
* Land transfer tax of 5% is payable
by the IRS company on the value of the property sold.
A registration duty of USD 70, 000 or 5% of the value of the property whichever
is the higher, is payable by the purchaser
* Board of Investment Application
Fee, which is currently MUR10,000.
* A residential property may be
acquired from a IRS company by:
- a citizen of Mauritius;
- a non-citizen;
- a local or foreign company
incorporated under the Companies Act;
- a société; or a trust.
Entities holding a Global Business
Licence cannot acquire property under the IRS.
* The Integrated Resort Scheme
provides:
- For the development of luxurious residential units, on freehold land of more
than 10 hectares, to be sold at a price exceeding USD 500,000.
- High-class leisure and commercial amenities and facilities intended to
enhance the residential units. These may include but not limited to, golf
course, marina, nautical and other sport facilities, shopping mall, restaurant
and wellness centre. - Day-to-day management services such as security,
maintenance, gardening, solid waste disposal and household services have to be
provided to the residents.
- For a social contribution in terms of social amenities, community development
and other facilities for the benefit of the community.
Just 100 metres from the powdery sand and crystalline waters of Mont Choisy
beach, the elegance of these stunning contemporary apartments is a keynote
statement of Stefan Antoni's understated aesthetic. With
spacious interiors opening onto view decks and terraces, these two and three
bedroom apartments and penthouses are arranged in intimate blocks around four
massive swimming pools to which Stefan Antoni has added cabana pavilions to
create magical and intimate holiday spaces.
When you buy a La Peninsule
apartment at Mont Choisy, you have the privilege of
making your own personal choice of finishes from a variety
of products of different textures and colour!
Moreover, during your visit to our showroom, you will be assisted by one
of our interior designers through a wide range of samples
that will inspire you in your selection of
finishes. This unique service is completely free of charge and allows
you to completely customize your apartment.
The
standard features and finishes
The choices of finishes and
combinations are endless thus allowing you, with the assistance of our team of
interior designers, to create your dream residence.
Kitchen
Contemporary sleek modern Euro-Style designs with
designer selected cabinet finishesChoice of designer selected granite countertopsChoice of designer selected ceramic tile backsplashChoice of engineered laminate flooring or ceramic tile
as per floor plansStainless Steel appliancesUndermount stainless steel sink and single
lever faucet with convenient pullout sprayDesigner selected ceiling mounted LED light fixture
The Bathroom
Contemporary European Style bathroom
with great finishes to ensure an optimal mix of style, high performance and
efficiency that transform your bath into a harmonic and invigorating home spa
oasis.
All our La Peninsule bathrooms offer designer range tapware and sanitary ware
Furniture Packs
One of the easiest and most cost
effective ways to furnish your property is with a furniture pack. Typically
each furniture pack consists of a range of essential property furniture items
such as a bed, wardrobe, dining table and chairs, coffee table and occasional
table. All the components are co-ordinated to ensure a look of tasteful
consistency. Everything is designed to reflect today's lifestyle
needs.
Our furniture is sourced directly
from reputable and renowned designers; our packs are highly competitive and
often cheaper than the equivalent high street options.
There are 3 different styles
available so you will be able to choose your favorite pieces
and personalize the look of your residence
to suit your own style.
Our team manages the
logistics of delivering and fitting all products and ensuring they
are ready for use. This includes hanging frames, fitting all interior and
exterior lighting, curtains, bedding, electrical goods, placing knives and
forks in their drawers and even tuning the TV! After installation, we
also ensure that all elements of the project have been carried
out successfully and to your requirements. A full set of digital
photographs is taken of the finished project and sent to
you should you not be in the country at the time of
delivery, providing you with complete peace of mind.
Property
Features
Air conditioningInternetUse of poolCable TVTerraceHi-FiBeachBalconyParquetToasterMicrowaveBeddingHeatingSmoking allowedCoffee potRoof terraceGarage