Acquisition of property in Mauritius

Mauritius has recently restructured the property laws in Mauritius paving the way for the introduction of a Smart City Scheme (SCS) and a Property Development Scheme (PDS).The SCS and PDS aims at consolidating the Mauritian International Business and Financial Hub by creating ideal conditions for non-citizens to work and live in Mauritius.

• The Property Development Scheme
  The Property Development Scheme (PDS) allows the development of a mix of residences and the programme is designed to facilitate the acquisition of residential property by non-citizens in Mauritius. A non-citizen is eligible for a residence permit upon the purchase of a villa under the PDS scheme when he has invested more than USD 500,000 or its equivalent in any freely convertible foreign currency.
  
  
• The Smart City Scheme
  The Smart City Scheme is an ambitious economic development programme aimed at consolidating the Mauritian international business and financial hub by creating ideal conditions for working, living and spurring investment through the development of smart cities across the island. The smart-city concept is about providing investors, nationals and foreigners, with options for living in sustainable, convenient and enjoyable urban surroundings
  
  Main features
  • Any person, any entity including foreign companies and trusts can acquire residential units in a smart city.
  • Any non-citizen acquiring a residential unit above USD 500,000 under the scheme is eligible to a residence permit for himself and his family.
  • No restriction on rental or resale of residential units.
  • Possibility for a retired person to acquire life rights under the Smart City Scheme.
  
  Mauritian Citizenship
  Under the Smart City Scheme, a non-citizen having held a residence permit for a minimum period of 2 years and having made an investment over USD 5 million in Mauritius may apply for Mauritian citizenship.