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Whether for work, retirement, or relocation, Mauritius offers the epitome of luxury living. Find your dream home with The Agency Property Group – your luxury real estate specialists.
Acquiring a Property in Mauritius
Integrated Resorts Scheme (IRS)
Launched in 2001, the IRS is a luxury residential program, attracting foreign direct investments to Mauritius. Under IRS, foreigners can purchase freehold properties with a minimum investment of USD 375,000 (excluding taxes). The IRS is renowned for its integration of luxury living with resort-style amenities. Foreigners investing in IRS properties gain permanent residency and tax benefits. These properties are typically located within well-established integrated resorts, offering residents access to world-class golf courses, spas, private beaches, and exclusive clubhouses.
Real Estate Scheme (RES)
Introduced in 2007, the RES scheme promotes investment in more affordable projects, with fewer restrictions than IRS. There is no minimum sale amount, and residence permits are not automatically granted. However, for a residence permit, the property investment must exceed USD 375,000. Existing permit holders can invest in RES properties as secondary homes or for rental purposes. Unlike IRS, RES properties are located in diverse regions across the island, offering more flexibility in location and size.
Property Development Scheme (PDS)
Launched in 2016, the PDS scheme simplifies property acquisition for foreign investors by combining the best elements of IRS and RES. PDS allows the purchase of luxurious residential properties, granting non-citizens eligibility for residence permits for themselves and their families if the investment exceeds USD 375,000 or its equivalent. Residence permit holders can also acquire serviced plots of land within PDS developments. PDS properties can be used for personal use, rental income, or a combination of both. This scheme provides flexibility and is a popular choice for both investors and lifestyle buyers.
Ground +2 Projects
The Ground +2 Scheme is unique in that it allows foreigners to invest in apartments built on freehold land. These apartments are typically within small-scale developments, offering a more affordable entry into the Mauritian real estate market. Foreigners can invest in apartments within Ground +2 developments with prior approval from the Economic Development Board. The apartment's purchase price must not be less than MUR 6 million, while the minimum investment for residency is USD 375,000.
Smart City Scheme
Launched in 2015, the Smart City Scheme encompasses mixed-use property developments with office, residential, commercial, educational, medical, and leisure components. It's open to individuals, foreign companies, trusts, and permit holders, allowing the acquisition of residential units or serviced plots of land within these smart city zones. These developments prioritize modern infrastructure and eco-friendly practices, making them ideal for professionals and entrepreneurs looking for innovative urban living.
Senior Living Residence
Projects under the Senior Living PDS scheme cater specifically to individuals aged 50 and above who desire independent living within a community of peers. These projects offer recreational and social facilities, including clubhouses, health clubs or gyms, and dedicated management services tailored to the needs of seniors. Retirees who are non-citizens and aged 50 or above have the option to acquire a residential unit or life rights in an approved project. There is no minimum acquisition price, and retirees can apply for a residence permit for themselves and their spouse or common-law partner, valid as long as they own or occupy the property.
BENEFITS OF BUYING PROPERTY IN MAURITIUS
Residency
Tax Benefits
Quality of Life
& Universities
Healthcare
& Mauritius
Beaches
Golf Courses