“Mauritius offers to potential investors the possibility to acquire property or take up residency in a versatile, potentially tax advantageous jurisdiction through the investment of at least USD 500,000 in a qualifying business activity or the various Schemes offered by the Government of Mauritius.
The Property Development Scheme (PDS) which has replaced both the Integrated Resort Scheme (IRS) and Real Estate Scheme (RES) is a scheme for the construction and sale of luxury villas to foreigners, citizens of Mauritius as well as members of the Mauritian Diaspora. The acquisition of a villa under the Scheme grants resident status to the investor, his spouse and dependants. Individuals and corporate entities can also apply to buy a villa under the PDS.
The Invest-Hotel Scheme (IHS) is designed to enable developers to finance the development of a hotel project by allowing them to sell hotel rooms, villas, suites or any other part of a hotel to individual buyers. The full freehold ownership of the private units is passed to the respective owners whilst the common units are collectively owned in co-ownership.
The Smart City Scheme (SCS) is an economic development programme aimed at creating working, living and leisure space that will be environmental-friendly. The SCS provides an enabling framework and a package of attractive fiscal and non-fiscal incentives to investors for the development of smart cities across the island, and the opportunity to non-citizens to acquire residency in Mauritius upon acquisition a residential property from a Smart City Company.
We advise real estate and hotel promoters, tourist enterprises and other stakeholders in the tourism sector.
We also provide legal assistance in connection with the various Schemes mentioned above, and to foreigners who wish to acquire Mauritian resident status.”