Mauritius is the heart of the Indian ocean and it is the best holiday destination. Mauritius has a good real estate market that has earned a good reputation internationally. In the real estate sector, tax relaxation has made a superb choice to invest in Mauritius. Buy property in Mauritius for foreigners to invest in the real estate sector. The real estate sector is safe and secure for investment in Mauritius.
1- Property Development System
The property development scheme has made it possible for foreigners to invest in the real estate sector. This property development system that is based on PDS enables the non-Mauritius to buy property under this scheme. The property development scheme has replaced all other schemes that are a great opportunity for foreigners to invest in the real estate sector in Mauritius. Five percent registration fee allocation makes this scheme favorable for small and big investors for investment in the real estate sector. The property development scheme has brought all rules and regulations in one system that are applied to a foreigner for investment in Mauritius.
2- Conditions Applied by PDS
The Board of investment has approved PDS through which foreign investors can invest in the real estate sector. There is no implication of necessary occupation permit or residence permit for investment in real estate in Mauritius. There are some conditions that apply to foreigners for investment in the real estate sector.
The development of six high-quality luxury residential units where high-level public space must be present for social interaction at the community level. The residential unit must be designed to fulfill all the necessary recreational activities. The commercial facilities must be present in a residential area to fulfill the needs of residents. Safe and secure management services for community development must be available in the real estate units. In the real estate sector, the luxury residential unit formation conditions apply to buy property in Mauritius for foreigners.
3- Steps Involved in Buying Residence
Approval of the Board of investment is required for foreigners to buy any land to build these luxury residential units in Mauritius. This agreement can only be submitted by a company approved by PDS to the board of investment online by using a property management system. Notarize the copy of passport pages, bank statement, residential application and notarized copy of necessary birth certificate are required to proceed the whole procedure in this regard.
Conclusion
After the Processing time of three to five days, it is necessary that the applicant manages to open a bank account in Mauritius bank to buy the Mauritius property for sale at the beachfront.