Foreigners Oportunities > Acquire in Mauritius

The Integrated Resort Scheme(IRS) enables foreigners to purchase luxury villas of international standards, with infrastructure and up-market facilities, which can include golf courses, marinas, individual swimming pools, restaurants, sports complexes and fitness centers, depending on the project.

The IRS is one of two schemes under which a foreign national is authorised to buy property in Mauritius. Buying property in an IRS development automatically entitles the buyer to residency in Mauritius.

Conditions applicable to buyers

According to the current law, IRS properties must be sold at a minimum price of US $500 000. 

Residence permit under the IRS scheme

Any person purchasing an IRS property is automatically entitled to permanent residency, as well as his (her) spouse and any dependants. The residence permit granted under the IRS system will remain valid for as long as the holder maintains ownership of the property.

Steps to be followed by a foreign investor regarding business
Foreigners must first register as investors with the Board of Investment ( BOI).

An application, duly filled in and signed, must be submitted to the BOI, in the name of the foreign company, with the following documents:

• A plan indicating the surface area and the exact location of the building.             
• A certificate outlining the reasons behind this application.
• The purchase price and a report delivered by an approved evaluator.

Who can apply to buy an IRS villa?

• An investor (including his/her spouse and dependants).
• A foreign company incorporated under the Companies Act 2001.
• A Mauritian citizen
• A company incorporated under the Companies Act 2001.

Pour plus d'informations sur les IRS, consulter le site de la BOI: http://www.investmauritius.com/BOI_Fr/

Real Estate Scheme said RES is the second regime under which a foreign national can invest. The statutory frame of RES is inspired by that of the IRS. He aims however at more reduced surfaces of development, 1 acre at least and not exceeding 10 hectares.

The conditions applicable to the buyers

A place of residence under the said regime RES is subject to no minimal price but does not confer the right to live in Maurice. The persons purchasing a place of residence RES can, if they wish it, make a demand of licence of place of residence in conformance with the other capacities foreseen for that purpose, that is as investor, as professional employed Or established in his own account or still as pensioner wishing to live in Mauritius.

Who can apply to buy a villa RES?

The following, physical or moral persons, can purchase a place of residence with a company RES:

a)     A national of foreign nationality

b)     A person of Mauritian nationality

c)     A company registered as a foreign company under the law " Companies Act on 2001 "

d)     A company incorporated under the law " Companies Act on 2001 "

e)     A society of persons of which the act of constitution will have been deposited with " Registrar of Companies ' '

f)      A " trust " the fidéicommissaire of which is duly authorized by " Financial Services commission"

Note: a company holder of a certificate "Global Business" emitted under the law " Financial Services Act 2007 " is not authorized to go buyer of an immovable property under the regime RES. 

Please find on this link the directives of the BOI for a RES: Directives BOI RES