RES price and Mauritius

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Targeting a broader customer base, RES units do not have a minimum selling price as opposed to IRS. Nonetheless, if a RES unit worth more than 500 000 USD (approx. 370 0000 euros) is acquired, the buyer is eligible to apply for a Mauritian Residence Permit, given that he fulfills the required criteria. The permit is valid for 3 years and after after that period, he may apply for a permanent residence permit renewable after a 10-year period.

Registration fees for RES units are set at 25 000 USD (approx, 22 000 euros) or 5% of the selling price, whichever is higher.

Selling a RES unit

A RES unit may be sold either on the basis of a plan, during the construction phase or when the construction is completed. When acquisition of a RES unit is made on the basis of a plan or during the construction phase, the contract shall be governed by the provisions of a "vente à terme"or "la vente se fait selon la Vente en l’état futur d’achèvement (VEFA)", as the case may be, in accordance with the provisions of the Code Civil Mauricien.

Who can buy a RES unit in Mauritius?

  • A non-citizen of Mauritius
  • A citizen of Mauritius
  • A company registered as a foreign company under the Company Act 2001
  • A société, where its deed of formation is deposited with the Registrar of Companies
  • A trust, where the trusteeship services are provided by a qualified trustee (management company or such other person resident in Mauritius) licensed by the Financial Services Commission

    Important :
    A company holding a Category 1 Global Business License as defined under the Financial Services Act 2007 may acquire a residential property under the RES scheme.
  1. The RES Concept
  2. RES price and Mauritius
  3. Administrative and legal procedures for the acquisition of a RES unit
  4. Tips and advices for the purchase of a RES unit

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