Frequently Asked Questions

Buying Property in Mauritius with Edenrock

Welcome to Edenrock’s Property FAQ!
Whether you’re a seasoned investor or a first-time homebuyer, we’re here to guide you through the exciting journey of investing in Mauritius. Discover why Mauritius is a prime destination, learn about our unique schemes, and explore the lifestyle that awaits you on this beautiful island.

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Getting Started with Property Investment in Mauritius

What makes Mauritius a unique destination for property investment?

Mauritius is a gem for property investors, known for its political stability, dynamic economy, and vibrant cultural diversity. Imagine living in a place where the government supports your investment with friendly policies, while you enjoy a blend of Indian, African, European, and Chinese cultures. Plus, the island offers significant tax advantages, including no inheritance or capital gains taxes, making it financially attractive.

Can noncitizens purchase property in Mauritius?

Absolutely! Non-citizens can invest through various real estate investment schemes specifically tailored for international investors. These include the Property Development Scheme (PDS) and the G+2 scheme.

What is G+2?

The G+2 scheme democratises property ownership, enabling noncitizens to buy apartments in buildings with at least two floors above ground. These properties offer modern amenities in strategic locations, making them ideal for generating rental income and providing a less capital-intensive investment option.

What is the Property Development Scheme (PDS)?

The Property Development Scheme (PDS) allows for the development of luxury residential properties that integrate leisure, commercial, and communal facilities. Non-citizens can purchase residential units under the PDS with a minimum investment of USD 375,000. This scheme offers high-end properties, often with amenities such as swimming pools, golf courses, and wellness centres, making it ideal for those seeking a luxurious lifestyle or a profitable investment.

How do I start the process of buying property in Mauritius?

Begin by exploring the different property schemes and selecting the one that suits your needs. Engage with Edenrock’s expert team for personalised consultations and property tours. We’ll guide you through each step, from choosing a property to finalising the purchase.

What types of properties are available for purchase through Edenrock?

Edenrock offers a range of properties, including luxury apartments, penthouses, and commercial spaces. Our developments are strategically located to provide both convenience and scenic beauty, ensuring you find the perfect property to meet your needs.

Financial Considerations and Opportunities

Can non-residents obtain a loan to purchase a property in Mauritius?

Yes, non-residents can secure loans from local or international banks. These institutions offer competitive mortgage rates tailored to your investment needs. Just prepare your financial documents and let Edenrock guide you through the process.

Who can buy property in Mauritius?

Eligibility to purchase property extends to:

– Natural persons (citizens and noncitizens)

– Companies incorporated under the Companies Act

– Sociétés with deeds of formation deposited with the Registrar of Companies

– Limited partnerships under the Limited Partnerships Act

– Trusts with qualified trustees

– Foundations under the Foundations Act

What are the tax advantages for property owners in Mauritius?

Enjoy no capital gains tax and no inheritance tax, plus a flat 15% income tax on rental income. Mauritius also has double taxation agreements with many countries, reducing your global tax liability.

Are there any hidden costs associated with buying property in Mauritius?

While Mauritius offers many financial advantages, buyers should also be aware of additional costs such as notary fees, registration fees, and maintenance fees for certain properties. Edenrock provides a transparent breakdown of all costs involved in the buying process.

What financial planning tips can help maximise my property investment in Mauritius?

To maximise your property investment in Mauritius, consider the following tips:

  1. Engage with a Financial Advisor: A financial advisor can provide tailored advice to help you plan your investment effectively, considering your financial goals and risk tolerance.
  2. Diversify Your Investment Portfolio: Diversifying your investments can reduce risk and increase potential returns. Edenrock offers a range of property types and locations to help you build a balanced portfolio.
  3. Understand the Local Market: Stay informed about the local real estate market trends. Edenrock provides in-depth market insights and analysis to help you make informed decisions.
  4. Leverage Tax Advantages: Take advantage of Mauritius’ tax-friendly environment. Edenrock’s experts can guide you through the tax benefits available, such as no capital gains tax and no inheritance tax, to enhance your investment returns.

5. Utilise Edenrock’s Expertise: Our team at Edenrock is dedicated to helping you find the best investment opportunities. From personalised consultations to ongoing market updates, we ensure you have the information and support needed to maximise your property investment.

Residency through Investment

What types of residency permits are available for property investors in Mauritius and how do I qualify?

Invest USD 375,000 or more in property under the Property Development Scheme (PDS) or G+2 scheme to qualify for a residence permit. This permit covers your spouse, dependent children up to age 24, and dependent parents. The permit is valid as long as you own the property. For more detailed information, please visit https://www.edbmauritius.org/

How does owning a fractional share in a property relate to obtaining residency in Mauritius?

Fractional ownership can qualify for residency if your share meets the USD 375,000 threshold, offering a more affordable entry into the market. This type of ownership allows you to invest in a portion of a high-value property and enjoy the associated residency benefits.

Can I apply for permanent residency in Mauritius through property investment?

Yes, after three years of continuous residency in Mauritius with a valid residence permit, you may apply for a Permanent Residence Permit. This permit allows you to reside in Mauritius on a long-term basis and provides several benefits. To qualify, you must maintain your property investment and meet specific conditions set by the authorities.

Permanent residency is particularly advantageous as it offers the freedom to live and work in Mauritius without the need for renewal of your residence permit every few years. This stability can be especially appealing to investors looking for a long-term commitment to the island. Moreover, a Permanent Residence Permit extends to your spouse and dependent children up to age 24, ensuring that your family can also enjoy the benefits of living in Mauritius.

Maintaining your property investment involves ensuring that the property continues to meet the investment criteria set by the Economic Development Board (EDB). It’s also important to stay informed about any changes in regulations that might affect your residency status.

For more detailed information and to ensure you meet all the necessary requirements, please visit https://www.edbmauritius.org/

What benefits do residency permits offer for investors?

Residency permits provide several benefits, including the right to live, work, and retire in Mauritius. Permit holders also enjoy the island’s favourable tax regime, high-quality healthcare, excellent educational facilities, and a high standard of living.

Are there any special considerations for family members when applying for residency?

Yes, the residency permit extends to your spouse, dependent children up to age 24, and dependent parents. This ensures that your entire family can benefit from living in Mauritius with you.

What is the process for renewing a residency permit?

Residency permits are typically valid as long as you maintain ownership of the qualifying property. Renewal involves demonstrating continuous ownership and adherence to any specific conditions outlined in the initial permit approval.

Navigating Property Ownership

Edenrock simplifies the process, from presenting a formal offer to signing the final deed of sale. Our dedicated agents and trusted notaries handle all legal and financial arrangements, ensuring a smooth transaction. The process includes due diligence, title verification, and compliance with local regulations.

What about transferring property titles in Mauritius?

A notary manages the transfer, verifying the title and ensuring no encumbrances. The process ends with the registration of the deed, officially transferring ownership to you.

How can I ensure the property I’m buying is legally compliant?

Edenrock ensures all properties are compliant with local laws and regulations. Our notaries conduct thorough due diligence, including title verification and compliance checks, to protect your investment.

What should I know about property insurance in Mauritius?

Property insurance is recommended to protect your investment from risks such as natural disasters, theft, and damage. Edenrock can assist you in finding reputable insurance providers that offer comprehensive coverage tailored to your needs.

What is the process for selling property in Mauritius?

Selling property involves several steps, including appointing a real estate agent, setting a competitive price, and negotiating with potential buyers. Once a buyer is found, a notary will handle the legal aspects of the sale, ensuring a smooth transfer of ownership.

Are there any restrictions on renting out my property in Mauritius?

No, property owners in Mauritius can rent out their properties to generate rental income. Edenrock offers rental management services to help you market your property, find tenants, and handle lease agreements and tenant needs.

Taxation and Fiscal Policies

What are the key tax considerations for property investors in Mauritius?

Benefit from no capital gains tax, no inheritance taxes, and a flat 15% income tax rate on rental income. Additionally, Mauritius’ double taxation agreements minimise global tax liabilities.

Can you provide more insight into capital gains and estate duties for property owners?

Mauritius offers significant fiscal benefits, including no capital gains tax on property sales and no estate duties. These policies facilitate estate planning and maximise investment returns.

What is the value-added tax (VAT) rate in Mauritius, and how does it affect property purchases?

The VAT rate in Mauritius is 15%, but most residential properties are exempt from VAT, which is a significant saving during the purchase.

Are there any tax benefits for retirees in Mauritius?

Yes, Mauritius offers several tax benefits that make it an attractive destination for retirees. One of the most significant advantages is the absence of capital gains tax, meaning that any profit made from the sale of property or other investments is not subject to taxation. This can significantly enhance your financial returns.

Additionally, Mauritius does not impose inheritance tax, allowing you to pass on your assets to your heirs without incurring additional tax burdens. This is a considerable benefit for estate planning, ensuring that your family can inherit your assets smoothly and without financial strain.

Retirees also benefit from a flat 15% income tax rate on any rental income generated from property investments. This is relatively low compared to many other countries and can make property investments more lucrative. The tax rate helps to maximise the return on your investment properties, whether you choose to rent them out long-term or as vacation rentals.

Furthermore, Mauritius has established double taxation agreements with numerous countries. These agreements prevent the same income from being taxed in both Mauritius and your home country, reducing your overall tax liability. This makes Mauritius not only a beautiful place to live but also a financially savvy choice for retirees looking to optimise their investment returns.

For more detailed information on the tax benefits available to retirees, please visit the [Economic Development Board (EDB) website] (https://www.edbmauritius.org).

How do double taxation agreements benefit property investors?

Double taxation agreements (DTAs) are treaties that Mauritius has established with numerous countries to prevent the same income from being taxed in both Mauritius and the investor’s home country. This helps to reduce the overall tax liability for international investors and makes Mauritius a more attractive destination for property investment.

Mauritius has double taxation agreements with the following countries:

– Australia

– Belgium

– Botswana

– China

– Cyprus

– France

– Germany

– India

– Italy

– Luxembourg

– Malaysia

– Mozambique

– Oman

– Singapore

– South Africa

– Sweden

– Thailand

– United Arab Emirates

– United Kingdom

– Zimbabwe

These agreements typically cover income taxes, capital gains taxes, and other taxes, ensuring that investors do not pay tax on the same income in both jurisdictions. For instance, if you earn rental income from your property in Mauritius, the DTA will help to ensure that this income is not taxed both in Mauritius and in your home country, thus maximising your returns on investment.

For more detailed information about double taxation agreements and how they apply to your situation, please visit the [Economic Development Board (EDB) website] (https://www.edbmauritius.org).

 

What are the key regulations for property tax in Mauritius?

Property tax regulations in Mauritius are straightforward, with the primary taxes being land transfer tax and annual property tax. Edenrock can provide detailed guidance on these regulations to ensure compliance and optimal tax planning.

How can I maximise my tax benefits as a property owner in Mauritius?

Engage with a tax advisor to take full advantage of Mauritius’ tax-friendly environment. Strategies may include leveraging double taxation agreements, planning for inheritance, and optimising rental income tax obligations.

Living in Paradise: Mauritius Lifestyle

What makes Mauritius an appealing place to live?

Experience a diverse lifestyle with family-friendly beaches, gourmet dining, cultural festivals, and outdoor adventures. Mauritius offers top-notch healthcare and education, making it perfect for families and retirees alike.

What is the climate like in Mauritius?

Mauritius has a mild tropical maritime climate, making it a desirable year-round destination. The island experiences two main seasons:

– Summer (November to April): During the summer months, the weather is warm and humid. Average daytime temperatures range from 24°C to 33°C. This season is ideal for beach activities, water sports, and enjoying the vibrant marine life. However, it is also the cyclone season, particularly between January and March, so occasional heavy rains and storms can occur.

– Winter (May to October): The winter months are cooler and drier, with average daytime temperatures ranging from 17°C to 25°C. This period is perfect for outdoor activities like hiking, exploring nature trails, and enjoying the scenic beauty of the island without the intense heat. The winter season also tends to be less humid, offering a more comfortable climate for those who enjoy outdoor activities.

Overall, Mauritius offers a pleasant climate throughout the year, with each season providing unique opportunities for different types of activities. Whether you prefer the warm, sunny days of summer or the cooler, mild weather of winter, Mauritius has something to offer for everyone.

What languages are spoken in Mauritius, and how does language diversity impact communication?

Mauritius is a melting pot of cultures, and this diversity is reflected in the wide array of languages spoken on the island. The main languages include:

– English: The official language of Mauritius, used in government, the legal system, and most official documents. It is also the primary language of instruction in schools.

– French: Widely spoken and used in the media, business, and daily communication. Many Mauritians are bilingual, speaking both French and English fluently.

– Creole: The most commonly spoken language at home and in informal settings. It is a French-based patois that is understood by almost everyone on the island.

– Other languages: Hindi, Bhojpuri, Mandarin, and Arabic are also spoken within various communities, reflecting the island’s rich cultural heritage.

If you speak French or English, you will have no problem being understood or getting around Mauritius. The linguistic diversity enhances cultural richness and makes it easier for newcomers to integrate and communicate effectively.

How does the healthcare system in Mauritius compare to international standards?

Mauritius boasts a robust healthcare system with both public and private sectors. The private healthcare facilities are equipped with advanced technologies and highly trained professionals, offering services comparable to those in Western countries at relatively affordable costs.

What educational opportunities are available for expatriates’ children?

Mauritius offers a variety of internationally recognised schools that cater to both English and French curricula. These institutions provide high standards in both academic and personal development, making it an attractive option for expatriate families.

West Coast

– West Coast International Primary School: Located in Cascavelle, this school offers a British curriculum and focuses on holistic education, emphasising both academic excellence and personal growth.

– École Paul et Virginie: Situated in Tamarin, this French school follows the French national curriculum and provides a high-quality education with a strong emphasis on language acquisition and cultural integration.

– Le Bocage International School: Located in Moka, although slightly inland, this school is accessible to families living on the West Coast. It offers the International Baccalaureate (IB) program, providing a rigorous and internationally recognised curriculum.

North

– Northfields International High School: Situated in Mapou, this school offers the Cambridge International Examinations (CIE) curriculum, preparing students for globally recognised qualifications. It focuses on developing critical thinking and leadership skills.

– International Preparatory School (IPS): Located in Grand Baie, IPS offers a British curriculum for primary education. The school emphasises creativity, critical thinking, and a strong foundation in core subjects.

– École du Nord: This French school in Grand Baie follows the French national curriculum, providing a high standard of education and fostering a multicultural environment.

In addition to these specific institutions, many of these schools offer a range of extracurricular activities, including sports, arts, and community service programs, ensuring a well-rounded education for expatriate children. The presence of these high-quality schools on the West Coast and in the north makes Mauritius an attractive destination for expatriate families seeking excellent educational opportunities for their children.

What recreational activities are available for residents?

Residents can enjoy a range of activities, including water sports, hiking, golf, and cultural festivals. Mauritius also offers various clubs and groups for sports, arts, and social activities, ensuring there is something for everyone.

How safe is Mauritius for residents and expatriates?

Mauritius is known for its low crime rate and political stability, making it a safe and secure destination for residents and expatriates. The local community is welcoming and friendly, further enhancing the sense of safety

What cultural experiences can I expect in Mauritius?

Mauritius is a melting pot of cultures, offering a rich tapestry of cultural experiences. From Indian festivals like Diwali to Chinese New Year celebrations, and the diverse cuisine, you’ll enjoy a vibrant and inclusive community. Additionally, the island hosts numerous music, dance, and art festivals that reflect its multicultural heritage.

Community and Leisure

How do I integrate into the local community in Mauritius?

Join local clubs and groups, participate in community events, and engage with your neighbours. Mauritius has a welcoming expatriate community, making it easy to form connections and feel at home. Participating in cultural festivals, attending social gatherings, and enrolling in local classes can also help you integrate more smoothly into the local community.

What are the best ways to meet other expatriates in Mauritius?

Meeting other expatriates can be facilitated by joining expatriate forums and social media groups, attending networking events, and participating in community activities. Organisations and clubs specifically for expatriates often host events and social gatherings, providing excellent opportunities to meet like-minded individuals.

What leisure activities are available for families?

Families can enjoy a variety of leisure activities, including visiting nature parks, beaches, and cultural sites. There are also numerous family-friendly events and attractions throughout the year, such as festivals, fairs, and sports events. Adventure parks, water parks, and interactive museums are also popular among families.

Retirement Planning in Mauritius

Who qualifies for retirement in Mauritius?

Non-citizens aged 50 or above can apply for a 10-year renewable residence permit. Eligibility requires transferring at least USD 1,500 monthly or an aggregate of USD 18,000 per year to a local bank. If you’re ready to enjoy a peaceful and vibrant retirement in Mauritius, contact Edenrock today to learn more about how we can assist you in making this beautiful island your new home.

What are the benefits of retiring in Mauritius for noncitizens?

Benefits include political and economic stability, a high quality of life, affordable healthcare, low cost of living, and attractive tax benefits such as no inheritance or capital gains tax.

What investment opportunities are available for retirees looking to move to Mauritius?

Retirees have a range of attractive investment opportunities in Mauritius. You can invest in luxurious properties, including high-end apartments and penthouses, which offer modern amenities and stunning views. Additionally, there are lucrative opportunities in the financial services sector, tourism, and emerging industries such as renewable energy and healthcare. These investments not only promise good returns but also contribute to a comfortable and sustainable lifestyle in Mauritius.

What is the state of healthcare in Mauritius?

Mauritius offers a robust healthcare system with both public and private sectors. The private sector is known for its high standards, advanced medical technology, and highly trained professionals. Healthcare costs are relatively affordable compared to North America and Europe, making it an attractive option for retirees and families.

Are there any special considerations for retirees moving to Mauritius?

Retirees should consider factors such as healthcare, cost of living, and community support when planning their move. Mauritius offers a welcoming environment with numerous amenities and services tailored to retirees’ needs, ensuring a comfortable and enjoyable retirement experience.

How can I plan my estate as a retiree in Mauritius?

Mauritius offers a favourable environment for estate planning with no inheritance tax. Engaging with legal and financial advisors can help you plan effectively, ensuring your assets are managed and transferred according to your wishes.

What lifestyle benefits can retirees expect in Mauritius?

Retirees can enjoy a relaxed lifestyle with access to beautiful beaches, world-class golf courses, and numerous cultural and recreational activities. The cost of living is relatively low, allowing retirees to enjoy a high standard of living without breaking the bank.

Can retirees work or start a business in Mauritius?

Yes, retirees can work or start a business in Mauritius if they obtain the necessary permits. The country offers various business opportunities and a supportive environment for entrepreneurs.

Comprehensive Support by Edenrock

How does Edenrock support property buyers from start to finish?

Edenrock offers a comprehensive support system to property buyers, ensuring a seamless and supportive experience from the initial inquiry to the final purchase and beyond. The process begins with personalised consultations to understand the buyer’s needs, preferences, and investment goals. Edenrock’s expert team provides detailed information on various properties, including insights into locations, amenities, and potential returns on investment.

What post-purchase support and services are available from Edenrock?

After the purchase, Edenrock continues to provide support to ensure that new homeowners are completely satisfied and well settled in their new properties. This post-purchase support includes property management services, which cover everything from maintenance and repairs to landscaping and security. For investors who are purchasing property as a rental investment, Edenrock offers rental management services, which include marketing the property, finding and vetting tenants, and handling lease agreements and day-to-day tenant needs.

Yes, Edenrock assists with all legal and financial arrangements, guiding buyers through the complexities of property acquisition in Mauritius. This includes facilitating connections with trusted notaries, legal advisors, and financial institutions to ensure all paperwork and transactions are completed accurately and efficiently. Edenrock’s hands-on approach helps to streamline the buying process, making it as stress-free as possible for the buyer.

How does Edenrock ensure transparency and trust in the property-buying process?

Edenrock prides itself on transparency and trust, providing detailed information and regular updates throughout the buying process. We ensure that all legal, financial, and regulatory requirements are met, protecting your investment and ensuring a smooth transaction.

Can Edenrock help me furnish and decorate my new property?

Yes, Edenrock offers interior design consultancy and can recommend local service providers to help you furnish and decorate your new property to your taste. We aim to ensure that your new home meets all your expectations and provides the comfort and luxury you desire.

Can Edenrock assist with selling my property in the future?

Yes, Edenrock can assist with selling your property. Our team of experts will help you market your property, find potential buyers, and manage the sale process to ensure a smooth and successful transaction.

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Sales – Alexandre Lenoir​
+230 5 479 2929

Sales – Derrick Mace
+230 5 423 5072

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