Why are people buying property in Mauritius?

Mauritius is a tropical island offering white sandy beaches, a stable economy, low taxation, and a high standard of living. With an attractive property market and government incentives for foreign investors, it’s become a top destination for real estate investment.

Can Foreigners Buy Property in Mauritius?

Yes, foreigners can legally purchase property in Mauritius, but only within specific government-approved schemes:

Integrated Resort Scheme (IRS)

Real Estate Scheme (RES)

Property Development Scheme (PDS)

Smart City Scheme (SCS)

Ground+2 Apartments (units in developments with at least two floors)

These schemes are designed to ensure transparency and high-quality developments while opening the door to international investment.

Residency & Visa Implications

Foreign buyers purchasing a property worth USD 375,000 or more under the IRS, RES, PDS, or Smart City Scheme are eligible for Permanent Residency for themselves and their immediate family, valid for as long as they own the property.

Buyers do not need a visa to purchase property but may require a residence permit if they intend to live in Mauritius. This permit is typically granted upon qualifying property purchase.

What Are the Legal Requirements?

Purchasing property in Mauritius involves several steps:

Letter of Intent & Reservation

A reservation agreement is signed and a deposit (usually 10%) is placed in an escrow account.

Due Diligence & KYC Checks

Compliance checks and documentation review by the Economic Development Board (EDB).

Approval from the EDB

This is mandatory for all foreign buyers and typically takes 2–3 weeks.

Notary Review & Deed of Sale

A local notary finalises the deed of sale once all approvals are granted.

How Long Does the Buying Process Take?

The entire legal process—from reservation to final ownership—typically takes 8 to 12 weeks, depending on due diligence and approval timelines.

What Are the Costs Involved?

1. Registration Duty / Transfer Tax

5% of the property value is payable as a one-time registration duty.

2. Notary Fees

Notary fees are regulated and typically cost 1%–2% of the purchase price.

3. Agency Fees

Usually 2%–3%, paid by the buyer unless otherwise agreed.

4. Property Insurance

Building insurance is recommended and costs roughly 0.25%–0.5% of the property’s value annually.

5. Ongoing Taxes

No capital gains tax

No inheritance tax

No property tax

Some developments may charge a syndic or maintenance fee, which varies.

Why Work With a Trusted Agent?

At Worldwide Dream Properties, we help guide you through every step of buying property in Mauritius—from finding the right home or villa to navigating legal requirements. We work only with reputable developers and legal professionals to ensure a smooth, stress-free process.

Frequently Asked Questions

Q: Can I rent out my property when I'm not using it?

Yes, many properties in resort-style developments offer rental management programs.

Q: Can I buy land and build a home?

Foreigners are not allowed to purchase undeveloped land unless it is part of a government-approved development.

Q: Are there financing options available for foreign buyers?

Yes, some Mauritian banks offer mortgage options to non-residents.

Q: Is the title deed freehold or leasehold?

Most properties sold under investment schemes are freehold.

Final Thoughts

Buying property in Mauritius is a straightforward and rewarding process when you work with an experienced team. The island’s stable political climate, strong legal system, and residency opportunities make it an ideal investment location.

Let Worldwide Dream Properties be your trusted partner in finding your dream home or investment on this paradise island.

Disclaimer:

This blog post is intended for general informational purposes only. While we strive for accuracy, regulations and tax laws may change. We recommend consulting a qualified legal or financial advisor before making any decisions. Worldwide Dream Properties cannot be held responsible for any inaccuracies or changes after the time of writing.

Leila Porter Grant

(Director, Barbados Dream Properties | Former UK Lawyer )

Leila Porter Grant is Director of Worldwide Dream Properties Ltd and a former UK-qualified lawyer with extensive experience advising international buyers on property acquisition, relocation, and investment in Barbados.

With deep market knowledge and on-the-ground insight, Leila provides trusted guidance to clients seeking luxury homes and lifestyle opportunities in the Caribbean.