Mauritius is one of the most attractive destinations for foreign real estate investors due to its stable economy, investor-friendly policies, and high rental returns. The government has created several legal frameworks to ensure that foreign investors can buy property with full ownership rights under regulated schemes.
However, investing in a foreign country comes with legal considerations, and it is essential to understand the property laws, eligibility criteria, and investment schemes before purchasing real estate in Mauritius.
In this guide, we break down Mauritius property laws for foreign investors, key regulations, and how Cobert Holdings can help you navigate the process smoothly.
1. Can Foreigners Buy Property in Mauritius?
Yes, foreigners can buy property in Mauritius, but only under specific government-approved schemes. These schemes ensure that property investment is secure, transparent, and beneficial for both the investor and the local economy.
Foreigners can own freehold property and even qualify for residency by investing in real estate under approved investment programs.
2. Approved Property Investment Schemes for Foreigners
Mauritius has introduced various property investment schemes that allow foreigners to legally purchase real estate.
✔ Property Development Scheme (PDS)
- Designed for luxury residential developments.
- Foreign investors can buy properties with full ownership rights.
- A minimum investment of $375,000 qualifies the buyer for permanent residency.
- Focuses on eco-friendly and sustainable developments.
✔ Integrated Resort Scheme (IRS)
- Designed for large-scale luxury resorts with villas and apartments.
- Buyers gain access to premium services like golf courses, private beaches, and spas.
- A minimum investment of $375,000 grants residency rights.
✔ Real Estate Scheme (RES)
- Similar to the IRS but for smaller-scale developments.
- No minimum investment requirement, but residency is only granted if the investment is above $375,000.
✔ Smart City Scheme
- Focuses on developing modern urban spaces with residential, commercial, and business hubs.
- Foreign investors can buy apartments, offices, or retail spaces.
- Supports sustainable and tech-driven urban living.
✔ Ground Plus Two (G+2) Apartments
- Foreigners can buy apartments in buildings with at least two floors (G+2).
- Minimum investment of MUR 6 million (approx. $135,000).
- Ideal for rental income and capital appreciation.
These schemes ensure legal protection for investors and provide clear property ownership rights.
3. Legal Considerations for Foreign Buyers
Before buying property in Mauritius, foreign investors must comply with specific legal requirements.
✔ Land Ownership Restrictions
Foreigners cannot buy land in Mauritius unless it falls under an approved scheme. Most foreign-owned properties are in designated developments, ensuring a regulated investment environment.
✔ Approval from the Economic Development Board (EDB)
All property purchases by foreigners must be approved by the Economic Development Board (EDB) of Mauritius. This ensures that the investment aligns with national real estate policies.
✔ Payment in Foreign Currency
Foreign investors must make payments in foreign currency, ensuring transparency and compliance with foreign exchange laws.
✔ Leasehold vs. Freehold Property
- Most properties under investment schemes are freehold, meaning full ownership.
- Some properties, especially in certain coastal areas, may be leasehold, requiring renewal after a fixed period.
✔ Residency & Work Permits
- Property owners investing over $375,000 under PDS, IRS, or RES schemes qualify for permanent residency.
- Residency permits can be extended to the investor’s spouse and dependents.
- Property owners can live in Mauritius but require a work permit if they wish to work or run a business.
4. Taxes & Fees for Foreign Property Buyers
Mauritius offers attractive tax benefits, but there are some legal fees and charges involved in buying property.
✔ Property Registration & Notary Fees
- Registration duty: 5% of the property value.
- Notary fees: Around 1%–2% of the purchase price.
- EDB application fee: $10,000 (for residency-qualifying investments).
✔ Tax Benefits for Foreign Investors
✅ No capital gains tax – Profits from property sales are tax-free.
✅ No inheritance tax – Assets can be passed to heirs without additional taxation.
✅ 15% flat income tax – Applies to rental income and business operations.
Mauritius’s low-tax environment makes it an excellent location for long-term investment.
5. The Role of Cobert Holdings in Mauritius Real Estate
Navigating the legal and financial aspects of Mauritius’ real estate can be challenging for foreign investors. Cobert Holdings simplifies the process by offering:
✅ Legal guidance – Ensuring compliance with property laws and regulations.
✅ Access to exclusive listings – Offering premium PDS, IRS, and Smart City properties.
✅ Residency assistance – Helping investors secure residency permits through property investment.
✅ Seamless transaction support – Handling all paperwork, permits, and approvals.
With years of expertise in the Mauritius real estate market, Cobert Holdings provides end-to-end solutions for international investors, ensuring a smooth and secure property purchase experience.
Conclusion
Mauritius has one of the most transparent and investor-friendly real estate markets, allowing foreigners to legally own high-value properties through government-approved schemes. By understanding the legal framework, investment requirements, and tax benefits, investors can make profitable and secure real estate decisions.
Whether you’re looking for a second home, rental investment, or permanent residency, Mauritius offers a wealth of opportunities. With the expertise of Cobert Holdings, you can confidently invest in prime properties and enjoy long-term financial benefits in this tropical paradise.
Looking to invest in Mauritius real estate? Contact Cobert Holdings today for expert guidance and exclusive property listings!