#154
1. Buyer should have Mauritian nationality
2. Buyer should be married to a Mauritian under the legal system of Community of Goods and Property.
3. Buyer should buy properties under RES/IRS schemes.
Earlier non-national were not permitted to purchase property in
Mauritius. However with latest changes in legislation In 2002 the
Mauritian Government decided to open the market to foreign buyers on a
restricted basis through RES and IRS, which permits the building and
sale of luxury residential units to foreigners in specific locations.
Non-nationals are now allowed to acquire residential property in
Mauritius under special schemes known as the Integrated Resort Scheme
(IRS) and the Real Estate Scheme (RES).
Buying through IRS scheme automatically grants the purchaser a residence permit
In order to acquire residency, the buyer should buy a residential
property bought within a RES for the minimum price of USD 500,000
However, acquirers of a residence under the RES /IRS can apply for residency under any of the 4 existing conditions:
- as an investor
- as a professional
- as a self-employed
- or as a retired non-citizen.
RES (Real Estate Scheme)
The Real Estate Scheme is a regime under which foreign buyers
(non-national) can own or invest profitably in a villa or apartment in
Mauritius. It was introduced under the Investment Promotion Act and
Investment Promotion (Real Estate Development Scheme) Regulations 2007.
*A RES framework consist of property developments of smaller scale than IRS projects.
* Non-residents of Mauritius can acquire a RES property.
* A residential property may be acquired from a RES company by:
- a citizen of Mauritius;
- a non-citizen;
- a local or foreign company incorporated under the Companies Act;
- a société; or a trust.
Entities holding a Global Business Licence cannot acquire property under the RES.
* The development has to be 1 acre at least and not exceeding 10 hectares.
* Under the RES, villas and other residential properties can be sold freehold.
* There is no restriction on the minimum amount of investment in the
acquisition of a residential property under the RES (no minimum price)
* The acquisition price of the RES has to be at least USD 500,000 to enable the owner and his dependents to get residency.
* Development of residential units on freehold land of at least 1
arpent but not more than 10 hectares (23.69 arpents). The extent of land
that may be used for the development of a single residential property,
other than for an apartment or a penthouse, under the RES must not
exceed 0.5276 hectare (1.25 arpents).
* Land transfer tax of 5% is payable by the RES company on the value of the property sold.
* A registration duty of USD 25,000 is payable by the purchaser
* Board of Investment Application Fee, which is currently MUR10,000.
IRS (Integrated Resort Scheme)
The Integrated Resort Scheme (IRS) is a designed to facilitate the
acquisition of residential property by foreigners in Mauritius. The IRS
is a project for the development and sale of luxurious residential units
to non-nationals.
* At least USD 500,000 (excluding taxes) has to be invested to acquire residential property
* Development of luxury residential units on freehold land of more than 10 hectares (23.69 arpents).
The extent of land that may be used for the development of a single
residential property, other than for an apartment or a penthouse, under
the IRS must not exceed 0.5276 hectare (1.25 arpents).
* Land transfer tax of 5% is payable by the IRS company on the value of the property sold. A registration duty of USD 70, 000 or 5% of the value of the property whichever is the higher, is payable by the purchaser
* Board of Investment Application Fee, which is currently MUR10,000.
* A residential property may be acquired from a IRS company by:
- a citizen of Mauritius;
- a non-citizen;
- a local or foreign company incorporated under the Companies Act;
- a société; or a trust.
Entities holding a Global Business Licence cannot acquire property under the IRS.
* The Integrated Resort Scheme provides: - For the development of
luxurious residential units, on freehold land of more than 10 hectares,
to be sold at a price exceeding USD 500,000. - High-class leisure
and commercial amenities and facilities intended to enhance the
residential units. These may include but not limited to, golf course,
marina, nautical and other sport facilities, shopping mall, restaurant
and wellness centre. - Day-to-day management services such as security,
maintenance, gardening, solid waste disposal and household services have
to be provided to the residents. - For a social contribution in
terms of social amenities, community development and other facilities
for the benefit of the community.Just 100 metres from the powdery sand and crystalline waters of Mont
Choisy beach, the elegance of these stunning contemporary apartments is a
keynote statement of Stefan Antoni's
understated aesthetic. With spacious interiors opening onto view decks
and terraces, these two and three bedroom apartments and penthouses are
arranged in intimate blocks around four massive swimming pools to which
Stefan Antoni has added cabana pavilions to create magical and intimate
holiday spaces.When you buy a La Peninsule apartment at
Mont Choisy, you have the privilege of making your own personal choice
of finishes from a variety of products of different textures and colour!
Moreover, during your visit to our showroom, you will be assisted
by one of our interior designers through a wide range of samples
that will inspire you in your selection of finishes. This unique service
is completely free of charge and allows you to completely customize
your apartment.
The standard features and finishes
The choices of finishes and combinations
are endless thus allowing you, with the assistance of our team of
interior designers, to create your dream residence.Kitchen
Contemporary sleek modern Euro-Style designs with designer selected cabinet finishesChoice of designer selected granite countertopsChoice of designer selected ceramic tile backsplashChoice of engineered laminate flooring or ceramic tile as per floor plansStainless Steel appliancesUndermount stainless steel sink and single lever faucet with convenient pullout sprayDesigner selected ceiling mounted LED light fixture
The Bathroom
Contemporary European Style bathroom
with great finishes to ensure an optimal mix of style, high performance
and efficiency that transform your bath into a harmonic and invigorating
home spa oasis. All our La Peninsule bathrooms offer designer range tapware and sanitary ware
Furniture Packs
One of the easiest and most cost
effective ways to furnish your property is with a furniture pack.
Typically each furniture pack consists of a range of essential property
furniture items such as a bed, wardrobe, dining table and chairs, coffee
table and occasional table. All the components are co-ordinated to
ensure a look of tasteful consistency. Everything is designed to reflect
today's lifestyle needs.
Our furniture is sourced directly from
reputable and renowned designers; our packs are highly competitive and
often cheaper than the equivalent high street options.
There are 3 different styles available
so you will be able to choose your favorite pieces and personalize the
look of your residence to suit your own style.
Our team manages the
logistics of delivering and fitting all products and ensuring they
are ready for use. This includes hanging frames, fitting all interior
and exterior lighting, curtains, bedding, electrical goods, placing
knives and forks in their drawers and even tuning the TV!
After installation, we also ensure that all elements of the project have
been carried out successfully and to your requirements. A full set of
digital photographs is taken of the finished project and sent to
you should you not be in the country at the time of
delivery, providing you with complete peace of mind.
Property Features
Air conditioningInternetUse of poolCable TVTerraceHi-FiBeachBalconyParquetToasterMicrowaveBeddingHeatingSmoking allowedCoffee potRoof terraceGarage
Luxury Property in Mauritius with Residence Permit
Buying a property in MauritiusSales Representative: Mrs. Devianee AppanahEmail: devianee@bluelpm.comMobile: +230 5259 0870Non-national must adhere to at least one of the following criteria to be able to buy a property:1. Buyer should have Mauritian nationality
2. Buyer should be married to a Mauritian under the legal system of Community of Goods and Property.
3. Buyer should buy properties under RES/IRS schemes.
Earlier non-national were not permitted to purchase property in
Mauritius. However with latest changes in legislation In 2002 the
Mauritian Government decided to open the market to foreign buyers on a
restricted basis through RES and IRS, which permits the building and
sale of luxury residential units to foreigners in specific locations.
Non-nationals are now allowed to acquire residential property in
Mauritius under special schemes known as the Integrated Resort Scheme
(IRS) and the Real Estate Scheme (RES).
Buying through IRS scheme automatically grants the purchaser a residence permit
In order to acquire residency, the buyer should buy a residential
property bought within a RES for the minimum price of USD 500,000
However, acquirers of a residence under the RES /IRS can apply for residency under any of the 4 existing conditions:
- as an investor
- as a professional
- as a self-employed
- or as a retired non-citizen.
RES (Real Estate Scheme)
The Real Estate Scheme is a regime under which foreign buyers
(non-national) can own or invest profitably in a villa or apartment in
Mauritius. It was introduced under the Investment Promotion Act and
Investment Promotion (Real Estate Development Scheme) Regulations 2007.
*A RES framework consist of property developments of smaller scale than IRS projects.
* Non-residents of Mauritius can acquire a RES property.
* A residential property may be acquired from a RES company by:
- a citizen of Mauritius;
- a non-citizen;
- a local or foreign company incorporated under the Companies Act;
- a société; or a trust.
Entities holding a Global Business Licence cannot acquire property under the RES.
* The development has to be 1 acre at least and not exceeding 10 hectares.
* Under the RES, villas and other residential properties can be sold freehold.
* There is no restriction on the minimum amount of investment in the
acquisition of a residential property under the RES (no minimum price)
* The acquisition price of the RES has to be at least USD 500,000 to enable the owner and his dependents to get residency.
* Development of residential units on freehold land of at least 1
arpent but not more than 10 hectares (23.69 arpents). The extent of land
that may be used for the development of a single residential property,
other than for an apartment or a penthouse, under the RES must not
exceed 0.5276 hectare (1.25 arpents).
* Land transfer tax of 5% is payable by the RES company on the value of the property sold.
* A registration duty of USD 25,000 is payable by the purchaser
* Board of Investment Application Fee, which is currently MUR10,000.
IRS (Integrated Resort Scheme)
The Integrated Resort Scheme (IRS) is a designed to facilitate the
acquisition of residential property by foreigners in Mauritius. The IRS
is a project for the development and sale of luxurious residential units
to non-nationals.
* At least USD 500,000 (excluding taxes) has to be invested to acquire residential property
* Development of luxury residential units on freehold land of more than 10 hectares (23.69 arpents).
The extent of land that may be used for the development of a single
residential property, other than for an apartment or a penthouse, under
the IRS must not exceed 0.5276 hectare (1.25 arpents).
* Land transfer tax of 5% is payable by the IRS company on the value of the property sold. A registration duty of USD 70, 000 or 5% of the value of the property whichever is the higher, is payable by the purchaser
* Board of Investment Application Fee, which is currently MUR10,000.
* A residential property may be acquired from a IRS company by:
- a citizen of Mauritius;
- a non-citizen;
- a local or foreign company incorporated under the Companies Act;
- a société; or a trust.
Entities holding a Global Business Licence cannot acquire property under the IRS.
* The Integrated Resort Scheme provides: - For the development of
luxurious residential units, on freehold land of more than 10 hectares,
to be sold at a price exceeding USD 500,000. - High-class leisure
and commercial amenities and facilities intended to enhance the
residential units. These may include but not limited to, golf course,
marina, nautical and other sport facilities, shopping mall, restaurant
and wellness centre. - Day-to-day management services such as security,
maintenance, gardening, solid waste disposal and household services have
to be provided to the residents. - For a social contribution in
terms of social amenities, community development and other facilities
for the benefit of the community.Just 100 metres from the powdery sand and crystalline waters of Mont
Choisy beach, the elegance of these stunning contemporary apartments is a
keynote statement of Stefan Antoni's
understated aesthetic. With spacious interiors opening onto view decks
and terraces, these two and three bedroom apartments and penthouses are
arranged in intimate blocks around four massive swimming pools to which
Stefan Antoni has added cabana pavilions to create magical and intimate
holiday spaces.When you buy a La Peninsule apartment at
Mont Choisy, you have the privilege of making your own personal choice
of finishes from a variety of products of different textures and colour!
Moreover, during your visit to our showroom, you will be assisted
by one of our interior designers through a wide range of samples
that will inspire you in your selection of finishes. This unique service
is completely free of charge and allows you to completely customize
your apartment.
The standard features and finishes
The choices of finishes and combinations
are endless thus allowing you, with the assistance of our team of
interior designers, to create your dream residence.Kitchen
Contemporary sleek modern Euro-Style designs with designer selected cabinet finishesChoice of designer selected granite countertopsChoice of designer selected ceramic tile backsplashChoice of engineered laminate flooring or ceramic tile as per floor plansStainless Steel appliancesUndermount stainless steel sink and single lever faucet with convenient pullout sprayDesigner selected ceiling mounted LED light fixture
The Bathroom
Contemporary European Style bathroom
with great finishes to ensure an optimal mix of style, high performance
and efficiency that transform your bath into a harmonic and invigorating
home spa oasis. All our La Peninsule bathrooms offer designer range tapware and sanitary ware
Furniture Packs
One of the easiest and most cost
effective ways to furnish your property is with a furniture pack.
Typically each furniture pack consists of a range of essential property
furniture items such as a bed, wardrobe, dining table and chairs, coffee
table and occasional table. All the components are co-ordinated to
ensure a look of tasteful consistency. Everything is designed to reflect
today's lifestyle needs.
Our furniture is sourced directly from
reputable and renowned designers; our packs are highly competitive and
often cheaper than the equivalent high street options.
There are 3 different styles available
so you will be able to choose your favorite pieces and personalize the
look of your residence to suit your own style.
Our team manages the
logistics of delivering and fitting all products and ensuring they
are ready for use. This includes hanging frames, fitting all interior
and exterior lighting, curtains, bedding, electrical goods, placing
knives and forks in their drawers and even tuning the TV!
After installation, we also ensure that all elements of the project have
been carried out successfully and to your requirements. A full set of
digital photographs is taken of the finished project and sent to
you should you not be in the country at the time of
delivery, providing you with complete peace of mind.
Property Features
Air conditioningInternetUse of poolCable TVTerraceHi-FiBeachBalconyParquetToasterMicrowaveBeddingHeatingSmoking allowedCoffee potRoof terraceGarage