Set amid the warm and azure lagoon of the Indian Ocean, enjoy the privileges of doing successful business in Mauritius. With sustained economic growth and political stability, the island is a charming destination for international commercial investors and private residence owners.
The Mauritian real estate market is now more accessible to foreign nationals. The freehold properties come with exclusive benefits and are approved by the Mauritian Economic Development Board (EDB) under the Property Development Scheme (PDS).
The Mauritian government has created many incentives to encourage and ease real estate investment, including the Integrated Resort Scheme (IRS), the Real Estate Scheme (RES), and the Integrated Hotel Scheme (IHS). The RES and the IRS make up the Property Development Scheme (PDS).
The Property Development Scheme
The Property Development Scheme (PDS) is a new scheme which is comprised of the IRS and the RES. It addresses non-citizens, citizens, and Mauritian diaspora. It reflects the government's goal of enforcing tighter controls on existing real estate initiatives. While introducing the PDS, the Mauritian authorities’ objective is to promote respect for the environment and the neighbouring population.
The purchase of a PDS property grants the buyer a secure environment. The property’s value should exceed USD 375 000 for the buyer to be granted a Permanent Residence Permit.
The VEFA (Vente en état futur d'achèvement) is the contract that connects you to the developer when buying a new property off-plan. This contract guarantees the completion of the property programme for which you have agreed to buy a new home.