A real estate investment in Mauritius might be one of the smartest moves you can make if you’re aiming for the perfect blend of lifestyle and return on investment. 

Known for its sparkling waters and thriving tourism industry, this island attracts many high-net-worth individuals interested in investing in the Mauritian real estate market.

Stay with us as the WorldPassports team guides you through the journey to real estate acquisition in Mauritius – your doorway to a realm brimming with possibilities! 

*Disclaimer: All amounts mentioned in this article were correct at the time of publication and might have shifted since.

What Are The Benefits Of Real Estate Investment In Mauritius?

Investing in real estate in Mauritius offers a multitude of benefits.

Firstly, the country provides a stable political and economic environment, ensuring a secure investment.

Additionally, Mauritius has implemented favorable tax policies for real estate investors, allowing for potential tax savings and increased profitability.

Moreover, the real estate market in Mauritius has shown consistent growth over the years, presenting opportunities for capital appreciation.

Furthermore, due to the country's reputation as a popular tourist destination, investing in real estate can yield attractive rental returns.

Lastly, Mauritius offers an attractive lifestyle with beautiful beaches, scenic landscapes, and a diverse culture, making it an appealing location for investors and potential tenants alike.

In summary, investing in real estate in Mauritius offers a range of advantages, including political and economic stability, favorable tax policies, potential for capital appreciation, attractive rental returns, and an appealing lifestyle.

Whether you are looking for a long-term investment or a rental property, Mauritius provides a secure and profitable real estate market, making it a compelling option for investors seeking to diversify their portfolio and gain exposure to a thriving market in a beautiful location.

Why Should I Consider Investing in Real Estate in Mauritius?

You should consider investing in real estate in Mauritius, located off the eastern coast of Africa with scenic beaches and thriving resorts, as it offers a multitude of compelling reasons to invest in the country.

Mauritius also has a lucrative real estate market characterized by strong potential for capital appreciation, making it an attractive option for investors seeking long-term growth. 

Furthermore

It also enjoys a stable political and economic environment, providing a secure foundation for property investments. 

The bustling Mauritius tourism industry and strong rental demand further enhance the appeal of investing in real estate in this beautiful country. 

How Does the Real Estate Market in Mauritius Compare With Other Countries?

The real estate market in Mauritius is very popular and has its own unique drawcards, but it can be compared to investment opportunities in other countries in several ways. 

Here’s our summary of the key points that set Mauritius apart:

• Attractiveness to foreign investors: Mauritius successfully attracts foreign investment in its real estate sector through various incentives, such as the Integrated Resort Scheme (IRS), Real Estate Scheme (RES), and Property Development Scheme (PDS). These schemes allow foreigners to purchase property in designated areas and offer residency options. 
• Tourism and lifestyle destination: Mauritius is known for its natural beauty, stunning beaches, and tropical climate, all of which make it a popular tourism and lifestyle destination. The real estate market in Mauritius is influenced by the demand for holiday homes, resorts, and luxury villas. Coastal areas and beachfront properties tend to attract significant interest from both local and international buyers.
• Economic stability: Mauritius has a relatively stable and diversified economy compared to some other countries in the region. The government has implemented favorable policies to promote foreign investment and economic growth. The stability of the economy contributes to investor confidence and can positively impact the real estate market.
• Property prices: Property prices in Mauritius vary depending on factors such as location, property type, and proximity to the beach. While there are luxury properties available at higher price points, there are also more affordable options. Compared to some major cities in Europe or other popular international destinations, property prices in Mauritius can be relatively lower.
• Legal framework and ease of doing business: Mauritius has implemented measures to simplify property acquisition and streamline business processes. The government has made efforts to improve the legal framework and establish clear property rights for both locals and foreigners. These improvements aim to enhance investor confidence and facilitate real estate transactions.
• Rental market: The rental market in Mauritius is active, particularly for long-term rentals and holiday accommodations. Areas with high tourism demand, such as Grand Baie and Flic-en-Flac, offer rental opportunities for property owners. However, rental yields may vary depending on location, property type, and market conditions.
• Infrastructure and development: Mauritius has made significant investments in infrastructure development, including road networks, airports, and public facilities. Ongoing infrastructure projects, such as the development of the Smart City projects, aim to enhance the overall quality of life and attract both residents and investors.

It's important to note that each country has its own unique market dynamics, and the real estate market can be subject to various factors such as economic conditions, government policies, and regional demand. 

Our team advises that you conduct thorough research, seek local expertise, and understand the specific regulations and market conditions in Mauritius before considering real estate investment there or in any other country.

Which Regions of Mauritius Are Best for Real Estate Investment?  

Several regions of Mauritius are attractive for real estate investment, and depending on your priorities and preferences, the area of the island that you invest in is important to consider.

Here are some regions our team feels are worth considering:

• Grand Baie: Located in the northern part of the island, Grand Baie is a popular tourist and expatriate destination. It offers a vibrant lifestyle, beautiful beaches, and a range of amenities such as shopping centers, restaurants, and water sports activities. Properties in Grand Baie, including apartments, villas, and beachfront residences, are in high demand and can provide good rental potential.
• Black River: Situated on the western coast, Black River (also known as Rivière Noire) is known for its natural beauty and luxury lifestyle offerings. The region features upscale residential developments, including beachfront villas, golf estates, and high-end resorts. Black River is popular among high-net-worth individuals and offers a relaxed coastal living experience.
• Tamarin: Adjacent to Black River, Tamarin is another sought-after area for real estate investment. It has a laid-back atmosphere and is known for its surfing spots, pristine beaches, and nature reserves. Tamarin offers a range of property options, from apartments to villas, with some developments boasting beautiful ocean views.
• Flic-en-Flac: Located on the western coast, Flic-en-Flac is a popular beach destination known for its long stretch of white sandy beaches and turquoise waters. It attracts both tourists and expatriates, which creates demand for residential properties. Flic-en-Flac offers a mix of apartments, villas, and gated communities suitable for investment.
• Pointe d'Esny and Blue Bay: Situated in the southeastern part of Mauritius, Pointe d'Esny and Blue Bay are known for their pristine beaches and crystal-clear waters. These areas offer a tranquil atmosphere and are popular for beachfront properties, including luxury villas and apartments. They also benefit from proximity to the airport and the Blue Bay Marine Park.
• Smart City Projects: Mauritius has initiated several Smart City projects, including the Ebène Cybercity, Bagatelle, and Cap Tamarin Smart City. These projects aim to create sustainable urban developments that integrate technology, residential spaces, office complexes, and recreational facilities. Investing in these Smart City projects can provide opportunities for growth and rental income.

Factors like proximity to amenities, rental demand, and the potential for capital appreciation are important to consider when evaluating real estate investment opportunities in Mauritius. 

Each region has its own unique advantages, and consulting with local real estate professionals can provide valuable insights into market dynamics and investment potential.

Mauritian Real Estate for Citizenship & Residency

If you’re curious to find out if buying real estate in Mauritius will help you in your citizenship and/or residency journey there, look no further.

See below.

Can I Get Mauritian Citizenship If I Invest in Real Estate There?

No, you won’t receive citizenship immediately after investing in Mauritian real estate.

As is the case with many countries, citizenship in Mauritius can be obtained after a stipulated minimum period of holding permanent residency.

Do I Need to be a Resident of Mauritius To Buy Real Estate There?

No, you don’t need to be a resident of Mauritius to buy real estate there.

As a foreigner, you can buy Mauritius property, but you’ll need to obtain prior approval from the country's Economic Development Board (EDB). 

Will Owning Property in Mauritius Facilitate a Pathway to Residency?

Yes, owning a property in Mauritius can facilitate a pathway to permanent residency if you’re able to make a minimum investment of US$375,000. 

There are different kinds of Mauritius residence permits, depending on your needs and intentions.¹ 

Depending on the type of qualifying real estate scheme you choose to invest in, you also need to meet the following general requirements: 

• Demonstrate sufficient financial resources to support yourself and any dependents during your stay in Mauritius. 
• Have a clean criminal record and good character. 
• Undergo a potential medical examination to ensure you meet the health standards set by the Mauritian authorities.
• Some residency programs may require a commitment to spending a minimum amount of time in Mauritius each year. 

What’s more

You can apply for citizenship in Mauritius after 5 years of holding a valid residency permit  (although there are expedited options for investors). 

If you want to eventually apply for Mauritian citizenship, you'll also need to fulfill the following requirements:

• Demonstrate integration into Mauritian society by actively participating in local community activities, embracing the cultural values, and respecting the social fabric of the country.
• Be proficient in English or French.
• Make a significant contribution to the social or economic development of Mauritius. 
• Demonstrate good character and a clean criminal record. 

What Type of Real Estate Ownership Is Required to Qualify for Residency in Mauritius?

To qualify for residency in Mauritius, you have the option to invest in either freehold or leasehold properties.²

Ownership can take the form of sole ownership, company ownership, or trust ownership.

Is There a Minimum Holding Period on the Purchased Real Estate to Qualify for Citizenship?

No, there isn’t an official, specified minimum holding period on the purchased real estate to qualify for residency in Mauritius.

However, you’re required to hold your property for as long as you need to keep and renew your residence permit before qualifying for citizenship. 

Are There Any Restrictions on Foreign Investment in Real Estate in Mauritius?

Yes, there are some restrictions on foreign investment in Mauritius. 

Real estate buyers can only purchase properties in Mauritius under schemes that are approved and managed by the Mauritius Economic Development Board. 

Our WorldCiitizenships team has listed some examples of such schemes below:

• The Integrated Resort Scheme (IRS)
• The Real Estate Property Scheme (RES)
• The Property Development Scheme (PDS)
• The Smarty City Scheme (SCS)
• Ground +2 apartments (with a minimum purchase of approximately US$147,000)

What’s the Process to Buy Real Estate in Mauritius?

Let's explore the journey of acquiring real estate in Mauritius, from finding an estate agent all the way through to finalizing the deed of sale.

Our expert team has broken it down into a step-by-step process below:

Step 1: Find an Estate Agent & Start Looking for a Property 

Begin by engaging the services of an experienced estate agent who specializes in the Mauritian market. 

They’ll guide you through the property search process, help you identify suitable options based on your preferences and requirements, and provide valuable insights into the local real estate landscape.

Step 2: Select the Right Scheme

Mauritius offers various schemes and programs that cater to different types of real estate investments. 

As a foreign investor, you can acquire Mauritian residential real estate by investing a minimum of US$375,000 in any of the following projects:

• The Integrated Resort Scheme (IRS)
• The Real Estate Scheme (RES)
• The Property Development Scheme (PDS)
• The Invest Hotel Scheme (IHS)
• The Smart City Scheme (SCS)
• The Ground +2 Apartment Scheme (G+2)

If you’d prefer to apply for 20-year permanent residence in Mauritius, you might qualify for other non-real estate-related investment options.

Step 3: Get Government Approval

Before proceeding with the purchase, you need to obtain the approval of the Mauritius government. 

Step 4: Perform Due Diligence 

Perform thorough due diligence on the property you intend to purchase. 

This includes verifying the property's legal status, confirming land ownership, assessing any encumbrances or restrictions, and conducting a comprehensive inspection to ensure the property is in good condition and meets your expectations.

Step 5: Hire a Notary 

Engage a qualified notary to handle the legal aspects of the transaction. 

The notary will ensure all legal requirements are met, draft the necessary legal documents, and oversee the signing of the Deed of Sale and other relevant contracts. 

Their role is crucial in ensuring a smooth and legally sound transfer of ownership.

Step 6: Deed of Sale 

The final step involves signing the Deed of Sale, which legally transfers ownership of the property from the seller to the buyer. 

This is typically done in the presence of a notary, who’ll register the deed with the relevant authorities. 

Upon completion of this step, you officially become the owner of the acquired property in Mauritius.

What Costs Are Involved in Investing in Mauritius Real Estate?

The costs involved in investing in Mauritius real estate stretch beyond the minimum required investment.

Understanding these costs will help you plan your budget effectively and ensure a smooth financial process throughout your investment journey.

Read along as our team breaks down the various costs associated with investing in real estate in Mauritius:

Estate Agent Fees

When engaging the services of an estate agent to assist with your property search and transaction, you can expect to pay agent fees. 

These fees are typically a percentage of the property's purchase price and cover the agent's expertise, assistance, and guidance throughout the process.

Notary Fee

Hiring a notary is an essential part of the property-buying process in Mauritius. 

The notary fee is charged for their services in handling the legal aspects of the transaction, including drafting and reviewing contracts, conducting searches, and overseeing the transfer of ownership. 

The fee is usually calculated based on the property's value or a predetermined rate.

Registration Fee

To legally register the property transfer and update the ownership records, a registration fee is payable to the relevant authorities. 

This fee covers the administrative costs associated with updating the official records and ensuring the property's legal status.

It's important to note that while these are common costs involved in real estate investment in Mauritius, the specific amounts may vary based on factors such as the property's value and the professionals you engage. 

What Are the Tax Implications of Investing in Mauritius?

The tax implications of investing in Mauritius tend to be highly favorable and often play a major role in why investors choose this island to diversify their portfolio.³

Before you begin, we advise that you read up on the rules surrounding tax residency and how to make them work for you.

Read on to discover the advantageous tax landscape that awaits investors in Mauritius.

No Worldwide Income Tax

Mauritius doesn’t impose worldwide income tax on non-residents, meaning that income earned outside of Mauritius isn’t subject to taxation in the country. 

This tax exemption on worldwide income is an attractive feature for investors and individuals looking to benefit from potential tax savings and optimize their global financial activities.

No Local Income Tax

Mauritius doesn’t impose local income tax on non-residents, offering a significant advantage for individuals investing in the country. 

No Dividend Tax

In Mauritius, there’s no dividend tax imposed on the distribution of dividends. 

This means that investors receiving dividends from their investments in Mauritius aren’t subject to any additional tax on those earnings. 

No Capital Gains Tax

One of the significant advantages of investing in Mauritius is that the country doesn’t impose a capital gains tax. 

Investors can realize profits from the sale of assets, such as real estate or securities, without being subject to capital gains tax. 

Tax Exemption on Import-Export Activities

Mauritius offers tax exemptions on import-export activities, providing significant benefits for businesses engaged in international trade. 

Companies involved in importing and exporting goods and services can enjoy tax advantages, such as exemptions from customs duties, contributing to a more favorable business environment. 

This tax exemption encourages and supports the growth of import-export activities in Mauritius, fostering economic development and attracting businesses seeking to leverage these advantages.

No Customs Duty on Goods or Services Imported via the Free Port

Mauritius offers a significant advantage for businesses importing or exporting goods and services through the Free Port. 

No customs duty is imposed on goods or services that pass through the Free Port, making it an attractive destination for international trade and commerce. 

No Inheritance Tax

Mauritius doesn’t impose an inheritance tax, which means there are no taxes on wealth transferred through inheritance in the country. 

This absence of inheritance tax provides individuals with estate planning advantages and allows for the smooth transfer of assets to beneficiaries without the burden of tax liabilities.

No Estate or Property Tax

One of the notable benefits of investing in property in Mauritius is the absence of estate or property taxes. 

Property owners in Mauritius aren’t subject to any estate tax or ongoing property tax obligations, making it an attractive feature for investors. 

This tax advantage allows property owners to retain the full value of their investments and contributes to the overall appeal of the Mauritian real estate market.

Free Repatriation of Funds from Companies Located Outside Mauritius

Mauritius allows companies located outside its jurisdiction to freely repatriate funds without any restrictions. 

This policy facilitates international financial operations and provides ease of transferring funds for businesses operating in Mauritius. 

It's important to consult with tax advisors or professionals to understand the specific tax implications and eligibility criteria for your investment in Mauritius.

Common Questions

In Conclusion

Investing in real estate in Mauritius offers numerous advantages, including a lucrative market, a stable economy, and attractive tax benefits. 

While conducting thorough due diligence is essential to navigating potential pitfalls, the overall prospects for real estate investment in Mauritius are promising. 

While acquiring Mauritian citizenship is attainable, it requires meeting residency requirements, integrating into Mauritian society, and making significant contributions to the country's development. 

Chat with our experienced team at WorldPassports to get to grips with what’s possible when you plot a path to a real estate investment in Mauritius.

If this article has piqued your interest in real estate investment opportunities in other countries, don’t hesitate to take a look at a few more of our real estate articles.