Tag: invest abroad

Smart Cities in Mauritius


Smart Mauritius – Building Intelligent, Innovative and Sustainable Cities of the future

The Smart City Scheme is an ambitious economic development programme aimed at consolidating the Mauritian international business and financial hub by creating ideal conditions for working, living and spurring investment through the development of smart cities across the island.

The development of smart cities in Mauritius is opening up a plethora of investment opportunities.

The smart city project is a new initiative to stimulate innovative scientific and technological activities, provide technology-driven facilities to the business community and create a vibrant city lifestyle.

The Government of Mauritius has set up the Smart City Scheme to provide an enabling framework and a package of attractive fiscal and non-fiscal incentives to investors for the development of smart cities across the island.

The smart-city concept is about providing investors, nationals and foreigners, with options for living in sustainable, convenient and enjoyable urban surroundings.

These new cities will be built around the work-live-play lifestyle in a vibrant environment with technology and innovation at their core.


The concept paves the way for investors to develop and invest in:

  1. a mix of commercial, leisure and residential uses that, as a whole, achieves physical and functional integration and creates a pedestrian-oriented urban environment
  2. a combination of office, light industrial, education, medical and tourism clusters
  3. high technology and innovation cluster
  4. infrastructure to service green-field sites with roads and inspiring landscaping
  5. clean technology aimed at carbon and waste reduction, efficient transport
  6.  low-energy-consumption buildings
  7. digital solutions, urban sensing technologies and big data analytics
  8. energy production and water management and utilities
  9. high-end residential estate
  10. real estate investment management

The Smart City Scheme provides an enabling framework and a package of attractive fiscal and non-fiscal incentives to investors for the development of smart cities across the island.


For Christmas, treat yourself to a luxury freehold villa on one of the most beautiful islands in the Indian Ocean: Mauritius.


You can become the happy buyer of a beautiful villa in Mauritius since 2002, even if you are a foreigner. Mauritius real estate investment plans offer properties for sale, but only through exclusive real estate development projects such as IRS, RES and PDS.


What are these real estate projects accessible to foreigners?


The IRS, RES and PDS offer beautiful luxury villas and apartments in a secure environment and recreation like a yacht club, spa, gym or golf course. Acquiring property under the IRS also gives you access to a permanent residence permit (for you, your wife and your children) if you buy a property worth more than $ 500,000

Mauritius has one of the most stable policies on the African continent, made up of a multicultural population that offers a bilingual workforce and a prosperous economy that evolves mainly from tourism, textiles and real estate.


For Christmas invest in your future!


Investing in Mauritius will create new income and retirement options.


When you invest in Mauritius, you invest in a secure real estate project that offers rental management of your future property. With more than a million tourist arrivals in 2017 and the growing popularity of vacation rentals in Mauritius, you can easily enjoy a new passive income while having your own vacation home on an island paradise, you may need to book your own villa to make sure it is available for your vacation 🙂


The best retirement destination in the world


After working for several years, you want to enjoy a peaceful retirement, but what about the setting? In Mauritius, you will enjoy beautiful beaches, a wide range of leisure activities from golf, fishing, hiking in natural parks. The Mauritian currency is also very low compared to other currencies, so you have access to a better lifestyle with much less money.

Real Estate Investment – New PDS scheme Mauritius


Foreigners have the possibility to acquire the property in full ownership in Mauritius as part of an investment project. They can acquire a residence under the Property Development Scheme (PDS), or a suite in a hotel program under the Invest Hotel Scheme (IHS)

Two schemes are offered to foreigners to invest in real estate:

The PDS (Property Development Scheme)

Since June 2015, the Mauritian government has decided to harmonize the regulation of real estate laws within a single legal framework, the PDS (Property Development Scheme), allowing both Mauritian citizens and foreign investors to fully own their property .
The PDS, the only legal framework now in force, replaces the two previous regimes: the Integrated Resort Scheme (IRS) and the Real Estate Scheme (RES). These two types of programs were distinguished mainly by the size, fittings and selling prices of the real estate project:


The Integrated Resort Scheme (IRS)

This system allowed foreign investors (natural persons and legal entities) to acquire luxury villas or residences with high-quality infrastructures (golf courses, marinas, swimming pools, restaurants, sports complexes). The minimum investment amount was EUR 390,000. It automatically conferred residence permits

The RES (Real Estate Scheme)

The scheme was open to foreign and local investors (natural and legal persons) for small-scale (4 to 10 hectares) real estate projects with a minimum purchase price of EUR 200 000. It did not automatically confer a residence permit.

The PDS does not impose a minimum purchase price to allow the foreign investor to benefit from Mauritian tax benefits. As with the old IRS and RES schemes, the investor receives a residence permit if the amount of his investment exceeds USD 500,000.


Only recognized real estate developers with real expertise in the trade can develop PDS real estate projects. In addition, their project must be environmentally friendly and fit seamlessly with neighboring Mauritian habitat. The ecological aspect is taken into consideration: green spaces, infrastructures favoring good ventilation, solar panels, water recovery … are necessary elements for obtaining building permits under the new PDS scheme.

More info about real estate investment in Mauritius with Dreamescapes Properties

The advantages of Mauritius for real estate investment

In recent years, Mauritius, through its policy of good practice, has built a solid reputation in terms of ethics, good governance, transparency, economic and political freedom. The business environment is stable and favorable and the legal framework is clear and well defined. Mauritius is now recognized internationally as an ideal country to invest in.

Mauritius is constantly reinventing itself. The country is taking advantage of its strategic position at the crossroads of Africa, Asia and Australia. It is gradually transforming itself into an international center and jurisdiction for investors in real estate seeking security, transparent regulation and high added value, for example, as a platform for creating, investing or creating activities in Africa.



Thanks to its strategic position in the Indian Ocean, Mauritius is a regional platform for trade, investment and tourism, interconnecting Africa and Asia with the rest of the world. The country is a business and financial hub, where business begins before markets close in the Far East and always on time to catch up Markets in the United States the same day.



In Mauritius, the tax system is favorable: No tax on capital gains, No tax on interest and dividends at source, Exemption from customs duties on equipment, Free repatriation of profits, Dividends and Capital and Corporate Tax, Income Tax and Value Added Tax at 15%.

To date, Mauritius has signed more than 40 double tax treaties and is currently participating in other negotiations.

The country is a signatory to many multilateral treaties and conventions ensuring the protection of foreign investors and Mauritius is a market economy and free trade. There is no exchange control or restrictions on the repatriation of profits, dividends and capital. The Index of Economic Freedom published by the Wall Street Journal ranks Mauritius 8th in the world among countries where economic freedom predominates.

Real estate at more competitive prices in Mauritius


Some countries such as Portugal and Mauritius have become the preferred destinations of European investors and pensioners. If the fact that they are considered tax havens are the first thing that comes to mind, you must know nevertheless know that the benefits are real and multiple when talking about the real estate sector in Mauritius.
Traveling to Mauritius

The practice is common but thanks to some reforms of the government of Mauritius, it becomes an ideal solution for pensioners and professionals who want to start a new business on the Island. By observing the patterns of real estate acquisitions, it could be said that high-end villas are intended for wealthy buyers. But in reality, it will be enough of a few hundreds of thousands of euros to invest in real estate in Mauritius. Local real estate agencies can testify to this reality. The number of foreign residents in the country has increased markedly in recent years. Currently, this figure is estimated to be more than 10 thousand including investors. Mauritian government authorities are still planning to expand the sector by introducing other policies to attract foreigners.

Tax and contextual assets

Cheaper living environment, the island of paradise has the potential to attract many tourists. But since the Mauritian republic wants to encourage foreign direct investment, it has had to improve its fiscal policy. Foreigners who own real estate in Mauritius will have no tax on heritage. it has been decided that a fixed tax rate of 15% will be applied. For other tax expenditures, purchasers will benefit from an exemption on property tax, home tax or capital gains tax. Of course, all these benefits will be more accessible with different ownership statuses (RES, IRS, PDS). In some cases, such as when the amount of residence reaches a certain level, the buyer automatically becomes a permanent resident (500,000 USD). It is also possible to have a good return on your real estate investment by renting or reselling it at a more attractive price. Profits (capital gains) can be repatriated without any difficulty.

More info on Dream Escapes Properties


What are the key issues that need to be addressed before investing abroad?


Before buying a property abroad, it is best to know the rules governing the real estate market in the host country. We will develop our point of view with the example of three countries located in the Indian Ocean.

Owning a home in a paradise destination tempts you? Before you embark on this new adventure, you must first define your motivations. Do you want to buy a property for your retirement? Make a rental investment? Or benefit from a more favorable tax treaty? Whatever your goal, be clear with yourself. Since tax rules change from one country to another and can have a significant impact on the health of your finances in this gloomy economic climate, you must thoroughly examine the advantages and disadvantages of investing abroad


How to acquire good property?

Know that each country is different. “In Mauritius, for example, a foreigner can not acquire real estate outside the IRS (Integrated Resort Scheme or RES and Real Estate Scheme, IHS or PDS) program. The IRS programs consist of a luxury apartment or villa accommodation, the price of which varies around 500,000 Euros. Another specificity, Thailand requires that foreigners do not represent more than 49% of the owners of a condominium (a kind of joint ownership). This system can cause serious resale problems when the foreign ownership rate of 49% has already been reached. Promoters or you will have no choice but to find a Thai buyer. In the same country, foreigners can not acquire land but can benefit from a 30-year lease.


How is the tax treat?

Do not be seduced by the landscape think about resale before signing. Your goals: Know how your potential capital gains will be taxed. “In Mauritius, the tax is 15%.  In Indonesia, they will be taxed at progressive rates ranging from 0 to 37%. Finally, some countries like Thailand do not impose capital gains. ”

How are the income from the property taxed?

Investors should be well informed about the taxation of property income. “In Mauritius, the tax rate is 15%. But in Indonesia, for example, this income is not taxed. Finally, in Thailand, taxation withheld at source of 15% if the income is paid abroad, but they are not taxed when they stay in the country. “You have to take into account so many aspects and situations before buying a property abroad.

Rental investment in Mauritius

The rental is an interesting opportunity for holidaymakers, investors and expatriates during their stay in Mauritius. Luxurious villas, luxury apartments as well as stunning waterfront penthouses are available to those wishing to embark on an investment in Mauritius.


For individuals

The rental of fully furnished houses or apartments are especially suitable for individuals and expatriates visiting Mauritius. The monthly rent for this type of housing varies between Rs.30,000 and Rs. 85,000 or between 1000 and 2,500 USD. Some investors then embark on the more advantageous relocation of these apartments through a renting pool. Renting Pool is managed by a management company often in partnership with a trustee for maintenance and service. In addition, real estate developers also offer a rental service for housing units when they are unoccupied in a rental pool for a fee and trustee fees. Despite the rarity of the beachfront villas on the Mauritius investment market, their rental prices are offered at prohibitive prices. The units that are available rent between Rs 40,000 and Rs 150,000 per month between 1,200 and 4,200 dollars, per day depending on the number of days. Given the gain in importance for this destination, more and more intermediaries are directing tourists to villas, camps and apartments.


Professional spaces.

There is currently a decentralization of office space from Port Louis to Ebene, Highlands and Moka. The choice of investors is mainly oriented towards offices all equipped with Internet access and where they can have parking facilities. However, in Port-Louis and Ebène, with the growing number of buildings, it becomes difficult to have access to car parks. This situation leads to a decrease in rents for office space in these regions. The demand for office rental is more important in places like Quatre Bornes or Moka where they can find easier parking facilities. The conversion of houses into office space is also an alternative for those wishing to embark on an investment in Mauritius. Note that commercial spaces are rented monthly per square foot depending on the location, condition and area of the building. In commercial spaces such as the Bagatelle Shopping Mall, spaces are rented at an expensive rates.

Dream escapes properties in Mauritius