Tag: moving abroad

Real Estate Investment – New PDS scheme Mauritius

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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:

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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.

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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

why retire in mauritius

Retire to Mauritius Island.

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While this may sound like a great adventure, retiring overseas is not as simple as you think.

We will guide you and try as much as possible to find the ideal place for your retirement in Mauritius and to simplify the process. Whether you are looking for a resident’s permit in Mauritius or a second residence to escape winter, the information we have collected will be useful.
Why Mauritius is a destination of choice for your retirement abroad.
The tourist industry, real estate investment and textile are the pillars of a thriving and expanding economy, Mauritius is a benchmark for the African continent a clear indication of its charm individuality and hospitality. Mauritius is above all a paradisiacal destination, with sun all year round, dream beaches enjoying a stable political situation for decades.

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Mauritius is an island with a rich culture, beautiful scenery, natural attractions and recreation for your retreat on the island.

The Benefits of a Retirement in Mauritius

A stable political system, modern infrastructure and medical services and sustained economic growth serve to provide a favorable investment climate. Similarly, tax legislation in Mauritius is very low to purchasers of real estate, resulting in an increasing appreciation of the value of the property.

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Foreigners wishing to retire in Mauritius may explore options to obtain a permanent resident permit. They are also eligible for the acquisition of real estate in Mauritius under real estate programs following the IRS, RES and PDS.

Criteria for eligibility for residence permit as a non-citizen pensioner
To be eligible for a residence permit for a non-citizen on retirement, you must be 50 years of age or older and must commit to transfer to your local bank account in Mauritius at least US $ 40,000 per Year or its equivalent in any convertible currency. The total amount transferred over three years should be US $ 120,000.

Mauritius the best place for retirees

It is true that for this past ten years Mauritius has become the new Eldorado of retirees, lovers of the sea, beaches and sun that come from overseas to enjoy the sun all year round away from the cold winter. After years of hard work, it is time to rest and why not start a new life abroad, a simple thing that can prove to be complicated for most of people who have retired. With a gloomy economic situation and insecurity that continues to grow many are those who opt for a retirement abroad, a preferential postcard destination in a beautiful beachfront villa.

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The preferred destinations for retirees are Thailand, the Dominican Republic, Guadeloupe, and of course Mauritius, small paradisiac islands at the other end of the world where it is good to live and where all the foreigners in search of ” A new land of adoption are welcome.

 

The main assets of its paradisiacal destinations are a superior quality of life at an affordable cost, real estate adapted to the needs of retirees offering leisure, a peaceful life where all the chores are taken care of by project promoters. Real estate investments such as maintaining your real estate, finding the home staff and making sure you are safe. Mauritius offers a sumptuous setting where you will find everything; Seaside villas, luxury apartments and colonial houses at the foot of a majestic mountain. For your leisure, you will have a wide choice of entertainment like golf or to visit the lagoons of the Indian Ocean on a luxurious catamaran among others and not count the hinterland that offers nature Abundant as far as the eye can see.

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Mauritius is also known for tax advantages and good governance, which means economic stability since independence, a small island that enjoys a good reputation as on of the top destinations in the world for retirees and doing business.

 

There are many advantages;

 

No inheritance tax.

 

A very attractive cost of living

 

In Mauritius, you will be taxed at 15% and the cost of living is similar to that of Portugal nevertheless the cost per square meter of real estate remains cheaper than that of Portugal.

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