Steps to be undertaken to buy a property in Mauritius
It is an excellent way to diversify your assets by acquiring a property abroad. By choosing Mauritius, you benefit from a magnificent setting, a place to relax and a more advantageous tax regime than in France. Moreover, the Mauritian government encourages foreigners to invest in real estate. Nevertheless, this does not imply that there are no rules to follow. Indeed, to become the owner of a Mauritian property, there are certain conditions to be respected. It is therefore necessary to take certain precautions and be well-informed to avoid unpleasant surprises. In the meantime the purchase of a home by a French national in Mauritius, – is governed by certain schemes like the Property Development Scheme (PDS) or the R+2. Any non-Mauritian willing to acquire property ( an apartment, a villa) must go through these schemes (NB: there are other schemes).
Finding the ideal property, an essential step
To be the lucky owner of a Mauritian property, you must first find it. They are numerous offers online that you can consult while still browsing from France. For safety reasons, we strongly recommend that you consult professionals. And If you wish, our team can assist you in this and advise you on how to find the rare pearl. However, keep in mind that your property must meet the criteria of the PDS or R+2(or other specific features). You must therefore orient your research towards housing eligible to these programs.
It is also important to take into consideration your needs and project. So please take the time to define them so that you don’t get confused. Determine the total surfaces area you would like to have, the number of rooms, the location, the indispensable equipment (air conditioner for example)… the criteria on which you will not negotiate on. These last ones will guide your research – whether you do it alone or with a professional (e. g. promoter, notary, etc.) – since you know what you want absolutely . They will therefore help you to find the house of your dreams.
Apply for authorization from the EDB, a compulsory condition
The choice of a home that meets your expectations and meets the criteria of the PDS is only the first step. To invest and carry out successfully your project, you must absolutely apply for authorization from the EDB (EconomicDevelopmentBoard). In the absence of acquisition authorization, you will not be able to buy a property in Mauritius.
If you have any questions about the PDS, the R+2 or on the various formalities to acquire a property, do not hesitate to contact us. Don’t forget to check our current offers online to discover the offer we have in Mauritius.
