Archives par mot-clé : real estate mauritius

Property Mauritius: Foreigners are no longer limited to buying luxury villas

No need to buy a villa to enjoy wonderful beaches as seen above. Mauritius is a paradise island, with its growing range of properties ranging from 155,000 to several million euros, enjoys a particularly attractive tax scheme. Combined with a very pleasant lifestyle, the real estate sector is experiencing a craze that has not diminished since the opening of the market to foreigners in 2002.

Buying a property in Mauritius is no longer reserved for foreign investors the most fortunate now, non-Mauritian citizens are more restricted to acquire a residential unit developed under the IRS, RES or PDS. The government is going further in its policy of opening up the real estate market to foreigners.

On December 20, 2016, the National Assembly voted the Non-Citizens Property Restriction. This law now allows foreigners to buy an apartment in Mauritius. The apartment or apartments must be located in a condominium of at least 2 floors (R + 2), with the prior approval of the Board of Investment (BOI). According to the law, the amount to be paid for the purchase of an apartment must not be less than 6 million rupees (about 155,000 €).

Thus, all non-citizens, with or without Permit Occupation, Residence Permit or Permanent Resident Permit, can acquire R + 2 apartments at a price higher than this amount.

With this new measure, very far from luxury real estate but still in a luxury real estate, the government wants to "boost" the Mauritian economy and the construction sector.

PDS Mauritius: Investing in real estate in Mauritius Contact us

Indeed, the authorities see it as an ideal way to sell apartments that remain unsold locally and attract more foreign expertise on the island, offering more choices for the acquisition of real estate. Investing in Mauritius is no longer reserved for the biggest fortunes and tax benefits remain the same.

Living in Mauritius: Healthcare and Education

Planning on living in Plaisance City in Mauritius? You want to know more about how healthcare and education is on the island? Here is everything you need to know about healthcare and the education system of the island of Mauritius.

Healthcare in Mauritius

Whilst there is publicly funded healthcare provision in Mauritius for local residents, as an expat you would usually need to pay your own medical costs. It is therefore important to ensure that you have appropriate medical insurance before you move to Mauritius. There are plenty of public hospitals on the island, but many expats prefer to make use of one of the private hospitals such as the Darne Clinic or the Apollo Bramwell Hospital, where a broader range of services can be offered and superior facilities are available. A small number of complex medical procedures may not be available in Mauritius, and for these you would need to be transferred to a hospital in South Africa or Reunion.

Malaria does not occur in Mauritius except in some rural areas, so there is  little need to take precautions against this, and you are typically not required to have any vaccinations when traveling to and from the country, unless you come from a country with yellow fever risk transmission. Nevertheless, standard immunizations against tetanus, diphtheria, mumps, measles and rubella (MMR), as well as for hepatitis A and B are recommended.

Education in Mauritius

Education is highly valued, and the state provides free education from primary school through to university for children who live in Mauritius. There is also a wide choice of international schools that are ideal for children moving from overseas to Mauritius, for example, Alexandra House School and the International Preparatory School for children aged up to 11 years. In addition to academic subjects, pupils have the opportunity to take many extra classes such as ballet, art, netball, tennis, touch rugby, and cricket.

For secondary level students there is also a range of private schools to choose from, such as Le Bocage International School and Northfields High School, where pupils can study for academic qualifications, for example, international GCSEs, A levels, and the International Baccalaureate Diploma. Fees are payable for all international schools. The high standard of education at the international schools also attracts Mauritian children to these establishments, offering expat pupils the opportunity to become more integrated in the local community.

 

Plaisance City: Invest in Mauritius

Why choose Mauritius?

If, like many expats, you are seduced by Mauritius to the point where you are actually thinking of settling there, you will not regret it. Through its policy of good practice, Mauritius has become a hub for ethics, good governance, transparency, economic and political freedom. In 2014, the country (ranked 39th in the world) is the most competitive African country in the world competitiveness ranking established by the World Economic Forum. It ranks first in the Ibrahim Index of African Governance (IIAG) 2014 with a score of 81.7 out of 100 and 28th in the overall ranking in the 2015 Business Facility (out of 189 economies).

Invest in Mauritius

The financial services sector is one of the main contributors to the Mauritian economy and the country is continuously improving its range of financial products by offering quality services. There are many good reasons to invest in Mauritius. First, the island enjoys an attractive tax regime favoring foreign investment and unlike many African states, Mauritius is a good student in terms of political, social and financial stability. Moreover, the availability of a highly skilled, bilingual and affordable workforce is proving to be one of its major strengths. As a signatory of several multilateral treaties and conventions ensuring the protection of foreign investors, the country offers them a dream environment in which economic conditions are favorable: lack of trade controls, protection of foreigners' assets, double taxation treaties under the OECD, a convenient time zone in front of Europe, free zones and the provision of its free port to investors. Mauritius also seduces by its tropical climate, its geography made up of plateaus, coastal plains and its coastline bordered by turquoise lagoons and white sandy beaches, not to mention the warm welcome and good humor of the Mauritians …

Why Plaisance City?

Indeed, while the north sees its space saturated by the many luxurious villas, the still uninhabited Southeast of the Island was the occasion to bring out an environment of life and work exemplary while leaving intact its reserves natural and marine forests. many projects such as Plaisance took place to enable the Mauritians to acquire an affordable and environmentally friendly property.

The South of the Island is booming by an increasing number of international tourists who buy houses in the rest of the island but also by the arrival of many international businessmen coming to settle. Indeed, Mauritius is a hub for companies trading with Asia and Africa.