The IRS is basically a project for the construction and sale of luxury villas to foreigners in an idyllic setting near the beautiful coastal region of Mauritius.
The acquisition of a villa for residential purposes only by a foreigner under the Scheme will allow the foreigner and his family to reside in Mauritius as long as he holds the property.

The luxury villas Villas sold under the scheme form part of a complex of luxury villas
of international standing with facilities including: golf course, marina and individual swimming pool, nautical and other sport facilities, health centre, catering. Maintenance, waste disposal, gardening, security and other household services are also included.

The extent of land in respect of each villa shall not exceed 1.25 arpents (0.5276 hectares). The villa can be acquired on the basis of a plan or during the construction
phase.

Residence Permit under IRS The acquisition of a villa under the Scheme shall grant 'resident tatus' to the investor, his spouse and dependants.A residence permit granted under the IRS shall remain in force for such time as the non-citizen holds immovable roperty in Mauritius under the scheme.Application for Residence
Permit shall be made at the time f applying for IRS.

Cost of a luxury villa

A minimum investment of USD 500,000 is required in the investment of a luxury villa. Out of the SD 500,000, the sum of USD 70,000 shall be extracted as payment of a fixed duty (Land Registration duty) to the Government of Mauritius.

Selling back of immovable property

Possible provided written notice is given to the Board of Investment 30 days prior to the sale. Resident status' will be lost on selling back the villa.

Who can apply to buy a villa under IRS?

Any one of the following can apply under the Scheme:

1. Non-citizen of Mauritius (including his spouse and dependants);

2.A foreign company under the Companies Act (of Mauritius) 2001;

3.A citizen of Mauritius;
 

4. A company incorporated under the Companies Act 2001.