Friday, 16th November 2018
Logo Islandinfo
Mauritius in your hands            
Home

Find in Mauritius

         
Sight Seeing
Activities
Shopping
Eating Out
Nightlife
Hotels
Body & Soul
Business
Services
Real Estate
Mauritius Map
Mauritius Online Magazine May 2017 Issue
Testimonials
Expatriates in Mauritius
Mauritius Discovery
Mauritius Explore
Mauritius Escape
Voucher

Forthcoming Events
in Mauritius


Events & Galleries
in Mauritius
Min: 19 Max: 27
Partly Cloudy
Other regions of Mauritius
 
Email:
           
Conciergerie Mauritius Loto Websites
Association/Charity Catering Tertiary Education
Nursery/kindergarten Colleges Fire Station
Mauritius Newspaper Holiday Services Taxi
Others Finance Emergency
Car Dealers Airfreight Audio visual
Photography Fashion Professionals Printing
Health Pharmacies Opticians
Internet Café Embassies Clinics
Car Rental Banks Ambulances
Courier Airlines General Information
Police Dental Hospitals
TV/Radio Telecommunication/IT Permanent Residence Status
Security Info for Arrival Tour Operators

SERVICES » INFO FOR ARRIVAL

RES

TThe Real Estate Scheme (RES) is essentially a slimmed down version of the Integrated Resort Scheme (IRS) that has made such an impact on the Mauritian property market in the last two years.The thinking behind the scheme is to let smaller land owners have a share of the property development pie. IRS development has been dominated by the large sugar companies.The benefit for investors is that RES property will be more  affordable than IRS property.

Key Features

Non Mauritians may purchase the property. The project property size must be between
1 Arpent (about 1 acre) and 10 Hectares must be freehold land - this rules out any beach front property that is usually government owned and leased.
The scheme must offer commercial and leisure amenities in addition to residential.
The scheme must provide day to day support services such as solid waste disposal, security, maintenance, gardening and household services The land owner should not own more than 10 hectares in total in Mauritius.


Individual sites should not exceed 1.25 arpents (about 1.25 acres).

There is no minimum investment value (IRS has a minimum of USD 500 000).
Permanent resident status given to purchasers of properties worth at least USD 500,000
Payment for purchases off-plan shall be in instalments according to construction progress.


The first purchaser pays registration duty of $25 000.

Re-sales require the purchaser to pay land transfer tax of 5% on the property value plus the legistration duty of $25 000.

 
Read Reviews (0)
Add your own Review
 
« Back
 
Publish your article with us for free
Home | About us | Contact Us | Advertising | Link to Us | Airport   Bookmark and Share Site by: Islandinfo & Maxuz Web Agency