Your Real Estate Buying Process in Mauritius as an Expat
Discover Mauritius: Your New Expat and Investment Paradise
Imagine living on a tropical island, where the exotic landscapes harmoniously blend with the infrastructure of a modern country. Mauritius, a gem in the Indian Ocean, offers this unique reality.
- Time Proximity to Europe: Thanks to our time zone nearly identical to Europe's (GMT+4), stay closely connected with your loved ones and business without the usual jet lag.
- Bilingualism and International Culture: Navigate easily in a bilingual environment. English, the official and banking language, and French, the everyday language, create a welcoming setting for expats.
- Educational Excellence: Provide your children with world-class education at our English and French international schools. Our French high school, one of the best outside France, boasts a 100% success rate in the baccalaureate.
- First-Class Healthcare: Enjoy modern, high-end clinics, ensuring the well-being of you and your family.
- Exceptional Air Connectivity: Travel easily between Europe, South Africa, and Asia with excellent air connections.
- Attractive Taxation: Benefit from exceptionally advantageous taxation - personal and corporate taxes capped at 15%, no wealth tax, capital gains tax, dividends tax, or inheritance tax.
- Stability and Peace: Enjoy a serene life in a democratic and peaceful country, where security and peace of mind prevail.
- Easy Access to Residence: Obtain a permanent residence permit with a minimum real estate investment of 375,000 USD.
- An Idyllic Living Environment: Mauritius is not just a place of residence; it's an invitation to a luxurious lifestyle. Dive into a world where water sports, world-renowned kitesurf spots, fishing, breathtaking landscapes, and international golf courses await you.
Mauritius is not just a destination; it's a lifestyle choice. Come live your Mauritian dream.
Step by Step: Your Real Estate Buying Process in Mauritius as an Expat
1. Property Selection and Purchase Offer:
- Once you've identified the property that meets all your expectations, we proceed to draft a purchase offer. This document formalizes your intention to buy and the sale conditions.
- The offer is drafted to reflect agreements between you, the buyer, and the seller.
2. Signing of the Purchase Offer:
- After thorough review, the purchase offer is signed by you and the seller, confirming the agreement on the sale terms.
3. Selection and Involvement of the Notary:
- Together, we select a notary to draft the sale agreement and to carry out all necessary legal checks.
4. Signing of the Sale Agreement and Payment of the Deposit:
- The sale agreement is signed by all parties. At this stage, a 10% deposit is paid into the notary's escrow account.
5. Application for Purchase Authorization with the EDB:
- A purchase authorization request is submitted to Mauritius' Economic Development Board (EDB), a process that can take between 2 and 4 months.
6. Signing of the Deed of Sale and Payment of Funds:
- Before signing the deed of sale, the full funds must be transferred to the notary's escrow account, with proof of fund origin.
7. Handover of Keys and Property Acquisition:
- Signing the deed of sale marks the handover of keys, and you officially become the property owner in Mauritius.
8. Acquisition of the Permanent Residence Permit:
- A property valued over 375,000 dollars entitles you to a permanent residence permit for you and your family, a process of about 3 to 4 months.