July 2024

Real Estate Acquisition Reform in Mauritius, What Non-Citizens Need to Know !

Introduction: Mauritius is implementing significant changes to its real estate acquisition rules for non-citizens. A new legislation, named the NCPR Act, redefines the opportunities and restrictions for property purchases by non-citizens in the country. Summary of the NCPR Act: The NCPR Act strictly governs the conditions under which non-citizens can purchase real estate in Mauritius. The key points...

Acquisition of a New Property in “Sale in Future State of Completion” (VEFA) by a Non-Citizen in Mauritius in 2024

Acquisition of a New Property in "Sale in Future State of Completion" (VEFA) by a Non-Citizen in 2024. 1. Property Development Scheme (PDS) Launched in 2015, the Property Development Scheme (PDS) allows non-residents to invest in real estate in Mauritius. The minimum investment amount for a PDS is USD 200,000. This amount should not be confused with the USD 375,000 required to obtain the residence...

How do you explain the dazzling success of the JLSK Group in Mauritius and why it has become the preferred agency of South Africans and French people?

"The JLSK Group: Unrivaled Success in Mauritius Island, Preferred by South Africans and European People Alike!" The History and Growth of JLSK Group in Mauritius Since its creation in 2002, the JLSK Group has become a major player in the economy of the United Arab Emirates (UAE). The group, founded by its Chairman and CEO, Mr Benaudis James Simon, has grown from a small family business to a commercial...

Residency By Property Acquisition, PDS

Property Development Scheme (PDS) The Property Development Scheme (PDS) is one of the programmes approved by the Mauritian Government. It is designed to facilitate the development and purchase of luxury properties by non-citizens in Mauritius. This investment scheme now replaces the previous investment schemes*: Integrated Resort Scheme (IRS) Real Estate Scheme (RES) You will find...

Why is JLSK Group the preferred real estate agency for expatriates and foreigners wishing to settle in Mauritius?

The Benefits of Working with JLSK Group – Why JLSK Group Is the Preferred Real Estate Agency for Expatriates and Foreigners For expatriates and foreigners seeking to buy or invest in real estate in Thailand, JLSK Group is the preferred real estate agency. With over 15 years of experience, JLSK Group has established itself as a reliable and trustworthy real estate agency. Our well-trained and...

Mauritius Best Places To Work Remotely

Mauritius has been named one of the best places to work remotely in 2024

If you could work from abroad while enjoying the country's assets in your free time, would you take the plunge? At least that's what the latest Work From Wherever Index advises: "Swap gray cityscapes for olive groves, sunsets over the sea or bustling metropolises. Let our index show you which countries are best for remote work and travel experiences." This ranking, counts 111 countries, selected...

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Particular Case
The Regulatory Sandbox License (RSL) allows an investor to undertake a commercial activity for which there is no legal structure or suitable regulations under Mauritius' existing legislation. The RSL will be provided by the Economic Development Board to qualifying firms that want to invest in innovative projects for a fixed amount of time under a set of agreed upon terms and conditions.

Eligibility
Any investor with an innovative concept for which there is no legal framework or sufficient measures to cover its materialization can submit a full application for the issuance of an RSL. The applicant must be able to demonstrate the creative character of the project on a local, regional or global scale.