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BUY
WITH US
New Development
In addition to the vast choice of older homes offered for sale by JLSK, long-standing partnerships with well-known national and international developers enable us to provide you with access to new projects, while ensuring a lasting local service.
At JLSK Group, we not only have extensive knowledge of the market, but we also have access to many new and confidential real estate projects under development.
Most importantly, we are keenly aware of the nuances that determine property value and are discerning about the quality of construction, materials and craftsmanship. We listen to your needs to find you the ideal new home project and ensure that you make an informed decision.
Once you have chosen the best new property project for you, we will represent your interests vehemently to the relevant developer and accompany you through the whole process of acquisition and all the administrative formalities concerning your residence permit, visa or company creation.
Our financial conditions are identical to those of the direct developer, which means that we sell the properties linked to the different real estate projects at the same price.
We will also advise you on the decoration and the choice of the “deco packs” proposed by the developer.
Please contact us to arrange an appointment.
Buying With JLSK
The Advantages !
Buying With JLSK
The Advantages !
Invest
Better Investing
Taking advantage of our management know-how and our knowledge of the rental market is essential to examine the relevance of your rental project and to guarantee the profitability of your investment.
We will then be able to offer you all our management skills (rent estimates on re-letting, provision of a file of qualified tenants, advice on enhancing the value of your property, etc.).
Savings
Tax Saving
The majority of the new homes we offer are accessible to foreign customers: this will allow you to invest in Mauritius, the United Arab Emirates or Cyprus while benefiting from extremely advantageous tax treaties depending on your country of origin (Double Taxation Treaties) but it will also allow you, under certain conditions, to benefit from a residence permit, long-term visa or nationality.
Price
The Certainty of the Right Price
The JLSK Experts have an exclusive estimation method: the Comparative Market Analysis.
This study, carried out by the Expert for his seller client, ensures you of a realistic and reliable sale price.
At JLSK, the prices displayed are identical to those offered by the "national developers", but you also benefit from support as well as a local service.
(Valid for all programmes marketed with our partner developers)
(Valid for all programmes marketed with our partner developers)
Service
A National Service Offer... And More
Our partner network and our geographical coverage allow you to entrust us with the entirety of your real estate project with complete peace of mind; from the resale of your current residence, whether in France, Dubai or elsewhere abroad, to the acquisition of your new home.
Quality
Constant Quality Control
To measure customer satisfaction, JLSK regularly questions customers who have bought, rented or sold a property.
In addition, in order to maintain a high level of standards, the Customer Relations Department pilots and plans telephone calls and sends mystery emails to all our real estate experts.
Notoriety
A Reputation Linked to a Quality of Service and a History
Since 2015, we have been training our staff so that they can offer you the best service, taking into account your expectations and needs as well as legislative and tax developments. They are now experts who are at your side to sell, buy, invest, rent, manage... In a word, to accompany you in making your real estate projects a reality!
Steps To Buy a Property In a New Project
1
SET YOUR BUDGET
What are the acquisition costs? What is my ability to repay? What types of financing or loans are available? What do I need to take into account in my overall budget? How do I put together my loan application? How much will the security deposit be? How much will the downpayment be?
2
DEFINE YOUR PROJECT
Why own a new property? Which project should I choose? A project off-plan or already built? What form of purchase should I make, personal or through an SCI, a local company, a trust, an offshore company, etc.?
3
FIND YOUR REAL ESTATE PROJECT
Take the time to look for your property in the right project and in the right place, know the means available to find your home, choose a real estate agency and a good Agent (Expert) who will show you several projects and know the surroundings...
4
FINALISE
To finalise the purchase of a property buying off-plan, it is important to have all the elements in hand, and to know all the stages of the purchase (pre-contract, deposit, suspensive conditions, notary, etc.) and, of course, to obtain permission for a foreigner to purchase from the competent authorities.
Frequently Asked Questions
Common Questions
What is buying off-plan ?
According to the law, off-plan buying is the contract by which a seller transfers to the buyer his rights to the land at once as well as the ownership of the existing structures.
Future works become the property of the buyer as they are carried out ; the buyer is bound to pay the relevant costs as work progresses. The seller undertakes to deliver the residential project to the buyer once completed.
Why invest in Mauritius ?
Mauritius offers a low tax jurisdiction with an investor-friendly environment to encourage both local and foreign companies to set up a business.
The Fiscal regime includes:
- Harmonised corporate and income taxes at 15%
- No capital gains tax
- No withholding tax on interest and dividends
- Exemption from customs duty on equipment
- Free repatriation of profits, dividends and capital
The Mauritius Revenue Authority is the agency responsible for collecting corporate tax, income tax and VAT in Mauritius. The fiscal year runs from 1st January to 31st December. Payment should be done either at the Mauritius Revenue Authority counters, via electronic payment or by sending a cheque drawn to the MRA by post.
The tax rate is as follows:
- Corporate tax: 15%
- Income tax (personal tax): 15%
- Value-Added Tax (VAT): 15%
- Corporate Social Responsibility (CSR tax): 2% on book profits
- Land Transfer tax: 5%
What is the difference between a Permanent Residence Permit (PRP) and Citizenship ?
A PRP is a permit that allows an eligible non-citizen to live in Mauritius for a period of 20 years, following which the permit must be renewed.
Obtaining citizenship, on the other hand, means that the investor becomes a citizen of the country and is entitled to carry a Mauritian passport.
Note that a Residence Permit does not automatically lead to Mauritian citizenship, which means that even if the holder has the right to live in Mauritius, he or she is not allowed to own other real estate properties across the country outside the Integrated Resort Scheme (IRS), Real Estate Scheme (RES) and Property Development Scheme (PDS) frameworks, or an apartment in a “ground + two” building, or industrial/commercial property. All purchases must be authorised by the Economic Development Board (EDB).
By purchasing a unit off-plan, how is my purchase secured ?
The acquisition of a unit off-plan or during construction of the project is governed by the provisions of a ‘vente en l’etat future d’achevement’ (‘VEFA’), in accordance with the Mauritian Civil Code.
The Promoter provides the Purchaser with a guarantee of future completion, Garantie Future d’Achévement (‘GFA’).
The GFA will be issued by a bank and is a guarantee that the unit you have purchased will be completed and delivered to you in accordance with the project specifications and drawings. The GFA is issued to you simultaneously with your signature of the Deed of Sale.
What type of investment scheme allows foreigners to buy a property in Mauritius?
Several investment schemes have been put in place by the Mauritian authorities to encourage foreigners to invest and buy real estate in Mauritius.
These schemes are the following:
- IRS: Integrated Resort Scheme
- RES: Real Estate Scheme
- IHS: Investment Hotel Scheme
- PDS: Property Development Scheme
- Ground +2: A building with a minimum of 2 floors in co-ownership.
- Smart City: Intelligent City
For a complete list of current developments, please contact us.