Business

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 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...

"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...

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...

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...

Overview of the Mauritian Immigration and Employment System The Mauritian Immigration and Employment system is a set of policies and regulations governing the entry and employment of foreign nationals in the Republic of Mauritius. The system is administered by the Mauritius Immigration and Emigration Department (MIED). It is designed to ensure that all foreign nationals who seek to enter and work in...

Exploring Investment Schemes for Foreigners to Acquire Property and Become Resident in Mauritius Mauritius has become an increasingly attractive destination for foreign investors, offering diverse opportunities for those seeking to acquire property and become resident on the island. Foreigners considering this option can benefit from a number of investment schemes. The Integrated Resort Scheme (IRS) is...

Nowadays, the age of 60 is no more considered as the age of retirement only, with people continuing to work until they are 70. It is no longer impossible to get a mortgage at the age of 60, provided you meet the financial requirements. It is illegal for a mortgage lender to reject your application because of your age. If you are retired or approaching retirement, you will need to provide evidence of a...

Benefits of Working with a Real Estate Agency in Mauritius The benefits of working with a real estate agency in Mauritius are plentiful. From helping you find the perfect property for your needs to providing valuable advice and guidance throughout the entire process, a real estate agency can be an invaluable asset. Here are just a few of the advantages of working with a real estate agency in...

The Tax Benefits of Expatriating to Mauritius Island Mauritius is an attractive destination for those looking to expatriate, due to the low tax rates and simple tax system. Expatriates may benefit from the attractive tax benefits offered by the Mauritian government. The Mauritian government has established a flat tax rate of 15 percent for Mauritian citizens and non-residents. This flat tax rate...