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...
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...
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...
We have been waiting for this announcement for so long!According to the latest update from the Prime Minister's office, new sanitary protocols have been put in place and will be effective from 1 July 2022.Firstly, masks will no longer be mandatory in public places. Although it is recommended for people over 60, vulnerable people with health complications, people with respiratory problems and in crowded...
These citizens who love their country but find themselves caught between the choice to stay or to leave, because they no longer recognise the country of their youth or the one their parents often spoke of. There is a growing concern among these citizens between the aggressions, burglaries, incivilities, trafficking, rise of communitarianism, and the "fracture of society", and some people prefer to...
Statistical analysis was used to determine the happiest countries by the United Nations Sustainable Development Solutions Network. The report ranks 146 countries according to their overall well-being, from the happiest to the most unhappy. Professor Christopher Barrington-Leigh of McGill University in Quebec also contributed to the report as a researcher, saying in a statement that the World Happiness...
They are large-scale mixed-use developments in cosmopolitan conurbations, with smart technologies and pioneering innovations at their core. The residential developments are part of an integrated master plan that promotes sustainable and happier living, with plenty of space and opportunity for innovation-driven businesses and multiple recreational amenities, while living next door.
India Today - New Delhi August 6, 2021 - Mauritius is trying to lure prospective international homebuyers to their island. The country launched its Integrated Resort Scheme in the early 2000s which allows foreign investors to legally own property on the island. Craving for a vacation to Mauritius? Well, how about owning a villa in the paradise island? Sounds lucrative, no? In that case, we have good news....
Investment Hotel Scheme (IHS)EDB - Info - The Invest Hotel Scheme (IHS) provides for existing hotel companies as well as new hotel development to sell hotel rooms to finance the refurbishment, reconstruction, alteration or upgrading of existing hotels or the construction of new hotels.These Hotels offer services such as:Rental managementConcierge servicesSPAFitnessChildren's club ...The tax advantages will...
Mauritian Diaspora Scheme (MDS)EDB - Info - The Mauritian Diaspora Investment Scheme is an initiative of the Mauritian government to attract members of the Mauritian diaspora to Mauritius so that they can participate in the country's economic development.The Mauritian DiasporaA member of the Mauritian diaspora is defined as a citizen of Mauritius, a child or a grandchild of a citizen of Mauritius.There are...
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