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...
For a more relaxing holiday, Mauritius waives the fifth day antigen test which applies mainly to fully vaccinated travelers staying at hotels and other tourist accommodations across the island - Such as B&B’s, guesthouses and villas. After the PCR test is done before the vacationers flight and upon their arrival in Mauritius (day 0), there is no need to be tested unless symptomatic. By doing...
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.
Expatriate in Mauritius for a few years, our dream had become reality!We lived and worked on an island far from the megacities, an island where time had stopped despite an obvious willingness of the Government to open the country to foreign investments. When you arrive in Mauritius, you have this strange feeling of quietude and well-being and you are surprised by the clarity and brightness of the azure...
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Disclaimer - These agreements (Tax Treaties) are subject to change. Jlsk Group Ltd. assumes no responsibility for the transcription of these agreements or for any changes made to them after publication. These treaties are published for information purposes only, if you wish to receive personal advice please contact us. Treaties List If Your Treaties is Not Listed Below, Contact Us! France:...
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...
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