INVESTING IN A PROPERTY DEVELOPMENT SCHEME


The Property Development Scheme has replaced the Integrated Resort Schemes (IRS) and Real Estate Schemes (RES) since 2014. This scheme allows for the development of a mix of residences for sale to citizens, non-citizens and members of the Mauritian diaspora. 

The PDS provides the following:

  1. The development of luxurious residential units on freehold land of an extent of at least 0.4220 hectare (1 arpent) but not exceeding 21.105 hectares (50 arpents)
  2. The development ot at least 6 residential properties of high standing
  3. HIgh-quality public spaces that help promote social interaction and a sense of community
  4. High-class leisure, commercial amenities and facilities intended to enhance the residential units
  5. Day-to-day management services to residents including security, maintenance, gardening, solid waste disposal and household services
  6. Social contribution in terms of social amenities, community development and other facilities for the benefit of the community

The scheme provides a unique opportunity for non-residents in Mauritius to acquire freehold residential property at a minimum price of USD 500,000 and entitles the buyer to a residence permit.

 

The PDS is a demarcation from the IRS and RES as it does not differentiate between small and big landowners and harmonises the registration duty to a single rate of 5% instead of USD 70,000 on registration of a deed under IRS and USD 25,000 under RES.

 

Read more about the PDS scheme on the Board of Investment website: http://www.investmauritius.com/schemes/pds.aspx 

 

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