IRS/PDS/RES/G+2 real estate schemes

Acquiring a property in Mauritius as a foreigner is possible in the diagrams below:

  • 1. The "Integrated Resort Scheme" (IRS)
  • 2. The Real Estate Scheme (RES)
  • 3. The "Ownership Development Scheme" (PDS)
  • 4. The "Smart City Scheme"
  • 5. The apartments in R + 2

IRS and RES (Integrated Resort Scheme and the Real Estate Scheme) allow a foreigner to acquire one or more high standard residential properties. This person and or his dependents may be eligible for a residence permit with the purchase of these properties for a minimum amount of $ 500,000 under the IRS, RES and PDS plans. These properties can be rented by the owners. They may also become tax residents in Mauritius and there is no restriction on the repatriation of funds or income that could come from the sale or rental of these properties.

PDS (Property Development Scheme) replaced the RES and IRS. This allows more opportunities for non-citizens and also members of the Mauritian diaspora to have various developments of properties for sale. In this scheme, a foreigner may apply for a residence permit to purchase a property in the PDS system by investing a minimum of USD 500,000 or the equivalent in a freely convertible foreign currency.

Smart City refers to a city that surrounds work and leisure in a development that uses technology, innovation and intelligence but also communication to improve the quality of life, urban services and also reduce waste as well as costs citizens. A foreigner has the possibility of acquiring this type of residential property.

Apartment G+2 allows a foreigner to buy a property in a condominium of a minimum of two floors (G+2), with the agreement of the EDB (Economic Development Board), on a freehold land and a minimum amount of MUR 6,000,000 or its equivalent in any other currency convertible into hard currency.