Blue Diamond Capital
Real Estate Advisory Firm
Blue Diamond Capital
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FAQ
Our team has compiled a comprehensive list of frequently asked questions to address the main inquiries you may have about Property Investing in Mauritius.
Can foreigners buy property in Mauritius?
Yes, foreigners are allowed to buy property in Mauritius under certain conditions.
Are there any restrictions on property ownership for foreigners?
Yes, there are some restrictions on property ownership. For example, foreigners can only purchase property in integrated resort schemes (IRS), residential estate schemes (RES), and property development schemes (PDS) approved by the Board of Investment (BOI).
Can foreigners sell their property in Mauritius?
Yes, foreigners can sell their property in Mauritius. However, it's essential to follow the proper procedures, such as notifying the BOI and adhering to any restrictions or conditions outlined in the property's initial purchase agreement.
What are the tourist visa requirements for visiting Mauritius?
Citizens of most countries do not need a tourist visa to visit Mauritius for up to 30 days.
Is there inheritance tax in Mauritius?
There is no inheritance tax in Mauritius. This means that your heirs will not have to pay any tax on the inheritance they receive from you.
Can I obtain residency via property acquisition?
Foreign investors can obtain residency in Mauritius by investing in property. The minimum investment requirement for residency is USD 375,000.
What types of properties can foreigners purchase in Mauritius?
Foreigners can buy residential properties (villas/ apartments) and certain commercial properties in designated areas under certain conditions.
Can foreigners rent out their property in Mauritius?
Yes, foreigners can rent out their property in Mauritius. However, it's important to adhere to local laws and regulations related to property rental and obtain any necessary permits or licenses.
What is the local currency?
The currency in Mauritius is the Mauritian rupee (MUR).
Is there capital gains tax on property in Mauritius?
There is no capital gains tax in Mauritius. This means that you can sell your property without having to pay any tax on the capital gains.
What holding structures are available for property investment?
There are a number of holding structures that can be used for property investment in Mauritius. The most common holding structure is a company. Companies are easy to set up and manage, and they offer a number of tax advantages.
Can foreigners obtain a mortgage to buy property in Mauritius?
Yes, some local banks and financial institutions in Mauritius offer mortgages to foreigners for property acquisition. The eligibility criteria and terms may vary, so it is advisable to inquire with different banks to find the most suitable mortgage options, or bring on board a professional Real Estate Consultant to enquire on your behalf.