Property for sale in Mauritius
Mauritius is an island country in the Indian Ocean. It is known for its beaches, lagoons and coral reefs. The mountains of the interior are home to the Black River Gorges National Park, with rainforests, waterfalls, hiking trails and animals such as the flying fox. In the capital, Port Luis, there are the Champs de Mars racecourse, the Eureka colonial villa and the 18th-century botanical garden named after Sir Seewoosagur Ramgoolam.
The Mauritian economy underwent a major transformation since independence in 1968. The country has gradually moved from monoculture of sugar cane to other sectors such as real estate, tourism and the export processing area. The implementation of a policy of economic diversification and democratization has fostered inclusive growth, the development of human capital and upward social mobility.
In 2002 the Integrated Resort Scheme (IRS) was introduced to allow foreigners to purchase properties for sale in Mauritius. Some conditions apply for the purchase of residential property under the scheme, including a minimum investment of USD 500,000 (excluding taxes) and a maximum land area of 0,5341 hectares.
The IRS program offers several benefits to buyers interested in buying properties for sale in Mauritius, including eligibility for a residence permit and a favourable tax environment.
Mauritius has continued its high-end positioning policy together with the significant expansion of real estate opportunities. The Smart City Scheme launched in 2016 follows the same approach with the development of new included, sustainable and modern cities. Based on their strength, reputation and long-term vision, the country's major economic operators have undertaken ambitious developments aimed at positioning Mauritius as an economic doorway to Africa and the Indian Ocean.
Several projects are already under way in line with the concept of a active, dynamic and modern urban space with all the necessary services: educational facilities, shopping centres, sports and leisure facilities, business centres, etc.
In 2017 inflows of foreign direct investments increased by 4.4%. This allowed the country to expand its offer of properties for sale in Mauritius while being an important source of capital flows and tax revenue. The property in Mauritius offers excellent value for foreign direct investments with various administrative and tax advantages.
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