Getting Acquainted With Mauritian Law
While non-citizens are allowed to rent freely, purchasing property is a
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different story. This is where the Integrated Resort Scheme (IRS) and the
Real Estate Scheme (RES) step into the picture. Committed to granting
foreigners their dream life on a tropical island, these real estate authorities
overlook the construction of luxury residential complexes. Mauritius
houses a wealth of premium apartments, extravagant holiday homes, and
glamorous resorts estates.
Each authority has a distinct project style – the IRS typically commissions
multiple blocks of villas designed for families, containing three to four
bedrooms each. These residential communities tend to be situated close
to main roads, gardens, public parks, and entertainment arenas. The RES
takes a humbler approach with its residential projects, mainly producing
apartments and cluster homes. While they’re built with premium materials,
they’re typically equipped with fewer facilities.
The
acquisition
of
a
property
in an IRS development enables
foreigners to benefit from the A Glimpse Of Everyday Life In Mauritius
favourable fiscal climate of the A cultural melting pot with a deep history, Mauritius boasts an inclusive
country. Provided that the duration society. Lives are dictated by hedonistic pursuits as the island is teeming
of the stay on the territory exceeds with countless outdoor activities. The country is evolving at an admirable
183 days per year, the property pace, attracting the attention of international powers like The World Bank.
owner is entitled to become tax The country is dotted with private schools, luxury resorts, well-equipped
domiciled in Mauritius. Mauritius has hospitals and medical centers, spacious shopping malls, and much more.
Non Double Taxation Agreements Given its mixed historical background, a variety of native languages forms
(DTA) with 43 countries. the patchwork of the country’s mother tongue. These range from Indian
dialects and Mauritian Creole to English and French. Socializing plays a
The Mauritian tax resident status confers a number of benefits: significant role in everyday life, and mainly revolves around food culture
• A 15 % income tax threshold is applied to both individuals and companies. and immersing oneself in nature.
• No inheritance or capital gains taxes.
• Dividends and other income derived from capital gains are exempt from
taxes.
Mauritius has a plethora of perks and is the perfect place to start the next
chapter of your life.
YOUR ACCESS TO MAURITIUS LIFE
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