Property Finder Mauritius Brochure Edition 1 | Page 13

company law that applies to all companies whether domestic or those with a global business license , according to the Corporate and Business Registration Department of Mauritius ).
• A society that has deposited its formation deed with the Registrar of Companies .
• A limited partnership that abides by the Limited Partnership Act .
• A trust that relies on the qualified services of a legitimate trustee .
• A foundation launched under the Foundations Act .
On acquisition of residential property for a price exceeding USD 375,000 , a non-citizen is granted a residence permit for so long as he / she holds the residential property . The spouse and children below the age of 24 are also granted a residence permit .
Non-citizens who have a residence permit under PDS will be exempted from an Occupation or Work permit to invest and work in Mauritius . Property Types
PDS projects normally produce the following kinds of residences :
• Bespoke villas
• Apartments and Penthouses
• Townhouses or Duplexes
• Similar properties that can be used as a residential unit with accompanying amenities , complementary services and facilities .
• Property Price
Projects developed under the PDS scheme come with no minimum price restriction .
Retail and Lifestyle Facilities
The scheme obligates property promoters to establish deluxe leisure options and commercial facilities aimed at enhancing a resident ’ s everyday life . These features are required to be sophisticated , savvy , and easily accessible by the public . Being inclusive should be a major priority , and this can be achieved through the development ’ s communal areas . The retail and recreational spaces must be proportionate to the size of the residential development .