6.7 %
Инвестиции в рынок недвижимости в % к общему объему
10.5 %
Вклад в ВВП (Рынок недвижимости и строительства)
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The Smart Cities, revolving around the work, live and play concept, are large-scale mixed-use developments in cosmopolitan conurbations with smart technology and pioneering innovation at their core. The focus is to promote Mauritius as an intelligent, innovative and sustainable island through the development of self-sufficient cities offering integrated sustainable solutions and ensuring minimum wastage and maximum comfort for the long-term benefit of all citizens and the future generations irrespective of social and economic class.
Smart cities offer diversity in business locations for investments in education, health, R & D, biotechnology, financial, ICT, manufacturing, hospitality, energy, logistics, proptech and urban management solutions, retirement village, incubator, and green office buildings amongst others.
A smart city company and a smart city developer is eligible for incentives including:
- Tax holiday of 8 years on specific activities
- Recover VAT on building and capital goods (Buildings and infrastructure)
- No customs duty on any dutiable goods, except furniture, for infrastructure and buildings
- No customs duty on furniture provided that value addition of at least 20% of the c.i.f value at import is carried out locally
- Accelerated annual allowance of 50% on energy-efficient equipment, noise control device, water-efficient plant/ machinery, rainwater harvesting equipment and system, etc
- Accelerated depreciation of 50% on machinery, equipment and construction of industrial premises dedicated to manufacturing activities
Projects issued with a Smart City Certificate include :
- Mon Trésor Smart City Ltd
- Cap Tamarin Ltée
- Uniciti Ltd
- Moka City Ltd
- Mauritius Jinfei Economic Trade and Cooperation Zone Co. Ltd
- Beau Plan Development Ltd
- Mont Choisy Smart City Ltd
- Hermes Properties Ltd
- Yihai Investment Ltd
- Royal Saint Louis Development Ltd
- New Montebello Development Ltd
- Cote D’Or Data Technology Park Ltd
- Saint Felix Smart City Ltd
- Azuri Smart City Company Ltd
- Ferney Development Ltd
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Blessed with sunshine all year round, as well as a coastline that is bathed by the warm waters of the Indian Ocean and spread over hundred kilometres, Mauritius remains the ‘place to be’. Ever since the promulgation of a more liberal property market, Mauritius has gained rising popularity with the internationally mobile community comprising HNWIs and influential business personalities. As such, non-citizens and expats are allowed to acquire residential property in Mauritius under schemes approved and managed by the Economic Development Board such as the:
- Integrated Resort Scheme (IRS)
- Real Estate Scheme (RES)
- Property Development Scheme (PDS)
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A foreigner also has the opportunity to acquire residential properties in existing projects, namely the Integrated Resort Scheme (IRS) and the Real Estate Scheme (RES). The non-citizen and dependents are eligible for a residence permit by virtue of the acquisition under the IRS, RES and PDS schemes when he has invested a minimum amount of USD 375,000. The owners may rent the property, become tax resident in Mauritius and face no restriction on the repatriation of funds or revenue raised from the sale or renting of the property.
Non-citizens who have a residence permit under IRS/RES will be exempted from an Occupation or Work permit to invest and work in Mauritius.
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The Invest Hotel Scheme has been set as an alternative financing mechanism where new hotel developers and existing hotel companies are allowed to sell hotel rooms to finance the construction of new hotels or refurbishment, reconstruction, alteration or upgrading of existing hotels.This scheme allows investors and individual guests to partake in the success of Mauritius’ thriving strategic hospitality sector by becoming an owner of exclusive hotel units located in Mauritius. It offers individual buyers all the facilities of exquisitely-furnished luxury resort hotel with amenities like F&B, fully serviced spas and fitness centres, resort-style pools with a promise of an income. The unit owner or any person on his behalf may use that unit for a total of 45 days in any period of 12 months. As well as enjoying the privilege of their hotel unit, each owner has the prospect of sharing in unexploited hotel returns and enjoy diversification benefits through lease back.
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The Property Development Scheme (PDS), is one of the approved schemes, which has been designed to facilitate the development and subsequent purchase of luxurious properties by non-citizens in Mauritius. To draw on opportunities from the PDS, property developers can also engage in comprehensive development of luxury villas and outstanding residential properties to the highest international standards together with high quality open spaces, high-class leisure and recreational facilities as well as day-to-day management services. 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.
Click here to view the list of approved PDS projects
Download the
• Guidelines for the Property Development Scheme
• Economic Development Board (Property Development Scheme) Regulations 2015
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Local Apartments
The Non-Citizens (Property Restriction) Act allows foreigners to purchase apartments in condominium developments of at least two levels above ground (G+2) with the prior approval of the Economic Development Board, provided the purchase price of an apartment is not less than MUR 6 million or its equivalent in any other hard convertible foreign currency.Commercial Parks and Industrial Parks
Mauritius’ unique advantages of strategic location, stable government, competitive workforce, pro-business environment and world class infrastructure make it an ideal launch pad to the African region. Mauritius is promoted as a destination for headquarters of prominent large multinational companies. As part of an outlook that aims to create synergies between the academic and economic world, Mauritius offers tremendous opportunities in the development of business parks, commercial parks, industrial parks and logistic parks, science parks, high-tech facilities offices and retail spaces.
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As announced in Budget 2021/22 and pursuant to Section 5(1)(ga) of the Immigration Act, a residence permit is now granted to the non-citizen upon acquisition of a residential property in a building of at least 2 floors above ground floor for an amount not lesser than USD 375,000 or its equivalent in any other freely convertible foreign or Mauritian currencies. The residence permit is valid for as long as the non-citizen remains the owner of the residential property under the G+2 scheme.
• Application form for Acquisition of Apartment
• Guidelines for Acquisiton of Appartments & Residency permit -
Smart City companies and developers are now starting to flesh out the concept of purpose-built luxury retirement-based communities. This comes in the wake of the recent law which will allow expatriates above 50 years to stay in and buy or rent purpose-built retirement residences. Senior living essentially refers to homes that cater to adults aged 50+ who are looking to live independently in a peer environment. Seniors who gravitate towards such housing options tend to have no major health issues and are active enough to take care of themselves. Such projects usually provide facilities for recreation and socialising, including a clubhouse, health club or gym, facility management services, focused on the needs of the elderly. The new law, which came into effect in May 2019, allows a non-citizen retiree to apply for a residence permit for himself/herself and his/her spouse or common law partner until such time the property is no longer owned or occupied by the retiree.
The following fiscal incentives are being granted under the Scheme:
- a 5-year income tax holiday to a foreign retiree issued with a residence permit under the scheme on pension income and other income remitted to Mauritius by himself/herself and his/her spouse or common law partner; and
- to the promoter of a project:
- a 5-year income tax holiday on profits generated;
- exemption from customs duty on the importation of machinery, equipment, construction materials and other inputs including furniture in semi-knocked down form on the condition that at least 20% local value addition is incorporated therein; and
In addition, standard VAT exemption granted in respect of a purpose-built building for a residential care home will apply. The new laws will encourage foreign investors who are attracted by our lifestyle, sun, security and first-class amenities an attractive option. The weather in Mauritius is conducive for 8 months a year even for people from colder climates, which is a major attraction for retirees around the world. Florida is a great example of how weather becomes a big factor in deciding where people would like to spend their retired lives. To benefit from the above, projects have to be approved under the Property Development Scheme (PDS) relating to senior living.
