Mauritius Investments

ACQUISITION OF A RESIDENTIAL UNIT BY A NON-CITIZEN: 

The Non-Citizens (Property Restriction) Act has been amended on 20 December 2016 to allow foreigners to purchase apartments in condominium developments of at least two levels above ground (G+2) with the prior approval of the Board of Investment. The amount payable for the acquisition of an apartment must not be less than USD 171,000 (MUR 6 million) or its equivalent in any other freely convertible foreign currency.


Any non-citizen, with or without an occupation permit, residence permit, permanent residence permit, may acquire apartments. Thus, there is no restriction for non-citizens who wish to acquire an apartment located in a building comprising at least two floors above the ground floor.

 

Properties Available


DEFINITION OF APARTMENT:
An ‘apartment’ is defined as a residential unit that forms part within blocks of residential dwellings located in a building of at least 2 floors above ground floor.
On approval of the application, the non-citizen will be entitled to buy one or more apartment(s), together with part of the common areas collectively owned in "copropriété" in proportion relating to the size of the apartment.

 

 For more information and prices please feel free to contact us here; alternatively please call Hans on 0412 869 245 or Priscilla on 0435 978 759.