Mauritius residency with IRS
An investor non citizen of Mauritius can obtain temporary or permanent residence in Mauritius with either the application for an occupation permit or the application for residence as a retired non citizen.
Integrated Resort Scheme (IRS)
With the growing demand that Mauritius is facing from non-citizens to acquire residential properties, the government of Mauritius has introduced a real estate scheme known as the Integrated Resort Scheme (IRS).
Characteristics of an IRS
An integrated resort scheme framework consist of luxurious property developments with deluxe amenities
Under the IRS, villas and other residential properties can be sold freehold
Prices vary between USD 500K and USD 3 million
Can be acquired by non residents of Mauritius
Can be acquired by an individual or via a domestic company
Can be acquired for private use or for rental investment
IRS projects have their own private golf course, marina and other sporting activities (horse riding...)
IRS projects usually have an adjacent hotel giving owners access to hotel amenities and entertainment
A choice of property type is available from apartments to villas
Benefits of acquiring an IRS property
Enables the proprietor to get de facto permanent residence in Mauritius for him and his dependents
Due to their exclusivity, there is good potential for investors to benefit from Capital Gains
Properties can be purchased off plan
With an hotel adjacent and possible rental agreements, the property will generate constant income
Banks in Mauritius are prepared to part finance acquisition of property (conditions apply)
A body corporate ensure proper maintenance of resort
