Luxury Properties for Sale in Mauritius with Residence Permit

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UGX 1,434,000,000  USD 500,000 is the starting price for Residence PermitBedrooms : 2Bathrooms : 2
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Description

Buying a property in Mauritius


Sales Representative: Mrs. Devianee Appanah

Email: devianee@bluelpm.com

Mobile: +230 5259 0870

Non-national must adhere to at least one of the following criteria to be able to buy a property:

1. Buyer should have Mauritian nationality

2. Buyer should be married to a Mauritian under the legal system of Community of Goods and Property.

3. Buyer should buy properties under RES/IRS schemes.

Earlier non-national were not permitted to purchase property in Mauritius. However with latest changes in legislation In 2002 the Mauritian Government decided to open the market to foreign buyers on a restricted basis through RES and IRS, which permits the building and sale of luxury residential units to foreigners in specific locations. Non-nationals are now allowed to acquire residential property in Mauritius under special schemes known as the Integrated Resort Scheme (IRS) and the Real Estate Scheme (RES).

Buying through IRS scheme automatically grants the purchaser a residence permit

In order to acquire residency, the buyer should buy a residential property bought within a RES for the minimum price of USD 500,000

However, acquirers of a residence under the RES /IRS can apply for residency under any of the 4 existing conditions:

- as an investor

- as a professional

- as a self-employed

- or as a retired non-citizen.

RES (Real Estate Scheme)

The Real Estate Scheme is a regime under which foreign buyers (non-national) can own or invest profitably in a villa or apartment in Mauritius. It was introduced under the Investment Promotion Act and Investment Promotion (Real Estate Development Scheme) Regulations 2007.

*A RES framework consist of property developments of smaller scale than IRS projects.

* Non-residents of Mauritius can acquire a RES property.

* A residential property may be acquired from a RES company by:

- a citizen of Mauritius;

- a non-citizen;

- a local or foreign company incorporated under the Companies Act;

- a société; or a trust.

Entities holding a Global Business Licence cannot acquire property under the RES.

* The development has to be 1 acre at least and not exceeding 10 hectares.

* Under the RES, villas and other residential properties can be sold freehold.

* There is no restriction on the minimum amount of investment in the acquisition of a residential property under the RES (no minimum price)

* The acquisition price of the RES has to be at least USD 500,000 to enable the owner and his dependents to get residency.

* Development of residential units on freehold land of at least 1 arpent but not more than 10 hectares (23.69 arpents). The extent of land that may be used for the development of a single residential property, other than for an apartment or a penthouse, under the RES must not exceed 0.5276 hectare (1.25 arpents).

* Land transfer tax of 5% is payable by the RES company on the value of the property sold.

* A registration duty of USD 25,000 is payable by the purchaser

* Board of Investment Application Fee, which is currently MUR10,000.

IRS (Integrated Resort Scheme)

The Integrated Resort Scheme (IRS) is a designed to facilitate the acquisition of residential property by foreigners in Mauritius. The IRS is a project for the development and sale of luxurious residential units to non-nationals.

* At least USD 500,000 (excluding taxes) has to be invested to acquire residential property

* Development of luxury residential units on freehold land of more than 10 hectares (23.69 arpents).
The extent of land that may be used for the development of a single residential property, other than for an apartment or a penthouse, under the IRS must not exceed 0.5276 hectare (1.25 arpents).

* Land transfer tax of 5% is payable by the IRS company on the value of the property sold.
A registration duty of USD 70, 000 or 5% of the value of the property whichever is the higher, is payable by the purchaser

* Board of Investment Application Fee, which is currently MUR10,000.

* A residential property may be acquired from a IRS company by:

- a citizen of Mauritius;

- a non-citizen;

- a local or foreign company incorporated under the Companies Act;

- a société; or a trust.

Entities holding a Global Business Licence cannot acquire property under the IRS.

* The Integrated Resort Scheme provides:
- For the development of luxurious residential units, on freehold land of more than 10 hectares, to be sold at a price exceeding USD 500,000.
- High-class leisure and commercial amenities and facilities intended to enhance the residential units. These may include but not limited to, golf course, marina, nautical and other sport facilities, shopping mall, restaurant and wellness centre. - Day-to-day management services such as security, maintenance, gardening, solid waste disposal and household services have to be provided to the residents.
- For a social contribution in terms of social amenities, community development and other facilities for the benefit of the community.



Just 100 metres from the powdery sand and crystalline waters of Mont Choisy beach, the elegance of these stunning contemporary apartments is a keynote statement of Stefan Antoni's understated aesthetic. With spacious interiors opening onto view decks and terraces, these two and three bedroom apartments and penthouses are arranged in intimate blocks around four massive swimming pools to which Stefan Antoni has added cabana pavilions to create magical and intimate holiday spaces.

When you buy a La Peninsule apartment at Mont Choisy, you have the privilege of making your own personal choice of finishes from a variety of products of different textures and colour!  Moreover, during your visit to our showroom, you will be assisted by one of our interior designers through a wide range of samples that will inspire you in your selection of finishes. This unique service is completely free of charge and allows you to completely customize your apartment.

The standard features and finishes

The choices of finishes and combinations are endless thus allowing you, with the assistance of our team of interior designers, to create your dream residence.

Kitchen

  • Contemporary sleek modern Euro-Style designs with designer selected cabinet finishes
  • Choice of designer selected granite countertops
  • Choice of designer selected ceramic tile backsplash
  • Choice of engineered laminate flooring or ceramic tile as per floor plans
  • Stainless Steel appliances
  • Undermount stainless steel sink and single lever faucet with convenient pullout spray
  • Designer selected ceiling mounted LED light fixture

The Bathroom

Contemporary European Style bathroom with great finishes to ensure an optimal mix of style, high performance and efficiency that transform your bath into a harmonic and invigorating home spa oasis. 
All our La Peninsule bathrooms offer designer range tapware and sanitary ware

Furniture Packs

One of the easiest and most cost effective ways to furnish your property is with a furniture pack. Typically each furniture pack consists of a range of essential property furniture items such as a bed, wardrobe, dining table and chairs, coffee table and occasional table. All the components are co-ordinated to ensure a look of tasteful consistency. Everything is designed to reflect today's lifestyle needs.

Our furniture is sourced directly from reputable and renowned designers; our packs are highly competitive and often cheaper than the equivalent high street options.

There are 3 different styles available so you will be able to choose your favorite pieces and personalize the look of your residence to suit your own style.

Our team manages  the logistics of delivering and fitting all products and ensuring they are ready for use. This includes hanging frames, fitting all interior and exterior lighting, curtains, bedding, electrical goods, placing knives and forks in their drawers and even tuning the TV! After installation, we also ensure that all elements of the project have been carried out successfully and to your requirements. A full set of digital photographs is taken of the finished project and sent to you should you not be in the country at the time of delivery, providing you with complete peace of mind.



Property Features

  • Air conditioning
  • Internet
  • Use of pool
  • Cable TV
  • Terrace
  • Hi-Fi
  • Beach
  • Balcony
  • Parquet
  • Toaster
  • Microwave
  • Bedding
  • Heating
  • Smoking allowed
  • Coffee pot
  • Roof terrace
  • Garage

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