Real Estate Acquisition Reform in Mauritius, What Non-Citizens Need to Know !

Introduction: Mauritius is implementing significant changes to its real estate acquisition rules for non-citizens. A new legislation, named the NCPR Act, redefines the opportunities and restrictions for property purchases by non-citizens in the country.

Summary of the NCPR Act: The NCPR Act strictly governs the conditions under which non-citizens can purchase real estate in Mauritius. The key points are:

Purchase Conditions: Non-citizens can buy residential property in Mauritius if they are residents in the country in accordance with the 2022 Immigration Law. However, they must not have obtained their resident status through a family permit and can only acquire one property.

Minimum Value: The purchased property must have a value of at least 500,000 US dollars.

Excluded Property Types: Some properties are inaccessible to non-citizens, especially those located on state lands or exceeding a certain size.

Eligibility: Categories of non-citizens eligible include main holders of various types of residence or occupation permits, but family members are not eligible to acquire property under this law.

Nature of the Property: Only the purchase of a residential property is allowed, with restrictions on the size and type of land.

Impact of the Law: This reform aims to regulate the real estate market for non-citizens in Mauritius, balancing the appeal for foreign investors while preserving national interests. It offers clear investment opportunities while putting in place safeguards to prevent excessive speculation and the acquisition of large tracts of land by non-citizens.

Conclusion: With these new rules, Mauritius strives to maintain its attractiveness as a coveted destination for real estate investment, while ensuring prudent and fair management of its land resources. Non-citizens interested in property acquisition must therefore comply with these guidelines to succeed in their investments in the country.

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JLSK Group is specialized in real estate investment consulting around the world, residence and expatriation consulting in Dubai, Mauritius and the European Union, but also in the marketing of new real estate projects and developments.

Our various departments are at your disposal for any questions related to your investment, your expatriation as well as all legal formalities.If you need more details, please consult our Experts

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Particular Case
The Regulatory Sandbox License (RSL) allows an investor to undertake a commercial activity for which there is no legal structure or suitable regulations under Mauritius' existing legislation. The RSL will be provided by the Economic Development Board to qualifying firms that want to invest in innovative projects for a fixed amount of time under a set of agreed upon terms and conditions.

Eligibility
Any investor with an innovative concept for which there is no legal framework or sufficient measures to cover its materialization can submit a full application for the issuance of an RSL. The applicant must be able to demonstrate the creative character of the project on a local, regional or global scale.