Residency By Property Acquisition In Mauritius, Smart City Scheme

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Smart City

EDB – Info – Smart Cities are based on the concepts of work, life and leisure.

They are large-scale mixed-use developments in cosmopolitan conurbations, with smart technologies and pioneering innovations at their core.

The residential developments are part of an integrated master plan that promotes sustainable and happier living, with plenty of space and opportunity for innovation-driven businesses and multiple recreational amenities, while living next door.

A non-citizen can purchase a residential unit, whether it’s a townhouse, villa, apartment, penthouse or duplex in any of the smart cities.

Similarly, non-citizens holding a residence permit, occupation permit or permanent residence permit may acquire a serviced plot of land of up to 2,100 m2 for the purpose of building a residence, in a residential subdivision located in a smart city, approved by the EDB.

The acquisition must be completed by June 30, 2022.

The non-citizen and his or her dependents can obtain a residence permit once he or she has acquired the property for a minimum amount of $375,000 USD.

Tax advantages will allow you to invest in the best conditions:

  • No property tax
  • No land tax
  • No tax on the capital gain in case of resale
  • No inheritance tax
  • No wealth tax
  • Double taxation treaties with many countries.

What are the Smart City’s in Mauritius?

  • Mon Tresor
  • Cap Tamarin
  • Uniciti
  • Moka City
  • Jin Fei 
  • Beau Plan
  • Mon Choisy
  • Hermes Properties
  • Yihai Investment
  • Royal St Louis
  • Montebello

Are you looking for a Villa, an Apartment or Land to buy in one of these prestigious developments? Contact us

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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.