Mauritius
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An excellent
investment destination
Mauritius is the perfect home away from home for those families who are in search of a sophisticated seaside lifestyle experience. It is a preferred investment destination with property schemes designed for foreign buyers and a highly favourable tax regime that provides them with a great place to enjoy the benefits of tax residency and grow their wealth.
Harmonie Golf & Beach Estate has been introduced to the market under the PDS regime to enable foreigners who wish to settle or invest in Mauritius to purchase a villa. In return for this investment, they are entitled to apply for a Mauritian residence permit.
The PDS
The Property Development Scheme (PDS) was introduced in 2015 by the Government of Mauritius to encourage foreign investment in attractive property developments delivering a comprehensive lifestyle with related services and leisure activities.
PDS developments are accessible to Mauritian citizens and non-citizens alike. They allow any foreigner investing at least USD 375,000 (or the equivalent in any freely convertible foreign currency) to apply with the Economic Development Board of Mauritius for a residence permit for himself and his family.
The following categories are eligible to purchase a PDS villa:
- individuals (Mauritian citizens, non-citizens or members of the Mauritian diaspora);
- companies incorporated or registered under the Companies Act whose deed of formation is filed with the Registrar of Companies;
- SCS;
- trusts; and
- foundations.
Enjoy attractive tax benefits
Mauritius is known for offering significant tax incentives to foreign investors.
They are eligible for such benefits through the purchase of a property worth at least USD 375,000 in a qualifying scheme, which will entitle them to a Mauritian residence permit. They may also become tax residents in the country under certain conditions.
Enjoy attractive tax benefits Mauritius is known for offering significant tax incentives to foreign investors. The advantages for Mauritian residence permit holders include:
- a favourable Tax System;
- Double Tax Avoidance Treaties (DTAA) with 46 countries;
- free repatriation of profits, dividends and capital;
- no tax at source on interest and dividends;
- no capital gains tax;
- no inheritance tax for direct descendants; and
- custom duties exemption on equipment.
