The scheme, replacing the IRS and RES, allows the development of a mix of residences for sale to non-citizens, citizens and members of the Mauritian Diaspora.
The Property Development Scheme provides for:
1. The development of luxurious residential units, on freehold land of an extent of at least 0.4220 hectare (1 arpent) but not exceeding 21.105 hectares (50 arpents).
2. The development of at least six (6) residential properties of high standing.
3. High quality public spaces that helps promote social interaction and a sense of community
4. High-class leisure, commercial amenities and facilities intended to enhance the residential units
5. Day-to-day management services to residents including security, maintenance, gardening, solid waste disposal and household services; and
6. Social contribution in terms of social amenities, community development and other facilities for the benefit of the community.
The following persons may acquire a residential property from a PDS Company:
(a) A natural person, whether a citizen of Mauritius, a non-citizen or a member of the Mauritian Diaspora
(b) A company incorporated or registered under the Companies Act
(c) A société, where its deed of formation is deposited with the Registrar of Companies
(d) A limited partnership under the Limited Partnerships Act
(e) A trust, where the trusteeship services are provided by a qualified trustee; or
(f) Foundation under the Foundations Act.
An IRS Company may provide the following type of residential properties:
• Luxury villa with attending services and amenities
• Luxury apartment with attending services and amenities
• Penthouse with attending services and amenities
• Other similar properties used, or available for use, as residence with attending services or amenities
The extent of land in respect of each residential property, other than for an apartment or a penthouse, is developed on land not exceeding 5,176 square metres (1A25P) excluding common areas.
There is no restriction on the minimum price for the acquisition of a residential property under PDS.
Under the Scheme, the promoters must make provisions for setting up of high-class leisure and commercial amenities and facilities intended to enhance the residential units and shall be accessible to the community.
Promoters should ensure to promote inclusiveness through high quality public spaces within the development .The commercial/leisure component must be commensurate to the scale of the proposed development.
Board of Investment
10th Floor, One Cathedral Square Building
16, Jules Koenig Street
Port-Louis 11328
Republic of Mauritius
T: +230 203 3800
F: + 230 208 2924
E: contact@investmauritius.com
W: www.investmauritius.com
June 1995
Australian Chamber of Commerce and Industry (ACCI)
September 2014
Austrian Federal Economic Chamber
April 1997
China Council for the Promotion of International Trade (CCPIT) - Beijing
China International Economic and Trade Arbitration Commission - Shanghai
November 1998
CCPIT Guangdong Sub-Council
September 2008
CCPIT Qingdao
May 2007
CCPIT Qingdao
April 2017
L´Union des Chambres de Commerce, d´Industrie et d´Agriculture
August 2008
Chamber of Commerce of Djibouti
September 2015
Estonia Chamber of Commerce and Industry
September 1996
l’Assemblée des Chambres Françaises de Commerce et d’Industrie (ACFCI)
November 1985
Federation of Indian Chambers of Commerce and Industry (FICCI)
May 1996
Confederation of Indian Industry (CII)
June 1995
Tamil Nadu Chamber of Commerce and Industry
January 2004
India International Trade Center
May 2004
Seafood Exporters Association of India
October 2005
Seafood Exporters Association of India
January 2011
The Kenya National Chamber of Commerce and Industry (KNCCI)
November 2004
Fédération des Chambres de Commerce, d’Industrie, d’Artisanat et d’Agriculture de Madagascar
August 1994
The National Chamber of Commerce and Industry of Malaysia
June 2005
Malaysian Associated Indian Chambers of Commerce and Industry
September 2012
Chamber of Commerce of Mozambique
June 2019
Nigeria Association of Chambers of Commerce and Industry, Mines and Agriculture
October 2004
The Federation of Pakistan Chambers of Commerce and Industry (FPCCI)
June 1995
Chambre of Commerce and d’Industrie de la Réunion
March 2002
L’Association pour le Développement Industriel de la Réunion
May 2007
Chamber of Commerce and Industry of the Russian Federation
November 2005
Seychelles Chamber of Commerce and Industry
April 2014
Seychelles Chamber of Commerce and Industry
September 2018
Slovak Chamber of Commerce and Industry (SCCI)
September 2016
South African Chamber of Commerce and Industry
May 2004
National Chamber of Commerce of Sri Lanka
September 2017
Taiwan External Trade Development Council
January 2011
The Tanzania Chamber of Commerce, Industry and Agriculture (TCCIA)
August 2004
The Federation of Thai Industries (F.T.I)
February 2013
TUSKON
August 2014
DEIK (Foreign Economic Relations Board)
TOBB (The Union of Chambers and Commodity Exchanges of Turkey)
Incentives & Schemes