Key Details
Royal Road, Black River, Mauritius
Mauritius
Volcanic Mauritius surrounded by the world’s third largest coral reef has an exceptionally varied geography. Most visitors come for the white sand beaches – 93 miles of them – but anyone who ventures inland from that beautiful coastline will experience high green peaks, acres of lush sugar cane and outstanding wildlife.
This is the Indian Ocean Island for anyone who wants an active holiday home. As well as all the usual beach activities there is fishing and boating, hiking and horse riding in the Black Gorges National Park and beautiful botanical gardens to explore. Mauritius has been busy building a reputation as a leading golf destination with several former sugar cane plantations offering homes for sale around lush golf courses. In total there are now twelve courses designed by golfing superstars including Ernie Els and Bernard Langer.
Drive along Mauritius’ winding roads and you see colourful Hindu temples next to Muslim mosques and Christian churches. The official language is a mixture of French, English and Creole and the people are overwhelmingly friendly and relaxed. This is a safe and tranquil island that can claim to be a true African success stories. It has a booming economy based on high-end textiles and manufacturing and an international reputation for business efficiency.
The north of the island is the most developed focused on the buzzy prime tourist area of Grand Baie along with the island’s main marina. Many of the smartest hotels cluster on the beautiful beaches of the east coast while the quieter south coast appeals to those wanting a private getaway in fabulous natural surroundings.
Buying Guide In 2002 the business-minded Mauritian government introduced the Integrated Resort Scheme (IRS) allowing foreigners to buy freehold properties of at least $500,000 on specific pre-approved five-star schemes. In 2007 this was extended to include smaller developments through the Real Estate Scheme (RES) with no minimum price point. Owners on IRS schemes can qualify for residency and lower rates of taxation. Owners and their immediate dependents can remain indefinitely in Mauritius and pay income tax at 15 per cent with no Inheritance or Capital Gains tax. The Property Development Scheme (PDS) was recently introduced to replace both the IRS and RES and also allows non-residents to buy homes in pre-approved schemes with a minimum of six high-quality homes and a day-to-day management service. To claim residency buyers must still spend a minimum of $500,000. Benefits to owners The Integrated Resort Scheme (IRS)Â allows foreigners to purchase freehold property in the few approved developments such as La Balise Marina, with the added attractions of automatic residency for the owner and immediate dependents, 15% income tax, no capital gains tax and no inheritance tax.
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