Property Development Scheme

The Property Development Scheme (PDS), which has now replaced the Integrated Resort Scheme (IRS) and the Real Estate Scheme (RES), allows the development of up-market residences for sale to non-citizens, citizens and members of the Mauritian Diaspora.

The PDS provides the following:

  • the development of luxurious residential units on freehold land of an extent of at least 0.4220 hectare (1 arpent).
  • the development of at least six (6) residential properties of high standing;
  • high quality public spaces that helps promote social interaction and a sense of community;
  • high-class leisure, commercial amenities and facilities intended to enhance the residential units;
  • day-to-day management services to residents including security, maintenance, gardening, solid waste disposal and household services; and
  • social contribution in terms of social amenities, community development and other facilities for the benefit of the community.

A non-citizen is eligible for a residence permit upon the purchase of a villa under the PDS scheme when he has invested more than USD 500,000 or its equivalent in any freely convertible foreign currency.

The PDS is also a demarcation from the IRS and RES in as much as it does not differentiate between small and big landowners and harmonizes the registration duty to a single rate of 5% instead of USD 70,000 on registration of a deed under IRS and USD 25,000 under RES.

Finsburey will provide you with the following services:

  • Company and other entities formation to own the property.
  • Provision of Registered Office Address.
  • Provision of Directors
  • Provision of Secretary.
  • Opening of bank account.
  • Bookkeeping and Accounting including Tax filings where applicable.
  • Work and Residence Permit application
  • Corporate administration and other miscellaneous services.