A second home, yes, but not just anywhere. You want it located north of the Tropic of Capricorn, at precisely 20-degrees latitude east. It’s been a long-time dream of yours, and now is finally the right time to buy a second home on the island of Mauritius. Read the following to make this dream come true.
The BARNES Mauritius real estate agency has a team of multilingual experts ready to guide an affluent clientele step-by-step, advising them through all types of real estate transactions: luxury villas, duplexes, apartments, penthouses, and bungalows in the most beautiful residential complexes on the island. BARNES Mauritius offers one of the most luxurious real estate portfolios on the island.
How to buy a second home in Mauritius
To the delight of potential buyers, procedures have been simplified and grouped under one estate acquisition law: the Property Development Scheme (PDS).
Today, developers no longer need to sell 25% of their developments to Mauritians. Foreigners with or without a residence permit can buy property in Mauritius, whether it’s an individual villa or apartment set in a building with a least 2 floors. PDS regulations are very strict when it comes to land area, including green public spaces, shops, and recreational areas.
This policy has allowed luxury real estate developments to arise, attracting clients in search of excellence and high-end services.
Pointe d’Esny Le Village is one of its most beautiful examples. This luxury residential complex is located on the island’s southeast coast, protected by stunning mountains. Pointe d’Esny offers modern tropical-style luxury villas with 3 to 4 bedrooms and swimming pools, as well as duplexes with private swimming pools, penthouses with open terraces boasting breathtaking panoramas of the surrounding natural landscape.
In order for second home-owners to access the extraordinary comfort and quality of life in Mauritius, the developers La Compagnie de Beau Vallon Ltée started this project to address a need for fully serviced luxury accommodations that replicate everyday life: preschool and kindergarten, a village square with vendors, shops, restaurants, and cafes; not to mention the fitness center, an abundance of green space (30 acres), a beach club equipped with water sports and a boatyard to sail out beyond its turquoise lagoon.
The advantages of buying in Mauritius
Mauritius is a paradisiacal island that has developed more and more over the years, becoming an idyllic setting where anyone who visits just once wants to stay for more than a week out of the year.
Its reputations as a very luxurious destination with exemplary service has made its way around the world. Its lush vegetation, sandy beaches, sparkling waters, and Mauritian hospitality, along with its stable political and economic state make Mauritius one of the most coveted havens by a very wealthy clientele. Enhancing its natural beauty, the island benefits from a very attractive tax policy, an undeniable asset when buying a residence in Mauritius.
It’s true, Mauritius has been classified by the OECD (Organisation for Economic Co-operation and Development) as one of the most virtuous countries in terms of taxes. Residents of the island are free from taxes on dividends, capital gains, wealth, and estates for direct descendants. The income tax is capped at 15% for individuals and businesses. Moreover, the profits and dividends of companies located outside of Mauritius are repatriable without any restrictions, only a 15% tax rate.
Buy a residence in Mauritius and become a resident
It won’t take much to benefit from these tax advantages in Mauritius. Buy a beautiful house and enjoy the island’s exceptional subtropical climate, with temperatures varying between 25 and 30-degrees Celsius and a constant, refreshing breeze. Year-round happiness guaranteed.
But to be a bit more specific, a residence permit in Mauritius can be granted to non-Mauritian citizens through the purchase of a property priced at more than $500,000 (US) in a PDS. When buying an apartment in a non-PDS building with more than 2 floors (the R+2 concept), the property owner will be offered a multi-entry visa for 6 months, valid for 5 years.
The Mauritian government allows foreign retirees who want to spend more than 3 months a year on the island the opportunity to obtain a “resident retiree” status (statut de retraité résident), valid for 3 years. Even young retirees, over the age of 50, are included in this category.
Of course, you must have more questions about this paradise. Fortunately, the BARNES Mauritius real estate agency has answers. It’s their pleasure to help clients discover the island in its entirety while presenting a vast choice of luxury residences throughout the island and Pointe d’Esny Le Village.
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