Integrated Resort Scheme
In order to encourage foreign direct investment into the local real estate sector, the Mauritian Government implemented the Integrated Resort Schemes (IRS) in 2002.
The IRS allows foreigners to purchase freehold property for residential purposes in developments built to international standards with world class amenities and facilities. The amount invested upon purchase of an IRS residence in Mauritius must exceed USD $ 500 000 (excluding taxes) for a maximum surface area of 0.5276 hectares (1.32 acres).
All IRS properties are sold under the VEFA (Vente en Etat Futur d’Achèvement), a legal framework guaranteeing the completion of the project.
Once the property is purchased, the new owners may – if they wish – apply for a Mauritian residence permit and benefit from the country’s favourable tax system. The IRS regime ensures attractive and ever-growing returns for investors.