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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 with a minimum investment of USD 500,000 (excluding taxes) for a maximum surface area of 1.32 acres.
The developments are built to international standards and are equipped with world class amenities and facilities.
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 to, 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.
