9 am to 6 pm

Monday to Friday

+230 57 94 64 37

admin@homes.mu

Compare Listings

AMENDMENT TO THE NON CITIZENS (Property Restriction) Act

AMENDMENT TO THE NON CITIZENS (Property Restriction) Act

To further open the economy, the Non-citizens (Property Restriction) Act has been amended to allow non-citizens, registered with the BOI, to acquire apartments and business spaces in buildings, subject to security clearances.

Acquiring a property for business purposes

Non-citizens can acquire or lease immovable property for business purposes.

The Non-Citizens (Property Restriction) Act regulates foreign ownership of land and buildings. It applies to everyone who is not a citizen of Mauritius.

A non-citizen, with an authorisation from the Board of Investment, can acquire or lease an immovable property for business purposes.

The immovable property can be acquired by a company, trust or partnership or in the non-citizen’s own name.

Authorisations are granted where the business activity is for:

(a) the development of high activity commercial use building including, but not limited to, shopping mall, office building or warehouse, for own use, sale, rental or lease;

(b) the development of residential properties developed under the Property Development Scheme; and

(c) any other activity carried out for reward, gain or profit but excluding the acquisition for resale or lease or rental of any bare land or serviced land.

Work & Live

The Non-Citizens (Property Restriction) Act has been amended on 20 December 2016 to allow foreigners to purchase apartments in condominium developments of at least two levels above ground (G+2) with the prior approval of the Board of Investment. The amount payable for the acquisition of an apartment must not be less than Rs 6 million or its equivalent in any other freely convertible foreign currency.

Any non-citizen, with or without an occupation permit, residence permit, permanent residence permit, may acquire apartments.

Thus, there is no restriction for non-citizens who wish to acquire:

  1. a residential unit developed under the IRS, RES and PDS
  2. a residential unit developed in a smart city
  3. an apartment located in a building comprising at least two floors above the ground floor.

Source: https://www.linkedin.com/pulse/amendment-non-citizens-property-restriction-act-mauritius?trk=mp-reader-card 

img

Sebastien Staub

Director of STAUB MARKETING LTD a registered company for real estate activities on a fee or contractual basis (NSIC/Trade Code) 682001/70100 - owner of several portals including www.homes.mu and the latest Real Estate App - www.wayhomeapp.com which I acquired this December 2016. Returning resident after 15 years abroad (South Africa, United Kindom and Australia). I am a real estate broker for very selective real estate products including New Property Developments for Locals as well as for Foreigners.

Related posts

THE MAURITIUS PROPERTY GUIDE FOR SOUTH AFRICANS

In early 2017 the Mauritian government changed the Non-Citizens (Property Restriction) Act so that...

Continue reading
Sebastien Staub
by Sebastien Staub

NATURO VILLAS | BRAS DEAU | EAST COAST

A Luxury Gated Community with Cahier Des Charges NOW SELLING PHASE 2 - Prime Land/ Lots available...

Continue reading
Sebastien Staub
by Sebastien Staub

PLAISANCE ECO CITY

How did the project start? This project aligns itself to the vision of the government for a...

Continue reading
Sebastien Staub
by Sebastien Staub