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Acquisition of real estate
For acquisition of real estate property in Mauritius, as seller
on the one hand and purchaser on the other, a sale and purchase agreement must
be executed in written form, drafted by a notary public in Mauritius. Moreover,
besides entering into a purchase agreement, registration with the Registrar
General is indispensable for acquisition of title. Ownership, therefore, is
created by way of registration with the Registrar General, and extinguishes
upon the person in title being removed from the Register. Under the Mauritian
laws, registration of the change of owners in the property register as well as
providing the contract for transfer and other legal titles is required in order
to transfer ownership. Pursuant to the relevant provisions of the Registration
Duty Act, the duty payable in case of onerous transfer of title is – in general
– 10 % of the acquired real property’s contract value.
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