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Integrated
Resort Scheme
 Under the Integrated
Resort Scheme (IRS), luxury villas and other residential properties can be sold
freehold at a minimum price of 500,000 USD to foreigners who, de facto, receive
a residence permit. The few IRS villas put on the market so far have proved
very popular, with overnight reservations and sales.
Investors from UK, France, Singapore, South Africa, UAE and other countries are
injecting money into new luxurious villa and housing projects needing 25
percent cash to get involved. The investment period is short and projects get
sold to new villa owners, mainly non-citizens, just before construction gets
started (i.e off-plan). Investment under the IRS brings investors higher yields
and is expected to grow for the next 10 years.
The IRS targets the high-end segment of the international property market,
i.e., high net-worth individuals with high purchasing power. The property they
are allowed to purchase are luxury residences such as villas, apartments, and
penthouses located in specific areas, approved by the Board of Investment.
The investor may sell the property with no minimum selling price restriction;
rent the property, elect tax residency in Mauritius and is free to repatriate
funds or revenue raised from the sale or renting of the IRS property.
International property developers claim our IRS is a good and competitive
investment.
Download
Integrated Resort Scheme (IRS) Guidelines
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