Residency through purchase of property

Guest8921 · 2022-11-07T07:38:43+01:00

Explore the formalities of obtaining residency in Mauritius through property purchase. Learn about the $375,000 threshold and flexible options.

Guest8921 Guest

Guest8921Guest07 November 2022 05:38:43

Hello. I would like to find out about acquiring residency permit through purchase of property.

Is it a must to buy one property amounting USD 375,000/- or can two or three properties be bought bringing the total amount to the required $375,000?

Jan Minnie New member

Member since 31 May 2022

Jan MinnieNew member07 November 2022 06:29:17

You Can not Buy Multiple Properties to add up to 375K It has to be One

Ece Muratoglu New member

Member since 25 March 2022

Ece MuratogluNew member07 November 2022 08:35:03

@saimasayyid086 hello, reach out to me directly at [link moderated]

I can explain you the process.

thanks

ece

Yoginee ViP

Member since 11 July 2022

YogineeViP07 November 2022 09:01:24

3414

Hello Ece,

For the benefit of everyone on the forum, we advise members to share any information that they have on the forum itself.

I thank you for your understanding.

Cheers,

Yoginee

玩偶姐姐 team

Ceresiet Serial expat

Member since 16 February 2020

CeresietSerial expat08 November 2022 22:21:48

380

For the reason that the OP (Occupancy Permit) is linked by the EDB (Economic Development Board) to the property that you buy for minimum USD 375 000, it has to be only ONE property.

You retain the OP for as long as you own the property; as soon as you sell the property then you and your dependants also lose the OP that is linked to it.

According to the latest changes (July 2022), expats no longer need to buy an appartement, duplex, bungalow or villa in one of the IRS, PDS, IHS, RES, G+2 or SCS (Smart City) schemes - you can now buy Anywhere on the island, from any seller, but it has to be a SINGLE property for at least USD 375 000.

Buying from an individual might relieve you from over-inflated pricing in the expat housing schemes to a certain extent, but on thr other hand those schemes do offer some built-in protection for the buyer that he does not enjoy when buying directly from an individual, so the warning remains: Caveat Emptor (let the buyer beware)

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