When do you need a power of attorney (POA)?
A Power of Attorney (POA), also known as a mandate or proxy, is a legal document that allows one person (the “principal”) to appoint another person (the […]
Real estate developments in Mauritius and projects under construction: what you need to know
Mauritius is emerging as a popular real estate destination. Its diverse real estate projects, ranging from luxury apartments to beachfront villas, attract investors from all over the world. However, to take full advantage of these opportunities, it is essential to understand the specifics of the Mauritian real estate market and to take preventive measures to minimize the risks associated with projects currently under construction.
The costs involved in a real estate transaction in Mauritius
When you embark on a real estate process, whether it’s a vacation rental, a long-term rental, or the purchase or sale of a property, it’s essential to be informed of the additional costs that may be incurred and added to your main financial commitment.
What are the rules and regulations for short-term rentals?
Are you planning to rent out your property in Mauritius for a short duration? Then you are about to embark on an exciting adventure where welcoming smiles and unforgettable moments […]
The main measures of the Finance Bill 2023 in Mauritius
On Tuesday, July 18, the Mauritian Parliament passed the Finance Bill 2023 to formalize the provisions presented in the 2023-2024 budget. Here are some of the main measures adopted.
Preliminary Purchase Agreement & Agreement to sell: Differences
When it comes to real estate, it’s essential to have a clear understanding of legal terms, especially when it comes to property transactions. In the case of a property purchase, before a final act of sale is signed by the notary, the buyer and seller may enter into a compromis or a promesse of sale, while waiting for the buyer’s loan to be finalized.
An overview of real estate schemes in Mauritius: IRS, RES, PDS and G+2
Mauritius is more than just a dream vacation destination – it’s also a real paradise for property investment. You’ll be enchanted to discover the unique schemes on offer here, such as the Integrated Resort Scheme (IRS), the Real Estate Scheme (RES), the Property Development Scheme (PDS) and the Ground +2 (G+2). Set up by the Mauritian government, these various real estate schemes aim to promote the development of high-end residential properties for foreign and local buyers. In this article, we’ll take a look at each scheme, their respective features and benefits.
Budget 2023 – 2024: real estate measures in Mauritius
The 2023 – 2024 budget, whose theme this year is “Dare and Protect”, was presented by the Minister of Finance, the Honourable Renganaden Padayachy, on 2 June […]
Real estate acquisition by foreigners in Mauritius: Property investors
Mauritius is a very popular destination for foreign investors and thanks to its many assets, it is becoming more and more attractive: political, social and financial stability, modern infrastructure, a democracy based on the separation of powers, an attractive tax system and an exceptional living environment due to its tropical climate and natural assets.
