Indeed, subsequent to the tax treaty signed between Mauritius and several countries (including the UK, Italy, Germany, France and Belgium), foreign investors purchasing real estate in Mauritius under PDS, RES and IRS approved programs benefit of the right of residence on Mauritian territory.
Financial advantages also come along such as no property or residential taxes as well as no taxes on wealth, dividends, capital gains and inheritance following their investment.
If the foreign buyer stays a minimum of 6 months a year on the island, he can claim Mauritius as his tax residence to avoid double taxation. The tax rate is set at only 15% of the income generated on the island.
The properties available for purchase by foreigners (inclusive of right of residence) are in a price range between 275,000 euros for an 80m2 high standard apartment and 390,000 euros for a 3-bedroom deluxe villa.
Any investment of more than 500, 000 US dollars (about 450,000 euros) gives the buyer an automatic right to permanent residence in Mauritius, including their spouse and children aged up to 24 years.