Procedure
Apply via Agent
Apply In-Person:
- To Register in the Real Estate Scheme (RES) in person, the applicant has to approach the Economic Development Board, Mauritius link
- The applicant should obtain the application form from the Economic Development Board.
- After obtaining the application form, the applicant has to fill the form with all necessary information and details.
- The applicant should attach all necessary documents to the application form.
- The applicant has to provide all the required documents, including a copy of their passport, a valid permit of residence, a valid bank statement, a valid police clearance certificate and they can be found under the “Required Documents” section of this page.
- The applicant should submit the completed application form and other documents to the Economic Development Board.
- Along with the application form and documents, the applicant should pay the registration fees.
- A fee for this procedure has to be paid as per the authority’s request.
- Once the application is submitted, the Economic Development Board will review the application and assess the eligibility of the applicant.
- Once the application is submitted and the financing is secured, the investor will need to close the deal. This includes signing the purchase agreement, paying a deposit, and transferring the title of the property to the investor.
- The Economic Development Board will provide the applicant with a letter of approval or rejection.
- In case of approval, the applicant should proceed to the Bank of Mauritius to open a Special Investment Account and deposit the required amount.
- After the funds are deposited, the applicant should approach the Economic Development Board to obtain the certificate of registration.
- Once the certificate of registration is obtained, the applicant can proceed with the purchase of the property and the registration of the land title.
- Generally, the whole process can take up to 4 to 6 weeks.
Required Documents
- Application form
- Proof of identity (such as a valid passport or identity card).
- Proof of residence (such as a utility bill or bank statement).
- Registration form (available from the Board of Investment).
- A copy of the real estate agreement or proof of purchase.
- A copy of the Certificate of Title or proof of ownership.
- A copy of the appraisal report of the property.
- A copy of the legal documents related to the property (lease agreement, etc).
- A copy of the building permit (if applicable).
- A copy of the floor plans.
- A copy of the development plan (if applicable).
- Bank statements or other financial documents showing the source of funds used to acquire the property.
- A copy of the proposed development plan (if applicable).
- A copy of the title deed (if applicable).
- A copy of the Building Permit (if applicable).
- A copy of the Valuation Certificate (if applicable).
Office Locations & Contacts
Economic Development Board, Mauritius
Board of Investment (BOI)
Address: Wall St, Quatre Bornes, Mauritius
QF3V+2G Quatre Bornes, Mauritius
Contact number: +2302033800
Location link
Contact link
Eligibility
- In Mauritius, anyone aged 18 years or older and of any nationality can register for the Real Estate Scheme (RES).
- The individual must have a valid passport and must not have been denied access to Mauritius in the past.
- Additionally, the individual must have the capacity to undertake a property transaction and must have the necessary financial resources to do so.
Fees
- A fee for this procedure has to be paid as per the authority’s request.
Validity
- The validity period for the Real Estate Scheme (RES) is 10 years from the date of registration.
Documents to Use
Please attach documents that can be used by people. e.g. links
Sample Documents
Please attach sample completed documents that would help other people.
Processing Time
- Generally, the whole process can take up to 4 to 6 weeks.
Videos explaining the procedure or to fill the applications.
Attach videos using the following tag <&video type='website'>video ID|width|height<&/video&> from external websites.
Please remove the '&' inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver,
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.g In the following url 'http://www.youtube.com/watch?v=Y0US7oR_t3M' Video ID is 'Y0US7oR_t3M'.
Instructions
- Decide on a suitable investment product: In Mauritius, investors can choose to invest in a range of real estate-backed investments, such as Real Estate Investment Trusts (REITs), Real Estate Scheme (RES), Property Development Funds (PDFs) and collective investment schemes.
- Research the market: Before investing in any of the above-mentioned real estate-backed investments, it is important to research the real estate market in Mauritius. Investors should consider the current rental rates, property prices, economic trends and other factors that could affect their investments.
- Choose a reliable real estate agent: Investors should select a trustworthy and experienced real estate agent who will help them to locate suitable investment opportunities.
- Choose an investment option: Investors can choose to invest in either a REIT or a RES. A REIT is a security that is backed by real estate assets, such as office buildings, shopping centers, apartments, and hotels. A RES is an investment vehicle that allows investors to pool their funds to purchase real estate or to manage a portfolio of properties.
- Submit the investment paperwork: Once the investor has chosen their investment option, they will need to submit the required paperwork to the Financial Services Commission in Mauritius.
- Secure financing: Most real estate investments require some form of financing. Investors should carefully consider the terms of the loan and make sure that the loan is secured against the asset.
- Close the deal: Once the paperwork is submitted and the financing is secured, the investor will need to close the deal. This includes signing the purchase agreement, paying a deposit, and transferring the title of the property to the investor.
- Negotiate: Negotiations are an important part of the real estate process in Mauritius. Applicant should be prepared to negotiate on price, closing costs, and other details.
- Follow up: After closing the deal, investors should ensure that the property is managed properly and that all rental payments and other expenses are paid on time. Regular reviews of the investment performance should also be conducted to ensure that the investment is on track.
Required Information
- Name of Applicant
- Address
- Contact Information (Phone Number and Email Address)
- Date of Birth
- Nationality
- Passport Number
- Preferred Payment Method (Bank Transfer, Credit Card etc.)
- Details of the Property to be Purchased (Location, Size, Price etc.)
- Proof of Funds (Bank Statements, Tax Returns etc.)
- Tax Identification Number
- Declaration of Source of Funds (if applicable)
- Declaration of Beneficial Ownership (if applicable)
- Signed Declaration of Completion of Due Diligence and Compliance with the Real Estate Scheme Regulations.
Need for the Document
- Registering in the Real Estate Scheme (RES) in Mauritius is a regulatory requirement for any foreign investor who wishes to purchase a property in Mauritius.
- The main purpose of the RES is to ensure the transparency and integrity of the real estate market and to protect the interests of all parties involved in real estate transactions.
- Registration with the RES is also a way of guaranteeing that all real estate transactions adhere to the laws and regulations of Mauritius.
More information can be obtained via link
Other uses of the Document/Certificate
Please explain what are other uses of obtaining this document/certificate.
e.g. Birth Certificate can be used as proof of identity.
External Links
Others
More information which might help people.