Mauritius is a tropical paradise in the Indian Ocean that has become a popular place for property investors who want to make money from rentals. The island has a strong tourism industry, tax policies that are good for business, and a wide range of rental options. This makes it a great place for both local and foreign investors. This detailed guide goes over all the important things you need to know about renting out property in Mauritius, including the laws you need to follow, the state of the market, and useful tips to get the most out of your investment.
1. The Law That Governs Renting Property in Mauritius
1.1 Rights of Foreigners to Own and Rent Property
Foreign investors can legally buy and rent out property in Mauritius as long as they follow certain rules. The Non-Citizens (Property Restriction) Act lets non-citizens buy property through programs like the Property Development Scheme (PDS), the Integrated Resort Scheme (IRS), and the Real Estate Scheme (RES) Remax24. These plans are meant to bring in foreign investment while making sure that development is long-lasting.
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