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| | | Forum Newbie
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Last Login: Friday, June 12, 2009 11:34 AM
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| If you're thinking of investing in overseas property don't exclude Mauritius from your research. According to many articles I've read it's a property hotspot - see http://www.guardianweekly.co.uk/?page=editorial&id=749&catID=13. Until recently the law prohibited overseas residential investors but all that has changed since the island's traditional industries have taken a downturn.
Take a look at this site which gives some interesting facts about living in Mauritius and advice on how to buy.
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| | | Forum Newbie
Group: Forum Members
Last Login: Monday, September 07, 2009 10:53 AM
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| The ability of non-residents being able to buy property in Mauritius has changed and the government does allow non-residents to buy in approved IRS and RES schemes, but this is subject to a minimum investment of USD 500,000. A non-resident could, however, apply for an Occupation Permit and after 3 years they will qualify for Permanent Resident status and are then free to buy property anywhere in Mauritius.
The requirements to qualify for residency and buying property in approved schemes can be checked out on www.fineandcounty.mu/property/about-mauritius/. I will be happy to address questions about what is possible |
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