Advice

A) Law related:

How to buy a property in Mauritius?

To be able to invest your money in a property in our island, you must meet at least one of the 3 criteria listed below:

1. Being of Mauritian Nationality under community property
2. Being married to a Mauritian spouse
3. invest the sum of $ 500,000 .- in Mauritian economy.

B) Financial instructions:

1) What are the costs incurred by the prospective purchaser?

Our agency fees:

• 2% of the total transaction plus 15% VAT (costs incurred by the seller and the Purchaser)

Notary:

• 2% on the first Rs 250,000.
• 1.5% on next Rs 500,000.
• 1% on the next Rs 1,000,000.
• 1 / 2% on the balance.
• + VAT

Registration Fee:

• 10% of the declared value

Other:

• (In the case of acquisition of land for lease) 10% of "State Land Tax on the value of lease rights (fresh lease rights)

papers to be submitted to a Notary to purchase

Passport Photo
•  
• identity card (photocopy)
• Birth
• Marriage
• Divorce Act
• Address
• Profession

2) What are the costs incurred by the seller?

Our agency fees:

2% of the total transaction plus 15% VAT (costs incurred by the seller and the buyer) < / p> Notary: None

Transfer Fee:

1. The seller receives Rs 75,000 .- or if the property is owned by two persons married under community property, they receive Rs 150.000 .- and pays 5% of Land Transfer Tax "on the declared value, if this property for over 5 years
2. seller receives Rs 75,000 .- or if the property belongs to two persons married under community property, they receive and pay Rs 150.000 .- 10% " ; Land Transfer Tax "on the declared value, if he has less than 5 years

Other:

• (In the case of the sale of land lease) 10% of "State Land Tax on the value of lease rights (fresh lease rights)

papers to be submitted to a Notary for sale

• Passport photo
• Identity Card (photocopy)
• Act birth
• Marriage
• Divorce Act
• Certificate "Clearance" - see Town
• Certificate "sewerage" < / li>
• Location map + site plan or map location
• title ownership and condominium rules
• Letter trustee "clearance"
• Letter of relief for a "floating charge"

3) What are the costs incurred during a rental?

Agency fee (payable by the landlord and tenant)

1. Contract Hire 10% of the total rent exceeding than 1 month's rent + VAT 15%
2. Terms of Payment The agency fees are due the day of signing the contract.