A) Legal Terms:

How to acquire a property in Mauritius?

In order to be able to invest in a property on our island, you have to meet up with at least one of the following requirements:
1) Be of Mauritian Nationality
2) Be married to a Mauritian on the basis of a joint settlement of property
3) Buy in an IRS Project
4) Buy in an RES Project

B) Financial Terms:

1) What are the fees incurred by the buyer?

Beaubourg (agency) Fees
2% of the total transaction + 15% of VAT
(Fees incurred by the vendor and buyer)


Notary Fees
2% on the first Rs 250,000.-
1.5% on the next Rs 500,000.-
1% on the next Rs 1,000,000.-
0.5% on the balance.
+ VAT
Documentation fees: Rs. 1,500.


Registration Fees
5 % on the declared value.

Documents required by the notary

• Photo (passport size)
• Identity card (Photocopy)
• Birth Certificate
• Marriage Certificate
• Divorce Certificate
• Address
• Occupation


2) What are the fees incurred by the vendor?

Beaubourg (agency) Fees
2% on the total transaction + 15% of VAT
(Fees incurred by the vendor and buyer)

Notary Fees
None

Transfer Fees:
a)	The vendor pays 5% of “Land Transfer Tax” on the declared value, if he has owned this asset for more than 5 years.
b)	The vendor pays 10% of “Land Transfer Tax” on the declared value, if he has owned this asset for less than 5 years.

Documents required by the notary

• Photo (passport size)
• Identity card (photocopy)
• Birth Certificate
• Marriage Certificate
• Divorce Certificate
• Clearance Certificate (contact the Municipality)
• Sewerage Certificate (waste water authority)
• Site Plan or Location Plan
• Title deed and co-ownership
• Letter of clearance from the syndic
• A letter of partial erasure of charges for a ‘Floating’ Charge


3) What are the fees incurred for a rental?

Beaubourg (agency) Fees (Payable by the landlord and the tenant)
i)	Contract (FOR 1 YEAR RENTAL) 12 months X monthly rent X 5% + vat
ii)	Contract (FOR TWO YEARS OR MORE) One month + Vat
iii)	Terms of payment Agency fees are due on the date of the signature of contract.

NB: In the case where an initial contract of one year is renewed for a second year, and REGARDLESS of the renewal NOT BEING FORESEEN at the time of the signature of the initial contract, part (2) of the above (Contract (FOR 2 YEARS OR MORE - 24 months X monthly rent X 5% (The commission must not exceed 1 month of rent) +vat) will still apply.