Government Law
New Government Law since November 2007 allow foreigners (European) to purchase property in Mauritius through the RES scheme:
- 100% Ownership (Freehold property, the buyer becomes the sole owner of the land and of the property)
- No Visa (Live in Mauritius for a full period of 6 months per year without visa)
- Financial Guarantee (The sale is governed by the VEFA type of contracts - Vente en Etat Futur d’Achèvement. The VEFA is a way of acquisition as legislated by Law.
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Money Change - Mauritian Rs