Mauritius continues to attract a growing number of international buyers and families seeking to invest or relocate to this idyllic island. In 2023, we saw a notable increase in property transactions, with 646 units sold compared to 532 in 2022, highlighting a rising trend in foreign investment. 

With the opportunity to acquire property through various schemes and secure residency with a minimum investment of USD 375,000, the process is both straightforward and tax-efficient. 

However, it’s important to account for associated fees when buying a property in Mauritius to fully prepare for the additional expenses beforehand.

The associated fees when buying a property in Mauritius for foreigners vary depending on several factors.

1.  For a Mauritian buying a new real estate project, the typical fees to expect are as follows:

• Registration fees – 5% of the property price. 
• Notary fees – generally ranging between 0.75% and 2% of the property price, + VAT. 
• Agency fees, which amount to approximately 2% of the property price, plus VAT. These fees are paid to the real estate agency that facilitated the sale of the property.

It should be noted that for some real estate off-plan projects, these fees may be included in the advertised sale price.

  2.  For a non-citizen purchasing a resale property in Mauritius, the fees will be similar, but there will be an additional cost to consider. Apart from the registration fees, notary fees, and agency fees, the buyer will also need to pay processing fees to the EDB (Economic Development Board) – Rs 25 000 ( Approx USD 555)

Additional fees are payable upon signing the title deed, which typically occurs 3 to 4 months after the deposit. “ However, this timeline can vary depending on whether you are a cash buyer or financing through a loan. For foreign buyers, cash purchases generally expedite the process. Once we receive the EDB approval for acquisition, the buyer simply transfers his funds to complete the deal and proceed to the signing of the title deed. Conversely, if you are financing through a bank, the timing depends on when the bank releases the funds.  At our end, at Mauritius Sotheby’s International Realty, we streamline the process by closely monitoring each step and ensuring that all documents are submitted to the notary in advance to prevent unnecessary delays”, says Fabienne Pallany Francois, Sales and Office Administrator.

If you need more information, contact us – info@sir.mu