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Our IRS offers:
For Sale For Rental
What is the Integrated Resort Scheme (IRS)
The IRS is a project for the construction and sale of luxury villas to foreigners
near the coast of Mauritius. The acquisition of a villa for residential purposes
only by a foreigner under the Scheme will allow the foreigner and his family
to reside in Mauritius as long as he holds the property.
Minimum investment $500 000.
Luxury villas
Villas sold under the scheme form part of a complex of luxury villas of international
standard and high-class facilities and amenities such as: golf course, marina and
individual swimming pool, nautical and other sport facilities, health and beauty centres,
high class restaurants amongst others. Maintenance, waste disposal, gardening, security
and other household services are also included.
The extent of land in respect of each villa shall not exceed 0.5276 hectares.
The villa can be acquired off plan or during the construction phase.
Occupation Permit under IRS
The acquisition of a villa under the Scheme shall grant resident and work status
(through an occupation permit) to the investor, his spouse and dependents.
An occupation permit granted under the IRS shall remain in force while the non-citizen
holds immovable property in Mauritius under the scheme.
Application for Occupation Permit shall be made at the time of applying for IRS.
With effect from June 2007, IRS residents may acquire Occupation permits that provide
them with the right to live and work in Mauritius.
It is unclear at this stage whether this Occupation Permit can be converted into a Permanent
Residence Permit, giving the holder and his immediate family the right to live work and
purchase property in Mauritius for ten years.
Frontfin will be happy to assist IRS owners if they have the need to work in Mauritius or if they
need to purchase non-IRS property by becoming Permanent Residents.
If the IRS unit is owned by a corporate body, a person may be nominated to be the resident
who will have the same rights as an individual owner.
Who can apply to buy a villa under IRS?
Any one of the following can apply under the Scheme:
• Non- citizen of Mauritius (including his spouse and dependants);
• A foreign company under the Companies Act (of Mauritius) 2001;
• A citizen of Mauritius;
• A company incorporated under the Companies Act 2001.
Selling of immovable property
It is possible provided written notice is given to the Board of Investment 30 days prior to the sale.
Resident Status will be lost on selling the villa.
Restrictions
An owner may not rent or lease the unit except through the IRS development company or its appointee.
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