Residency through purchase of property

You Can not Buy Multiple Properties to add up to 375K It has to be One

@saimasayyid086 hello, reach out to me directly at [link moderated]

I can explain you the process.

thanks

ece

Hello Ece,

For the benefit of everyone on the forum, we advise members to share any information that they have on the forum itself.

I thank you for your understanding.

Cheers,

Yoginee

Expat.com team

For the reason that the OP (Occupancy Permit) is linked by the EDB (Economic Development Board) to the property that you buy for minimum USD 375 000, it has to be only ONE property.

You retain the OP for as long as you own the property; as soon as you sell the property then you and your dependants also lose the OP that is linked to it.

According to the latest changes (July 2022), expats no longer need to buy an appartement, duplex, bungalow or villa in one of the IRS, PDS, IHS, RES, G+2 or SCS (Smart City) schemes - you can now buy Anywhere on the island, from any seller, but it has to be a SINGLE property for at least USD 375 000.

Buying from an individual might relieve you from over-inflated pricing in the expat housing schemes to a certain extent, but on thr other hand those schemes do offer some built-in protection for the buyer that he does not enjoy when buying directly from an individual, so the warning remains: Caveat Emptor (let the buyer beware)

Reading List:

https://www.edbmauritius.org

https://www.parklane.mu/en/foreign-acquisition/

https://www.parklane.mu/en/news/schemes … -estate-in

https://knowhouse.mu/blog-fractional-ow … mauritius/

https://residency.mu/wp-content/uploads … _Amnd_.pdf

https://residency.mu/acquire/

https://residency.mu/practical-informat … uirements/