The PDS (Property Development Scheme) is a combination of the IRS (Integrated Resorts Scheme) and RES (Real Estate Scheme). Introduced in 2005, it allows foreigners to buy residential properties in Mauritius.
One of the main benefits of the PDS is that it provides a buyer with a permanent residence permit while acquiring a residential property provided the purchase price exceeds USD 375, 000 or its equivalent in any other convertible currency.
Another important amendment to the PDS scheme is that henceforth, real estate developers and promoters are not obliged to sell at least 25 percent of residential units to Mauritian citizens or members of the Mauritian Diaspora. All units can be sold to foreigners willing to invest in Mauritius.
About Permanent Residence
- The residence permit will remain valid as long as the holder maintains ownership of the property. In case the property is resold, the permit lapses. If not, the permit is considered as a permanent one.
- This permit residence allows the purchasers to opt for a tax paradise in Mauritius and thus benefit the particularly favourable fiscal policy of the island (provided that he stays in Mauritius for more than 183 days per year).
- This residence permit is also valid for the purchaser’s family, like his spouse and children till the age of 24 years.