Mauritius, a retirement paradise, offers warm weather, serene surroundings, and an affordable lifestyle. The Property Development Scheme (PDS) provides homes perfect for independent over-50s, equipped with social and recreational amenities.
Foreign retirees can acquire a unit or lifetime rights in these projects without any minimum price limit. They can also apply for a residence permit for them and their partners.
Current PDS projects include:
- Reduit, Moka: 200 units, a frail care unit, and a clubhouse.
- Palma, Quatre Bornes: 68 units and amenities.
- La Louise, Quatre Bornes: 63 units with related facilities.
- Forest Side, Curepipe: 77 apartments, 22 frail care units, and amenities.
Mauritius offers a rich, vibrant lifestyle for retirees.
Here’s a concise version of the PDS Senior Living Guideline:
SECTION 1: PROPERTY TRANSACTIONS
The PDS Senior Living accommodates transactions at all stages of construction for eligible buyers, including Mauritian citizens, non-citizens, Mauritian Diaspora members, and various legal entities. Sale price for properties can be divided into stages.
Non-citizens can finance residential properties in foreign currencies. They must apply to the Economic Development Board, including a 20,000 rupees processing fee. The PDS company undertakes diligent screening before submitting applications.
SECTION 2: RENTING AND LEASING
Residential property owners can rent exclusively to retired individuals. Foreign retirees need to apply to the Economic Development Board. Mauritian citizens and Diaspora members don’t need authorization.
SECTION 3: ACQUISITION OF LIFE RIGHT
Acquiring a life right allows you to live rent-free in a property for life, without ownership. Upon termination or death, you or your heir receive an agreed sum as the initial investment. Specific documentation is needed for foreign retirees to acquire life rights.
SECTION 4: RESIDENCY
Non-citizens can obtain a residence permit in Mauritius, allowing them to live in a senior living unit with their spouse or common-law partner. No minimum investment is required. Essential documents need to be submitted for application.
SECTION 5: RESALE OF PROPERTIES
Property owners can resell properties after notifying the Economic Development Board and the PDS company 30 days in advance. Buyers must follow specific guidelines and pay a non-refundable fee.