IRS (Integrated Resort Scheme)

The Integrated Resort Scheme (IRS) is designed to facilitate the acquisition of residential property by foreigners in Mauritius. The IRS is a project for the development and sale of luxurious residential units to non-nationals.

  • At least USD 500,000 (excluding taxes) has to be invested to acquire residential property
  • Development of luxury residential units on freehold land of more than 10 hectares (23.69 arpents).
  • The extent of land that may be used for the development of a single residential property, other than for an apartment or a penthouse, under the IRS must not exceed 0.5276 hectare (1.25 arpents).
  • Land transfer tax of 5% is payable by the IRS company on the value of the property sold.
  • A registration duty of USD 70,000 or 5% of the value of the property, whichever is higher, is payable by the purchaser
  • Board of Investment Application Fee, which is currently MUR 10,000.
  • A residential property may be acquired from an IRS company by:
    • a citizen of Mauritius;
    • a non-citizen;
    • a local or foreign company incorporated under the Companies Act;
    • a société; or a trust.

Entities holding a Global Business Licence cannot acquire property under the IRS.

  • The Integrated Resort Scheme allows:
    • For the development of luxurious residential units, on freehold land of more than 10 hectares, to be sold at a price exceeding USD 500,000.
    • High-class leisure and commercial amenities and facilities intended to enhance the residential units. These may include but are not limited to, golf course, marina, nautical and other sports facilities, shopping mall, restaurant and wellness centre. Day-to-day management services such as security, maintenance, gardening, solid waste disposal and household services have to be provided to the residents.
    • For a social contribution in terms of social amenities, community development and other facilities for the benefit of the community.