Brought to market by property developers 2Futures, Ciel Properties and Sun Resorts, the prime location and facilities offer the ideal live-work-play destination, said Richard Haller, director of Pam Golding Properties Mauritius, marketers of the apartments.
“When a non-citizen invests a minimum of $375,000 in a Property Development Scheme such as La Pirogue Residences, they can live in Mauritius under a Permanent Residence permit for as long as they own the home, while their spouse, dependent parents and children younger than 24 years also qualify for the permit.
Also positively, the latest change gazetted on the 27 July 2022 is that foreigners will be able to partner together to purchase one property and apply for more than one residency permit, provided each partner spends the required $375,000 or more. “With an estimated occupancy rate of 65%, owners have the potential to generate an average yield of 6.75% per annum,” said Haller.
With the threat of a wealth tax, it's no surprise high income earners are leaving for lower tax jurisdiction.