What is a Property Development Scheme (PDS)?

The Property Development Scheme (PDS) enables noncitizens, Mauritians and the Mauritian diaspora to acquire property within a prestigious residential development. 

The PDS harmonises the registration tax at a single rate of 5% (instead of USD70,000 for registration of a deed under an Integrated Resort Scheme (IRS) and USD25,000 under a Real Estate Scheme (RES)). The PDS has replaced the IRS and RES.

A foreign buyer, i.e. a noncitizen, who invests more than USD375,000 (or the equivalent in another currency) in a PDS is eligible for permanent resident status. In addition, their dependents (spouse, children under 24 years of age, and dependant parents) are granted a permanent residence permit. 

What's more, the buyer and their spouse no longer need an occupation permit to invest and work in Mauritius.