APPROPRIATE STRUCTURING
 

IRS Management Services Ltd provides advice on the most appropriate structures to hold the property, bearing in mind the interest of a prospective buyer in terms of asset protection, tax planning and estate planning.

Establishment and management of the holding structure(s)

Once the appropriate holding structure has been agreed upon, IRS Management Services Ltd can establish the structure, be it locally and/or abroad. IRS Management Services Ltd will then manage the structure via the provision of a variety of services including Registered Office, Company Secretary and local Directorship. By providing these services, IRS Management Services Ltd ensures that the structure is compliant with all applicable laws of Mauritius.

Liaise with the IRS developer regarding purchase documentation

IRS Management Services Ltd is fully conversant on the procedures to be followed to acquire an IRS Property and have established relationships with both the IRS promoters and developers. As such, we are able to act as the intermediary between the IRS promoter and the IRS purchaser, particularly when the purchaser is not resident on the island.

Liaising with banks for financing

The major banks do consider finance applications for the acquisition of IRS properties. Whilst each finance application is handled on a case by case basis, a general guideline in terms of the criteria for the financing, include:

·         Finance of up to 70% of the purchase price of the IRS property

·         Up to 100% funding with additional collateral

·         Maximum term of 15 years fully amortising

·         Flexible terms and conditions, however the basis for the loan is based on the ability to service the capital and interest payments

·         Multi-currency funding and the ability to switch currencies

·         Raising fee 0.5% of the facility amount if secured with cession of life cover, otherwise 1%

IRS Management Services Ltd has existing relationships with both domestic and offshore banks in Mauritius. It therefore acts as a facilitator and as an intermediary when applications for financing are submitted to the banks.