Who can buy an IRS property?

The concept of the IRS involves a minimum investment of USD 500,000 into a designated IRS. This will enable the investor to own freehold property, as well as the investor and his/her family becoming eligible to reside in Mauritius.

The property can either be acquired directly by the investor in his own name or via an approved holding structure. The acquisition via a holding structure will in no way impede negatively on the residency application, of the ultimate owner.

Under the guidelines of the Board of Investment, the sponsor of the IRS concept, the following persons/entities can apply for an IRS property:

• A non-citizen of Mauritius (including his/her spouse and dependants)
• A foreign company under the Mauritius Companies Act 2001
• A Citizen of Mauritius
• A domestic company incorporated under the Mauritius Companies Act 2001
• A locally registered trust