Integrated Resort Scheme & Real Estate Scheme

Due to the fact that Mauritius forms part of South African Development Community (SADC), it is possible for South African buyers to purchase an IRS property, using the South African Reserve Bank property allowance dispensation i.e money in excess of their ZAR 2 m up to the value of the property.

When using one’s property allowance, the purchaser is obligated to purchase the property in their own name. In order to effect this purchase, the buyer needs to obtain both tax and South African Reserve Bank clearance to do so.

IRS Management Services Ltd has developed a relationship with a South African-based tax and reserve bank specialist, who can provide a one-stop shop service of tax planning and advice, tax and South African Reserve Bank clearances.

Buying a property on the island can be considered as both a solid long-term investment and a unique holiday destination. However, once the decision has been taken to invest in an IRS and/or RES, a number of questions arise, such as:

• What is the optimum structure to purchase the property?
• Who will manage payments and keep track of all levies, bills and VAT associated with the property when the buyer is not in Mauritius?
• How will the necessary outgoing payments for the purchase of the property be effected?
• Who will liaise with the IRS and/or RES villas developers to sign documents and ensure that the allocated plot is being finalized for delivery?

In order to address all the above issues, IRS Management Services Ltd was incorporated to provide a one stop shop service for IRS and RES investors.

• Core Services
• Additional Services