Advice

A) Law related:

How to buy a property in Mauritius?

To be able to invest your money in a property in our island, you must meet at least one of the 3 criteria listed below:

  1. Being of Mauritian Nationality under community property
  2. Being married to a Mauritian spouse
  3. invest the sum of $ 500,000 .- in Mauritian economy.

B) Financial instructions:

1) What are the costs incurred by the prospective purchaser?

Our agency fees:

  • 2% of the total transaction plus 15% VAT (costs incurred by the seller and the Purchaser)

Notary:

  • 2% on the first Rs 250,000.
  • 1.5% on next Rs 500,000.
  • 1% on the next Rs 1,000,000.
  • 1 / 2% on the balance.
  • + VAT

Registration Fee:

  • 5 % of the declared value

Documents required to be submitted to a Notary for a purchase

  • Passport Photo  
  • Identity card (photocopy)
  • Birth Certificate
  • Marriage Certificate
  • Divorce Certificate
  • Address
  • Profession
  •  

2) What are the costs incurred by the seller?

Our agency fees:

2% of the total transaction plus 15% VAT (costs incurred by the seller and the buyer)

Notary: None

Transfer Fee:  

  1. 5% of Land Transfer Tax "on the declared value, if the property is more than 5 years
  2. 10% of  Land Transfer Tax "on the declared value, if the property has less than 5 years

Documents to be submitted to a Notary for sale

  • Passport photo
  • Identity Card (photocopy)
  • Birth Certificate
  • Marriage Certificate
  • Divorce Certificate
  • Certificate "Clearance"  from the Municipality 
  • Site plan + PIN Number
  • Title Deed
  • Letter of relief for a "floating charge"
  • Last receipt of CEB
  • Last receipt of CWA

3) What are the costs incurred during a rental?

Agency fee (payable by the landlord and tenant)

  1. 1 month's rent + VAT 15%
  2. Terms of Payment: The agency fees are due at the day of signing the contract.

 

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E-mail : contact@profoncier.mu
Tel. : +230 427 8000
Fax :
+230 427 1423
5F, Brown Sequard Avenue - Quatre Bornes. Mauritius
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