Mauritius records FDI of MUR 23.1 billion for the first 3-quarters of 2023

According to the Preliminary Gross Direct Investment flows published by the Bank of Mauritius (BoM) on 9 February 2024 for the 3-quarters of 2023, gross direct investment flows in Mauritius is estimated at Mur 23,100 million for the first three quarters of 2023 compared to Mur 18,231 million for the corresponding period in 2022 representing an increase of 27%.

 

Receipts generated from Real Estate activities especially through the specified schemes such as Integrated Resort Scheme, Real Estate Scheme, Invest Hotel Scheme, Property Development Scheme, Smart City Scheme (collectively referred to as the “Schemes”), comprised a major chunk of the gross direct investment inflows (MUR 15,849 million i.e. 69% of gross direct investment inflows).

 

Over the years, the Government has introduced schemes to enable non-citizens to acquire properties in Mauritius and under which, the applicants and their eligible dependents are able to apply for residency permits. In addition, more incentives have been introduced in the Finance Act 2023 as summarized below:

 

• A newly introduced “Sustainable City Scheme” which entitles non-citizens investing a minimum of USD 375,000 in same to apply for a residence permit.
• Senior non-citizens (i.e. those aged above 50 years) will now be eligible for a residence permit if they acquire a residential property under the Property Development Scheme related to senior living for a minimum of USD 200,000. The spouse, dependent children and parent of the applicant will also be eligible to apply for a residence permit as dependent.
• non-citizens who are not yet resident in Mauritius, can now acquire one property of not less than USD 500,000 (outside of the above-mentioned Schemes) subject to the payment of additional duty leviable.

 

If you would like to get more information about the Schemes, please write to us on bd@mitcoworld.com

 

To access the Preliminary Gross Direct Investment flows report published by the BoM for the 3-quarters of 2023, please click HERE