Attracting foreign capital has always been a major objective of the economic development strategy of the Republic of Mauritius. For many decades now, the island has also been a cherished destination for tourists worldwide, thanks to its never-ending white beaches, its calm turquoise lagoon, its tropical climate and its friendly and locals, among others.
Recently, the government of Mauritius has introduced the so-called "Real Estate Development Schemes" aimed at encouraging non-citizens to become permanent residents of Mauritius, either as self-employed, professionals, retired persons or investors and/or to acquire immovable property on the island. There are currently 2 such schemes; the Integrated Resort Scheme, which concerns the acquisition of luxury, high-class villas costing a minimum of USD 500,000 per villa, and the Real Estate Investment Scheme, which allows the re-deployment of small planters’ agricultural land into residential land and for the construction of real estate
