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Property in Mauritius: what you need to know
Sanlam Trustees International
Aug 20, 2019
South Africans can purchase property in Mauritius only in one of the approved Integrated Resorts Schemes and Real Estate Schemes – sometimes jointly referred to as Property Development Schemes (there’s also an Invest-Hotel Scheme (IHS) for hotel developers, not covered here). Deciding which property to buy is only the first of a number of decisions you need to make, however. A key decision is the form of ownership you’d like – there’s no one-size-fits-all solution.
When buying property in Mauritius, you must consider:
The four structures most South Africans consider when purchasing a property in Mauritius are:
* = A Mauritian société can also be used to replace the Mauritian domestic company, but this option is not covered here.
^ = If a special purpose vehicle (SPV) has been structured for the express purpose of avoiding the mandatory provisions of the forced heirship rule in Mauritius, the structure could be challenged and seen as a sham, which would make the Mauritian laws of succession applicable.
There are no hard and fast rules in terms of which option to choose, and each situation needs to be assessed on its own merits. Here are some examples:
If you have any questions about buying property in Mauritius, please call Nick Jeffrey on 021 672 1865 or email email@example.com.
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All reasonable steps have been taken to ensure that the information on this website is accurate. The information does not constitute financial advice as contemplated in terms of FAIS. Professional financial advice should always be sought before making an investment decision.
Participation in Sanlam Private Wealth Portfolios is a medium to long-term investment. The value of portfolios is subject to fluctuation and past performance is not a guide to future performance. Calculations are based on a lump sum investment with gross income reinvested on the ex-dividend date. The net of fee calculation assumes a 1.15% annual management charge and total trading costs of 1% (both inclusive of VAT) on the actual portfolio turnover. Actual investment performance will differ based on the fees applicable, the actual investment date and the date of reinvestment of income. A schedule of fees and maximum commissions is available upon request.
COLLECTIVE INVESTMENT SCHEMES
The Sanlam Group is a full member of the Association for Savings and Investment SA. Collective investment schemes are generally medium to long-term investments. Past performance is not a guide to future performance, and the value of investments / units / unit trusts may go down as well as up. A schedule of fees and charges and maximum commissions is available on request from the manager, Sanlam Collective Investments (RF) Pty Ltd, a registered and approved manager in collective investment schemes in securities (‘Manager’).
Collective investments are traded at ruling prices and can engage in borrowing and scrip lending. The manager does not provide any guarantee either with respect to the capital or the return of a portfolio. Collective investments are calculated on a net asset value basis, which is the total market value of all assets in a portfolio including any income accruals and less any deductible expenses such as audit fees, brokerage and service fees. Actual investment performance of a portfolio and an investor will differ depending on the initial fees applicable, the actual investment date, date of reinvestment of income and dividend withholding tax. Forward pricing is used.
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