PORT-LOUIS, Mauritius, July 14, 2014 /PRNewswire/ --
In 2013, growth within the real estate sector was largely boosted up by luxury residential development, namely IRS (Integrated Resort Scheme) and RES (Real Estate Scheme). In 2013 alone, the number of villas under construction amounted to more than 200 for some 41 projects.
The creation of the Integrated Resort Scheme was fueled by the will of the Mauritian authorities to allow foreigners to buy real estate properties in Mauritius under certain criteria. Since then, three attractive options have been thoughtfully designed geared towards attracting foreigners to acquire a home in Mauritius, the Integrated Resort Scheme (IRS), the Real Estate Scheme (RES) and the Invest Hotel Scheme (IHS), where expatriates may enjoy 5-star refine service of luxury beachfront villa on acquisition of a room, villa or suite in a high-class hotel on the island.
To discover Luxury Properties in Mauritius, check the Luxury Mauritius Magazine on the following link: http://www.luxurymauritiusmagazine.com/en/
We could talk of its fine sandy beaches, its turquoise lagoon, its cane-fields but you are already familiar with this paradisiacal image of Mauritius: a peaceful co-existence between communities of European, African, Indian and Chinese origin, each with its culture, religion and traditions. Mauritius is turning into one of the most attractive destinations worldwide to invest in real estate, more particularly in luxury properties. Celebrities, renowned business leaders and prominent politics have discretely invested in a little piece of paradise in Mauritius.
Definitely this tropical island is a paradise… A paradise because of its perfect climate and ideal strategic location in the Indian Ocean interconnecting Europe, Asia and Africa with the rest of the World. But a paradise also because of its advantageous tax system!
Mauritian authorities have implemented a low-rate taxation system aimed at encouraging local and foreign companies to set up in the island. The main fiscal advantages include: absence of inheritance tax - absence of tax on dividends (capital gains) - tax of 15% on company profits and personal income - tax credits up to 80% for offshore companies - refundable Value-Added Tax at 15% - no custom duty or VAT on equipment -absence of restriction on repatriation of profits, dividends and capital - no tax on short-term appreciation.
Reducing taxes by investing in a luxury beachfront IRS/ RES property in Mauritius
The Integrated Resort Scheme (IRS) represents the ultimate in luxury. For a minimum outlay of US$ 500,000, you can acquire a luxury villa with a pool, usually in a residential complex with facilities that may include a golf course, a marina and restaurants, as well as sporting facilities and fitness centers.
The other option concerns the Real Estate scheme (RES). Often less expensive than IRS villas, these properties offer quality services and facilities, often in delightful locations. The regulatory framework is slightly different. RES projects concern developments on less than ten-hectare sites and there is no set minimum price.
Discover the following IRS projects with more details: http://www.luxurymauritiusmagazine.com/en/luxury-real-estate-in-mauritius/
Anahita : Heavenly Happiness
Anahita is a haven of peace, a perfect combination of relaxation and leisure activities. Daily life revolves around a range of dining, shopping, entertainment and sporting options, not to mention the joys of nature all around. There is access to a private beach on nearby Ile aux Cerfs, with a boat shuttle service running every hour.
RoyalPark: A stunning development bringing a new lifestyle to Mauritius
Royal Park is a unique residential project, situated in 90 hectares of stunning beachfront and parkland on the North West coast of Mauritius. Promoting a new lifestyle and community philosophy previously unknown on the island, Royal Park has been consciously designed for local and international owners alike.
La Balise Marina... ...it is Venice!
La Balise Marina has appeared from nowhere like a little tropical Venice, with its slow-moving canals flowing under palm trees, its vast villas with their private pools and its waterside duplex for lovers of the sea, each with its own mooring, where the boats await the signal to cast off for long or short trips. There will be plenty of spaces too for community living―a commercial center, the Rituals Spa, a sports club, a kids' club, shops and restaurants. A de-luxe village.
Tamarina Golf Estate: Made in Medine
Owning a villa at the Tamarina Golf Estate is a completely unique experience. On the surface it might seem to share its special qualities with some of the other freehold properties in Mauritius but going beyond the obvious will reveal that it is unlike any other place on the island.
Discover the Real Estate treasures of Mauritius and the advantages of investing IRS, RES and IHS by clicking on the following link: http://www.luxurymauritiusmagazine.com/en/luxury-real-estate-in-mauritius/
About Luxury Mauritius Magazine
Luxury Mauritius Magazine is a high-end bilingual publication designed in Mauritius, geared towards business, real estate, luxury lifestyle, products and services in Mauritius. Through this magazine, we wish to invite our readers on a journey to the heart of our island by means of presentations by leading local and regional stakeholders prominent in their respective fields. Thanks to the expertise of interviewed professionals, we provide answers to questions set by potential buyers, investors and retired foreigners. You will also find testimonies of expatriates in settled in Mauritius.
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SOURCE Luxury Mauritius Magazine by lexpressproperty.com