The Economic Development Board (EDB) of Mauritius has developed the Property Acquisition Management System (PAMS), a secure, web-based platform designed to streamline the submission, review, and processing of applications for residential property development.
Through PAMS, the EDB offers the following investment schemes:
1. Smart City Scheme (SCS): Encourages the creation of sustainable urban areas that integrate residential, commercial, and recreational spaces, fostering innovation and community living.
2. Property Development Scheme (PDS): Facilitates the development and sale of high-end residential properties to non-citizens, enhancing the luxury property market.
3. Invest Hotel Scheme (IHS): Promotes investment in the hotel sector by allowing non-citizens to acquire hotel properties, supporting the growth of Mauritius' tourism infrastructure.
4. Integrated Resort Scheme (IRS): Enables non-citizens to invest in luxury resorts and residential units, offering exclusive living and leisure experiences.
5. Real Estate Scheme (RES): Allows non-citizens to purchase residential properties in approved developments, fostering international investment in Mauritius' real estate market.
6. Acquisition of Property (USD 500k): Permits non-citizens to acquire property valued at USD 500,000 or more, making it easier for foreign investors to access prime real estate.
7. Apartment G+2 (AOA): Regulates the construction of apartment buildings with up to two additional floors, enhancing urban development and residential options.
8. Acquisition of Property (AOP): It enables non-citizens to acquire immovable property under specific conditions. This initiative aims to attract foreign investment and stimulate the real estate sector.
The EDB ensures compliance with local regulations and actively fosters growth in key sectors such as real estate, tourism, finance, and technology. Additionally, the EDB facilitates permits, approvals, and business incentives to establish Mauritius as a globally competitive investment hub.