Stone Investment
Enquire
EN
EN/FR
Sign In
Menu Aesthetic

"Luxury is in each detail."

Hubert de Givenchy

  • 01The Collection
  • 02The Firm
  • 03Contact
  • 04Mauritius
  • 05Provence
  • 06Valuations
  • 07Journal
Enquire

Provence • Mauritius

+33 4 88 04 38 07

EN/FR
Private Access
ESCto close

Discover Your Sanctuary

Quick Links

The CollectionThe FirmValuationsProvenceMauritiusJournalContact
↑↓navigate↵select

Stone Investment

All guidesMauritius

Mauritius PDS Scheme Explained — Your Complete Guide

Everything you need to know about the Property Development Scheme (PDS) in Mauritius — eligibility, minimum investment, residency pathway, tax implications, and how PDS compares to IRS, RES, and Smart City.

What Is the Mauritius PDS Scheme?

The Property Development Scheme (PDS) is Mauritius's current flagship programme for foreign property investment. Introduced to consolidate and simplify earlier investment frameworks, PDS allows non-citizens to purchase freehold property within EDB-approved developments while qualifying for permanent residence.

PDS developments span the full spectrum of luxury real estate — from intimate beachfront villas to expansive integrated communities featuring championship golf courses, private marinas, wellness centres, and retail precincts. Each project must meet strict criteria set by the Economic Development Board regarding land use, environmental standards, infrastructure provision, and minimum investment thresholds.

For international buyers, PDS represents the most straightforward and well-supported pathway to owning property in Mauritius. The scheme provides legal certainty, freehold title, and a clear connection between property investment and residency rights. Stone Investment maintains an exclusive portfolio of PDS properties across the island's most prestigious locations.

The Art of Living

Join our private circle to receive our exclusive offers and invitations to privileged events.

Stone Investment

Headquarters

64, rue Sainte

13001 Marseille, France

Indian Ocean

Black River Gorges

90403 Grande Rivière, Mauritius

Editorial

  • The Journal

Collection

  • Mauritius
  • Provence

Discover

  • Area Guides
  • Buyer Guides
  • Market Insights

Corporate

  • About Stone Investment
  • Contact

© 2026 Stone Investment

Privacy PolicyTerms of UseGDPRCookiesLegal Notice
Global - EN

From IRS to RES to PDS: The Evolution of Foreign Investment Schemes

Understanding the history of Mauritius's property investment schemes provides valuable context for today's market.

The **Integrated Resort Scheme (IRS)** was launched in 2002 as Mauritius's first structured programme for foreign property buyers. IRS developments were large-scale luxury resorts — think golf estates, beachfront hotels, and marina complexes. The minimum investment was USD 500,000, and the scheme established Mauritius as a credible luxury destination.

In 2007, the **Real Estate Scheme (RES)** was introduced as a more accessible alternative. RES projects were typically smaller in scale, and the minimum investment was reduced to USD 375,000. This opened the market to a broader range of international buyers and catalysed development across the north and west coasts.

The **Property Development Scheme (PDS)**, effective from 2015, unified IRS and RES into a single framework. Existing IRS and RES projects were grandfathered, but all new foreign investment developments must now operate under PDS rules. This consolidation simplified regulation, reduced administrative burden, and maintained the USD 375,000 minimum threshold.

Today, when you search for PDS property in Mauritius or RES property for sale in Mauritius, you are typically looking at the same underlying market — PDS is the current regulatory umbrella.

PDS Eligibility: Who Can Buy Property in Mauritius?

The PDS scheme is open to all foreign nationals — there are no nationality restrictions, age limits, or requirements regarding prior connection to Mauritius. Whether you are a South African entrepreneur, a French retiree, a British professional, or an investor from the Middle East or Asia, you are eligible to purchase within an approved PDS development.

Eligibility requirements focus on the property and the development rather than the buyer:

The development must hold a valid PDS permit issued by the EDB. The property must meet the minimum investment threshold of USD 375,000. The purchase must be conducted through a registered Mauritian notary. Funds must be transferred through approved banking channels, with the foreign exchange transaction documented.

Corporate ownership is also permitted — foreign companies may purchase PDS property, though individual ownership is more common for residential buyers seeking residency benefits. Trust structures and offshore company ownership require careful structuring and specialist legal advice.

There is no limit on the number of PDS properties a foreign buyer may own, though each qualifying purchase can support a residency application.

PDS is open to all nationalities with no restrictions. The key requirement is purchasing within an EDB-approved development at or above the minimum investment threshold.

PDS Minimum Investment: The USD 375,000 Threshold

The minimum investment under PDS is **USD 375,000** — a threshold that has remained consistent since the RES era and represents one of the most accessible entry points among comparable international property markets.

This minimum applies to the purchase price of the property itself. It does not include registration duty (5%), transcription fees (1% for properties above MUR 6 million), notary fees, or agency commissions. Buyers should budget a total acquisition cost of approximately USD 400,000–410,000 when planning at the minimum threshold.

Developments across Mauritius offer properties at various price points above the minimum. Entry-level PDS apartments or townhouses may start at USD 375,000–450,000, while premium beachfront villas in locations like Tamarin or Grand Baie typically range from USD 600,000 to over USD 2 million.

The minimum investment threshold is also the qualifying amount for the permanent residence permit. Investing exactly USD 375,000 meets the requirement — there is no benefit to exceeding the minimum for residency purposes, though higher-value properties may offer superior locations, finishes, and investment returns.

The USD 375,000 minimum applies to the purchase price only. Registration duty, notary fees, and transcription fees are additional costs that must be budgeted separately.

Minimum investment
USD 375,000
Total acquisition cost (approx.)
USD 400,000–410,000 at minimum
Currency
USD (typically invoiced in USD or EUR)
Residency threshold
Same — USD 375,000

Permanent Residency Through PDS Property Investment

One of the defining benefits of PDS property investment is the pathway to **permanent residence**. An investment of USD 375,000 or more in an approved PDS development qualifies the buyer — and their dependants — to apply for a permanent residence permit through the Economic Development Board.

The permanent residence permit grants indefinite right of abode in Mauritius. Holders may live, work, invest, and conduct business on the island without time restrictions. Dependants including spouse and unmarried children under 24 may be included in the application.

The application process typically takes two to four months following property registration. Required documentation includes proof of property purchase, police clearance certificates, medical certificates, and evidence of sufficient funds. Stone Investment assists clients with residency applications as part of our comprehensive service.

Permanent residence is distinct from tax residency — which requires 183 days of physical presence in Mauritius per year. Many PDS buyers maintain permanent residence while continuing to spend part of the year in their home country, using Mauritius as a base rather than a full-time residence. For details on tax residency rules, see our guide to Mauritius tax benefits.

PDS vs IRS vs RES vs Smart City: Scheme Comparison

Choosing the right investment framework requires understanding how the various schemes compare. While PDS is the current standard, legacy IRS and RES properties remain available on the secondary market, and Smart City offers an alternative model.

When buying on the secondary market, verify whether the property falls under IRS, RES, or PDS — the scheme affects resale restrictions and residency eligibility for future buyers.

FeatureIRS (Legacy)RES (Legacy)PDS (Current)Smart City
StatusGrandfathered onlyGrandfathered onlyActive — new projectsActive — new projects
Min. investmentUSD 500,000USD 375,000USD 375,000Varies by project
Property typeLarge resort estatesSmaller developmentsAll scalesIntegrated mixed-use
Freehold titleYesYesYesYes
Residency eligibleYesYesYesProject-dependent
New approvalsNoNoYesYes
Typical locationsCoastal premiumNorth & west coastIsland-wideMoka, central

Tax Implications of PDS Property Investment

PDS property ownership in Mauritius carries significant tax advantages that enhance the overall investment proposition.

**No capital gains tax** applies when you sell your PDS property. Unlike South Africa (where CGT reaches 18%), the UK (up to 28%), or France (30% flat rate plus social charges), Mauritius imposes zero tax on property disposals regardless of holding period or profit level.

**Rental income** derived from PDS property is taxed at Mauritius's flat **15% income tax rate** — among the lowest in the world for personal income. If you become tax resident (183+ days per year), this rate applies to your worldwide income under Mauritius's territorial tax system.

**No property tax, wealth tax, or inheritance tax** applies in Mauritius. Annual holding costs are limited to syndic fees (for apartments), insurance, and maintenance — there is no recurring tax on property value.

**Stamp duty** of 5% plus 1% transcription fee is payable once at purchase — not annually. For French buyers, it is worth noting that owning property abroad does not exempt you from French wealth reporting obligations (IFI) unless you become non-resident for tax purposes.

Consult our comprehensive guide to tax benefits of investing in Mauritius for detailed comparisons with your home jurisdiction.

Typical PDS Developments and What to Expect

PDS developments across Mauritius share common characteristics while offering distinct lifestyle propositions.

**Coastal PDS projects** dominate the premium segment. Locations such as Mont Choisy, Grand Baie, and Tamarin feature beachfront or near-beachfront villas and apartments with shared amenities including pools, fitness centres, and concierge services. These developments target buyers seeking a holiday-home lifestyle with strong short-term rental potential.

**Golf estate PDS projects** in the west and south — including areas around Bel Ombre — offer larger plot sizes, championship golf access, and a more secluded, estate-style living experience. These appeal to families and buyers prioritising space and privacy.

**Mixed-use PDS communities** combine residential units with commercial, retail, and hospitality components. They offer a self-contained lifestyle with restaurants, shops, and services within walking distance.

Standard PDS unit specifications typically include high-quality finishes, air conditioning, fitted kitchens, and landscaped gardens or terraces. Off-plan purchases allow customisation of finishes and layout within the developer's options programme.

PDS Due Diligence Checklist for Buyers

Before committing to a PDS property purchase, work through this essential due diligence checklist.

Never proceed with a PDS purchase without independent verification of the developer's EDB permit. Stone Investment verifies every development in our portfolio before listing.

EDB permit
Verify valid PDS permit for the specific development
Developer track record
Review completed projects and financial standing
Title search
Confirm clean freehold title via notary
Building permit
Check validity for off-plan purchases
Sale agreement review
Independent legal review of VEFA or deed
Completion timeline
Verify realistic delivery schedule with penalties
Syndic & service charges
Understand ongoing annual costs
Rental management
Confirm availability and terms if applicable

How to Proceed with Your PDS Property Purchase

Ready to explore PDS property in Mauritius? The path from enquiry to ownership is well established, and Stone Investment simplifies every step.

Begin by defining your priorities — location, budget, property type, and whether you prefer a completed unit or off-plan purchase. Our advisers will curate a shortlist from our exclusive PDS portfolio, including villas in Mauritius across the island's premier developments.

Arrange a viewing trip to Mauritius — nothing replaces experiencing the property, the neighbourhood, and the lifestyle firsthand. Stone Investment coordinates comprehensive inspection visits including multiple developments, area tours, and meetings with legal and financial advisers.

Once you select a property, we manage the reservation, due diligence, notarial process, and registration on your behalf. For buyers also seeking residency, we coordinate the permanent residence application concurrently with the property transaction.

Contact Stone Investment today for a confidential consultation on PDS property opportunities in Mauritius.

On This Page

  • What Is the Mauritius PDS Scheme?
  • From IRS to RES to PDS: The Evolution of Foreign Investment Schemes
  • PDS Eligibility: Who Can Buy Property in Mauritius?
  • PDS Minimum Investment: The USD 375,000 Threshold
  • Permanent Residency Through PDS Property Investment
  • PDS vs IRS vs RES vs Smart City: Scheme Comparison
  • Tax Implications of PDS Property Investment
  • Typical PDS Developments and What to Expect
  • PDS Due Diligence Checklist for Buyers
  • How to Proceed with Your PDS Property Purchase

Reading time13 min read

Last updated24 June 2026

Frequently Asked Questions

Clear answers to the questions buyers ask us most often.

The Property Development Scheme (PDS) is Mauritius’s flagship framework for foreign property investment. It allows non-citizens to buy freehold residential units in EDB-approved mixed-use developments, typically from a minimum of USD 375,000, often with residency eligibility.

IRS and RES were earlier foreign-buyer schemes. PDS consolidated and modernised the framework. New projects are approved under PDS, while existing IRS and RES developments remain valid and actively trade on the secondary market.

A qualifying PDS purchase generally makes you eligible to apply for a permanent residence permit through the Economic Development Board. Approval requires a separate application and supporting documents — it is not granted automatically at completion.

Yes. South African buyers are among the most active international purchasers under PDS. They can acquire freehold property in approved developments and, where thresholds are met, apply for Mauritian residency while retaining a lifestyle and investment base in the Indian Ocean.

Many PDS developments include resort-style amenities and strong holiday-let demand, especially in coastal locations such as Grand Baie, Tamarin and Bel Ombre. Rental performance varies by location, management quality and seasonality; Stone Investment can advise on yield expectations per project.

Yes. While new RES approvals are no longer issued, existing RES (and IRS) stock continues to trade. Buyers should confirm the development’s original scheme approval and current title status with a notary before committing.

Related guides

Mauritius

How to Buy Property in Mauritius as a Foreigner

A comprehensive guide to purchasing property in Mauritius as a non-resident — legal requirements, eligible schemes, costs, residency benefits, and the complete buying process explained by Stone Investment.

Read guideInvestment

Tax Benefits of Investing in Mauritius Property

Discover the tax advantages of property investment in Mauritius — flat 15% income tax, no capital gains tax, no inheritance tax, double taxation treaties, and how Mauritius compares to South Africa, the UK, and France.

Read guideMauritius

Understanding Property Types in Mauritius — Villa, Apartment, PDS, IRS & RES

A detailed guide to property types in Mauritius — standalone villas, PDS scheme properties, apartments, penthouses, townhouses, and land — with legal structures, price ranges, and foreign ownership rules.

Read guide

Need personalised advice?

Our team supports you at every stage of your property journey in Mauritius or Provence.

Contact us