Warning: session_start(): Cannot send session cookie - headers already sent by (output started at /home/content/p/r/o/propertiesuser/html/news/review-of-irs.php:1) in /home/content/p/r/o/propertiesuser/html/header.php on line 5

Warning: session_start(): Cannot send session cache limiter - headers already sent (output started at /home/content/p/r/o/propertiesuser/html/news/review-of-irs.php:1) in /home/content/p/r/o/propertiesuser/html/header.php on line 5
Properties In Mauritius, Property in Mauritius Sale, Buy Property Mauritius, Cheap property Sale Mauritius, Find House Flat Mauritius - propertiesinmauritius.com
House House
Menubar Separator
Skype:Call Us Now!
Advertisement
Menubar Separator

REVIEW OF THE: IRS

The revised scheme will mainly provide for the following new measures and features:
  • Provision of social amenities and community development where IRS promoters will be required to make a financial contribution of USD 6,000 per residential property
  • Contributions may be in the form of:
    1. Training Facilities
    2. Social amenities, community development and
    3. Other facilities to be developed by the IRS promoters
    4. Cash to fund social projects
  • Ensuring that the local community also participant in the project through outsourcing to small entrepreneur
  • Allowing sale of non-residential components, including Spa, restaurant, golf course and commercial space
  • Flexibility of payment in Euro and British as well as US Dollar
  • Allowing a company, trust or societe to acquire an IRS residential property and authorising then to nominate a non-citizen to obtain a residence permit
  • Allowing buyers of residential properties to borrow in foreign currency from local banks for the purchase of property
  • Providing the opportunity for IRS buyers to obtain an occupation permit without renouncing their residence permit.
The new IRS regulations will enhance the attractiveness, competitiveness and flexibity of the scheme.