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Mauritius: Foreign direct investment rose sharply during the first quarter 2015




Foreign direct investment (FDI) in Mauritius have raked during the first quarter 2015 approximately 2.4 billion rupees (1) in their wake, as reported by the Central Bank of Mauritius. This represents an increase of 27.5% compared to the same calendar period of the previous year.
 
The real estate brings together on its own 1.9 billion rupees of foreign investment to develop the sector on the island, 1.6 billion for real estate luxury projects IRS, RES (2) and IHS (3).
 
(1) One euro roughly equivalent to 39 rupees
 
(2) The Real Estate Scheme (RES) established at the end 2007 by the Mauritian government enables foreign owners to purchase a property of standing in Mauritius.
 
The acquisition of a good high-end real estate under the auspices of RES does not provide an automatic right to its owner of residing in Mauritius unless the value of the asset exceeds 500,000 dollars (444,090 euros).
 
In this particular case, the residency provision applies under the same terms awarded when purchasing villas under the IRS (Integrated Resort Scheme) voted in 2002 which in turn allows the purchase for the holder of property and his family of a residency status in Mauritius.
 
(3) IHS (Invest Hotel Scheme) offers potential purchasers the opportunity to buy hotel rooms, villas and suites, as well as Mauritian hotel establishment.



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