Belle Rivière Estate is a luxury IRS real-estate program. The Integrated Resort Scheme is an initiative of the government of Mauritius in collaboration with the Board Of Investment of Mauritius. This program is designed to facilitate the acquisition of residential property by non-citizens on the island. Until recent changes to legislation, foreigners were not permitted to purchase property in Mauritius. In 2002 the Mauritian government took the decision to open the market to foreign buyers on a restricted basis through this project named as IRS, which permits the construction and sale of luxury villas to foreigners in particular locations. Through the IRS, international buyers can become Mauritian residents once they acquire a luxury property on the island.
The acquisition of a villa under the scheme grants resident status to the investor, his spouse and dependents. The villa owner and his family are able to reside in Mauritius as long as he holds property. However, as any investment abroad, only a Mauritian permanent residency (at least 183 days per year in Mauritius Island) allows the buyer to benefit from the totality of the tax system of the country. To understand this tax system (corporate tax, income tax, wealth tax, inheritance tax, VAT, possibility of acquisition through a Mauritian company, ...), our legal and fiscal advisors are at your disposal for a personalized study and to optimize your acquisition with an adapted tax system.