Mauritius

Mauritius

The disposal of properties by foreigners now requires prior approval

29 Apr 2021

On 29 April 2021, the Non-Citizens Property Restriction Amendment Act 2021 (the Amendment Act) entered into force, which widens the ambit of the Non-Citizens Property Restriction Act 1975 (the Act). The 1975 Act provides that non-citizens (both individuals and legal entities) who wish to hold, purchase or otherwise acquire a property shall obtain prior authorisation from the Prime Minister’s Office (PMO).

The Amendment Act has broadened the ambit of the 1975 Act by providing, inter alia, that a disposal of property by a non-citizen (whether to a citizen or a non-citizen of Mauritius) requires the prior approval of the PMO. The definition of the term “dispose of” includes the burdening of a property with a mortgage or charge.

Nature of measure:
  • Entry restriction
Type:
  • Entry and establishment (Access to land)
Industry:
  • Services (Real estate activities)
Inward FDI:
No
Outward FDI:
No
Sources: