Property in Grande Riviere Noire for residency permit
Real estate in Grande Riviere Noire will be a profitable investment for foreigners thanks to the option of obtaining a residence permit. On the Citizenship-By.Investments portal, you will find properties from trusted agencies and developers. Our specialists will help you get the status of a temporary resident, eliminating the need to delve into the intricacies of local legislation. At the initial stage, it is important to choose the right property, taking into account the peculiarities of the resort and individual needs.
Rivière Noire is a popular tourist area located in the south-western part of Mauritius. It is easy to get to Lemorne and Tamarine from here. The location has the necessary infrastructural facilities:
- Ruisseau Creole shopping centre with restaurants, souvenir shops, shops, and cafes.
- A supermarket with a wide range of products.
- Petrol stations.
- Beauty parlours.
- A small harbour for yachts.
- A national park for pleasant walking and discovering African flora and fauna.
- Martello Tower is a major local landmark built in the 19th century.
The main entertainment and shopping facilities are located near La Preneuse beach. La Preneuse has white sand, a smooth descent to the water, and a relaxed atmosphere. There are plenty of viewpoints with ocean and mountain views in the vicinity. Buyers can find beachfront properties for sale. Those are mainly luxury villas, but developers also offer apartments.
For comfortable living with your family, it is more appropriate to choose a house with a plot of land because such an object’s price meets the minimum threshold for a residence permit.
Residence permit in Mauritius by buying property in Grande Riviere Noire
Villas and every apartment in Mauritius provide foreigners with the opportunity to reside on the island legally. If all legal requirements are met, it is possible to obtain a residence permit for 3 years, then a permanent residence permit for 2 years, and after that a national passport, which allows visa-free travel around the world.
The main requirements for applicants for a residence permit:
- The minimum threshold for property prices in Grande Riviere Noire in ownership is $375,000.
- The applicant is at least 18 years old.
- Additional conditions: no criminal record, proof of solvency, and good health. Additional points:
- Option for family members’ legalisation: the property owner’s wife/husband and children under 18 years of age can get a residence permit too.
- Collection and submission of documents to the EDB is possible after the transaction.
- Compliance with local laws is important to maintain the status.
- You will have to confirm the status yourself every year. If you do not want to lose your residence permit, do not sell or gift any flats or houses acquired under the investment programme.
The residence permit procedure can be simple and fast if you contact our experts, who accompany clients at all stages.
Investment real estate in Grande Riviere Noire
Housing in Mauritius allows you not only to obtain the status of a resident but also to recoup your investment quickly. When renting out an object, you can expect an average of 7–8% per annum to reach a net profit in 15–20 years. At the same time, you will become the owner of a modern flat or villa in a state with a stable economy and a high standard of living.
The western part of the island is favoured by those seeking elite holiday experiences—it encourages the development of infrastructure and the constant expansion of opportunities for a pleasant pastime. The best properties in Grande Riviere Noire for investment are in the area of the La Preneuse beach. Both tourists and expats are inclined to settle within 2–10 minutes’ walk from the coast. Demand for secondary apartments, especially for projects under construction, is increasing, which is driving up the cost per square metre. In the future, you can resell the housing profitably and quickly. The most promising is investing in the early stages of construction, but you should take into account the need to wait for the object to be commissioned before moving in.
FAQ
Applicants over 18 years of age who have submitted to the Economic Development Board (EDB) a package of documents including:
- A valid international passport.
- A medical certificate confirming the absence of serious illnesses.
- A contract for the purchase and sale of housing for the amount prescribed by law. You can purchase real estate under one of the 5 state programmes or choose an object in any building you like with 3 or more floors.
- A certificate of no criminal record.
- Certificate of marriage, divorce, documents for children under the age of majority.
- Statements and other documents from the bank proving the legal origin of funds and financial solvency for living on the island.
Residence permit registration formalities can be solved in 3–8 months if you enlist the support of our specialists.