Apartment in Grande Riviere Noire for residency permit
Owning flats in Grande Riviere Noire allows you to apply for a residence permit. You just need to analyse the options in the Citizenship-By.Investments catalogue and choose an object with characteristics that meet the requirements of the programme. The key parameter for issuing a residence permit is the cost. We offer suitable apartments from real estate agencies and developers with extensive experience and good reviews.
There is a variety of options of flats for sale in Grande Riviere Noire at the disposal of buyers of foreign housing:
- Studios, penthouses, and flats with 1–5 bedrooms.
- In completed and off-plan projects.
- In older buildings.
- On different floors. If you choose objects ineligible to the state programme, then you should consider apartments in buildings of 3 or more floors.
- Furnished, with or without appliances.
- With modern or exclusive design.
- Classic and free layout.
- Beachfront or 3–4 streets farther from the beach.
Rivière-Noire is a small resort with all the facilities for tourists and expats nearby. These include petrol stations, the Ruisseau Creole shopping centre, a supermarket, a boat harbour, beauty salons, and souvenir shops. The main architectural attraction is the preserved parts of the Martello Tower, built 2 centuries ago. By buying an apartment in this village, you get the opportunity to become a resident of Mauritius with all the charms of beach life: ocean views, access to water activities, and proximity to untouched nature. At the same time, you can expect high-quality services thanks to the developed health care system, the accessibility of the city's transport system, and the international schools.
Residence permit in Mauritius by buying apartment in Grande Riviere Noire
Buying apartments or villas in Mauritius is a chance to become a resident. After 5 years of residence on the island, you will get a national passport to travel visa-free almost anywhere. The Economic Development Council processes applications from foreigners, and the minimum cost of apartments in Grande Riviere Noire for filing documents is $375,000. The primary and secondary markets offer more pricy objects, so there are enough options. Our website boasts housing suitable for residence permit issuance 24 hours a day.
To get approval from the EDB, you need to:
- Confirm your identity and prove age 18.
- Be healthy: you will need a medical certificate of absence of serious illnesses.
- Have enough money in the bank account to live and provide for the family during the period of stay in Mauritius (residence permit is issued for 3 years), as well as to prove their legal origin.
- Prepare certificates of children’s birth, marriage, and divorce (if any).
- Fill in the application form correctly and come in person to the authorised body to hand over the package of documents.
Investment apartment in Grande Riviere Noire
The market of apartments in Grande Riviere Noire for investment on the west coast of Mauritius is growing rapidly. This is where tourists and expats are travelling to, which is why there is an increase in housing prices, particularly in new and off-plan housing developments in 2024. Investors have plenty of reasons to consider an apartment for sale in Grande Riviere Noire, Mauritius:
- No risk of losing investments due to the unstable economy, as the country's GDP has increased to 4.9%.
- Those who become residents of the island nation have the opportunity to optimise tax deductions. Mauritius has agreements with many countries on the prevention of double taxation. Also, here, there is no need to pay taxes on capital appreciation and dividends.
- Buyers become full owners thanks to the registration of freehold housing. After the transaction is registered, they can sell, gift, or inherit the flat at any time.
- In the resort, you can buy a flat in Grande Riviere Noire with a good yield: an average of 7–8% (in new projects, the figure can reach 10% and higher).
- The constant inflow of foreign investment and infrastructure development. New business projects are being implemented in Rivière Noire (mainly companies opened by expats), transport accessibility is improving, and additional ways of leisure activities attract tourists.
If you are investing for passive income, it is more reasonable to choose locations on the coast that are in demand among travellers. Investments in off-plan residential complexes will provide the greatest financial return, but you will have to wait for the completion of all works.
FAQ
Yes. To obtain a residence permit in Mauritius through property investment, the property must meet the minimum requirements of the investment programme.
After 3 years of residence with the status of temporary resident, foreigners can apply for permanent residence for 2 years. Citizenship will be granted after a 5-year stay in Mauritius.