Apartment in Tamarin for residency permit
The Citizenship-By.Investments website offers a selection of apartments in Tamarin for investment and relocation with the prospect of obtaining a residence permit. Buyers from abroad can view photos and descriptions of properties that are suitable for securing residency status in Mauritius. The reliability of the information cannot be doubted, as it is obtained directly from real estate agencies and developers.
Among foreigners, Tamarin is known primarily for its location, which is suitable for water sports. In the local bay, where the Black River flows into, the waves in summer reach 2 m, which is a favourite time for surfers. Thanks to the clear water and variety of underwater inhabitants, conditions for diving and snorkelling are also perfect. The beaches are pleasing, with white and clean sand. Popular destinations for expats and travellers include Kasela National Park and the 295-meter-high Tamarin Waterfall.
Young professionals, couples, families with children, and retirees are moving to the city, with apartments in new and off-plan complexes, as well as options on the secondary market. Flats in Tamarin in modern projects are highly profitable. Here, owners can count on:
- Free layout: almost always, the living room and kitchen are combined into a single large space.
- Modern furniture and appliances.
- Finishes that comply with international environmental and safety standards.
- Balcony and terrace.
- Spacious bedrooms: there are few studios on the market, and most offers are comprised of 1- to 5-bedroom apartments and penthouses.
- Additional options on the territory of the complex include a swimming pool, gym, car park, spa, etc.
Residence permit in Mauritius by buying apartment in Tamarin
Obtaining a residence permit in Mauritius through property investment is the first step on the path to citizenship. With the status of a temporary resident, you can live on the island or come here on holiday for an unlimited amount of time. The residence permit is valid for 3 years, after which you can apply for permanent residence. Citizens who have resided in the country for at least 5 years can obtain a passport that allows visa-free travel to 151 countries.
In 2024, foreigners can apply for a residence permit by investing in an apartment for sale in Tamarin, priced from $375,000. There is no price cap, and there are no additional requirements for the object of investment. You can buy primary and secondary property in a favoured area from the list of projects approved by the government or in any 3-storey or higher building. The minimum apartment prices in Tamarin are not the only condition. Buyers need to:
- Sign a sales contract and register unconditional ownership (freehold).
- Collect documents: the mandatory documents include a passport, bank statements, no criminal record and health certificates (serious infectious diseases can be a reason for rejection of the request), marriage/divorce, and children's birth certificates.
- Come to Mauritius and apply in person to the Economic Development Board.
Waiting for a decision from the EDB takes 1 month, and in general, the process of buying and applying for a residence permit takes 3 to 8 months. With the support of our lawyers, you can expect a positive response.
Investment apartment in Tamarin
Until recently, Tamarin attracted mainly surfing and diving enthusiasts. Now the situation is changing, with more and more tourists coming here as the village's potential unfolds. This encourages foreigners to purchase local housing today, as analysts predict that property values will rise in the future. Favourable climatic conditions, proximity to the national park, and the international educational centre Unicity speed up the development of the resort. Other weighty arguments for investors:
- Increase in the country's GDP, absence of sharp fluctuations in the national currency.
- Stable political environment.
- An effective justice system that protects property rights.
- Increased developers’ interest in the location. You can invest money in the off-plan housing estate in 2024 and, in a few years, get a luxury home.
- Average rental income of 7–8%.
- Availability of unique projects.
- Quick conclusion of transactions, which allows you not to waste time and apply for a residence permit.