Buying commercial property could be rather stressful when not given the right information. It is thus essential to be aware of the whole procedure before starting such a crucial trip. It should be noted that immigrants face some limitations when planning to purchase a residence in Mauritius. While they may do so under the Property Advancement System (PDS) Plan, they are also permitted to acquire an apartment in a very beginning plus 2 building.
Find the right residential or commercial property
Realty promoters have actually been developing 10s of extravagant household facilities throughout the island in recent years. If you are taking a look at buying a properties for sale in Mauritius you must select one one of the most popular realty companies. They are most likely to supply an option of deluxe homes up for sale on the Mauritian market, varying from upscale houses and also penthouses with private swimming pool with a sea view. These special properties are fairly rare.
Employ a notary
It will be for a notary to compose an act and to make sure that all the needed document offered. He will also make sure that taxes and also civil services have been paid when the property has been gotten. It should be kept in mind in the case of a VEFA (Vente en l'Etat Futur d'Achèvement) sale, the notary would be the one to deal with these rules.
Transfer Tax obligation
This tax amounts to 5% of the residential or commercial property worth.