The Property Development Scheme (PDS), which has replaced the IRS and RES, allows the development of a mix of residences for sale to non-citizens, citizens and members of the Mauritian Diaspora. When you purchase a PDS property in Mauritius, which price shall exceed $500 000 (approximately 370 000 euro), an individual permanent resident permit will be granted. With Notary fees at only 1.5% and addition VAT which is 15% . Rental income for non-residents is taxed at a flat rate of 15% and Income-generating expenses are deductible when computing for the taxable income. Double taxation is avoided by means of a tax credit allowed for tax paid in the other state. The treaty, as well as Mauritius tax law, provides for credit in respect of underlying tax relating to dividends and tax sparing relief for tax exemption or reduction granted by a state. No capital gains tax is levied in Mauritius, gains from the sale of shares are taxable only in the country where the shareholder is resident. While Mauritius does not levy capital gains tax, any gain or profit from the sale of securities or units is specifically exempt from income tax.Reasons to Buy In Mauritius