The Non-Citizens (Property Restriction) Act has been amended in December 2016 to allow foreigners to purchase apartments in condominium developments of at least two levels above ground (G+2) with the prior approval of the Economic Development Board provided the purchase price of an apartment is not less than MUR 6 million or its equivalent in any other hard convertible foreign currency.

Any non-citizen, with or without an occupation permit, residence permit, permanent residence permit, may acquire apartments. Thus, non-citizens are not restricted from acquiring: • a residential unit developed under the IRS, RES and PDS •

A residential unit developed in a smart city • an apartment located in a building of at least two floors above ground floor ACQUISITION OF APARTMENT- ELIGIBILITY The following non-citizens are eligible to submit an application to acquire one or more apartment(s) for use as residence:

        a) Any non-citizen

        b) A holder of Permanent Residence Permit

        c) A holder of an Occupation Permit as investor, professional and self employed

       d) A holder of a Residence Permit as a retired non-citizen

       e) A holder of a Residence Permit under the IRS/RES/IHS/PDS/SCS

        f) A company incorporated or registered under the Companies Act

       g) A société, where its deed of formation is deposited with the registrar of companies

       h) A limited partnership under the Limited Partnerships Act i) A trust, where the trusteeship services are                        provided by a qualified trustee

       j) A Foundation under the Foundation Act DEFINITION OF APARTMENT An ‘apartment’ is defined as a residential unit that forms part within blocks of residential dwellings located in a building of at least 2 floors above ground floor. On approval of the application, the non-citizen will be entitled to buy one or more apartment(s), together with part of the common areas collectively owned in "copropriété" in proportion relating to the size of the apartment .