{"id":290578,"date":"2024-08-07T11:37:57","date_gmt":"2024-08-07T10:37:57","guid":{"rendered":"https:\/\/real-estate-mauritius.mu\/new-budget-mauritius-2024-2025-pdf\/"},"modified":"2025-06-09T08:08:10","modified_gmt":"2025-06-09T07:08:10","slug":"new-budget-mauritius-2024-2025-pdf","status":"publish","type":"page","link":"https:\/\/real-estate-mauritius.mu\/en\/new-budget-mauritius-2024-2025-pdf\/","title":{"rendered":"Budget 2024\/2025"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; admin_label=&#8221;Header&#8221; _builder_version=&#8221;4.16&#8243; _dynamic_attributes=&#8221;background_image&#8221; use_background_color_gradient=&#8221;on&#8221; background_color_gradient_type=&#8221;circular&#8221; background_color_gradient_direction_radial=&#8221;top left&#8221; background_color_gradient_stops=&#8221;rgba(255,255,255,0.89) 30%|rgba(255,255,255,0) 80%&#8221; background_color_gradient_overlays_image=&#8221;on&#8221; background_color_gradient_start=&#8221;rgba(255,255,255,0.89)&#8221; background_color_gradient_start_position=&#8221;30%&#8221; background_color_gradient_end=&#8221;rgba(255,255,255,0)&#8221; background_color_gradient_end_position=&#8221;80%&#8221; background_image=&#8221;@ET-DC@eyJkeW5hbWljIjp0cnVlLCJjb250ZW50IjoicG9zdF9mZWF0dXJlZF9pbWFnZSIsInNldHRpbmdzIjp7ImVuYWJsZV9odG1sIjoib2ZmIn19@&#8221; custom_margin=&#8221;|||&#8221; custom_padding=&#8221;8vw||8vw||true&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text _builder_version=&#8221;4.27.0&#8243; text_font=&#8221;||||||||&#8221; header_font=&#8221;Raleway|700|||||||&#8221; header_font_size=&#8221;80px&#8221; header_line_height=&#8221;1.2em&#8221; header_5_font=&#8221;Raleway|700||on|||||&#8221; header_5_text_color=&#8221;#000000&#8243; header_5_font_size=&#8221;20px&#8221; header_5_letter_spacing=&#8221;0.5em&#8221; header_5_line_height=&#8221;1.8em&#8221; animation_style=&#8221;zoom&#8221; animation_intensity_zoom=&#8221;5%&#8221; header_font_size_tablet=&#8221;48px&#8221; header_font_size_phone=&#8221;32px&#8221; header_font_size_last_edited=&#8221;on|phone&#8221; header_5_font_size_tablet=&#8221;14px&#8221; header_5_font_size_phone=&#8221;12px&#8221; header_5_font_size_last_edited=&#8221;on|desktop&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h5>Download the PDF of the<\/h5>\n<h1>New budget 2024-2025 Mauritius<\/h1>\n<p>&nbsp;<\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.21.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row _builder_version=&#8221;4.21.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.21.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.27.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<span><span><a href=\"https:\/\/real-estate-mauritius.mu\/en\/\">Accueil<\/a><\/span><\/span>\n<p>[\/et_pb_text][et_pb_button button_url=&#8221;\/wp-content\/uploads\/Budget-204-2025-ile-maurice-Mauritius.pdf&#8221; url_new_window=&#8221;on&#8221; button_text=&#8221;Download PDF of the new 2024 2025 budget&#8221; button_alignment=&#8221;center&#8221; _builder_version=&#8221;4.27.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_button][et_pb_button button_url=&#8221;\/wp-content\/uploads\/Budget-204-2025-ile-maurice-Mauritius-annex.pdf&#8221; url_new_window=&#8221;on&#8221; button_text=&#8221;Budget appendix 2024-2025&#8243; button_alignment=&#8221;center&#8221; _builder_version=&#8221;4.27.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_button][et_pb_text _builder_version=&#8221;4.27.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p>Dear Partners and Investors,<\/p>\n<p>We are pleased to present the latest developments regarding the National Budget 2024\/2025, a key financial plan to strengthen Mauritius&#8217; resilience in the face of global challenges. <br \/>The Budget, conceived by Dr. the Honorable Renganaden Padayachy, Minister of Finance, Economic Planning and Development, builds on past successes and charts a course for a prosperous future.<\/p>\n<p>[\/et_pb_text][et_pb_image src=&#8221;https:\/\/real-estate-mauritius.mu\/wp-content\/uploads\/budegt-2023-2024-mauritius-1.jpg&#8221; alt=&#8221;Download the 2023 2024 Mauritius budget&#8221; title_text=&#8221;budget-2023-2024-mauritius&#8221; _builder_version=&#8221;4.27.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][et_pb_text _builder_version=&#8221;4.27.0&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;||39px|||&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p>Mauritius&#8217; 2024-2025 budget brings significant reforms and initiatives to strengthen the economy and attract investment. Here are the six most important measures: <\/p>\n<p>&nbsp;<\/p>\n<h3>Promotion of Foreign Investment in Real Estate<\/h3>\n<p>Foreign entities can now hold real estate properties for industrial or commercial purposes via non-renewable leases for up to 30 years. This measure facilitates foreign investors&#8217; access to the Mauritian real estate market and stimulates economic development. <\/p>\n<p>&nbsp;<\/p>\n<h3>Travail des Retrait\u00e9s \u00c9trangers<\/h3>\n<p>Non-citizens holding a residence permit under the retirement category will be allowed to work without the need for an additional work permit. This encourages foreign retirees to settle in Mauritius and participate in the local economy. <\/p>\n<p>&nbsp;<\/p>\n<h3>Elimination of foreign worker quotas<\/h3>\n<p>Quotas on foreign workers in the manufacturing, jewelry, free port and ICT\/BPO sectors will be abolished. This measure is aimed at attracting more foreign skills and filling labor shortages in these key sectors. <\/p>\n<p>&nbsp;<\/p>\n<h3>Sustainable Development Initiatives<\/h3>\n<p>Subdivision projects and initiatives under the Smart City Scheme and the Property Development Scheme must allocate at least 4% of the total surface area to the creation of green forests, composed mainly of endemic trees. This measure reinforces Mauritius&#8217; commitment to sustainable development and environmental protection. <\/p>\n<p>&nbsp;<\/p>\n<h3>Tax incentives for home ownership<\/h3>\n<p>The Home Ownership Scheme and Home Loan Payment Scheme, which offer a refund of 5% of the amount paid or borrowed up to a maximum of MUR 500,000, have been extended until June 30, 2025. These incentives facilitate home ownership for Mauritians and stimulate the real estate market. <\/p>\n<p>&nbsp;<\/p>\n<h3>Extension of the Length of Stay for Foreign Workers<\/h3>\n<p>The maximum period of stay for foreign workers in certain sectors will be extended from 4 to 8 years. This extension will enable better retention of foreign talent and ensure greater stability in sectors requiring foreign expertise. <\/p>\n<p>[\/et_pb_text][et_pb_image src=&#8221;https:\/\/real-estate-mauritius.mu\/wp-content\/uploads\/westimmo-programme-neuf-sileview-4-1.jpg&#8221; title_text=&#8221;We will analyse each of these measures as soon as they are officially published.&#8221; _builder_version=&#8221;4.27.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][et_pb_text _builder_version=&#8221;4.27.0&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;||102px|||&#8221; hover_enabled=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221; sticky_enabled=&#8221;0&#8243;]<\/p>\n<h2 style=\"text-align: center;\">Key measures for real estate<\/h2>\n<h4><span style=\"text-decoration: underline;\"><br \/><\/span><strong>Sustainable Development and Urban Planning<\/strong><\/h4>\n<p><strong>Morcellement projects: <\/strong>Any morcellement project planned on land of more than 5 arpents must allocate at least 4% of the total surface area to the creation of a green forest, mainly composed of endemic trees.<\/p>\n<p><strong>Smart City Scheme and Property Development Scheme (PDS)<\/strong>: These projects will also have to comply with the 4% rule for green forests.<\/p>\n<p><strong>Minimum setback: <\/strong>A new subdivision project must have a minimum setback of 30 metres from the boundaries of existing settlements.<\/p>\n<p><strong>Strategic Environmental Assessment<\/strong>: Mandatory for projects on land larger than 10 arpents.<\/p>\n<p>&nbsp;<\/p>\n<h4><strong>Tax and financial incentives<\/strong><\/h4>\n<p><strong>Home Ownership Scheme:<\/strong> Purchases of properties under the &#8220;vente en l&#8217;\u00e9tat futur d&#8217;ach\u00e8vement&#8221; (VEFA) scheme will continue to benefit from a refund of 5% of the amount paid, up to a maximum of MUR 500,000, until June 30, 2025.<\/p>\n<p><strong>Home Loan Payment Scheme: <\/strong>Extended to June 30, 2025, offering repayment of 5% of the amount borrowed, up to a maximum of MUR 500,000.<\/p>\n<p><strong>Contribution for Smart Cities: <\/strong>Increase in the contribution per residential property or serviced plot of land from Rs 25,000 to Rs 100,000.<\/p>\n<p>&nbsp;<\/p>\n<h4><strong>Foreign Investment Facilitation<\/strong><\/h4>\n<p><strong>Acquisition of Property by Foreign Entities:<\/strong> Foreign entities will be able to hold real estate property through a non-renewable lease for industrial or commercial use, for a maximum term of 30 years.<\/p>\n<p><strong>Work for retired foreigners: <\/strong>Non-citizens who have obtained a residence permit under the retirement category will be able to take up employment without an additional work permit.<\/p>\n<p>&nbsp;<\/p>\n<h4><strong>Simplification of work permits<\/strong><\/h4>\n<p><strong>Elimination of Quotas: <\/strong>Quotas on foreign workers in the manufacturing, jewelry, free port and ICT\/BPO sectors will be eliminated.<\/p>\n<p><strong>Simplified recruitment process: <\/strong>Simplifying the recruitment of agricultural workers under work permits.<\/p>\n<p><strong>Extension of length of stay: <\/strong>The maximum period of stay for foreign workers in certain sectors will be extended from 4 to 8 years.<\/p>\n<p>&nbsp;<\/p>\n<p>These measures in the 2024-2025 budget demonstrate Mauritius&#8217; commitment to fostering a stable, attractive and sustainable economic environment. They aim to stimulate investment, protect the environment, and strengthen the island&#8217;s competitiveness on the international scene. <\/p>\n<p>If you have any questions or would like to explore real estate investment opportunities in Mauritius, please contact us. We are ready to assist you with a comprehensive and personalized service. <\/p>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.27.0&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;||79px|||&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<div class=\"flex max-w-full flex-col flex-grow\">\n<div data-message-author-role=\"assistant\" data-message-id=\"a25fb1ee-c65e-4d4d-8e1e-ab0f77464c7e\" dir=\"auto\" class=\"min-h-[20px] text-message flex w-full flex-col items-end gap-2 whitespace-pre-wrap break-words [.text-message+&amp;]:mt-5 overflow-x-auto\">\n<div class=\"flex w-full flex-col gap-1 empty:hidden first:pt-[3px]\">\n<div class=\"markdown prose w-full break-words dark:prose-invert dark\">\n<h3><strong>Invest in the Future of Mauritius with Confidence<\/strong><\/h3>\n<p style=\"text-align: left;\">We invite you to take advantage of the unique opportunities presented by the Mauritian real estate market. With our expertise and commitment to high-quality service, we are ready to support you in your investment projects. We offer you comprehensive, tailor-made support, not only in terms of investment, but also in terms of legal and notarial matters, thanks to our specialized teams.<br \/>Please contact us to discuss your needs and find out how we can help you realize your ambitions.<\/p>\n<p><strong><a href=\"#contact\">Contact us <\/a>today to find out more about real estate investment opportunities.<\/strong><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"mt-1 flex gap-3 empty:hidden -ml-2\">\n<div class=\"items-center justify-start rounded-xl p-1 flex\">\n<div class=\"flex items-center\"><\/div>\n<\/div>\n<\/div>\n<p>[\/et_pb_text][et_pb_button button_url=&#8221;\/wp-content\/uploads\/Budget-204-2025-ile-maurice-Mauritius.pdf&#8221; url_new_window=&#8221;on&#8221; button_text=&#8221;Download PDF of the new 2024-2025 budget&#8221; button_alignment=&#8221;center&#8221; _builder_version=&#8221;4.27.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_button][et_pb_button button_url=&#8221;\/wp-content\/uploads\/Budget-204-2025-ile-maurice-Mauritius-annex.pdf&#8221; url_new_window=&#8221;on&#8221; button_text=&#8221;Budget appendix 2024-2025&#8243; button_alignment=&#8221;center&#8221; _builder_version=&#8221;4.27.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_button][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Download the 2024-2025 budget PDF now to find out about new laws, social measures and investment opportunities in renewable energies.<\/p>\n","protected":false},"author":1,"featured_media":270899,"parent":0,"menu_order":200,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-290578","page","type-page","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.9 (Yoast SEO v27.5) - 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