Sales & Development Coordinator
(230) 54 48 18 04
Any foreign person, entity, company or Trust - even operating Offshore, is eligible to acquisition rights on a residential property under Mon Trésor Smart City Scheme. It only requires a 3-step and streamlined procedure.
Signature of the Preliminary Reservation Contract.
Subject to prospective buyer supplying all documents, follows the application with the Board of Investment of Mauritius (BOI).
Once approved by BOI, the deed of sale is signed between buyer and seller, in presence of a notary.
A specific legal contract - Vente en État Futur d’Achèvement (VEFA) governs the “sale under state of future completion”: the buyer immediately obtains property rights subject to the payment of installments from reservation through construction works to reception of keys.
Promoter submits to buyer a Garantie Financière d’Achèvement (GFA) - financial guarantee of completion. It is issued by a trustworthy bank which stands as guarantor to the delivery of the property, duly completed, by the promoter to the buyer.