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News

Luxury Residential Offerings: an Overview

Real Estate activities, in particular those falling under the Integrated Resort Scheme (IRS), the Real Estate Scheme (RES) and the Invest Hotel Scheme (IHS) have been major sources of foreign direct investment for the Mauritian economy. IRS and RES have been subsequently merged into a single scheme in 2015, namely the Property Development Scheme (PDS) and the sale of PDS residential units is well under way.

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BOI starts a series of e-workshops

In line with its targeted investment approach, BOI launched the first of a series of e-workshops. This initiative comprises the identification of players in various economic sectors and a presentation of investment opportunities to the top management of these companies through conference calls and video conferencing sessions.

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Visit of a high-powered delegation from Zhejiang

A delegation from the Zhejiang Communications Department and the Zhejiang Provincial Institute of Communications, Planning, Design & Research was on a prospective mission to Mauritius.  They met with the Board of Investment on 11th November.

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The Film Rebate Scheme attracts a big budget film

Tera Intezaar is a Bollywood movie produced by PZM Films Company Ltd under the Film Rebate Scheme. The producer, Bijalkumar Mehta, has scheduled shooting in excess of 12 days in attractive locations around the island. Some 30 percent of the photography and scenery of the whole movie will be shot in Mauritius. Tera Intezaar is a 100-mllion-rupee budget movie, some Rs 30 million of which will spent in Mauritius.

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Minister of Finance and Economic Development leads delegation to Beijing for the Joint Economic Commission

The Minister of Finance and Economic Development, Honorable Pravind Kumar Jugnauth, is leading an official delegation comprising captains of the industry and leading representatives of the private sector to Beijing, from 1st to 4th November 2016 in the context of the 10th Sino-Mauritius Joint Economic Commission. The Honorable Minister will hold discussions with the Ministry of Commerce of the People's Republic of China with a view to consolidating trade relations between the two countries, while extending collaboration in various sectors of business.

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Property Development Scheme: Amendments

Further to the announcement made in the 2016/2017 Budget Speech, the Investment Promotion (Property Development Scheme) Regulations 2015 have been amended as follows:

 (i) the maximum size limit of 50 arpents has been removed

(ii) the requirement to sell at least 25 percent of residential units to Mauritian buyers has been removed

(iii) the current maximum permissible land size for a villa has been reviewed from half an arpent (approx. 2110 m2) to 1.25 arpent (approx. 5276 m2).

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