Editorial Dear Readers, it is my pleasure to welcome you to the 2nd issue of Real Estate Mauritius – Property Investment Guide. After a successful 1st issue we are pleased to welcome onboard new advertisers and partners. Our 1st issue had a massive online reach via our Website www.real-estate-mauritius.com, our Facebook Page www.facebook.com/RealEstateMauritius (8700 Fans) and from our e-publishing on www. issuu.com (148 000 views). We are proud to introduce you to our latest partners and collaborators in this 2nd issue. Our first interview is with a well respected Entrepreneur and Offshore expert Mrs Christiane Yeung from www.tri-pro.mu. Christiane tells us how she started the company and what her vision is about Mauritius Property Investment opportunities. Our second interview is with Ms Delphine Marie who is an upcoming Forex expert from Island Premier foreign exchange www.iptfx.com. Delphine tells us the best tips with regards to moving funds prior to purchasing an investment property which IPTFX can master for you. Thank you for your contribution and support in the making of Real Estate Mauritius – Property Investment Guide. We look forward to hear the good news about the return on investment. In this 2nd issue, you will find a series of properties for sale, from Luxury Villas under the IRS, RES & IHS schemes as well as luxury apartments and offices in the new central business hub of Ebene/Trianon regions. We also have exclusive investment opportunities in Mauritius such as Land, Hotels, Restaurants and Chalets for sale. Should you want to invest in an exclusive waterfront RES project, we have a real gem located right in Trou-Aux-Biches. This project (offplans) comes with all necessary permits from the Board of Investment (BOI); including the branding materials, all the legal reports such as architects design, landscaping and surveying paperwork. This is an amazing investment which is ready to go and ideal for a foreign investment firm wishing to enter the property and holiday rental market in Mauritius. We also have individual RES villas in Black River and in the North for sale as well as a local apartment complex in Floreal and Trianon which is a sure in-
Real Estate Mauritius Rent - Buy - Holiday Rentals
issue No.2 vestment for locals or returning residents. Real Estate Mauritius remains at your disposal for any marketing services your company may require. Should you want to advertise your business in our 3rd issue or purchase a property in Mauritius please email info@real-estate-mauritius.com or call +230 7946437. Our distribution strategy is based on a local presence in hotels, restaurants, bars, coffee bars, businesses lounges, retail stores and shopping centres via our printed Free Guide and most importantly online via our targeted social networks on LinkedIn, Facebook and Issuu. In partnership with Real Estate Mauritius, Eprod Target promoter of le Salon de la Construction et de l’immobilier will renew for a second edition of (SCI) next year February 27th 2014 at the Freeport of Mauritius. Registration is already open. Contact the sales team of Real Estate Mauritius for more information by email - info@real-estate-mauritius. com. We invite you to visit our website www.real-estate-mauritius.com and like our facebook page www.facebook.com/RealEstateMauritius.We hope you’ve enjoyed reading our 2nd issue as much as we did making it. Bienvenue à L’ile Maurice et à très bientôt. Sebastien Staub Founder Real Estate Mauritius www.real-estate-mauritius.com A product of Staub Marketing Ltd • Director : Sebastien Staub • Design & Web development : Mataora (www.mataora.com) • Real Estate Mauritius ( Address : Hermitage, Ave King George, Floreal, Phone no: (230) 696 09 68 | 794 64 37, Email: info@realestate-mauritius.com, Website: www.real-estate.mauritius. com ) • Printed by T-Printers.Ltd (230) 233 25 00 • Disclaimer • All information and advice provided within the Real Estate Mauritius (REM) website, Property Investment Guide (PIG) is provided for general information purposes only and does not constitute a legal contract between REM and any person or entity. • If you rely on the information on this Site you are responsible for ensuring by direct contact with REM, its accuracy, currency or completeness. • The REM web site and PIG are subject to change without prior notice. Although every reasonable effort is made to present current and accurate information, REM makes no guarantees of any kind and accepts no responsibilities for errors within the content. • Any links to external Web sites or email addresses provided within the REM web site and PIG are provided as a courtesy. They should not be construed as an endorsement by REM web site and PIG of the content or views of these sites, nor do they imply a relationship with the owner of that link. •
Step into the light with your own LUX* Villa For the first time, LUX* has made the 12 Villas at its flagship LUX* Belle Mare available for sale, giving aficionados of the new luxury the chance to own a precious piece of paradise. Perched on the exquisite east coast of Mauritius, the Villas at LUX* Belle Mare are a collection of exclusive residences designed to provide the signature LUX* take on luxury island living, in one of the most serene locations in the world. Situated within the five star LUX* Belle Mare resort, the Villas merge traditional Mauritian style with modern interiors designed by world renowned interior designer, Kelly Hoppen.
OWN A PRECIOUS PIECE OF PROPERTY IN PARADISE
Available through the Invest-Hotel Scheme, the Villas benefit from all the ameneties of their resort setting. Amazing beach front location, mouth-watering cuisine, the LUX* Me spa, private and personalised 24h butler service, all form part of your villa experience. A projected net return of rental income
Designed by Kelly Hoppen MBE, LUX* has made the 12 Villas at its flagship LUX* Belle Mare hotel available for sale.
at five percent per annum is also included as part of the purchase. Along side this, owners enjoy 45 days a year at their property; with peace of mind that their villas works for them as part of the resort-managed rental programme. Beyond your front door, Mauritius awaits. Renowned as a paradise on earth, with turquoise sea, white sandy beaches and pristine lagoons, the island’s tropical landscape provides a natural playground, whether you’re into hitting the heights
The benefits at a glance
with hiking or diving the coral-fringed
• Complimentary use of the villa 45 nights a year, or swap at any LUX* Resorts
something exquisite for you.
submarine world; or taking on some of the world’s best golf courses, we have
• Minimum guaranteed R.O.I of 5% per annum for the first 10 years • 35% discount on food and beverages during the stay • Starting from $ 850k for a beachside villa • US $ loan set up via our partner AfrAsia Bank (up to 60% of the investment)
To unlock your door to island living, LUX* style, call +230 208 8558/38, email murray.adair@iorec.com or visit luxmauritiusvillas.com
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About Mauritius Nestled in the heart of the Indian Ocean, south of Africa and east of Madagascar, this dreamy isle sits ideally between the Tropic of Capricorn and the equator, providing a perfect tropical climate all year round. Mauritius is the main island, from which the country derives its name. Of volcanic origin, it’s almost entirely surrounded by sheltering coral reefs. With hundreds of amazing passes with perfect waves, lefts and rights, short and long barrels and deep to hollow tubes, it’s a
surfer’s paradise and with numerous, vast lagoons to boot, there’s great sailing, diving and fishing diversity, too. There‘s no shortage of top spots, swells, lagoons or wind, but there has been a distinct lack of information about all these things
you-drop at Flacq‘s bustling open-air market, a vibrant and colorful marketplace full of fresh local products at great value. The island’s home to countless bars and restaurants. Check out the iconic Banana Bar in Grand Bay, which hosts both local and international artists, from jazz to soul. In the mood for dancing? The numerous nightclubs offer a great atmosphere where you can boogie the night away to the sounds of House, Dance and RnB music played by top DJs.
- until now! This comprehensive guide enables you to experience the range of stunning spots on our beautiful island for yourself. Take the swells and gentle sea breezes, add the impressive Indian Ocean climate, great coral reefs, large lagoons and a handful of quality breaks and you have the perfect surfing, windsurfing and kitesurfing destination. The Unique Mauritian Culture is a blend of Indian, Chinese and Creole sweetness and spices with an influencing European History, in other words amazing local cuisine. Get a taste for the magical mélange of influences with a warm Dol Pourie, whether it’s on a street corner in Port Louis, from a delicious hotel buffet or à la carte at a well-reputed table d‘hôte in Chamarel. You‘ll find specialties everywhere you go, all worth a try. Shop-til-
The island boasts some of the world‘s most beautiful private and public beaches, fringed by swaying palms and lapped by crystalclear turquoise waters. Combine that with the magnificent, exotic sunsets and tropical vegetation of the various game reserves, national parks, private hunting estates and colonial houses such as St Aubin and Eureka where honeymooners can make their dreams come true and you‘ve got a winning formula. Golf fan? Mauritius is fast earning a reputation for being home to some of the world‘s most amazing golf courses. Its fantastic architectural designs by big names such as Ernie Els and Bernhand Langer offer avid golfers a challenging game. But whatever your handicap, you‘ll find somewhere to suit your needs, whether you‘re aiming for a hole in one at one of the top-class hotels or dodging the water hazards on the new Ile Aux Cerfs, you‘ll love putting your way through the stunning settings that are simply unbeatable. The Mauritius Open PGA attracts international and local professionals and many a celebrity has been spotted practicing their swing on the island‘s championship courses. Grand Bay is the place to head for catamaran cruises and sailing boats. Blue Bay and Black River offer amazing trips to nearby islands such as Coin De Mire, Ile Plate, Ile au Gabriel and Ile aux Bennitier. Famous spots for snorkeling and scuba diving include the famous Silver Star wreck and the Cathedral underwater cave. Mauritius and Rodrigues offer some of the world‘s best deep-sea fishing with
many experienced skippers and fishing boat owners, such as Tamarin local fishing legend, Jerome Moonsamy, aka Mr. Bull. Deep sea fishing is possible off the East, North and West coasts and the best operators are based in Black River and Trou aux Biches. The best months are the summer months (October to May.) Mr. Dominique Theveneau offers flyfishing and casting outings on reefs for individuals or small groups. Not forgetting the Mauritius Aquarium, home to 100‘s of tropical aquatic life and fish. If the sea doesn‘t float your boat, there are numerous land-based pursuits to participate in. Choose from inland adventure tours, sightseeing in four-wheeled drives, on mountain bikes or hiking (Yann De Maroussem from Yanaventures is a great hiking enthusiast who knows his way around the South), along with a wealth of other activities. The adventurous among you should head to Yemen Nature Park for great quad bike riding and abseiling close to the 3 Mamelles Mountains. The game reserve of Domaine Du Chasseur offers fabulous panoramic views and sunsets, while the magnificent Black River Gorges National Park is home to wonderful wildlife, where birdlovers can spy protected bird species such as
the pink pigeon, kestrels and rare forest trees. Photographers will love snapping away at the Vanilla Reserve des Mascareignes, home to Nile Crocodiles.
If gardening‘s your thing, the Pamplemousse Garden is one of the oldest tropical gardens in the world, bursting with exotic flowers and tropical trees. If architecture‘s your kick, you won‘t be disappointed by the 1830 Eureka
House or St Aubin Colonial House, The Ruins of Ballaclava or Martello Tower, illustrating intriguing history from early settlers. History buffs shouldn‘t miss the modern sugarcane exhibition of L‘Aventure Du Sucre and the Salt
“the country has attracted considerable foreign investment and has earned one of Africa’s highest per capita incomes” Pans of Tamarin, for fascinating facts about the slavery trade. Animal lovers can spend the day with wild stags, tigers and monkeys at Casela Bird Park, home to 140 bird species from five other continents. Set in 25 hectares of tropical vegetation, consisting of a wide variety of palm trees, bamboos, eucalyptus and colorful exotic flowers such as the hibiscus and orchids, you‘ll enjoy a gorgeouslyperfumed day.
So, where do we all get this amazing history and mixed heritage from? Well, it all started back in the 10th century when the Arab navigators, already familiar with Mauritius, gave it the name of Dina Arobi but were not interest-
ed in settling. It was only rediscovered by the Portuguese in 1505, followed by the Dutch, who were believed to have caused the extinction of the famous Dodo which is now the emblem of Mauritius. Then came the French, who lost out to the British, before independence was attained in 1968. Since then, Mauritius has enjoyed a stable democracy with regular free elections (every five years). Along with a positive human rights record, the country has attracted considerable foreign investment and has earned one of Africa’s highest per capita incomes. Due to poor weather in the last couple of years, the declining sugar prices have slowed economic growth, leading to some protests over standards of living in the Creole community, but tourism, textile and offshore investments are the other major economic contributors and Mauritius is one of the few countries which has been resilient throughout the global recession.
Invest in Mauritius with Real Estate Mauritius – contact us by mail info@real-estatemauritius.com or call us +230 794 6437
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Real Estate File What is the Integrated Resort Scheme (IRS)? The IRS is basically a project for the construction and sale of luxury villas to foreigners in an idyllic setting near the beautiful coastal region of Mauritius. The acquisition of a villa for residential purposes only by a foreigner under the Scheme will allow the foreigner and his family to reside in Mauritius as long as he holds the property. The Integrated Resort Scheme (IRS) provides: Villas sold under the scheme form part of a complex of luxury villas of international standard and high-class facilities and amenities such as: golf course, marina and individual swimming pool, nautical and other sport facilities, health and beauty centres, high class restaurants amongst others. Maintenance, waste disposal, gardening, security and other household services are also included. The extent of land in respect of each villa shall not exceed 1.25 arpents (0.5276 hectares). The villa can be acquired on the basis of a plan or during the construction phase.
What is Real Estate Scheme (RES)? Mauritius is renowned for his hospitality industry with some of the best resort hotels in the world. With this in mind government has attracted foreign investment (FDI) by the introduction of several regulations to allow foreigners to purchase real estate in Mauritius. The Real Estate Scheme (RES) provides: The RES, is a new scheme which has been introduced by the Government of Mauritius at beginning of December 2007 to allow the development of any mix of residences for sale mainly to non-citizens on freehold land of an extent of at least 1 arpent but not exceeding 10 hectares. The scheme must offer commercial and/or leisure amenities in addition to the residential component. Individual sites should not exceed 1.25 arpents. There is no minimum value to purchase in the RES scheme yet on property which exceeds USD 500000 the buyer will be granted residency status once his purchase is approved by the government.
What is Invest Hotel Scheme (IHS)? The Invest Hotel Scheme (IHS) allows hotel developers to finance the development of a hotel project by allowing them to sell villas, suites, rooms or other components that form part of hotel to individual buyers. The Invest Hotel Scheme (IHS) provides: for the development of a hotel on either freehold or leasehold land of more than 1 hectare where unites, villas, suites or other parts of the hotel can be sold; that the buyers of a unit enters into a lease agreement by which the property is leased back to the seller; and that the unit leased to the seller may be used and occupied by the unit owner or any person on his behalf for a total of not more than 45 days in any period of 12 months.
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Interview
Christiane Yeung Can you tell us more about your career path and how you came about founding Tripro? Passionate of the Global Business sector, I made my debut in the sector in the 1990s. The Rogers Group asked me to integrate the new global business team, an innovative division at the time. Having planned to be an accomplished executive, I felt the desire to prove myself in another area. Hence my determination to go for further studies in business administration, company secretarial practice and the fiduciary world. I was approached to start a company involved in global business, which was a challenge for someone who wanted to climb the ladder. Intimidated at first, and even tempted to quit for lack of experience, I persevered. It was a unique opportunity that opened up to me to participate in the evolution of an industry that was in its infancy stage. But also a great challenge to manage this very fascinating profession and family expectations, as I just became mother. But thanks to a rigorous training in organisation and discipline, I stood up to the challenges to contribute to positioning the Rogers Group as one of the pillars in the Global Business sector.
In 2008, I decided to leap into entrepreneurship. A new start made with a lot of risk at a time when the tremors caused by the crisis in the euro zone, began to be felt worldwide. Invaded by doubt, I asked myself: is it really the right time to start a business? But it was too late. I had to face the difficulties and make my way through. Four years down the road, Tripro has grown from 4 people to 25.
international financial centres, setting up of trusts and foundations, provision of fund administration, trust administration services and outsourcing services, we also assist non-citizens can obtain residency permit to stay in Mauritius through the following options, (i) Acquisition of property (IRS and RES) in Mauritius, (ii) Occupational Permit to work in Mauritius, and (iii) Retiring non-citizen in Mauritius.
Who is Tripro? Tripro is a management company, duly licensed in Mauritius by the Financial Services Commission to provide Corporate and Fiduciary services to global businesses and high net worth individuals.
We also assist multinationals to set up their Regional Headquarters (“RHQ”) to support their group investments and operations in Africa. The RHQ can undertake a wide range of support activities for regional administration such as corporate finance, treasury and fund management, group accounting, central procurement, marketing and regional payroll, amongst other functions.
With over more than 15 years’ experience in the industry, servicing European and Asian clientele and meeting the quality standards that multinational enterprises and other high net worth individuals demand, Tripro’s team of professionals is fully committed and engaged to provide bespoke advisory services and structures for enhanced efficiency and safeguard of financial resources. We believe in giving a personalised service to each client to meet his/her expectation and a fast turnaround time to any enquiries and in all our undertakings. Tripro’s focus is to gear up to the challenges and opportunities of the next frontier market – Africa, and by bridging Asian / Africa global businesses. Besides setting up offshore businesses and offering tax advices benefits, what other investment services do you offer? Besides incorporation of entities in Mauritius and in major
Why do you need to hire professionals in their respective field? Mauritius is strongly positioning itself as the “Springboard to Africa” and this strategy requires sophisticated, versatile and highly trained individuals to be able to adhere to that strategy. We have developed a culture in Mauritius that rests itself upon the pillars of efficiency, know-how and client-focused endeavors. In order to leverage and ensure that we maintain the high standards that we have set ourselves, there is no other way than to invest in the education of our workforce so that we can develop talented and well-rounded individuals.
Interview Why use Island Premier Foreign Exchange ? Island Premier Foreign Exchange helps clients achieve the best rate of exchange when it comes to making or receiving international payments. Regardless of why you’re transferring your money, the larger the amount you’re looking to move, the more important it is to maximize the timing of your transaction and minimize the risk that the exchange rate could get worse and make your money worth less. Remember, as soon as you decide to move funds overseas or buy and sell an asset abroad such as a property, you are exposed to adverse moves in the currency market.
Island Premier will use our market knowledge to ensure you minimize this risk. My Top 5 Tips on saving money on your foreign exchange transactions : 1.Be realistic on your budget rate. If you are buying or investing in an IRS/RES when working out the exchange rate in your local currency be realistic. It could be that the rate you are working on doesn’t reflect the current market exchange rate. This could see your final purchase price increase.
Island Premier Delphine Marie
2.Fix in the cost of stage payments If you’re buying over a 12 month period be aware currencies can move. Island Premier can offer a forward contract that locks in any potential currency exposure so you know at the beginning your overall cost. Talk to us and we will explain all your options. 3.Check more than one price Just because you have always used your bank it helps to get more than once price. Most banks will quote an indicative price. Island Premier can improve this by in some cases 2 %. 4.Visit you Foreign Exchange Provider You need to feel comfortable with the company you are dealing with. Island Premier invites all clients to visit our dealing floor so they can really understand the process and how their transaction will take place 5.Relax ! The most important point. It may seem very daunting at first but if you take the time you really can save money when it comes to all your foreign exchange transactions. Best Delphine island Premier Foreign Exchange www.iptfx.com
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