An IRS, Integrated Resort Scheme, provides for the development of luxury villas of international standing as well as extensive and high-class leisure and recreational facilities. These may include golf course, marina, individual swimming pool, catering, nautical and other sport facilities and health centre, but will not be limited to them nor necessarily combine them all. Day-to-day management services such as security, maintenance, gardening, solid waste disposal and household services are provided to the residents.

These villas can be sold to both foreigners and local residents so that through the IRS, international buyers will be granted a Residence permit that is attached to ownership of the residential IRS unit. Other types of buyers of IRS villas include foreign companies under the Companies Act 2001 and Companies incorporated under the Companies Act 2001.

The specificities of an IRS project include:

Types of residential property

An IRS company may provide the following types of residential properties:

(a) Luxury villa with attending services and amenities

(b) Luxury apartment with attending services and amenities

(c) Penthouse with attending services and amenities

(d) Other similar properties used, or available for use, as residence with attending services or amenities

Extent of Property

Each villa has to be developed on land not exceeding 0.5276 hectare (1.25 arpent).

Cost of residential property

The minimum sales value of an IRS villa is USD 500,000 out of which USD 70,000 shall be extracted as payment of a fixed duty (Land Registration Duty) to the Government of Mauritius.

Guides for IRS promoters

Two step-by-step guides have been drafted to assist promoters of IRS projects in their procedures regarding land acquisitions and the implementation phase:

• Land acquisition
• Procedures and Conditions in implementing IRS projects