Amari Bay

A remarkable residential development concept situated in a picturesque location

LOCATION

LA TOURELLE . TAMARIN

A perfect blend of natural beauty, tranquility, and convenience

Nestled between mountain and sea, unfolds Amari Bay; designed by passion for the epicureans accepting nothing less but perfection.

Amari Bay is situated in La Mivoie, at the foot of the Tourelle du Tamarin mountain which towers over the small villages of Tamarin & Black River. La Mivoie is a beautiful and serene location close to the essential facilities and overlooks the mythical Tamarin Bay, where surfing reigns supreme.

Suitably rooted between lush greeneries and a gorgeous azure lagoon, Amari Bay enjoys a prime location on the West coast of Mauritius.

PROJECT

An intimate living experience

Amari Bay is designed for absolute comfort and high intimacy. An exclusive residence swept by the south wind, where endemic and tropical plants and fragrant flowers offer a vision of Eden. The architecture allows the residents to seamlessly transition between the interior and exterior spaces, making the most of the tropical climate and enjoying the refreshing breezes and natural beauty of the surroundings.

The pool house serves as a communal area where residents can unwind while the private BBQ area provides an opportunity to gather with friends and family, enjoying outdoor cooking and socializing.

Additionally, floor-to-ceiling windows bathe the interiors in natural light while offering uninterrupted views of the glistening waters of Tamarin Bay.

2 LUXURIOUS VILLAS

The villas enjoy a mix of complete openness and peaceful seclusion with an incredible attention to details. Enjoy the tropical breeze, soulful sound of the infinity pool and the stunning glass features, creating a synergy between outdoors and indoor living spaces.

6 HIGH-STANDING APARTMENTS

The apartments combine volcanic stone craftsmanship with solid wood and metal ornaments, giving this residence a chic and modern tropical style. A stylish fusion of natural and contemporary elements.

2 EXCLUSIVE PENTHOUSES

The penthouses are meticulously designed to provide a truly sensational experience; exquisite interiors that perfectly complement the awe-inspiring views of Tamarin Bay. The architecture and decor have been carefully crafted to create a harmonious blend of sophistication and comfort. Each penthouse boasts spacious balconies, allowing you to immerse yourself in the breathtaking surroundings.

Amari Bay

A luxurious cocoon in the heart of nature, an exceptional place to create your most beautiful memories, inspired by the azure tones of the Indian Ocean and the surprising beauties of the wilderness.

Amari Bay

OUTSTANDING LIFESTYLE

The epitome of luxury and opulence

Golf

GOLF

Indulge in the championship 18 hole, par 72 course at Tamarina Golf Club situated only 5 minutes away. A natural grass course, spreading over 6,886 meters long & perfectly maintained as per P.G.A standards.

Surf

SURF

Enjoy the thrill of unique surf sessions in the mythical Tamarin Bay. The spot works with southwest swells and almost all year round. It’s a fun wave, suitable for surfers of all levels. Adrenaline rush guaranteed.

Kitesurf

KITESURF

Kitesurf at the world’s unique Oneye Spot in Le Morne where consistent trade winds provide ideal conditions for kitesurfing. Harness the power of the wind & ride the waves or glide peacefully over the lagoon.

&

A POOL HOUSE NAMED ATTITUDE

Basked in absolute comfort and intimacy, the grand pool house presents a symmetry of ingenuity and grace with a private barbecue area, a private dining room and a sunken living room, perfect for hosting your guests with a majestic view of the bay.

Amari Bay

AMARI SPA

A secluded retreat nestled in the heart of nature, a haven of peace and tranquility designed to inspire and refresh your senses.

Step into this serene sanctuary and enjoy the delicate aromas of essential oils that set the stage for your rejuvenating journey.

MAURITIUS

Mauritius is renowned for its idyllic landscapes, white sandy beaches and beautiful turquoise lagoons. Mauritius provides a sophisticated lifestyle combining comfort with luxury, modernity with cultural traditions and work with leisure and offers modern infrastructures and amenities.

The country has positioned itself as a popular destination for investors due to several factors that make it an attractive business and investment hub : Political stability, strategic location, investment-friendly policies, financial services hub, skilled workforce, modern infrastructure and amenities, economic diversification, double taxation treaties.

Property Acquisition in Mauritius

  • Foreign nationals.
  • Any person of Mauritian nationality.
  • Companies incorporated or registered under the Companies Act 2001.
  • Civil companies governed by the Mauritian Civil Code, whose articles of association have been filed with the Registrar of Companies in Mauritius.
  • Limited partnerships governed by the Limited Partnership Act.
  • Trusts where at least one of the trustees is a Qualified Trustee by virtue of a license issued by the Financial Services Commission of Mauritius.
  • Foundations governed by the Foundations Act.

The above are entitled to acquire VEFA, IRS, RES, PDS, SCS, G 2, IHS properties.

Foreigners seeking to acquire property in Mauritius must obtain approval from the appropriate government body depending on their status.

For individuals, approval from the Prime Minister’s Office (PMO) is required, while investors must seek approval from the Economic Development Board (EDB). The EDB administers several schemes for the acquisition of residential property in Mauritius, which are approved for foreign investors.

It’s important to note that all new residential projects for foreign investors in Mauritius are now grouped under the Property Development Scheme (PDS), including those previously marketed under the IRS and Real Estate Scheme (RES) names. As a result, any property marketed under these names is subject to the same purchase formalities, regardless of the name used.

The EDB has published a comprehensive guide to purchasing real estate under the IRS/RES and PDS schemes in Mauritius which can be found here: https://edbmauritius.org/real-estate-hospitality

In Mauritius, the VEFA (Vente en État Futur d’Achèvement), also known as off-plan purchase, is governed by articles 1601 and subsequent articles of the Mauritian Civil Code, which is based on the Napoleonic Code, and must be formalized in a notarial act.

All properties under the IRS, RES, and PDS schemes can be acquired under VEFA. This program involves purchasing a property that is yet to be built, under construction, or for which the developer guarantees delivery upon completion. The developer provides the buyer with plans and diagrams relating to the real estate project to give an idea of the end result.

The developer is responsible for obtaining the necessary building permit, securing relevant insurance, monitoring the work progress, and complying with legal requirements.

The VEFA is open to both Mauritians and expatriates. However, the latter can benefit from several advantages through real estate investment in Mauritius. The Sale in Future State of Completion allows expatriates to:

  • Participate in the interior design of their property
  • Make payments for their purchase in installments
  • Apply for a Resident Permit for themselves and their immediate family if they purchase property for $375,000 or more.
  • Signature of the reservation contract;

The buyer and the developer sign a contract confirming the reservation of the property to come. In the absence of a reservation contract, the developer can proceed directly to the final sales contract.

What the reservation contract must contain?

The document must clearly mention the following:

  1. The type of property;
  2. Its description;
  3. The sale price and, if applicable, the conditions for its revision;
  4. The date of conclusion of the final contract;
  5. The deadline for the implementation of the work;
  6. The legal conditions of renunciation of the purchase by the buyer, with the recovery of the deposit;
  7. The suspensive condition of financing if the buyer wishes to resort to a real estate loan.

  • The security deposit;

Following the signature of the reservation contract, the buyer deposits a deposit, which represents 2 to 25% of the value of the property, on an escrow account opened in the name of the buyer at a notary’s office, or in a financial institution. Be careful; this deposit must be paid only when both parties have signed the reservation contract!

In case of non-realization of the real estate project, the promoter must obligatorily return this deposit to the purchaser. If the buyer decides not to buy, he/she must respect certain conditions to get his/her deposit back.

When the buyer signs the preliminary reservation contract in order to reserve his property under the VEFA, he is required to pay a deposit into a special account opened through the notary. Until the conclusion of the sales contract, this sum remains untouchable unless the VEFA does not materialize.

  • The notarial deed;

The deed of sale in the future state of completion is established by a notary. The Mauritian civil code provides for the content of the document as follows

  1. Exact and detailed description of the property in VEFA ;
  2. Date of completion of the construction
  3. Delivery date expressed in months, with late penalties in case of overrun
  4. Financial guarantees of completion of the works and/or reimbursement and construction insurance
  5. Mention of administrative authorizations (building permit…)
  6. Price of the real estate
  7. Schedule of payments.
  8. The final sales contract, drawn up by a notary.


One month before the signing, the notary issues the contract, equivalent to a title deed. It indicates the rights and obligations of the buyer towards the seller – the precise and final description of the property.

  • The delivery of the property

This is when the developer hands over the keys to the buyer. This stage marks the activation of the obligatory biennial and decennial guarantees:

  1. Guarantee of perfect completion (article 1642-1 and 1648 al. 2)
  2. Guarantee of proper functioning of the separable equipment elements (article 1646-1 and article 1792 of the Civil Code on biennial guarantees)
  3. Decennial guarantee (article 1646-1 and article 1792 of the Civil Code)

Although the buyer can accept the result without reservation, he can claim the guarantee of perfect completion during the year following the reception. This is if he notices, for example, defects.

If the purchaser has reservations upon acceptance of the work, he is entitled to ask the developer to remedy them and to resume the work within a period agreed upon.

  • The completion guarantee.

To protect the purchaser of a property intended to be lived in, the developer is obliged to provide him with

  • A completion guarantee or financial completion guarantee (known as “GFA”): a bank guarantee through which a financial institution undertakes to advance the sums required for the completion of the work, in the event of default by the developer. The financial guarantee of completion allows the building to be completed without cancelling the sale.

or

  • A reimbursement guarantee: which allows the reimbursement by a financial organization of the sums already paid by the purchaser in case of non completion. The activation of this guarantee cancels the sale.

The Guarantees Of A Vefa Construction

By choosing the VEFA, the buyer is protected by a series of guarantees:

  • Functioning of the equipment, optional guarantee, valid for 2 years. It covers all equipment that can be separated from the construction (shutters, taps, etc.).
  • The ten-year warranty or “warranty against hidden defects”. Thanks to this guarantee, the buyer has 10 years from the date of delivery of the property to report and repair any defects that affect the solidity of the building (foundations, roof, etc.)
  • Damage insurance, contracted by the developer for immediate coverage by the insurer of work related to the ten-year warranty. It is valid for the entire duration of the guarantee.

Staggered payments for a VEFA property:

  • 25% of the sale price upon signature of the sales contract;
  • 10 % on completion of the foundation work;
  • 35% upon completion of the roof;
  • 25% upon completion of the work;
  • 5% on delivery.

Upon purchase of a property under the PDS scheme, you will be eligible for a residence permit if you have invested USD 375,000 or more or the equivalent in another freely convertible currency.

The IRS and RES real estate programs are being replaced by the PDS or Property Development Scheme to allow new luxury real estate developments for sale to foreign nationals.

All units can be acquired by foreigners wishing to invest in Mauritius in an environment-friendly setting where the ecological aspect is paramount.

Launched in 2015, this program is oriented around flexibility, localized social and economic contribution, and respect for the environment. A project meets the PDS standards when it has a minimum of 6 residential properties of high standing. The surface area of a plot of land for the construction of a villa, it is 5,275 m²

The Property Development Scheme (PDS) is designed for:

  • The development of luxury residential units on a lot size of at least 1 acre;
  • The development of at least 6 luxury residential properties (villa, house, apartment, penthouse, duplex, building plot, etc.);
  • Provide quality public spaces to promote social interaction and a sense of community;
  • Provide quality recreational and commercial facilities to enhance the environment surrounding these residential units;
  • Provide management services for residents, including maintenance, custodial services, gardening, waste disposal;
  • Social contribution in terms of facilities and through community development and other facilities.


The projects developed under this program are built on land of all sizes, up to 20 hectares. They are luxury residential properties sold exclusively on a VEFA basis but with no minimum purchase price, meeting high international standards. Owners enjoy open spaces, high-level leisure and recreation facilities, and daily management services.

By investing more than USD 375,000 in a PDS project, the non-citizen, his/her spouse and children under 24 years of age, are granted a residence permit as long as the purchaser holds the residential property. Finally, a non-resident holding a residence permit under the SDP is exempted from an occupation or work permit to invest and work in Mauritius.


Advantages Of The Pds Scheme In Mauritius

Upon purchase of a villa under the PDS scheme, you will be eligible for a residence permit if you have invested more than USD 375,000 or the equivalent in another freely convertible currency. This residency permit is valid as long as you retain ownership of the property. It allows you to benefit from the particularly favorable tax policy if you stay more than 183 days per year in Mauritius while being valid for your immediate family members (spouse and children up to the age of 24).

Registration fees under the PDS are harmonized at a single rate of 5%. The conversion tax is not applicable on 9-hole golf courses. You have the option of renting your property through a reputable real estate agency, which will find tenants and manage your property in your absence for the whole year or part of it.

Whether you are an individual or a business, with the PDSyou benefit from the flat and advantageous 15% tax rate for businesses and individuals, as well as a registration fee of only 5% on real estate transactions. There is no capital gains tax on the sale of the property and no withholding tax on interest and dividends.

You will benefit from duty exemptions on equipment and the free repatriation of profits, dividends and capital. For French buyers, this investment is not included in the calculation of the wealth tax (ISF) and there is no generalized social contribution (CSG), property tax or housing tax. Due to the double taxation agreement with France, if the income comes from the rental of real estate, it will only be taxed in Mauritius at 15%.

Are eligible to purchase a residential property PDS:

  • An individual, Mauritian citizen, non-citizen or member of the Mauritian diaspora;
  • A company incorporated or registered under the Companies Act;
  • A company whose memorandum of association is filed with the Corporate and Business Registration Department;
  • A limited partnership within the meaning of the Limited Partnerships Act;
  • A trust, where guardianship services are provided by a qualified trustee;
  • A foundation under the Foundations Act;
  • An expatriate holding an Occupation Permit or Resident Permit in Mauritius in search of a luxury villa with services and amenities or a luxury apartment with services and amenities or a penthouse with services and amenities or other similar properties that are used or can be used as a serviced residence.


There are 3 cases: purchase of a PDS property by an individual; purchase of a PDS property by a company; purchase of a commercial PDS property by a company.

Purchase of a PDS property by an individual

The application to purchase a PDS property must be submitted to the EDB by a company that specializes in the PDS program. This company will carry out the Know Your Client (KYC) exercise and open an Escrow Account in your name. The application must be made online through the Property Acquisition and Management System. A non-refundable fee of Rs 20,000, payable by cheque, is applied to each application.


As an individual buyer, the following documents are required:

  • A certified/notarized copy of the first 5 pages of your passport;
  • A certified/notarized copy of your birth certificate;
  • A letter from your bank certifying that the KYC exercise has been completed.


If you wish to apply for permanent residency, you will also need to produce the following documents:

  • A completed resident permit application form;
  • An extract of your criminal record dated less than 6 months prior to the application;
  • A certified/notarized copy of your birth certificate;
  • A medical certificate dated less than 6 months prior to the application, certifying that you are free of any illness;
  • An extract of your marriage certificate and the birth certificate of your children, if you are accompanied by family members, as well as their passports;
  • A medical certificate for each of your dependents;
  • An extract from your spouse’s criminal record;
  • 2 passport-size photos for the applicant and his/her spouse.

 

Purchase of a PDS property by a company

 

In the case of a company wishing to purchase a property under the PDS program, an application must be made to the EDB for authorization. The following documents must be submitted:

  • The company’s certificate of registration, showing that it has been registered as a foreign company under the Companies Act of 2001, or a certificate of incorporation ;
  • The company’s registration card;
  • The register of shareholders;
  • A resolution of the Board of Directors, issued by the Secretary or Director for the appointment of a foreign national (shareholder, executive director or general manager) to occupy the residential property and stay in the country as a resident;


All the above-mentioned documents in the case of foreign nationals applying for a resident permit accompanied by their dependents.

Purchase of a commercial PDS property by a company

Foreign nationals who are not registered with the EDB can acquire commercial space in a building to develop their business, including a shopping mall, office building or warehouse, or even under the PDS or Smart City Scheme. For this, an application must be made to the EDB for a permit.

Documents to be submitted:

  • A completed application form signed by the company director ;
  • Certificate of incorporation of the company and register of shareholders;
  • A business plan containing details of the shareholders, project, time frame and financing of the project;
  • A site plan issued by a sworn surveyor indicating the precise location and size of the property;
  • An appraisal report of the property issued by a surveyor or appraiser;
  • A bill of sale drawn up before a notary public in Mauritius between the seller and the buyer;
  • Proof of funds from a bank (for the acquisition of the property and the implementation of the project);
  • An Outline Planning Permission issued by the local authorities if construction works are planned;
  • A letter of power of attorney in the case of a third-party application;
  • A letter of intent issued by the Tourism Authority in the case of tourism activities such as a hotel or restaurant development, yacht operation, tour operators, etc.

 

Payment Schedule For A Real Estate Purchase Under An PDS Project

The reservation contract must be made by a notary and once the application to the EDB has been approved, the deed of sale can be signed and registered.

When the acquisition of a PDS property is done on plan or in the construction phase, the contract is governed by the provisions of a sale in future state of completion (VEFA) or a forward sale, as the case may be, in accordance with the provisions of articles 1601-1 to 1601-45 of the Mauritius Civil Code.

The payment schedule of a property in PDS is similar to that in VEFA :

  • 25% of the sale price at the signature of the sale contract ;
  • 10% upon completion of the foundation works;
  • 35% upon completion of the roof;
  • 25% upon completion of the work;
  • 5% upon delivery.

It should be noted that to obtain a residence permit through the acquisition of a real estate residence, a minimum of USD 375,000 is required. The purchaser and his family members (spouse and children under 24 years of age) become eligible for the Mauritian residence permit, which is valid for the entire period of ownership of the property.

Good to know:

Owners of real estate in IRS/RES/PDS can rent out their property, become tax residents in Mauritius and are not subject to any restrictions on repatriation of funds or income from the sale or rental of the property.

Non-citizens holding a residence permit under the IRS/RES/PDS are exempt from the Occupation Permit or Work Permit to invest and work in Mauritius.

Amari Bay

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Luxury becomes a way of life

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