• Villas Du Paradis is a development approved by the Mauritius Government via the Economic Development Board (EDB) under the Property Development Scheme (PDS), where foreign buyers can buy and also receive a residence permit which is valid for the duration of ownership.
• Property is freehold title.
• Under PDS rules a commercial bank has to issue a completion guarantee (GFA) to buyers when buying off plan. This is issued when the deed of sale is signed.
• Off plan acquisition is based on the followed payment terms:
• Note 1: All payments are made to the notary into their Escrow (Trust) Account.

1. 10 % on signature of Reservation Contract (10%)
2. 15 % on signature of Deed of Sale (25%)
3. 10%on completion of foundations (35%)
4. 35% on completion of roof height (70%)
5. 25% on completion of construction (95%)
6. 5% on handover (100%)

Additional Costs:

• 5% Government Duty
• 1% Notary Fee MUR 20,000 EDB processing Fee for Letter of Approval to purchase property.
• Note 2: Resident Permit can be obtained after signature of Deed of Sale, thus you don’t have to wait until completion of construction as you will also have a Completion Guarantee from a commercial bank.