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Mauritius has a deed system whereby the notary has the legal obligation to draft the property deed and to ensure that the property is free from any encumbrances and all documents are in order. The buyer is free to choose the notary of his/her choice.
The following taxes and duties are applicable:
|Registration Duty Payable by purchaser||5% of the transaction value|
|Land Transfer Tax Payable by vendor||5% of the transaction value|
|Notary fees||Scalable up to a maximum of 2% of the transaction value|
- Registration of transactions involving a warehouse or high-tech manufacturing activities as approved by the Economic Development Board are exempted from payment of registration duty and land transfer tax.
- Other examples of exemptions from Land Transfer Tax and Registration Duty are available in the 8th Schedule of the Land (Duties and Taxes) Act 1984 and S27 of the Registration Duty Act 1804.