IHS projects in Mauritius (Invest-Hotel
Scheme)
Invest Hotel Scheme
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 the hotel to
individual buyers.
The Invest-Hotel Scheme thus provides:
For the development of a hotel on either freehold or leasehold land of more than 1 hectare where
units, villas, suites or other parts of the hotel can be sold; that the buyer 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.
Engaging in the Invest-Hotel Scheme
A company intending to invest under the Invest-Hotel Scheme has to apply to the Board of
Investment for an IHS Certificate. The application must be submitted as per the guidelines issued by
the Board of Investment.
Under what principle the Invest-Hotel operates?
Under this scheme, the hotel building is divided into private and common units. The full freehold
ownership of the private units is passed to the respective owners whilst the common units (e.g.
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entrance lobby, garden and roof) are collectively owned in “condominium “proportionally relating to
the size, situation and nature of private space held by each owner.
The sale of units or other parts of the hotel is thus made with a “condominium regulations” that
permits the owner of a unit/property to acquire the full freehold ownership of his unit or property,
hence dividing occupation of the property.
The IHS Company has to create a Syndicate des condominium (an association) and the unit owners
will be, ex officio, grouped as members in the Syndicate of condominium.
Invest Hotel Scheme (IHS)
Aim of Scheme
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 the hotel to individual buyers
Terms and Conditions
The Integrated Resort Scheme provides:
• For the development of a hotel on either freehold or leasehold land of more than 1 hectare
where units, villas, suites or other parts of the hotel can be sold;
• Buyer of a unit enters into a lease agreement by which the property is leased back to the
seller
• 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.
Eligibility for acquisition of unit or other parts of a hotel
The following persons may acquire a residential property from a RES Company:
• A non-citizen of Mauritius
• A citizen of Mauritius
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• A company registered as a foreign company under the Companies Act 2001
• A company incorporated under the Companies Act 2001
• A société, where its deed of formation is deposited with the Registrar of Companies
• A trust, where the trusteeship services are provided by a qualified trustee licenced by the
Financial Services Commission
Investment in acquisition of a unit
For stand alone villa
• The amount of investment in the acquisition of a stand alone villa should not to be less
than US$500,000 (excluding taxes) or its equivalent in any freely convertible currency.
• For units other than stand alone villa – No minimum investment required to acquire such
units.
Important Links:
https://residency.mu/acquire/invest-hotel-scheme/
https://www.jinvestyilemaurice.com/
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Exhibit A. Legal Description of Properties:
Long Beach IHS Ltd
Location Belle Mare
Project For the sale of 90 units
Contact person Mr. Tommy Wong
Address C/o Sun resorts Ltd
Ebene Skies
Rue de L’Institut
Ebene
E-mail tommy.wong@sunresorts.mu
Tel No. (230) 402 0088
Fax No. (230) 402 0199
Web page address www.sunresortshotels.com
Status IHS Certificate
Beau Rivage Co Ltd
Location Beau Rivage
Project For the sale of 12 villas out of 186 units forming part of the hotel
Contact person Mr. Paul Jones
Address Beau Rivage Co Ltd
Pierre Simonet Street
Floréal
Status IHS Certificate
Mauriplage (I.H.S One) Ltd
Location Wolmar
Project For the sale of 34 units out of 65 units forming part of Maradiva Villas
Resort and Spa
Contact person Mr. Nityam Fowdar
Address Maradiva Villas Resort & Spa
Wolmar
Flic en Flac
E-mail n.fowdar@maradiva.com
Tel No.
Fax No.
Web page address http://www.maradiva.com
Status IHS Certificate
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Jinfei Eden Development Company Ltd
Location Riche Terre
Project Development of a 5-star hotel comprising 185 residential units
Contact person Mr. Liu Xin/ Mr. Yang Changhe
Address Silkroad
Riche Terre Road
Terre Rouge
E-mail liuxintisco@aliyun.com; yangchanghe1985@126.com;
jfetmu@163.com
Tel No. Tel: +230 6509990
Mobile: 5255 3096
Fax No. +230 2472189
Web page address http://www.jfjmy.5dlc.com/
Status Letter of Approval
Les Salines Golf & Resort Limited
Location Les Salines
Project Development of a 460-key hotel made up of 338 rooms, 56 branded
apartments and other related amenities and facilities (an inland bathing
lagoon, kids club, spa, beach club, sports centre and boat house)
Contact person Mrs. Pauline Seeyave
Address Beachcomber House
Botanical Garden Street
Curepipe
E-mail pseeyave@beachcomber.com
Tel No. 230 601 9217 / 601 9269
Fax No. 230 675 3249
Web page address
Status Letter of Approval
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B59 Ltd
Location Belle Mare
Project Development of a 92 hotel rooms (84 rooms and 8 villas) and other
amenities
Contact person Ms. Samantha Casquette
Address Lavastone Properties Ltd
33, Edith Cavell Street
Port Louis
E-mail Samantha.Casquette@lavastone.mu
Tel No. 230 213 7676
Fax No. 230 213 7677
Web page address
Status Letter of Approval
Mella Villas IHS Ltd
Location Balaclava
Project Sale of 20 units out of the 52 units forming part of Angsana Balaclava
Resort
Contact person Mr. Denis Seksum & Mr. Patrice Tze Seksum
Address Suite 308
St James Court
St Denis Street
Port Louis
E-mail densum@intnet.mu ; patricetze@gmail.com
Tel No. 230 211 6242
Fax No. 230 2117489
Web page address -
Status IHS Certificate
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Anse Des Salines Ltd
Location Les Salines, Black River
Project Development of a boutique hotel of 69 units including 30 standard
rooms, 20 suites, 7 villas, 12 apartments, a spa, swimming pool,
restaurants, business centre and boat house
Contact person Mr. Robin Dwarka
Address KDA Geosystems Ltd
4th Floor Stratton Court
Poudriere Street
Port Louis
E-mail robin@kda-ltd.com
Tel No. 230 211 0595
Fax No. 230 211 0594
Web page address -
Status Letter of Approval
B. Mungroo & Co. Ltd
Location Pointe Aux Piments
Project Development of a 62 key hotel with lounge and kitchen, restaurant,
gymnasium, wellness centre, bar/pool house with related amenities
Contact person Mr. B. Mungroo
Address Royal Road, Montagne Blanche
E-mail assohotels@gmail.com
Tel No. +230 437 5132
Fax No. +230 453 8562
Web page address -
Status Letter of Approval
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SDL Hospitality GB Ltd
Location La Croisette, Grand Baie
Project Development of an aparthotel of 104 apartments including 118
bedrooms with various amenities
Contact person Mr. Danny Fon Sing
Address Level 12, One Cathedral Square Building
16, Jules Koenig Street
Port Louis
E-mail Danny.fonsing@maxcity.mu
Tel No. 210 5000
Fax No.
Web page address -
Status Letter of Approval
Merville Limited
Location Grand Baie
Project Development of a 119-key five-star luxury hotel
Contact person Mr. Riad Chonee
Address Lux Island Resorts Ltd
Pierre Simonet Street
Floréal
E-mail riad.chonee@lir.mu
Tel No. 698 98 00
Fax No.
Web page address luxresorts.com
Status IHS Certificate
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