real estate & construction
The objective of the Finance Bill is to provide for the implementation of measures announced in the Budget Speech 2021-2022. This note summarises its key proposals, which will be debated and voted at the National Assembly in the coming weeks. It aims to provide a basic understanding of the proposed measures that are relevant to
Read More
The real estate sector is identified as being highly exposed to the risk of money laundering. Real estate agents are therefore prone to being the target of criminals for hiding illicit gains, which is why they can undoubtedly play a pivotal role in the detection of a suspicious transaction/activity. As a result, the Financial Intelligence
Read More
Real estate is identified as a sector that is highly exposed to the risk of money laundering. The vulnerability of the real estate sector is explained by the fact that high value properties are often acquired through complex structures or third-party nominees, and/or involve the risk of value manipulation.As in other countries, the sale and
Read More
As in other countries, the sale and purchase of immovable properties in Mauritius is facilitated through real estate agents. However, until recently, the agency sector was wholly unsupervised, which meant that anyone could act or hold themselves out as an agent and consequently be paid a percentage (usually 2%) of the sale price by both
Read More