Real Estate has been one of the foundations of Foreign Direct Investment in Mauritius. Property investment has grown considerably in recent years and is quickly becoming a worthwhile business alternative.
Adding to that, there are many reasons, which complement the decision of foreigners in moving to the island to invest in real estate property.
Property investment in Mauritius
The purchase of a property, with a value of USD 375,000 or more in dedicated real estate projects, entitles the buyer to a residence permit.
This permit is also issued to dependants (spouse, children and/or retired parents), allowing them to live and establish their tax residence in Mauritius.
As the legal owner of the property, the purchaser is therefore entitled to rent out the property and generate rental income and capital gains.
Mauritius inhabits solid protection to private property rights, and ranks first in Africa for International Property Rights.
This is a guarantee that the government respects private property rights and that expropriation is improbable. Any expatriate or foreign investor can own a property in Mauritius safely; their rights are fully respected and covered by regulations.
Property investment in spite of the pandemic
Even with the effect of the COVID pandemic on the global economy, real estate properties remain a valuable asset as it appreciates over time.
Whether it is a high-end villa, a penthouse or an apartment, the value will most likely increase over time.
Property investment also offers interesting returns, including capital gains opportunities depending on the length of time and the location, as well as rental income.
Buying a property in Mauritius as a foreigner is therefore ideal for investment purpose, or when planning for your retirement.
Buying a property as a second home is also a popular choice when looking to enjoy your holidays in the tropical island of Mauritius.
An appealing fiscal regime
Many foreigners are moving to Mauritius owing to the interesting fiscal regime that the country offers. In Mauritius, tax on income generated by renting a property, income from a professional activity, as well as Value Added Tax (VAT), are harmonised at 15%. Moreover, the tax system of Mauritius has the following features:
- Double Taxation Agreement signed with various countries across the world;
- No exchange control;
- Freehold ownership;
- No property tax nor housing tax;
- No inheritance tax; and
- No capital gains tax.
A unique environment and lifestyle
Mauritius is an island located in the Indian Ocean that is perfect for doing business and living. Each year, more and more foreigners and investors are attracted to the island because of the opportunities it offers.
There are many reasons why people choose to invest in real estate or relocate to Mauritius. Some of these reasons include its favourable economy, political stability, and geographic location.
People move to Mauritius for many reasons, one of which is the tropical climate that is enjoyable all year-round.
The island’s natural beauty and beaches are also major attractions. Additionally, there are many leisure activities, hotels, and restaurants available on the island.
In addition, it has international schools (French and English speaking) and a healthcare system modelled after the European system. English and French are widely spoken throughout the island, so you will never have a problem communicating.
There are many activities to enjoy on Mauritius, thanks to its unique landscape. The island’s volcanic foundation and its proximity to the ocean make it the perfect place for outdoor activities.
Hiking up the mountains for a view of the sea is a popular activity on Mauritius. Moreover, with its internationally recognised golf courses, Mauritius is a paradise for amateur as well as professional golf players.
Mauritius is a popular destination for investors and foreigners. It is therefore important to have experienced professionals with you when you relocate.
Companies like PLEION Private Services can provide a range of services, from property investment to property management and relocation. This is ideal for anyone looking to invest in property or relocate with his or her family.
The ease of doing business
Mauritius has a very dynamic business environment, known for its substance and reputation. Mauritius is known for corporate structuring and the headquartering of business activities, and is home to about 20,000 offshore companies.
Through its bilateral and multilateral trade agreements with African and Asian countries, the island gives access to more than 2.5 billion customers.
Mauritius is a great place to do business, which offers a number of advantages, including:
- Tax free dividend
- 100% foreign ownership
- Free repatriation of profits, capital and dividends
- Bilingual (English and French) and qualified workforce
- Reliable internet connectivity
- IT outsourcing companies enabling businesses to transform
- Robust political and economic stability
- Availability of high-end office space
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Mauritius is a great place for property investment and businesses because it has an ideal environment and living conditions. This makes it the perfect place to live, work, and relocate to.