Mauritius for holidays is a dream come true, but residing on the island is even better. Here’s a guide to help you invest in Mauritius.
White sand, coconut trees, azure lagoon, beachfront villas, Mauritius is a destination that invites for relaxation. The island is located at the height of the Tropic of Capricorn resulting in a warm tropical weather with over 300 sunny days a year.
The Mauritian population is one of the world’s most multicultural. The assorted origins of its inhabitants has added to its beauty and its well-being. For holidays or to buy a property in Mauritius, here are the highlights of the island:
Newly developed country
Mauritius is one of the three most developed countries in Africa. The island has a modern international airport linking to the 5 continents. It must be said that the island has significantly grown since its agricultural beginnings. Today Mauritius a cyber-island ideally placed between Africa and Asia.
Political stability of the Mauritian economy is strong and diverse. Better yet, Mauritius projects this economic stability to the neighbouring islands and referred to as the perfect economic model.
Mauritius is a unique business centre in the world. The Mauritian government aims to optimize the offshore sector by providing tax incentives to foreign investors. If you want to start a business in Mauritius, you will be free from income taxes, accounting barriers and the costs of creating operations are very minimal.
For investors or retirees who want to live in Mauritius, several permanent resident permit options are available, here are the 2 main:
Real estate purchase
In accordance with the IRS or RES property programs set up by the Mauritian Government, the acquisition of a real estate property as a villa or apartment in Mauritius at a minimum price of $ 500,000 allows the investor to get his permanent resident permit. The residence permit will remain valid as long as the purchaser owns the property
Retire in Mauritius
For retirement in Mauritius, it is required that the person earns a minimum income of $ 40,000 per year. However, this amount must be active on a bank account in Mauritius. Through this program the retiree gets a residential permit of 3 years and after this period, the person can opt for a permanent residence permit.