Posted on 30 August 2016
The lure of tropical beaches, world-class resorts and low taxation are increasing Mauritius’s appeal as an international investment destination.
Situated in the ‘golden triangle’ connecting Asia, Africa and Australia, modern-day Mauritius is one of the wealthiest and most business-friendly nations in Africa. An impressive track record in investment and political stability, it lies in one of the largest Exclusive Economic Zones and has experienced more than three decades of sustained economic growth. Furthermore, Mauritius is a secure investment location with established rule of law, as well as a flexible, bilingual (English/French) and skilled workforce.
One of the key appeals to foreign investors is investment-friendly regulatory regime, which makes the country open to foreign investors and talents, as well as offering very friendly taxation and the opportunity to gain residency through investment.
“No housing or property tax, no inheritance tax on properties purchased and no capital gains tax speaks directly to property investors and home buyers, particularly those looking to relocate for retirement or simply a highly appealing lifestyle in a sought after international location,” a leading estate agency recently told property news site OPP.Today.
“Coupled with this, for a minimum investment of US$500 000 – assuming you retain your property acquisition – foreigners are entitled to a residency permit and may then apply for a Mauritian passport after five years. The low tax rates encourage business formation and naturally appeals to retirees, while the island’s corporate tax rate of 15 per cent has made it attractive to foreign investors. There is also no withholding tax on dividends.”