In the last 15 years, Mauritius has met the targets of its Economic Development Board to become much more than the friendly and beautiful tourist island it's known to be.
With the most exciting upward movement visible in its financial and technology sectors, very steady growth is seen in the construction/property sectors due to permanent residency investors spending EUR 375,000 and above to gain Mauritian residency as well as pure investment type properties that offer excellent yields on rental income.
Its attractive retirement residency scheme for non-citizens, coupled with those seeking to enjoy the attractive business tax benefits and personal tax in Mauritius, are contributing to the increase in property rentals – this to the benefit of investment property investors.
The increase in investment, business set up, and professional skills employed is driving a demand for more residential property, shopping malls, medical facilities, education, industrial and commercial property. It's an exciting time indeed to become a part of an investor-friendly Mauritius.
Mauritius is constantly applying innovative thinking to attract as much investment and professional skills as possible to achieve the clear goals it has set out for its growth strategy – the next , and probably most exciting, 15-20 year period.
The Capital of Port Louis is situated in the centre of the island towards the West which is known as the financial hub of the island. The main harbour, Port Louis harbour, is also situated here. The government has invested USD 1.3 billion into transforming the harbour into a regional maritime hub, including storage facilities for oil and gas amongst others. The Mauritius container terminal is set to become one of the largest container ports in the region.
Accessibility is key to Mauritius and in line with its strategic vision to position itself as hub to efficiently connect Southern African markets to the Asia Pacific. Mauritius also boasts 20 airlines flying into the island – covering 150 destinations world-wide. Mauritius already services 9 of 15 airport hubs around the world. This includes direct flights Paris, London, Singapore, Dubai, Johannesburg, New Delhi, Mumbai, Perth and Nairobi.
Mauritius remains known for it's clean and picturesque beaches and offers an abundance of outdoor activities. From an array of water sports and fishing activities to choose from on and in the turquoise waters that surround Mauritius, to nature walks and mountain climbing in a year-round pleasant climate that continues to attract visitors from around the world.
There are ample excellent golf courses, hiking trails, cycling routes, state of the art gyms, kite surfing, diving, art education, cultural centres and cinemas to be explored.
This, coupled with the direct benefits from a growing economy that has created a demand for new shopping centres, business hubs and excellent education options, make Mauritius the destination of choice for those seeking residency, retirement, a place to work from remotely, personal work opportunities locally and business set up to benefit from the attractive tax incentives.
Benefits of investing in Mauritius
A straightforward buying process
Low restrictions on foreign investment
An established offering of mortgages of up to 70% off property net price at low interest rates
High demand for rental accommodation in the middle-to-upper end of the market (tourist and professional longer term)
In addition, Mauritius offers:
- A variety of residency options, including:
- Investor permits
- Permanent residency permits for you and family and parents
- Long-term remote work permits
- Retirement permits
- Secure investment location with established rule of law
- Strict regulations to ensure investor protection – which guarantee certainty, predictability and security
- Tax benefits:
- 15% Local Business Tax
- 15% Personal tax
- Tax Incentives for certain sector business set up
- 0% Capital gains tax
- 0% Inheritance Tax
- Excellent international schools
- Excellent medical facilities
- Convenient time zone ( GMT +4 )
Long-term factors to consider
- High demand is expected to result in continuous price increases for both residential property and rental pricing, especially in areas where demand outweighs supply.
- Ongoing regeneration and infrastructure upgrades, which drive demand
- Efficient systems in place for property management, stabilising asset maintenance post investment.
- English widely spoken – English if the first language in Mauritius (business is generally conducted in English)
- Multinational country with a strong cultural backing
All considered, it's easy to see why Mauritius is a chosen favourite for real estate investment.
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Disclaimer: Please do not act in reliance on information published or advised without consulting a suitably qualified independent legal or other professional advisor of your own choosing. Sable International will not be liable for any direct, indirect or consequential loss or damage suffered by any person as a result of their use or reliance on any of the advice provided by any one or all of the professional advisors identified by Sable International. Sable International will not be liable for any direct, indirect or consequential loss or damage suffered by any person as a result of the Portuguese Government changing the legislation and or rules around immigration and nationality. Obtaining Portuguese residency and citizenship is at the sole discretion of the Portuguese Government. Sable International will not be liable for any direct, indirect or consequential loss or damage suffered by any person as a result of the Portuguese Government not granting an applicant residency or citizenship.