Invest in Mauritius
Benefitting from a history of good fiscal governance and political stability as well as an achievement of consistent economic growth of between 4-6% since 2006, Mauritius is now firmly on the map and attracting investors from far and wide as a "tried and tested" market for investment opportunity.
Get in touch with a consultantReal estate investment in Mauritius
Mauritius offers economic prosperity, sustainability and political stability. An 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.
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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.
International hub
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.
Tropical paradise
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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Mauritius residency-by-investment
The Mauritius investment programme permits the investor and family members to obtain long-term residency status.Mauritius may be renowned for its snow-white sands, swaying palms and sapphire waters; but what sets this Indian Ocean island apart from your standard, far-off beach utopia is its high standard of living, modern infrastructure, efficient public services and political and social stability – what’s not to love?
Benefits of the Mauritius residency programme
Straightforward residency
A simple, efficient and uncomplicated process to indefinite permanent residency. The process can be completed in as little as six to eight months.
Residence for the whole family
The programme can cover investors, their spouses, children under the age of 24 as well as parents and/or parents-in-law.
No physical presence requirement
No annual minimum stay requirement to maintain residency status.
Mauritius residency-by-investment: Qualifying criteria
The Mauritius investment programme permits the investor and family members to obtain long-term residency status.
Real estate investment
There are currently four different qualifying real estate investment schemes available to investors:- Minimum property investment of $375,000 in a project within the Integrated Resort Scheme (IRS) – existing IRS projects usually compromise of a variety of luxury residential properties, such as villas, townhouses, penthouses, apartments, duplexes and serviced plots of land, which are attached to a leisure and/or commercial space such as a golf course, a marina a restaurant, or a boathouse.
- Minimum property investment of $375,000 in a project within the Real Estate Scheme (RES) – RES projects are typically smaller than IRS projects and must be on a freehold land (less than 10 hectares) and usually also compromise of luxury residential properties such as villas, penthouses, duplexes and apartments.
- Minimum property investment of $375,000 in a project within the Real Development Scheme (PDS) – the PDS is more flexible than both the IRS and the RES in terms of size and type of property. It was designed to bring greater social and economic benefits to localised communities. Projects and properties within the PDS are subject to strict environmental and ecological impact regulations.
- Minimum property investment of $375,000 in a project within the Smart City Scheme (SCS) – SCS projects comprise residential units such as villas, penthouses, duplexes, and apartments within any of the Smart Cities. The Smart City concept was designed to promote a balance of work, life and play. Smart Cities consist of large-scale mixed-use developments in cosmopolitan urban areas with smart technology, state of the art connectivity, smart modern transportation options and pioneering innovation at their core. Residential estates offer substantial and environmentally friendly living.
There are no restrictions as to property usage, so it is possible to enjoy leisure use of the property, opt for short-term rentals or put a long-term tenant in place.
It is important to note that when you sell the property, you will lose your residency status.
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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; loss or damage suffered by any person as a result of changing government legislation; and/or changing rules around immigration and nationality. Obtaining residency and citizenship is at the sole discretion of the government in question and cannot be guaranteed by Sable International.