#Community Issue 48 November 2021 November 2021 | Page 62

OF MOVING TO MAURITIUS AND CYPRUS as compared with South Africa
INTERNATIONAL INVESTMENT

THE TAX BENEFITS

OF MOVING TO MAURITIUS AND CYPRUS as compared with South Africa

Port Louis , Mauritius
60 R E L O C A T I O N
Just two years ago the International Monetary Fund ( IMF ) declared in a report that South Africans live in one of the 10 most heavily taxed countries in the world ( tax-to-GDP ratio ). Back in 2019 , the report highlighted that personal income taxes had increased by 125 % in just ten years .
Fortunately , South Africa is not the only sunny climate in which we can live – there are others that offer security , stability , and better tax rates . Here we compare Mauritius and Cyprus as alternatives for property investors .
Mauritius
Mauritius has become more than just a luxury holiday destination for honeymooners . It ’ s now a popular investment destination and financial hub offering attractive tax regimes and a stable economy , and has become very accessible to businesses as well as individuals .
Camara de Lobos , Madeira island , Portugal