MAURITIUS FACTS
MAURITIUS
Lifestyle Investments in
Mauritius
Government incentives for investors
BY DREW HOOK
Situated in the‘ golden triangle’ connecting Asia, Africa and Australia, Mauritius is the converging point of global civilizations – a place where one can feel the cosmopolitan pulse of the world. Investors have probably never considered actually living in Mauritius or having your second home- attraction is the proximity to South Africa, so you can be back with your family and friends within 4 hours, but moving to this tropical island is entirely feasible.
South Africans looking to buy cross border holiday or retirement homes, with the added benefit of qualifying for permanent residency and the potential for US dollar-based capital growth should look at Mauritius.
The Investment Department of Mauritius has introduced the Property Development Scheme( PDS), an amalgamation of their two previous investment schemes( i. e. IRS and RES). This allows foreigners to buy property in approved projects. Foreigners who invest $ 500, 000 or more then qualify for a residency permit and favourable tax benefits on the island.
Mauritius is acclaimed today as a leading investment destination. The country is recognised by international organisations for continuous improvement in its doing business was first in Global Competitiveness Index 2016-2017 in Africa and first in Africa for Mo Ibrahim Index of African Governance 2016.
Yanesh Puryag is a Mauritian property expert who runs his own property company called Yes Properties
based in Port Louis the capital. He helps offshore investors find, manage, invest and even settle into Mauritius. He takes all the hassle out of finding properties, following the process of setting up proper investment structures and completing the necessary paperwork. Some families may want to move to Mauritius to retire or seek a residency permit, which can be extended to the owner’ s spouse and dependents. Yanesh is passionate about where he lives.
For South Africans he believes it is not only a great place to invest but to live a world-class stress free and relaxed lifestyle away from hustle and bustle of city life. They have political stability, low crime rate and more than 3 decades of sustained economic growth.
MAURITIUS FACTS
Capital |
Port Louis |
Population |
1, 3 million |
Currency |
Rupee |
Business language |
English |
Unemployment |
8 % |
GDP |
0, 5 % |
Inflation rate |
3, 8 % |
Corporate tax |
15 % |
Sales tax |
15 % |
For More info kindly email info @ reimag. co. za or email yes @ yesproperties. biz or call Yanesh + 230 5255 8500 or simply go to www. yesproperties. biz
40 DEC / JAN 2017 SA Real Estate Investor www. reimag. co. za