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