When people in France think of Mauritius, they usually think of tourism, sandy beaches and sugar cane, but not always of a leading property investment location.
However, the living environment, the stability of the country and its tax system make it a major centre for intelligent property investment. Ikeys presents the 3 reasons to make your next property investment in Mauritius.
Summary :
An exceptional living environment
Stability and prosperity of Mauritius
A very advantageous tax system
An exceptional living environment
In the beginning is the geography. Mauritius is a privileged island in this respect. This volcanic island off the coast of Africa, between Reunion Island and Rodrigues Island, covers an area of some 1865 km2 and is surrounded by a coral reef that protects its lagoons and beaches. The latter have been ranked in the world's top 10 by the GEO guide.
On the island's programme: coconut palms, breathtaking waterfalls, including the Charmarel waterfall, which is over 100 metres high, where you can swim, and forests untouched by human activity. In short, a luxuriant nature which is offered to the eyes under a favorable climate to enjoy it, since the temperatures never go below 16 degrees in winter, and the sun shines the great majority of the year.
Moreover, the Mauritian people, a multi-cultural mosaic of French and English speakers, are among the most welcoming in the world.
Stability and prosperity in Mauritius
Twenty-five years ago, sugar cane farming and tourism were the two mainstays of Mauritius' economy.
Since then, things have changed and the island has developed strongly in all sectors of the economy.
As the most competitive economy on the African continent, Mauritius is at the same time at the top of the podium of the Mo Ibrahim Index, which ranks the governance of African countries according to the provision of public, political and social goods and services to the population.
Another striking indicator is Mauritius' latest ranking in the World Bank's Doing Business indicator. Mauritius is ranked 20th, ahead of Germany (21st) and France (32nd).
Mauritius has become a real financial and real estate platform between Africa and India, and many European firms from all sectors have set up shop there for this reason.
A very advantageous tax system
Finally, as seasoned real estate investors already know, there are few countries with a more interesting tax system than Mauritius, especially in view of the fact that programs have made real estate investment very simple for foreigners, mainly for purchases above 500,000 euros, but also below that.
Let's summarise the situation in 7 points, each of which could be a sufficiently favorable argument to invest there:
15% income tax rate
No capital gains tax
No property tax
No double taxation with most countries
No property tax
No property wealth tax
No inheritance tax
It's hard to beat this, especially when you consider that it's relatively easy to get a residence permit in Mauritius.