The specialist in Mauritius


Warm climate, welcoming people

Situated in the south-west of the Indian Ocean, Mauritius offers an excellent year round climate. Likened to paradise, this truly enchanting island blends the best of French and English colonial influences with exotic Creole and Indian culture, beauty and harmony.
Ranked among the world's leading travel destinations, Mauritius is very accessible to visitors. It offers spectacular beaches, inviting crystal waters, magnificent views and landscapes, vibrant multi-coloured flora, gentle and welcoming people and a wide range of activities and amenities for all ages and interests. With personal safety and security increasingly relevant in today's world, visitors can truly unwind in the extraordinary sense of peace and harmonious living that permeates the tropical breeze.

Now foreigners can enjoy its exquisite charms combined with the valuable benefits of permanent residency, low taxation and freehold home ownership. There is so much on offer, to suit all ages and interests.


Political Stability

Mauritius is well-known for its political and social stability and has a vibrant financial sector, in addition to an infrastructure and a modern free port. Liberalized telecommunications sector has significant investments. The Mauritian government encourages foreign investment. He created an environment conducive to investment offering a range of incentives and facilities to attract foreign direct investment and institutional investors.


A booming economy

Mauritius continues to develop as a world-class offshore financial and investment hub for both private and commercial segments of the international market. The island has near-perfect climate, friendly people and high levels of personal security. Economically, Mauritius is one of very few countries that exhibit consistently strong GDP growth, which has continued even throughout the recent economic downturn. The IRS property market is still in a youthful phase yet this has already seen exceptional appreciation, with the future outlook predicted to be highly buoyant. In recent years the island has consolidated its position as the leading business and financial services hub in the Indian Ocean and has received numerous prestigious global accolades in leading surveys, including:

  • 1st in Africa in the World Bank Doing Business 2009 rankings.
  • 1st in Africa in World Economic Forum’s Global Enabling Trade Report 2009.
  • 1st among African cities in Mercer’s Quality of Living (Port Louis).
  • 1st in the African region in The Economist Intelligence Unit’s Index of Democracy 2008.
  • 4th in Africa’s most competitive travel and tourist destination, according to the World Economic Forum’s Travel and Tourism Competitiveness rankings.
  • Mauritius won the Award for Most Improved Investment Climate in 2009 and also received the Climate Protection Award from the US Environmental Protection Agency.

Geography and Demography


Location

2,400 km off the south-eastern coast of Africa

Capital

Port Louis

Population

1.2 million, consisting of people of Indian, Chinese, European and African origin

Workforce

541,000

Main Language

English (official language) and French

Climate

Sub-tropical, with temperatures ranging from 21°C to 34°C

Area

1,865 square kilometres

Agricultural land

86,500 ha (46% of area)

Forests & grazing lands

57,000 ha (30% of area)

Time Zone

GMT +4 hours


Who can invest in Mauritius?

Foreign nationals or non-Mauritian citizens are allowed to work and/or live in Mauritius under three distinct and simply laid down schemes:
A: As a retired non-citizen, irrespective of age and nationality
B: As a professional
C: As an investor


A 'Work & Live in Mauritius' department has been set up within the Board of Investment "BOI" as a single-facing service counter to expedite formalities for individuals and investors setting up in Mauritius. Foreign nationals, investors and non-investors alike, may also buy freehold property in Mauritius under the provisions of two specially studied schemes, they are:

Integrated Resort Scheme (IRS)

Under the Integrated Resort Scheme (IRS), luxury villas and other residential properties can be sold freehold at a minimum price of U$D 500,000 to foreigners who, de facto, receive a residence permit. The few IRS villas put on the market so far have proven very popular.
The IRS targets the high-end segment of the international property market, i.e - high net-worth individuals with high purchasing power. The investor may sell the property with no minimum selling price restriction; rent the property, elect tax residency in Mauritius and is free to repatriate funds or revenue reaised from the sale or renting of the IRS property.

Real Estate Scheme (RES)

Under the Real Estate Scheme (RES), residential units are sold to non-citizens at no minimum price. However, acquisition of property worth at least U$D 500,000 entitles the purchaser a residence permit. This scheme is targeted mainly for those investors, retirees and professionals, who want to invest, work and live in Mauritius or for those individuals who want to have a second home or holiday retreat in Mauritius.
**Source: Mauritius Board of Investment**


The advantages of investing in Mauritius

- Social and political stability
- A strong and diversified economy
- An educated and bilingual workforce
- A pool of skilled and qualified professionals
- A business friendly environment
- Preferential access to international market
- A modern and reliable infrastructure
- A comprehensive and forward looking legal framework
- A growing international business and financial hub
- A safe and enjoyable place to work and live


A competitive business environment

Mauritius offers a low tax jurisdiction and an investor-friendly environment to encourage local and foreign companies to set up a business.
- Harmonised corporate and income tax of 15%
- ax free dividend
- No capital gains tax
- 100% foreign ownership
- Exemption from customs duty on equipment
- Free repatriation of profits, dividends and capital
- No minimum foreign capital required
- 50% annual allowance on declining balance for the purchase of electronic and computer equipment


For more information, contact us filling out the form below or call 04 67 01 69 19 .


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