Mauritius Property Market Becons
As some of you might be aware we have opened an office in Mauritius, the fastest growing economy in Africa. This has been done to service our growing global client base in setting up structures, companies, trusts and also sourcing suitable residential and commercial property in order to obtain residency. We trust you will find this review of the recent presentations of value as you considering offshore investment opportunities and diversification.
Why Mauritius?
► Ranked number one in Africa in leading global indices, Mauritius is widely recognised as one of the best-administered economies on the continent and an ideal environment in which to live, conduct business and invest. This is partly due to low levels of taxation, such as a corporate tax rate of 15%, no inheritance tax and no capital gains tax. Double taxation agreements have been concluded with 44 countries including the UK, France, SA, India and China.
► Mauritius is ranked as the happiest country in Africa, at number 57 of the 156 countries that were evaluated. Read more: World Happiness Report
► It scores well on metrics for ease of doing business and for the investment opportunities as well as good returns on property investments. Read more: Why Mauritius is the perfect Plan B
► Mauritius, Ghana, Rwanda, Kenya, Ethiopia and Uganda are expected to have the strongest performing wealth markets in Africa over the next ten years. Africa’s wealthiest cities
What are the investment options?
► BANK ACCOUNT
► PROPERTY PURCHASE
► GLOBAL PORTFOLIO MANAGEMENT
► SETTING UP A BUSINESS OR RELOCATING AN EXISTING BUSINESS TO MAURITIUS
Interested in Residency?
THE PERMANENT RESIDENCE PERMIT ALLOWS A NON-CITIZEN TO WORK AND LIVE IN MAURITIUS FOR A PERIOD OF TEN YEARS.
THE FOLLOWING CATEGORIES ARE ELIGIBLE FOR THE PERMANENT RESIDENCE PERMIT.
► An investor who holds a valid Occupation Permit and the aggregate turnover of his company has exceeded
45 million rupees for any consecutive period of 3 years.
► An investor who invests at least USD 500,000 in a qualifying business activity as per list below:
Agro-based industry, Audio-visual, Cinema and Communication, Banking, Construction, Education, Environment-friendly and green energy products, Financial Services, Fisheries and Marine Resources, Freeport, Information Technology, Infrastructure, Insurance, Leisure, Manufacturing, Marina development, Tourism and Warehousing, Initial Public Offerings.
► A self-employed who holds an Occupation Permit and where the annual income exceeded MUR 3 million
for three consecutive years.
► A professional having a valid Occupation or a Work Permit and whose monthly basic salary exceeded MUR 150,000 for three consecutive years immediately preceding the application.
► A retired non-citizen who has held a Residence Permit for three years and has transferred USD 40,000 annually to his account in a local bank during each of these three years.
What to do next?
BRENT WEALTH A LICENSED INVESTMENT ADVISOR COMPANY CAN ASSIST WITH THE FOLLOWING:
► FOREX
► BANK ACCOUNTS
► PROPERTY PURCHASES
MAURITIUS IS NOW THE FASTEST GROWING ECONOMY IN AFRICA AND IS RAPIDLY BECOMING A VERY EXCITING INVESTMENT OPPORTUNITY FOR SA INVESTORS LOOKING FOR DIVERSIFICATION AND NEW INVESTMENT OPPORTUNITIES.
According to AfrAsia Bank CEO Sanjiv Bhasin: “Mauritius has all the right elements to be a world-class investment destination”
THE BRENTHURST WEALTH TEAM HAS RESEARCHED AND REVIEWED SEVERAL PROPERTY DEVELOPMENTS CURRENTLY UNDER WAY AND RECOMMEND THE THREE LISTED BELOW.
► MON TRÉSOR SMART CITY is an exciting new development located close to the international airport. It is considered a “Smart City”, one of only five in Mauritius, which is approved by the Economic Development Board. Mon Trésor comprises of Commercial and Residential Developments on 480 hectares. The residential section of Mon Trésor offers investors direct access to a magnificent beaches, which makes it an attractive investment with easy access to Mauritius’s largest lagoon.
► POINT D’ESNAY LE VILLAGE is situated within 45 min of Port Louis, the capital, and 10 minutes from the airport. It will be developed on 170 acres with 30 acres of green zone with natural lakes. It will be an inte-grated village that is connected to its natural surroundings while providing direct access to one of the best beaches on the island with its own beach club already built.
► AZURI OCEAN AND GOLF VILLAGE is located on the northeast coast of the island looking out over one of Mauritius’ most beautiful lagoons. Azuri stands out because of its inherent beauty, bespoke designs and is proud to launch Rive Droite: Exclusive Villas at the heart of the spectacular Golf Course that offers luxurious and comfortable homes surrounded by abundant greenery.
Ready to take the leap and prepare for the island life or investing there? Speak to our team.
GAVIN BUTCHART: Chief Operations Director Brent Wealth, licensed with the Financial Services Commission as a financial advisor. GavinB@brenthurstwealth.co.za
YOLANDE BUTCHART: Forex consultant ybutchart@brenthurstwealth.co.za
SUE HEYSTEK: Property advisor and head of marketing sue@brenthurstwealth.co.za
MAGNUS HEYSTEK: Investment strategist and property advisor magnus@heystek.co.za
DISCOVER WHAT MAKES MAURITIUS ONE OF THE MOST EXCITING PROPERTY INVESTMENT DESTINATIONS IN THE WORLD
BRENTHURST WEALTH TAKES GREAT PLEASURE IN OFFERING BMW CLIENTS A COMPLIMENTARY:
- 2 NIGHTS STAY AT AZURI OCEAN AND GOLF VILLAGE
- 2 NIGHTS AT HOLIDAY INN CLOSE MON TRÉSOR SMART CITY &
- 2 NIGHTS AT THE BEACH CLUB / PRESKIL ISLAND RESORT *
SHOULD YOU BE INTERESTED IN BUYING A PROPERTY IN MAURITIUS PLEASE CONTACT THE BRENTHURST TEAM TO ARRANGE A VIEWING MAURITIUS@BRENTHURSTWEALTH.CO.ZA
Please note that accommodation is subject to availability.
Flights, transfers, meals or any other personal expenses are not included.
This is an exclusive offer available to Brenthurst Wealth Clients only.
Brenthurst Team In Mauritius
PLEASE CONTACT US TO DISCUSS VARIOUS OPTIONS AVAILABLE FOR INVESTMENT AND HOW TO GAIN PERMANENT RESIDENCY FOR YOU AND YOUR FAMILY.
WE CURRENTLY ASSIST CLIENTS TO SET UP AND APPLY FOR THE FOLLOWING:
- Residency and work permits
- Commercial and residential Investment property
- Foreign exchange transfers and tax clearance
- Company and trust structures and setup
- Appointment of trustees and directors and registered offices
- Opening of Mauritius bank accounts without having to be present in Mauritius, with a choice of currency
MARIA initially joined Brenthurst Wealth in February 2019 as an Assistant Financial Adviser and now acting as a Junior Financial Advisor role at our Pretoria offices.
Iniel joined Brenthurst Wealth in 2020 after practicing law for six years, specialising in complex corporate and commercial related matters.
Sanet was appointed in April 2020, joining our Cape Town team as an Executive Administration Assistant to Renee Eagar. She has been in the financial services industry since 1990. Her previous experience includes positions at Sanlam, BJM and ABSA. She spent her last 12 years working at Alexander Forbes Private Client Wealth as a Senior Wealth Management Assistant. She has received numerous accolades over the years which include but not limited to, Alexander Forbes Client Service Excellence – Silver award in 2014,2015 and 2017. Sanet has also obtained her Certificate in Wealth Management (NQF 5) in 2012 and achieved “Best Student of the Year” from Moonstone.
