Live and Invest in Mauritius
WHAT ARE THE INVESTMENT OPTIONS?
OUR MAURITIAN SISTER COMPANY – BRENT WEALTH (A LICENSED INVESTMENT ADVISOR COMPANY) CAN ASSIST WITH THE FOLLOWING:
- Bank Account
- Property Purchase
- Global Portfolio Management
- Setting up a business or relocating an existing business to Mauritius
Why is Mauritius called a Tax Haven?
Mauritius has one of the lowest tax platforms in the world. Both corporate and individual income taxes are at 15%. Offshore businesses located in Mauritius that do not do business with Mauritians nor use Mauritian currency are exempt from Mauritian taxes. Low taxes encourages business formation and appeals to retirees. Notably, there is no inheritance tax or capital gains tax in Mauritius.
How to become a resident of Mauritius?
INVEST IN REAL ESTATE – In order to obtain a Residence Permit, a foreign investor can purchase a property worth at least $375,000.
WORK – A foreigner can also obtain an Occupation Permit, a document that combines work and residence permits.
RETIRE in Mauritius
Non-citizens of Mauritius can purchase property in the following approved zones, a PDS (property development Scheme), smart city or an apartment with a ground floor plus two levels, known as “ground plus two” (apartment block). Certain commercial property is also available to foreigners.
Q & A
Can I own Property in Mauritius ? – Yes you can.
We are asked the above question on a daily basis, here are some more questions we receive which may assist our clients in deciding to make the move,
Can I finance my property purchase?
Most financial institutions in Mauritius offer mortgage bonds between 60% and 70% on the value of the property with the balance being funded by the investor and charge around 4.5% interest per annum.
Can I purchase off plan property?
You can, known as the “pay as you build” option, this allows for funds to be paid as your property is being built, you can also obtain residency on a 375 000USD or more purchase before your property is even finished at around 25% payment and signature of the title deed transfer.
Does Mauritius offer any protection in terms of off plan developments?
Due to good government regulations in place your investments are well protected and all funds go to the appointed notary’s trust account and are only dispersed once all documentation is in order.
Can I buy beach front property?
You can, under certain conditions, but must be available to foreign investors and would need to be ground plus two if beach front property.
Who can I speak to about purchasing a property?
We deal directly with the developers on the island and have a various projects at different stages of development which we can introduce you to from turn key fully furnishes built units to brand new properties still being built.
Do you assist in moving funds offshore in and opening of bank accounts in Mauritius?
Yes we do, at very competitive rates and have a forex team in both South African and Mauritius to assist in this regard.
EXPLORE THE VALUE OF MAURITIUS AS A BUSINESS & INVESTMENT DESTINATION
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.
► 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.
► 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.
► Mauritius is ranked as the happiest country in Africa, at number 57 of the 156 countries that were evaluated.
Read more: World Happiness Report
Services offered in Mauritius
- ► Residency and work permits.
► Company and trust structures and setup.
► Appointment of trustees and directors and registered offices.
► Administration of companies, payroll and statutory returns
► Commercial and residential Investment property
► Foreign exchange transfers and SARS tax clearance
► Opening of Mauritius bank accounts without having to be present in Mauritius, with a choice of currency
Why Mauritius is among the favourite destinations for European expats
Thanks to its favorable legal, administrative and incentive environment, as well as its attractive initiatives for foreign investors, Mauritius is currently one of the favorite destinations for Europeans looking to settle overseas.
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BRENTHURST SATELLITE OFFICES
- KWAZULU -NATAL: Arin Ruttenberg | +27 84 582 8581
- FREE STATE: Iniel Van Zyl | +27 72 298 3212
- MPUMALANGA: Marise Smit | +27 72 795 3604
- NORTH WEST: Maria Smit | +27 79 696 6860
Brenthurst Wealth Management (Pty) Ltd is an authorised FSP in terms of the FAIS Act, 2002 (FSP No 7833) © 2022 Brenthurst Wealth Management. All rights reserved.