Invest in Mauritius if you’re looking for an offshore base to grow your wealth. The Indian Ocean island spans 1,865 kilometres, providing ample fertile ground for building fortunes.

This island nation is home to approximately 1.3 million people. It celebrated its 50th year of independence in 2018. That year, Mauritius posted a per capita income of USD11,280. That’s a big leap from less than USD400 when the country declared independence from British rule in 1968.

Homeownership is one factor that contributes to a country’s wealth. In 2011, it was estimated that nearly 89 percent of islanders owned their houses. And that was up from 76 percent in 1990. Significantly, close to 78 percent of the country’s houses are nonmortgaged Mauritius real estate.

Fastest-growing wealth market in Africa

In terms of total wealth per capita, Mauritius stands out as the leader amongst African countries. From 2008 to 2018, the country’s wealth growth in US-dollar terms was 124 percent. According to New World Wealth, Mauritius was the fastest-growing wealth market in Africa, second only to China during this period.

The global market research group says that Mauritius is home to around 4,400 HNWIs, compared to 1,800 HNWIs in 2008. The island is expected to exceed 100 percent growth to 2028.

Robust fundamentals are driving this momentum. This will support a decision to look to Mauritius to build your own wealth. You can rely on the country’s enlightened and stable government, which has steered the Mauritian economy to grow between 3 percent and 5.9 percent since 2006.

Growth your wealth – invest in Mauritius

The government is harnessing several platforms to stimulate economic growth in Mauritius. One of these is the country’s financial sector, which has benefited immensely from initiatives to help develop private banking, fund management, and offshore banking services.

Foreigners who buy property in Mauritius will find their ownership rights secure. Conducting business in the country is a smooth ride and Mauritius provides a tax-friendly regime.

Moreover, foreigners can gain permanent residency once they invest in Mauritius through several government-approved real estate schemes. Business or work permits, which are often key to building wealth in Mauritius, can be facilitated through these programmes.

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