Island living: the benefits to enjoy in Mauritius

The numbers have it, island life in Mauritius is drawing more and more foreign nationals in recent years. Figures from the UN-related International Organization for Migration (IOM) indicate so. IOM statistics show a 6.8% rise in Mauritius residence permits granted to foreigners in 2011-2013 alone.

Various government schemes henceforth further encouraged foreign ownership of real estate in Mauritius island, thereby allowing more immigrants to come in. Besides these incentives for foreigners to live in Mauritius, there are many inherent benefits of settling on an island environment. Let’s take a look at some of them.

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Laid-back, less stressful lifestyle

Its Indian Ocean border helps foster a laid-back, stress-free lifestyle in Mauritius. This island-nation, which has just a single city—the capital Port Louis, is conducive to leading a simple, unhurried life.

You can easily weave your leisure time with various choices of relaxing activities. Living at Les Residences de Mont Choisy, for instance, puts your doorstep not only minutes’ away from the beaches in the north of Mauritius. You’re also in close proximity with the links of Mont Choisy Le Golf and its clubhouse facilities. Various commercial hubs, like the La Croisette mall, are likewise nearby.

Broad opportunities in an island economy

The economies of island nations are typically more hospitable to foreign investors and professional talents. This is because these countries relatively have limited assets or resources.

For this reason, real estate has been opened to foreign investors, amongst other government efforts. The country, with its ageing population, is likewise encouraging foreign professional talents and entrepreneurs to help grow its economy. The economic sectors open to foreign investment and talents in Mauritius include ICT, financial services, life sciences, education, ocean economy, and agro-industry.

A competitive island tax regime

 Mauritius offers generous tax incentives to foreign investors as well as to expats working on the island. These fiscal incentives include:

• Fixed 15 % income tax, corporate tax and VAT
• Foreign-sourced dividend, interest and similar incomes are 80% tax exempt
• 3 per cent corporate tax for exporters and importers
• Interest and dividends from a Mauritian company are exempt from withholding tax
• No tax on capital gains, as well as no estate duty, wealth or inheritance tax
• Tax holidays (under certain conditions) on such licences as investment banking, global headquarters administration, global treasury activities, global legal advisory services

Purchase of real estate in Mauritius island can unlock related investment or work opportunities in the country. Contact a 2Futures consultant for more insights on getting the most out of the Mauritian island lifestyle.

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