Mauritius is primed up for global investors

Mauritius offers a wide range of offshore investment vehicles suited for varying investment strategies. These conduits include theinvestment funds that private companies created for global investors’ entry into the potent African market.

Mauritius, over the years, has successfully streamlined its legal and corporate framework to grow its investment fund sector.  Thanks to this system,  Mauritius has been funnelling an estimated USD600 billion investments annually into Africa alone.

Top-rated financial market

Significantly, the financial market of Mauritius has scored recent gains despite the Covid-19 pandemic. In the 2020 Absa Financial Markets Index report, the country emerged second amongst the top five in the African region.

Mauritius obtained this ranking based on its superb ratings on these parameters:

• transparency of the market
• tax and regulatory environment
• capacity for local investors to invest
• macroeconomic opportunities
• enforceability of financial contracts

Some changes the country recently initiated are also giving more growth options on investment funds, the Absa report noted. Early in 2020, the Stock Exchange of Mauritius began dealing on international securities depositories, such as Clearstream and Euroclear. These depositories enable foreign investors in Eurobonds, debt securities, and exchange-traded funds to directly transfer to other investors their holdings of these securities. Only South Africa notably offers this facility in the region.

Sweet spot: real estate investment schemes

Activity in the Mauritius financial market can likewise draw added steam from the recent tweaks on real estate investment schemes. Designed primarily for investors from overseas, these programmes have generated MUR14.03 billion in foreign investments in 2019.

It’s unlikely that there will be an increase in these investments for 2020 because of the Covid-19 pandemic. Nonetheless, the government hopes to sustain the interest of foreign investors with its revision of the schemes’ incentives.

An investment of USD375,000 or more in a residence built under the schemes now makes the buyer eligible for permanent residency in Mauritius. The new price threshold is a significant reduction from the previous USD500,000 cut-off level.

Real estate projects roll smoothly

As important, major real estate developments approved under the schemes are proceeding as scheduled despite the pandemic. It’s all systems go, for instance, in the construction of a pair of 2Futures projects. This No. 1 developer in Mauritius is also set to complete in early 2020 two developments: Le Domaine de Grand Baie and Les Residences de Mont Choisy.

Real estate purchases, like delving in Mauritius investment funds, thus now appear a good call. Contact 2Futures for a recommendation on the best property suited for your investment objectives.

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