Aerial view of le Morne Brabant Peninsula

Why Mauritius attracts High Net Worth Individuals

Mauritius sits proudly between Madagascar and the northeast of French Réunion. This destination is not only renowned for being a tourist spot, the now extinct Dodo bird, mysterious underwater waterfalls, Mauritian made rum, sugar and fruit jams, Mauritius is a coveted offshore property investment prospect.

Home to 4 000 High Net Worth Individuals (as of June 2020), Mauritius has seen a steady incline of investors come into the country over the last 10 years. The strong economy is a leading factor as to why Mauritius is attracting investors and has become the wealthiest country in Africa, according to the 2021 Africa Wealth Report by AfrAsia Bank and New World Wealth. 

Living in Mauritius provides more than just pleasant scenery and delicious homegrown foods, this destination enjoys low crime rates, quality internationally acclaimed education, smart and sustainable living, as well as the ease of doing business.

Being a centrally positioned, Mauritius is a corridor between Asian and African countries. Ranking 1st in Africa and 13th worldwide in the World Bank’s 2020 Doing Business Report, professionals and entrepreneurs have access to a dynamic business hub. With the fast-growing financial service sector, Mauritius is also popular for property investment. Property in Mauritius affords you a maximum 15% income and corporation tax with no capital gains tax and no inheritance tax with the inclusion of tax-free dividends.   

Through Mauritius there are various ways in which you can obtain an alternative visa. Through the Residence Permit (RP), you are able to purchase residential property, between $350 000 or more, under the property development scheme (PDS). While the Permanent Residence Scheme (PRS) allows you to invest more than $350 000 into the Permanent Resident Investment Fund (PRIF) for a period of 10 years. The sum deposited into the PRIF, or a portion of it, can be reinvested for a period of five years in a qualifying activity approved by the Board of Investment (BOI).

Entrenched in a culturally, diverse atmosphere, Mauritius welcomes those seeking a life that ticks all the boxes, from wealth growth to secure beachside living. Through 12 Star Capital you will be able to identify the route you would like to invest and make Mauritius your permanent residence.

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