Mauritius is one of the rare countries which can legitimately pride itself on being a safe haven for foreign retirees. In addition to its heavenly setting, the island has a very pleasant climate, a state-of-the-art health system, social, economic and political stability and state incentives.
Here are some guidelines for a sound investment in the heart of the tropics to enjoy a well-deserved retirement in complete peace of mind.
Retirement permit: Easy as pie!
Obtaining a retirement permit is a very smooth process. All you have to do is reach the age of 50 or more and have a minimum annual income of 40,000 USD received outside the country. This sum must be transferred to a Mauritian bank account. Valid for three years, this retirement permit offers the possibility of obtaining a right of permanent residence. This becomes almost automatic with the possible acquisition of a property under the IRS (Integrated Resort Scheme), RES (Real Estate Scheme), PDS (Property Development Scheme) or SCS (Smart City Scheme).
Tax domiciliation
Les unités immobilières IRS, RES, PDS ou SCS sont spécifiquement conçus pour les investisseurs voulant s’installer à Maurice pour les affaires, le travail ou tout simplement pour une retraite qui se la coule douce. Toute acquisition à la hauteur de 500 000 USD d’une villa ou appartement sous un de ces plans d’immobilier est exonérée de la taxe foncière, des impôts sur la fortune, des dividendes, des plus-values et de la succession. L’heureux propriétaire bénéficiera du statut de résident permanent avec le droit d’y établir sa domiciliation fiscale.
Long story short, it is not a coincidence that Mauritius is a very popular destination for European retirees looking for a second youth!
