Property Investment for foreigners: Why choose Mauritius?

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Have you long dreamed of escaping to a tropical island, where turquoise lagoon water is crystal clear, fine white sand is warm under your feet, sea breeze keeps you cool, food is simply amazing, and people are very welcoming? Don’t look any further! Mauritius is your perfect fit, especially for its prime location at the heart of the Indian Ocean.

Mauritius has become one of the best destinations for its beautiful scenery, tropical climate and its island lifestyle. Embarking on a new adventure abroad might be stressful but settling in Mauritius feels more like going on a continuous vacation on a little paradise. There is no need to worry about gearing up for winter as the climate remains mild and comfortable throughout the year. The atmosphere is very relaxed and there is no need to rush as everything is either of a walking distance or in close proximity.

There are no barriers to integration in Mauritius as the population of 1.3 million people is a blend of cultures and traditions, welcoming and respecting different beliefs and customs. The multiculturalism can be found in the local food which is a mix of spices and traditional cooking from different communities such as indian, chinese, african and creole. For the culinary expert, fusion restaurants are available with chefs of high quality french and british cooking techniques using the abundance of fresh local resources.

Expatriates are one of the major groups of foreigners targeted by the government. Other than the attractive property schemes available for foreigners to obtain residency, expatriates will find adequate resources for the well-being of their family. Their children can benefit from the numerous bilingual schools around the island and close to the luxury properties. Under the SAPES, expatriates also benefit from working into demanding fields offering a minimum salary of Rs30k in the ICT sector or a minimum of Rs60k in sectors including Agro-based industry, Freeport Operations and Fishing and marine resources.

Retiring to a tropical island may seem idealistic but moving to Mauritius requires a very simple process. The government has made the conditions and procedures unchallenging; you will only need to worry about booking your air ticket off peak seasons. To retire in Mauritius, it is only required to be over 50 years and refill a local bank account with 30 000 euros per year. The residence permit will be ready within 72 hours. The permit is valid for three years unless one keeps refilling the bank account. Then, the permit can be extended up to 10 years. Retired expats also benefits from tax advantages since there is a flat rate of 15% on chargeable income and an exemption of tax on wealth.

Luxury residences such as Le Domaine de Grand Baie and Les Résidences De Chantenay in Moka are prime residences available to retirees offering a range of high quality dwellings. In a friendly and organized environment, retirees also benefit from on-call medical specialists, laundry services, high-tech security and more.

Regions such as Tamarin on the West coast and Grand Baie on the North coast are the most popular among foreigners since they have the most beautiful beaches protected from the wind. Covering 150 km around the island, coral reefs creates a shield that protect the large lagoons from sharks and strong waves, making it an ideal spot for snorkeling and scuba diving. These regions radiate a cosmopolitan atmosphere, and all the shops and restaurants make them a first choice summery destination for foreigners as much as for the locals.

Not yet convinced? Discover the top reasons to invest in Mauritius.

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