Known for its stunning blue waters, white sandy beaches, mesmerizing landscapes, Mauritius is not only a romantic getaway where you could spend a relaxing vacation. Over the years, it has built itself a strong footing as a secure and reliable investment hub.
The country boasts a dynamic and prosperous economy. The Mauritian government has been religiously implementing the policy for opening the property market to foreigners, expatriates; in short, non-Mauritians.
This way, anyone can invest in a property on the island. Listed down are the top benefits why you should invest in Mauritius:
Suitable Economic conditions
Mauritius is a free market economy. There is no limit on the transferring of capital, dividends, or profits out of the country. Mauritius has signed 37 double-taxation avoidance agreements that facilitate the movement of capital and transfer of assets, etc.
And one of the key advantages of Mauritius company setup is investor protection. The country assures the safety and protection of foreign investors and has signed numerous multi agreements and treaties such as:
- The International Court of Justice of the Hague
- The Multilateral Investment Guarantee Agency
- The International Centre for the Regulation of investment disputes
- The 1958 New York Convention
All of these treaties and conventions guarantee the protection of investors. The country ranks second-place amidst the middle-income African countries due to its sustained and efficient economic management that is based on the principle of free trade which is accepted by everyone. According to the 2012 Index of Economic freedom, Mauritius ranked 8th in economic freedom in the world followed by the United States, U.K, Japan, Germany, and France.
Tourist Advantages
The rental demand is high because of the country’s reputation as a hot tourist spot. Particularly in the peak season. If you buy an apartment or a villa for investment, you would easily find people who are willing to rent it especially, if you are smart to pick the right geographical location.
For example, sites with natural and scenic views would appeal to hikers, families, and even scuba divers. The country attracts all kinds of people here and the flood of tourists is a sight to see.
Suitable Geographical Location & Time-Zone
Another key factor that makes this place ideal for investing is its location. The island is nestled in the east of Madagascar in the Indian Ocean. Due to its strategic geographical location, the country is connected to the continent of Africa, Asia, and the rest of the world as a trade, tourism, and investment hub.
The country has a convenient time zone (GMT +4) and this way, it benefits immensely in terms of trade and business. Due to this, Mauritius is a commercial and financial center that is open for trade and business before the Fat East’s markets close and after the markets open in the United States, on the same day.
Skilled and Qualified Workforce
The perks do not end here. The literacy rate in the country is over 80%. The country’s history plays a key role in this and owing to that, a large chunk of most of the Mauritians are bilingual in two languages – English and French. You would find most of the population educated.
The young Mauritius people particularly are educated and qualified professionals.
They are hardworking and own impressive skills. And even then they are always seeking ways to learn more and grab training opportunities.
A large number of Mauritian students go to foreign universities to pursue higher studies after getting local qualifications from the University of Mauritius or the University of Technology.
Advantages of the Tax System
This is the key advantage and the biggest perk for investors. The country offers an investor-friendly environment paired with low tax jurisdiction so that local and foreign companies can move ahead with company registration in Mauritius and settle their business here.
If you decide to invest in property here, you can enjoy numerous tax advantages. The tax rates are quite low – 15% for taxes on the rental income.
Also, you don’t have to pay taxes on capital gains and dividends either. This could be of great benefit if you want to resell your property. There is no inheritance tax either.
There is a total exemption of property tax as well. Due to this, every year, more and more people flock towards the Mauritian investment possibilities.