Invest in Mauritius (2024)

FAQs

Invest in Mauritius? ›

Investment Opportunities

Mauritius welcomes investment and embraces business. Globally recognised as a safe, stable and easy environment to conduct business, Mauritius is a great place to invest, work, live and retire, with future ready infrastructure, global connectivity and world class talent.

Investment Opportunities

Mauritius welcomes investment and embraces business. Globally recognised as a safe, stable and easy environment to conduct business, Mauritius is a great place to invest, work, live and retire, with future ready infrastructure, global connectivity and world class talent.

A foreign national or a Mauritian citizen can buy a house, villa or apartment in Mauritius and can invest safely while enjoying tax benefits through these five types of investment schemes which are the Property Development Scheme (PDS), the Integrated Resort Scheme (IRS), the Real Estate Scheme (RES), the G + 2 and the ...

Grand Bay, Flic en Flac, Tamarin, Pereybère and Calodyne, are some of the most popular areas in Mauritius when it comes to real estate investment.

Mauritius Citizenship by Investment Programme

It requires a minimum investment of $500,000 to obtain a Mauritius passport or $1 million to obtain citizenship. Details of how a passport will be issued without citizenship are still to be clarified.

But it's a much more significant global player in terms of helping multinationals underpay corporate income tax – it's ranked 15^th in our Corporate Tax Haven Index.

Within the construction industry, there are many trades that are in high demand. These include the masonry, plumbing and electrical fields. Mauritius has a shortage of skilled workers in the engineering industry, therefore employers are often obliged to recruit from foreign countries.

Best banks in Mauritius

AfrAsia Bank is the Best Bank in Mauritius 2022, judged by Global Finance Awards – Best Banks in Africa. Absa is a previous winner of this award.

Stock market return (%, year-on-year) in Mauritius was reported at 7.7461 % in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources.

In addition, funds are required to pay a registration fee of USD$107 and annual fee of USD$64 to the Registrar of Companies in Mauritius. Fund managers may not solicit investments from investors located in Mauritius unless the fund manager is licensed in Mauritius.

What is a high income in Mauritius? ›

' According to the figures released today by the World Bank, Mauritius' GNI per capita for 2019 is US$12,740, a 3.5 percent increase over the 2018 figure. The annually adjusted high-income threshold is now at US$ 12,535.

Low tax rates.

The country has reduced or eliminated taxes for retirees. The absence of tax payments on wealth and inheritance attracts foreign retirees to choose Mauritius.

Mauritius is Africa's wealthiest country per capita, followed by South Africa.

Foreign nationals are granted tourist visa for a cumulative period of stay not exceeding 180 days in a calendar year. Yes, you can apply for a Premium Visa during your stay in Mauritius.

Personal income tax rates

As of 1 July 2022, the rate of 10% is now applicable to annual net income not exceeding MUR 700,000. An individual deriving annual net income between MUR 700,000 and MUR 975,000 will now be taxed at 12.5%. Net income derived above MUR 975,000 will be taxed at 15%.

Always Vanuatu and the Caribbean states of Saint Kitts and Nevis, Dominica, Grenada, Antigua and Barbuda and Saint Lucia offer the most affordable citizenship and passport solutions. These countries have been competing for the best investment or donation solutions since 1986.

British Virgin Islands and Cayman Islands are the world's most popular corporate tax havens in the world for 2021 according to Corporate Tax Haven Index (by Tax Justice Network) which publishes a ranking of jurisdictions most complicit in helping multinational corporations underpay corporate income tax.

The Cayman Islands don't have a corporate tax and act as a haven for multinational corporations to shield some or all of their incomes from taxation. The Cayman Islands do not impose taxes on residents and are considered tax neutral.

The country that is completely free of tax is Monaco, which has no inheritance tax, capital gains tax, or wealth tax, as well as a 100 percent tax exemption for corporations that receive more than 75 percent of their revenue in Monaco.

1) Tourism Venture

The tourism sector is one of Mauritius traditional and most thriving industries in the country which provides many opportunities for both locals and foriegn investors.

Where do the rich live in Mauritius? ›

Mahebourg is a historically rich and diverse town showcasing the best Mauritius offers. With a beautiful blend of Creole and colonial architecture, this town has plenty of activities to do, making it one place you'll never lose interest in.

Mauritius Economy

Is Mauritius a wealthy country? Since independence in 1968, Mauritius has undergone a remarkable economic transformation from a low-income, agriculturally based economy to a diversified, upper middle-income economy with growing industrial, financial, and tourist sectors.

Currency in Mauritius

Mauritian currency is available as coins of 5, 20 and 50 cents. Currency notes are available in denominations of 25, 50, 100, 200, 500, 1000 and 2000.US Dollar is widely accepted in Mauritius, so you can carry those as well for emergencies.

Non-residents are allowed open a bank account in Mauritius, usually a savings account, which allows for regular transactions, transfers, and withdrawals.

Open a Trading Account with the Broker: The only requirement is to be of legal age and have a residence in Mauritius. The broker will provide you with access to their investment platforms, allowing you to send purchase and sale orders to the Stock Exchange's central system. These accounts are called CDS Accounts.

According to conventional wisdom, an annual ROI of approximately 7% or greater is considered a good ROI for an investment in stocks. This is also about the average annual return of the S&P 500, accounting for inflation. Because this is an average, some years your return may be higher; some years they may be lower.

Return on investment (ROI) is calculated by dividing the profit earned on an investment by the cost of that investment. For instance, an investment with a profit of $100 and a cost of $100 would have an ROI of 1, or 100% when expressed as a percentage.

According to many financial investors, 7% is an excellent return rate for most, while 5% is enough to be considered a 'good' return.

Mauritius Gross Savings Rate was measured at 13.4% in Sep 2022, compared with 13.4% in the previous quarter. Mauritius Gross Savings Rate is updated quarterly, with data available from Mar 1999 to Sep 2022, and an average rate of 13.4%.

A Mauritius Investment Fund can be structured as a company, a protected cell company, a trust, a limited partnership, foundation or any other legal entity prescribed or approved by the Mauritius Financial Services Commission (FSC).

How much does it cost to open a bank account in Mauritius? ›

In general, a minimum deposit of Rs 1,000 to Rs 5,000 is required. Ask for confirmation from the bank you have chosen, as the amount may vary from one bank to another. Good to know: According to the 2022-2023 budget, the Bank of Mauritius will ensure that a bank account can be opened within one week.

Still, established economies such as South Africa and Egypt are home to the most millionaires on the continent: In the past decade, the number of millionaires in Mauritius (population 1.3 million) has more than tripled, compared with an average growth of 19% across the continent.

The economy of Mauritius is a mixed developing economy based on agriculture, exports, financial services, and tourism. Since the 1980s, the government of Mauritius has sought to diversify the country's economy beyond its dependence on just agriculture, particularly sugar production.

Average Wages in Mauritius increased to 33773 MUR/Month (754.96 USD/Month) in 2021. The maximum rate of average wage for employees was 31856 MUR/Month and minimum was 12600 MUR/Month.

RETIRED NON-CITIZEN +50 YEARS

Retiring in Mauritius may be your best choice if you are aged 50 or above. With just USD 1500 monthly, you can benefit from a 10-year Residence Permit and live in a peaceful environment.

And, any property over USD$375,000 comes with a residence permit that allows you to live in the country. This simple residency-by-investment program is very attractive for Expats and retirees looking to move to Mauritius. The permit is valid as long as you own the property.

The major GII weakness for Mauritius is the Innovation Efficiency Ratio, in which it ranks 105th. Knowledge & Technology Outputs (115th), the lowest-ranked GII area, highlighted itself as a weakness for Mauritius.

Crime levels are low, but petty crime occurs, including pick-pocketing and bag-snatching. Don't walk alone after dark. Use ATMs in banks, hotels and shops, not on the street. Some travellers have been robbed and assaulted in unregistered beachside bungalows.

Mauritius is mostly appreciated by tourists for its natural environment and man-made attractions, the multi-ethnic and cultural diversity of the population, the tropical climate, beaches and water sports.

Expats living in Mauritius can therefore enjoy a high quality of life, even if they find their wages lower than in other parts of the world. Mauritius is a popular destination for shopping, and expats can partake in Mauritius' leisure enterprises at a relatively low cost.

Is it a good idea to move to Mauritius? ›

Moving to Mauritius allow you to benefit from a wide network of treaties (DTA's and Investment Promotion and Protection Agreements) and business-friendly environment, Mauritius is the preferred platform between the western countries and Africa, but also between emerging Asian countries and Africa.

Mauritius offers high rental yields compared to other investment destinations, with rental yields of up to 6% for residential properties and 9% for commercial properties. Investing in residential properties in Mauritius can provide excellent rental income and capital appreciation.

What Is The 1% Rule In Real Estate? The 1% rule of real estate investing measures the price of the investment property against the gross income it will generate. For a potential investment to pass the 1% rule, its monthly rent must be equal to or no less than 1% of the purchase price.

Mauritius offers Residence Permit as Retired Non-Citizen, a program for foreigners who want to continue their retirement in the territory of Mauritius and make it their second home.

And, any property over USD$375,000 comes with a residence permit that allows you to live in the country. This simple residency-by-investment program is very attractive for Expats and retirees looking to move to Mauritius. The permit is valid as long as you own the property.

Investors probably need no explanation why and convincing that Florida tops the list of the best states for the long term rental investment strategy. Our nationwide rental market analysis shows that, on average, you can expect the highest rate of return in the Sunshine State.

In Mauritius there is no property tax, nor housing tax, nor CSG. The only real estate tax is due when you buy a property called "transfer tax or BOI tax", up to 5% of the purchase price.

The 2% rule in real estate is another simple way to calculate ROI for rental properties. According to this rule, if the monthly rent for a rental property is at least 2% of its purchase price, then odds are it should generate positive cash flow.