south africans are buying apartments in mauritius heres how much a residency by investment costs
South Africans are increasingly investing in apartments in Mauritius as a means of securing residency on the island nation. Mauritius offers a Residency by Investment program, which allows foreign nationals to obtain permanent residency by investing in the country’s economy. The program has proven to be a popular choice for South Africans looking to diversify their investment portfolios and secure a foothold in a stable and lucrative offshore destination.
How Does the Residency by Investment Program Work?
The Residency by Investment program in Mauritius requires a minimum investment of USD 375,000 (approximately ZAR 5.6 million). The investment can be made in various sectors of the economy, including real estate, financial services, healthcare, and education. However, the most popular option among South Africans is the purchase of property, particularly luxury apartments in the coastal regions of Mauritius.
Benefits of Investing in Mauritius
Investing in property in Mauritius offers several benefits. Firstly, the island nation has a stable political and economic climate, making it an attractive investment destination. The country has a low crime rate, a well-developed infrastructure, and a business-friendly environment, which makes it an ideal location for doing business.
Additionally, Mauritius has a favorable tax regime, with no capital gains tax, no inheritance tax, and a flat income tax rate of 15{6c117dc0ef721aebaacdd31280ceace167f5a9d6d149956cbe594dbbb7776e39}. Furthermore, investors can benefit from the country’s status as a gateway to Africa, providing access to a market of over one billion people.
Investing in property in Mauritius also provides investors with the opportunity to obtain permanent residency in the country. This allows them to live, work, and do business in Mauritius, as well as travel visa-free to several countries, including the Schengen Area, the United Kingdom, and the United States.
Why South Africans are Investing in Mauritius
South Africans are increasingly investing in property in Mauritius due to several factors. Firstly, the country’s stable political and economic climate, coupled with its favorable tax regime, makes it an attractive investment destination. Additionally, the country’s strategic location provides investors with access to the African market, which is expected to experience significant growth in the coming years.
Furthermore, the Residency by Investment program in Mauritius provides South Africans with the opportunity to obtain permanent residency in the country, which can be an attractive option for those looking to diversify their investment portfolios and secure a foothold in a stable offshore destination.
Investing in property in Mauritius also provides South Africans with a means of obtaining a second citizenship. This can be beneficial for those looking to expand their business interests or for those seeking to travel more freely around the world.
Conclusion
In conclusion, investing in property in Mauritius is an attractive option for South Africans looking to diversify their investment portfolios and secure a foothold in a stable offshore destination. With the country’s stable political and economic climate, favorable tax regime, and strategic location, it is no wonder that more and more South Africans are choosing to invest in property in Mauritius. The Residency by Investment program provides a means of obtaining permanent residency in the country, which can be an attractive option for those looking to do business or travel more freely. If you are a South African looking to invest in property in Mauritius, now is the time to explore your options and take advantage of this unique opportunity.
