Archives par mot-clé : real estate in Mauritius

Working in Mauritius – Island overview

Working in Mauritius, that alone is already enticing. Imagine pursuing your career working in the pearl of the Indian Ocean with its dazzling beaches, bizarre mountain peaks, palm-fringed dream beaches and turquoise shimmering lagoons. 


Learn more about Mauritius


A bright blue sky, a palm tree and a romantically set the decor in Mauritius. As Mark Twain wrote about 100 years ago: “Mauritius was created first, then paradise.” The famous writer was not mistaken. Inexplicable mountain peaks, palm-fringed beaches, colourful coral reefs and turquoise shimmering lagoons, no mistake here, you are really in a parade environment. Mauritius is located in the southwestern Indian Ocean about 800 kilometres east of Madagascar and belongs alongside Reunion Island and Rodrigues to the Mascarenes archipelago. The island has an area of ​​1865 square kilometres and is densely populated with just over one million inhabitants. 


The climate in Mauritius is pleasant all year round, with the months of April to July and September to October being the most pleasant. During this time, the least rainfall and the temperatures are not too high.


In the small ecosphere of Mauritius, the descendants of Europeans, Africans, Indians and Chinese live together peacefully. Despite all this cultural diversity, Mauritians have one thing in common: their open-minded, cheerful and cordial way of meeting foreigners. Their traditional hospitality is no coincidence, but an expression of the mutual tolerance that prevails on the island. Without this tolerance, Mauritians would never have been able to build such a well-functioning, democratic and multi-ethnic society. One more reason to live and work here. Because exotic is only the environment here. In terms of infrastructural standards and security, Mauritius is no way inferior than most European countries.


The main language in Mauritius is the Creole. The basis of this (almost only spoken, rarely written) language is a grammatically very simplified French spelled out with words from the English, Arabic and Indian languages. French is the cultural language. Newspapers are published in French, almost all television programs are in this language. But English is understood almost everywhere. It is the official language, almost all contracts or official documents are in English. The currency used on the island the Mauritian Rupee. One euro is about 37.5 rupees.


Mauritian economy


Although we have seen fairly modest growth in recent years, the Mauritian economy is among the most dynamic in sub-Saharan African region. Growth should reach 3.9% of GDP in 2017, and more and more job positions are opening up each day.


Growth is driven by the service sector, especially real estate in Mauritius, financial and tourism services, which have been resilient and left pretty much unimpacted by the world economic crisis. The number of tourist arrivals increased by 5.2% to over 1.3 million in 2017 (Mauritius Statistics), with European tourists accounting for almost half of the total. Services account for nearly 75% of GDP, with the tourism sector (food, housing, recreation, etc.) and the financial sector being the most dynamic. The Mauritian economy is diversified and also depends on its offshore financial activity, its textile industry and its production of sugar cane. In the year 2000s, numerous online job portals have opened up to keep up with the market demand in quality labour services.


If you are planning a long stay, buy an apartment in Mauritius with Plaisance City and benefit from the numerous fiscal advantages the island has to offer.

Investing in Mauritius

A small country with only 1.2 million people, Mauritius, is today one of the leading African markets for foreign investors. The sharp increase in interest on the part of expats is largely due to the simplification of laws relating to the acquisition of real estate on the island. For example, a lower threshold was set for obtaining resident status – $ 500,000. The government reports a significant increase in the number of foreigners who buy local properties mainly along the coastline of Mauritius.


To some extent, Mauritius is already the leading African economy with the highest per capita GDP of $ 25,700. The World Economic Forum (WEF) also rates Mauritius as the most competitive market in Africa. The country ranks 25th in the world in the World Bank's ranking of ease of doing business and is one of the fastest growing economies in Africa.


Investing in Mauritius whether it is in real estate or business represents some considerable advantage. For businessmen, this island is sort of a fiscal paradise where smooth operation perfectly blends with tropical luxuriance. If you are looking for the right place to invest your private funds or your offshore company, it is time to expand your horizon and discover the solid offshore jurisdiction that is Mauritius


Here are the two main types of business structures for investing in Mauritius:


Global Business Category (GBC1)


It can be public or private. To be properly constituted, a GBC1 needs two directors who must be residents in the country to be able to accede to double taxation agreements. At least one local shareholder is required and the share capital to establish it is 1,000,000 USD. The data of administrator and shareholders do not appear in the public registry. Bearer shares are not allowed and the only type of shares that can be issued are registered. This type of company is subject to corporation tax.


Global Business Category (GBC2) 


It can only be private. To be properly constituted, a GBC2 needs a director who can be a natural or legal person who does not necessarily have to be a resident. At least one shareholder is required and there is not a minimum of social capital to constitute it. The data of administrator and shareholders do not appear in the public registry. Bearer shares are not allowed and the only type of shares that can be issued are registered. This type of company is exempt from taxes.


Good to know


Both for people with high net worth and for similar companies, the tax rates in Mauritius are incredibly favourable. For example, there are no taxes on capital gains or dividends. There are fixed tax rates on corporate benefits and income of individuals, both set at 15%. There is an effective rate of 3% on offshore companies, thanks to a total tax credit of 80% on these. There are also no restrictions on the repatriation of profits, dividends or capital.


Real estate


For future buyers of real estate in Mauritius, it’s good to get to know the island’s geography well. This will allow you to clearly understand what part of it is most suitable for the future home. Here, not only weather conditions play a role, but also infrastructure, in some parts of the island more suitable for a relaxed holiday, in others – for active life and business, as well as the proximity of real estate to the sea. Plaisance City is the perfect blend of the two: http://www.plaisancecity.mu/en