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Mauritius is renowned for its idyllic landscapes, white sandy beaches and beautiful lagoons. But the Island is not only ideal for a sunny holiday. It also has serious assets that make it a popular destination for investors.
Mauritius is among the top three countries worldwide, besides Estonia and Canada, with the purest quality of air. A welfare state which provides free education and protection for the elderly, greater inclusiveness and negative income tax. In this vein, the country aims to continue to provide safety and improved quality of life to all its citizens through free healthcare and education.
Mauritius offers a quality lifestyle which combines comfort with luxury, modernity with cultural traditions and work with leisure. A wide range of modern facilities and amenities are available, comprising quality accommodation, educational facilities, healthcare and medical facilities, shopping centres, recreational and sporting facilities.
The island is offering a plethora of opportunities to global investors to share the vision of Mauritius in creating intelligent, innovative and sustainable cities of tomorrow.
With a diversified economy that is prosperous and dynamic, and over the last decade theMauritian government has been implementing a policy of opening up the property market to non-Mauritians, foreigners and expatriates.
In this way, one can invest in a property on the Island while benefiting from a really attractive tax system.Among the programs currently in effect is the PDS or Property Development Scheme, from which Mirari is being developed.
Mauritius being a tourist destination, the rental demand is elevated and ensure a Return onInvestment. Seasonal rentals, are easily rented especially in the right geographical location such as Grand Baie. With superb natural sites, such as Île aux Cerfs, parks and botanical gardens, it appeals to hikers, water sports and scuba diving enthusiasts and families. Thus, every year, it attracts a large number of tourists.
Similarly, this island state is characterised by its political context favourable to property investments: parliamentary democracy, stable country, respect for civil liberties, excellent international reputation, independence of the judicial system, regulated framework for the acquisition of housing, modern infrastructures. Important data that is reassuring for investors and helps to secure a purchase.
In addition, Mauritius is a pleasant place to live and invest, the property market has developed in recent years and offers great opportunities, particularly for foreign investors.
By choosing Mauritius for your property investment, you also benefit from an attractive tax system, tax rate is 15%. There is no double taxation with a plethora of different countries, no property or housing taxes. On the island, no taxes are paid on dividends and capital gains either.
In the event of resale of a property for example, this is a real advantage!Secondly, there is no inheritance tax.Finally, in the case of the acquisition of a PDS residence for a price of 500,000 USD or more, buyers benefit from a residence permit, also allocated to their dependents ( a partner and children under 24 years of age)