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Top 5 reasons to invest in Mauritius.

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Top 5 reasons to invest in Mauritius.

Posted by: Órama Corporate Services
Category: News

“An attractive and thriving place for business with an incomparable art de vivre, Mauritius is the perfect home to the citizen of the world. The island is often referred internationally as the “Star and Key of the Indian Ocean”“Star” for its strategic location on the network of air and sea routes between Asia, Europe and Africa and “Key” as an international financial hub of excellence that ‘unlocks’ business opportunities and access to the African continent”…EDB.

 Over the years Mauritius has managed to become the ultimate investment opportunity in Africa. This paradise nation ticks all the boxes that international investors require.

  1. Safest country in Africa

According to the Global Peace Index, Mauritius is the safest country in Africa, ranked number 1 in the whole continent and number 28 in the world and has a GPI score of 1.570.

The beautiful island nation has a low crime rate and violent crime on the island is extremely rare. They have a friendly police force with an active response system and street cameras with top notch surveillance in almost every part of the country.

This means investors can enjoy a safety environment with their family while focusing on their investment journey.

2. A thriving economy

Mauritius is one of the top-performing economies in Africa today, and every entrepreneur’s dream is to operate within an environment with developed infrastructure, skilled labour, and more favourable regulatory environments, including tax policies, labour laws, and business regulations.

Mauritius has more than just a stable political and economic environment, favourable tax regime, strategic location, and well-educated workforce. Mauritius has a diverse and thriving economy with a 7.8% GDP Annual Growth Rate (2022). It is an attractive destination for businesses looking to expand their operations across Africa and other parts of the world.

Against all odds, Mauritius embarked on a remarkable economic transformation to become one of Africa’s biggest success stories today. Named Sub-Saharan Africa’s most competitive economy in the World Economic Forum Global Competitiveness Report 2018 and ranked 13th in the World Bank’s latest Ease of Doing Business Survey, the only Sub-Saharan African economy to have done so — for having introduced business reforms methodically over time. The rate of literacy is about 93%, while the local labour force is bilingual, with English and French being the main languages used together with the native Creole.

Mauritius stands out when it comes to dealing with construction permits, constant supply of electricity, registering property, protecting minority investors, favourable taxes, trading across borders and enforcing contracts.

3. Internationally recognised banks, top notch banking facilities and Infrastructure

Finance, investment capital, and other financial services are available in the country through a well-developed financial and banking sector. Mauritius’ banking sector has received several international awards and accolades in recent years, which comes as no surprise. It is important to note that there are no foreign exchange control policies in the country.

Mauritius also boasts of a sophisticated, transparent and well-regulated international financial centre with a conducive ecosystem offering a complete range of financial products such as treasury management centres, global funds, protected cell companies, captives, family offices and trusts. To incentivize new activities, the Government has introduced tax holidays for setting up regional headquarters, investment banking, and fund management, amongst others.

4. Quality of Life

Mauritius topped the Mercer’s Quality of Life Index as the African country with the best quality of life in 2019. 39 factors ranging from socio-cultural environment, to quality of schools and accomodation were taken into consideration in the index. According to World Happiness Report 2022, Mauritius is still the highest-ranking African Nation with excellent education system, with many quality schools and universities. Mauritius also has an excellent health service, with many good hospitals and clinics, the country has an excellent preventive medical service, with many vaccination and screening programmes with a very affordable medical cost.

5. Permanent resident permit through property acquisition

Mauritius is a haven for many international property owners. The country recently modified its property investment legislation making it even easier to acquire a residential or commercial property in the country. There are no Capital Gains Tax (CGT), dividends or inheritance tax. Only a flat personal and corporate tax rate of 15% is applicable.

There are various options for obtaining a residence permit. The most common route is to acquire a property of a certain value. Other options include obtaining a work permit, investing in a Mauritian company, or setting up a Mauritian company. To obtain a permanent residence permit through property acquisition, you must invest in a property located in an area designated by the Mauritian government.

To learn more about Mauritius, contact Órama Corporate Services for more information.