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Mauritius is the perfect retirement destination for those looking for a great quality of life. The island nation offers plenty of activities and amenities, and a supportive community of expats and non-citizen residents. Mauritius is a great choice for retirees who want to enjoy a beautiful setting, a lively culture, and a healthy lifestyle.

Why Mauritius Is One of the Best Countries in the World to Retire To
The Retirement Visa Linked to Property Acquisition in Mauritius
The Growing Community of Expats and Non-Citizen Residents in Mauritius
The Mixed Culture, Accessibility and Benefits of Living in Mauritius
How Investing in Offshore Property Can Help You Retire Sooner
FAQs in Relation to Retirement Destinations
Conclusion

Why Mauritius Is One of the Best Countries in the World to Retire To

If you’re looking for a retirement destination that offers beautiful weather, stunning scenery, friendly people, and excellent healthcare, Mauritius is the perfect place for you. This small island nation in the Indian Ocean has it all – and more. Mauritius is well-known as a top tourist destination, but it’s also an ideal place to retire. The climate is tropical year-round, with average temperatures ranging from 24 degrees Celsius in December to 29 degrees Celsius in April. And whether you want to spend your days relaxing on the beach or exploring the lush vegetation of the interior rainforests, there’s plenty to keep you busy here. The cost of living in Mauritius is relatively low compared to other countries around the world. In addition, there are many benefits available for retirees including discounts on travel expenses and utility bills. There are also several international schools on the island if you have grandchildren who would like to visit often. So if you’re looking for a retirement destination that has it all, Mauritius is the perfect place for you. Come and experience the island’s natural beauty, friendly people, and laid-back lifestyle – you won’t be disappointed.

Key Takeaway: Mauritius is a beautiful, tropical retirement destination with friendly people and excellent healthcare.

The Growing Community of Expats and Non-Citizen Residents in Mauritius

Mauritius has long been a popular destination for expats and retirees looking for a place to call home. The island’s stunning natural beauty, mixed culture, excellent infrastructure and low cost of living make it an attractive option for those looking to relocate. In recent years, the Mauritian government has made it even easier for foreigners to buy property on the island and obtain residency permits. As a result, the number of expatriates and non-citizen residents in Mauritius is growing rapidly. There are many reasons why people choose to retire in Mauritius. The climate is tropical all year round, which makes it perfect for those who love warm weather (and doesn’t hurt that there are plenty of beaches). The standard of living is high but costs are relatively low compared to other countries – especially when you consider that healthcare and education are both free here! And let’s not forget about the friendly locals; they always make visitors feel welcome no matter where they come from. If you’re thinking about retiring offshore, then Mauritius should definitely be at the top of your list! Not only will you enjoy all of the above benefits, but you’ll also benefit from tax breaks and favourable exchange rates if you invest in property here. So what are you waiting for? Come see why more and more people are choosing Mauritius as their retirement destination today!

Key Takeaway: Mauritius is a great retirement destination because of its climate, beaches, standard of living, and tax breaks.

The Mixed Culture, Accessibility and Benefits of Living in Mauritius

Mauritius is a melting pot of cultures, with people from Indian, Chinese, African and European backgrounds all living together in harmony. The island is also highly accessible, with direct flights from major cities around the world. The benefits of living in Mauritius are numerous – from its stunning beaches and year-round warm weather to its low cost of living and friendly locals. If you’re looking for an amazing retirement destination that offers something for everyone, then look no further than Mauritius!

Looking for an amazing retirement destination that has something for everyone? Look no further than Mauritius! This beautiful island has stunning beaches, year-round warm weather, friendly locals and a low cost of living. Click To Tweet

How Investing in Offshore Property Can Help You Retire Sooner

As we all know, retirement is something that we should all be planning for. But what if you want to retire sooner rather than later? Investing in offshore property is one way to make this happen. With the retirement visa linked to property acquisition in Mauritius, you can easily become a non-citizen resident and enjoy all the benefits that come with it. From the mixed culture and accessibility of living in Mauritius to the growing community of expats, there are plenty of reasons why this country is one of the best places in the world to retire. So if you’re thinking about investing in offshore property, don’t wait – do it now and start enjoying your retirement sooner than you thought possible. Here’s a step-by-step guide on how you can make this happen: Step 1: Do your research. The first step is to do your research and figure out which country you want to retire in. There are many factors to consider, such as the cost of living, climate, accessibility and so on. Once you’ve narrowed down your options, it’s time to move on to Step 2. Step 2: Choose the right property. Now that you know where you want to retire, it’s time to start looking for properties in that area. Again, there are several factors to consider – location, size, price and so forth. It’s important that you take your time with this step and find a property that meets all of your needs and requirements. Step 3: Get the paperwork in order. Now that you’ve found the perfect offshore property, it’s time to get the paperwork sorted. This includes applying for a retirement visa (if required) as well as any other documents needed for purchasing property in Mauritius. Once everything is in order, congratulations – you’re one step closer to retiring sooner than planned!

Key Takeaway: Investing in offshore property is a great way to retire sooner than planned. Just be sure to do your research and get the paperwork in order before making the purchase.

FAQs in Relation to Retirement Destinations

Where is the best place in the world to retire?

There are many factors to consider when deciding on the best place in the world to retire. Some people might want to be close to family, others might prioritize a warm climate, and still others might want an affordable cost of living. Regardless of your priorities, there are several great retirement destinations around the world that offer retirees a high quality of life. One top retirement destination is Mauritius, an island nation located in the Indian Ocean. The country has year-round warm weather and beautiful beaches. It also boasts a very low crime rate and is politically stable. And because it’s a small island, getting around is easy and convenient – no need for long drives or public transportation schedules! Best of all, Mauritius offers retirees tax breaks on their pension income as well as discounts on travel costs like airfare and hotel stays. Another excellent choice for retirees is Portugal – specifically its stunning Algarve region which stretches along Portugal’s southern coast. The Algarve enjoys more than 300 days of sunshine each year making it perfect for outdoor activities like golfing and hiking (two popular pastimes among retirees). Additionally, Portuguese law provides generous tax benefits for pensions meaning that you can keep more of your hard-earned money during retirement! And like Mauritius, Portugal is a small country so getting around is relatively easy and stress -free. So whether you’re looking for warm weather, tax breaks, or beautiful scenery, there’s sure to be a retirement destination that’s perfect for you.

Where is the happiest place to retire?

Where is the best place to retire? There is no definitive answer to this question as everyone’s retirement needs and preferences are different. However, some retirees may find happiness in moving to a location that offers warm weather year -round, easy access to beaches and other outdoor activities, and plenty of social opportunities. Other retirees might prefer a more rural setting where they can enjoy peace and quiet while still being close enough to city amenities. Ultimately, the best place to retire depends on what makes each individual happy.

Where is the safest and least expensive place to retire?

There is no definitive answer to this question as everyone’s retirement needs and preferences are different. However, some popular retirement destinations that offer a low cost of living and good safety include: Mauritius, Spain, Portugal, Malta, Cyprus and Greece All of these countries have beautiful weather and plenty of amenities for retirees.

Where can you retire on $2000 a month?

There are many great retirement destinations that can be enjoyed on a budget of just $2000 per month. One top choice is Mauritius, an island nation located in the Indian Ocean. This beautiful country offers retirees a laid-back lifestyle, year-round warmth and sunshine, stunning beaches, lush vegetation, and friendly locals. In addition, there is no inheritance tax or capital gains tax in Mauritius, making it an ideal place to retire for those looking to keep more of their hard-earned savings. Flights from major international airports such as London and Paris are readily available too, meaning getting here from almost anywhere in the world is relatively straightforward.

Conclusion

With its beautiful setting, lively culture and healthy lifestyle, Mauritius has something for everyone. So why not make this paradise island your next retirement destination? If you’re looking for a retirement destination that offers beautiful scenery, great weather, and a relaxed lifestyle, Mauritius is the perfect place for you. With its friendly mixed culture, excellent accessibility and benefits regime, Mauritius is becoming increasingly popular with retirees from all over the world. Our team of experts can help you find the perfect property on the island and obtain the necessary visa to make your retirement dreams come true. Contact us today to learn more about how we can make your move to Mauritius.

Considering an Investment Property in Mauritius as a South African? Read This First

By Noor Sheriff,November 19, 2022September 4, 2023

Should South Africans consider buying property in Mauritius? South Africans looking to invest their money can now do so in the form of property, with a number of different schemes available through the EDB (Economic Development Board) Mauritius. Read more about investing in Mauritius in this elaborated article from moka.mu. This offers an attractive and stable investment opportunity, with returns that are likely to far outstrip those available from traditional investments. Before making any decisions, it’s important to understand all the ins and outs of this process – read on for more information. Whether you are a seasoned investor or just starting out, this article is for you.

Is Mauritius still a wise property investment option?

Mauritius is an up-and-coming tourist destination, known for its luxury resorts, beautiful beaches and golf estates. But did you know that Mauritius is also a great place to invest in property? In this blog post, we will take a look at the different property investment schemes offered by the EDB (Economic Development Board) Mauritius. We will also discuss the benefits of investing in real estate in Mauritius, and answer some of the most commonly asked questions about property investment in this island country.

Options of international property acquisition available to South Africans

South Africans have a range of countries to choose from when investing in offshore property. These include popular destinations like Mauritius, Spain, Portugal, and Greece, as well as emerging markets like Mexico and Brazil. Each country has its own unique benefits and drawbacks. For example, Mauritius is known for its high appreciation of South African property buyers and South African community of expats and residents on the island, while Greece is a popular tourist destination with a rich history and cultural heritage. On the other hand, Mexico is a rapidly growing economy with a young population, and Brazil offers investors a chance to gain exposure to one of the world’s most dynamic economies. So how do you decide which country is right for you? Here are a few factors to consider:

Your budget: How much money are you willing to spend on an offshore property investment?
The type of property you want: Do you want a vacation home or an investment property?
The climate: Do you prefer warm weather or cooler temperatures?
The culture: What are your interests? Do you want to invest in a country with a similar culture to your own, or explore something different?
The economy: How stable is the country’s economy? Is it growing or in recession?

Why is Mauritius a preferred destination for South Africans?

This question actually has a really simple answer. Mauritius is a popular destination for South Africans because it is in similar time zones, and the people are similar in culture. Mauritius is a beautiful island country with a rich history and culture. The climate is tropical, and the economy is stable. The EDB (Economic Development Board) has handled thousands of successful investments and residency applications since the first scheme (IRS – Integrated Resort Scheme) was introduced in 2001.

In a nutshell, what are the main reasons to buy property as a South African

When it comes to investing in real estate, Mauritius is a great option for South Africans. The EDB (Economic Development Board) Mauritius offers a range of property investment schemes. Investors in Real Estate in Mauritius usually buy for one of the three main reasons:

Buy to live – Residency Permits and Occupation Permits can be applied for. The minimum investment in this scheme is as from USD $ 375,000/
Buy to let – Here investors have a wider choice since Ground + 2 floor residential units are also accessible for foreign acquisition. This acquisition is also in freehold ownership.
Shared ownership – This can be managed or unmanage. The managed schemes vary from promoter to promoter, or the investor can also buy into an IHS – owning property in a hotel.

Real Estate Schemes - Residency in Mauritius

IRS – Integrated Resort Scheme
RES – Real Estate Scheme
PDS – Property Development Scheme
SCS – Smart City Scheme (Latest)

Is it easy for South Africans to move their business headquarters to Mauritius?

The EDB offers investors a chance to gain exposure to the growing Mauritian economy. In addition, investors can enjoy tax benefits and access to world-class infrastructure. There are many benefits of moving your business head office to Mauritius, including:

The tax environment: Mauritius has a very favourable tax environment, with a corporate income tax rate of 15%. In addition, there are a number of tax exemptions available for businesses operating in Mauritius.
The infrastructure: Mauritius has world-class infrastructure, including excellent telecommunications and transportation networks.
The location: Mauritius is located in the heart of Africa, making it an excellent gateway to the African market.
The English-speaking workforce: Mauritius has a well-educated and English-speaking workforce, which makes it easy to do business in the country.
5. The lifestyle: Mauritius is a beautiful and relaxing destination, with a wide range of leisure activities available.

best beaches in the world - is mauritius in the list of top beaches

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Countries with the Best Beaches in the World: Mauritius is one of them!

By Noor Sheriff,October 23, 2022May 26, 2023

Countries with the Best Beaches in the World: Mauritius is one of them!

Should I visit Mauritius just for its beaches?

If you’re looking for a breathtaking beach to call home, look no further than Mauritius. This island nation is located in the Indian Ocean and is known for its stunning coastline and crystal clear waters. Whether you’re looking for a place to relax or an exciting spot to explore, or to live (yes Mauritius has Real Estate Investment schemes for non citizens that offer residence permits) Mauritius has something for everyone. So pack your bags and get ready to experience some of the world’s best beaches!

Countries with the best beaches

Beach #1 – Whitehaven Beach, Australia
Beach #2 – Anse Lazio, Seychelles
Beach #3 – Playa Paraiso, Mexico
Beach #4 – Baia do Sancho, Brazil
Beach #5 – Plage de sable blanc (Solana Beach), Mauritius

Why travel to beaches?

People are naturally drawn to the beach. It’s a place where you can relax and escape the stresses of everyday life. The sound and smell of the ocean, the warm sand between your toes, and the sun on your skin – there’s nothing quite like it! Beach destinations also offer a wide range of activities, from swimming and sunbathing to surfing and scuba diving. And with so many beautiful beaches to choose from, you can always find one that suits your mood. Finally, the weather is usually perfect for beach-going, with plenty of sunshine and moderate temperatures. So if you’ looking for a relaxing and enjoyable vacation, a beach getaway is definitely the way to go! Beautiful beaches work perfectly with beautiful weather, make sure to check the weather forecasts before you travel! Mauritius is sometimes referred to as the island with summer all year round.

What sets Mauritius apart from the rest?

Mauritius is one of the world’s best beaches, and it’s not hard to see why. With its warm crystal-clear waters, soft white sand, and lush vegetation, it’s no wonder that Mauritius is a favorite destination for beach lovers from all over the world. If you love spending your days by the seaside, then Mauritius should definitely be at the top of your list.

Most beautiful beaches in Mauritius

If you’re looking for some of the best beaches in Mauritius, then look no further! Here are five of our favourites:

Beach #1 – Trou aux Biches
Beach #2 – Flic en Flac
Beach #3 – Belle Mare
Beach #4 – Ile aux Cerfs
Beach #5 – Blue Bay

There are many reasons why people visit Mauritius, but the beach is undoubtedly one of the main attractions. With its soft white sand and crystal-clear waters, the beaches of Mauritius are referred to, by multiple sources, among the most beautiful in the world. Additionally, the beaches offer a wide range of activities, from swimming and sunbathing to surfing, boat activities, fishing and scuba diving. And with its warm weather and tropical atmosphere, Mauritius is the perfect place to enjoy a relaxing beach vacation.

Are there small islands (islets) around Mauritius?

Yes, there are a number of small islets around Mauritius, including Ile aux Cerfs, Ile aux Aigrettes, and Coin de Mire. These islets offer beautiful beaches and plenty of opportunities for swimming, snorkelling, hotel stays, golf, nature walks, fishing or simply chilling. Ile aux Cerfs is the most common one. If you are looking for transfers or packages, we have a recommendation for you: Tino Boats Our teams have tested and approved of the service and the boats of Edgar Lacour who is the owner after his father, Fernand.

Is it possible to invest in property on the coasts of Mauritius?

Yes, it is possible to invest in coastal property in Mauritius. Beachfront properties offer excellent returns on investment, and Mauritius is a popular tourist destination with some of the best beaches in the world. If you’re looking for an investment that offers stability and growth potential, investing in coastal property in Mauritius is a wise choice.

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Luxury Property in Mauritius: A growing market with excellent investment value

By Pamela Marie,February 13, 2022October 11, 2023

The Mauritian economy has undergone a major transformation since Independence in 1968. The country has gradually moved from sugarcane monoculture to other sectors like real estate, tourism and the export processing zone. The implementation of an economic diversification and democratisation policy has fostered inclusive growth, human capital development and upward social mobility.

With the phasing out of EU sugar quotas, the Government has embarked on an adjustment programme since the turn of the millennium to attract the foreign direct investment (FDI) required for sustained development and growth.

IRS, the first property scheme open to foreign buyers

The Integrated Resort Scheme (IRS) was introduced in 2002 to allow foreigners to acquire freehold property in Mauritius. Certain conditions apply for the purchase of residential property under the scheme, including a minimum investment of USD500,000 (excluding taxes) and a maximum plot area of 0.5341 hectare. The IRS is much more than just a property scheme; this integrated resort development concept has revolutionised the market. Off-plan acquisition on a VEFA (Vente en l’État Futur d’Achèvement) basis, backed by a performance bond (Garantie Financière d’Achèvement – GFA), provides an extra level of assurance for future owners both financially and in terms of quality of workmanship. [Update] In 2020, the minimum investment for a property under the following schemes: IRS (Integrated Resort Scheme), RES (Real Estate Scheme), IHS (Invest Hotel Scheme), Property Development Scheme (PDS) or Smart City Scheme (SCS) has been reviewed to 375,000 US dollars.

Why invest in the IRS Scheme in Mauritius?

The IRS programme offers various advantages to buyers, including eligibility for a residence permit and a favourable tax environment. Mauritius has tax treaties with 44 other countries and the country has a flat 15% income tax rate for both individuals and corporations. There is also no tax on capital gains, inheritance, dividends and capital. From a South African perspective, the SADC property allowance which came into effect in 2010 allows individuals to invest in excess of the annual limit of ZAR4 million per person on the outflow of funds from the country. Heritage Villas Valriche and La Balise Marina have become iconic points of reference among the 13 approved IRS developments. Heritage Villas Valriche is a unique residential estate tucked between a golf course and the sea in the heart of the pristine nature of the 2,500-hectare Heritage Bel Ombre estate in the South-West of Mauritius. Upon completion, the development will comprise 288 villas, out of which 166 have already been sold. La Balise Marina is located in Black River, on the west coast and is the only residential marina on the island. Owners enjoy access to the high-end facilities within the resort.

Heritage Villas Valriche, Mauritius | Ile Maurice

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The Real Estate Scheme (RES) was launched in 2007 to accommodate smaller-scale developments with a maximum area of 10 hectares. The Invest Hotel Scheme (IHS), which allows foreigners to own a hotel room or villa, was also implemented in 2010. The IRS and RES programmes gave way in 2015 to a single legal framework, the Property Development Scheme (PDS). This decision by the Mauritian Government aimed at harmonising the regulation of real estate laws within a single legal framework.

Smart, integrated, sustainable and modern cities

The country has continued its policy of upmarket positioning alongside the significant broadening of property options. The Smart City Scheme launched in 2016 follows the same approach with the development of new, integrated, sustainable and modern cities. Building on their strength, reputation and long-term vision, the country’s leading business players have embarked on ambitious developments aimed at positioning Mauritius as the economic gateway to Africa and the Indian Ocean. Various projects are already underway, including Moka Smart City. Spearheaded by the ENL Group, this development is ahead of the game as the planned, integrated and sustainable development of the region has been ongoing for a decade now. In line with the concept of a lively and modern urban space with all the necessary amenities – educational facilities, shopping centres, sports and leisure infrastructure, business hubs, etc. – Moka Smart City aspires to become the leading ‘smart’ region of Mauritius.

Here again, foreign investors enjoy certain tax and administrative benefits, including exemption from land conversion tax for non-residential developments, customs duties (except for furniture) and corporate income tax for the first 8 years. Foreigners who invest at least USD5 million in a Smart City development may also apply for Mauritian citizenship after holding a residence permit for a period of 2 years. The latest development is the enactment of the Non-Citizens Property Restriction (Amendment) Bill in late 2016. This new piece of legislation allows foreigners to buy apartments with a minimum value of Rs6 million in condominium developments consisting of at least two levels above the ground based on criteria established by the Economic Development Board.

Substantial FDI contribution

Sixteen years after the launch of the first property scheme available to foreigners, some 2,500 residential units have been sold. These developments have brought in more than Rs50 billion. In 2017 only, FDI inflows have increased by 4.4% to Rs14.2 billion against Rs13.6 billion in 2016. The property sector made the largest contribution with the injection of Rs5.7 billion worth of FDI in IRS, RES, IHS and PDS developments. This has enabled the country to expand its offering while being a major source of capital flows and tax revenue.

Property in Mauritius offers excellent value for FDI with various administrative and tax advantages. Luxury IRS developments such as Heritage Villas Valriche and La Balise Marina, as well as Moka Smart City, draw on the strength of a trusted developer. Buyers are also guaranteed to secure an attractive return on investment.

Register your interest for property investment in Mauritius

Click here to register your interest to be contacted by an agent from Mauritius Sotheby’s International Realty.

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Mauritius ranks first in Africa for its airport sanitary measures

By Laetitia Melidor,March 3, 2021July 7, 2023

Good news for Mauritius, the Airports Council International (ACI) revealed this year’s Airport Service Quality Awards, which highlights the world’s best airports. In the category of best hygiene measures by region, Mauritius is high up the stage, ranking first in Africa.

This new category was added to the ACI evaluation following the Covid-19 impact on global passenger traffic and amid the protocol changes in airports worldwide to guarantee passenger safety throughout the whole traveling experience.

Strict airport protocols

Based on a reliable method of gauging customer response to new health measures, Mauritius made the best score in Africa following the strict protocols applied at the airport, such as the temperature control tests, among others. It is also to be noted that the airport employees are already vaccinated, being on the first line to welcome foreigners, while Mauritius is Covid-safe since April 2020.

National vaccination campaign

After the frontliners, a national vaccination campaign was launched on the 1st of March, firstly targeting the elderly. Mauritius aims to rapidly reach herd immunity through the vaccination of around 11 000 Mauritians daily. As of the end of February 2020, 9 338 people were vaccinated.

In the world, according to data gathered by IATA, international passenger demand in 2020 was 75.6% below the 2019 level. However, the travel industry remains hopeful that traveling will be much safer with vaccination campaigns going strong globally.

Photo by: ATOL

Read also: Your guide to moving to Mauritius

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Moka Trail Track Open All Year Round

By Noor Sheriff,October 7, 2020January 9, 2023

The original article was first published by our collaborator platform moka.mu.

A fun day in Moka for the Family

This beautiful day was blessed with a gorgeous sunshine and nearly 2,100 participants gathered at La Laura-Malenga to take part in the 8^th edition of the Moka Trail on Saturday 3 October 2020. They set off early in the morning for the 5, 7, 14 or 28km races according to their sporting level. Some of them were in contention for a medal while others wanted to spend an unforgettable day and get the adrenaline pumping!

The Moka Trail Track is Open All Year Round!

The marked trails you discovered during the Moka Trail are now open all year round. The Smart City teams have put in some hard work to make them more easily accessible to the public free of charge 24/7.

This initiative was carried out in collaboration with three different District Councils and the Forestry Service. Several million rupees have been put into cleaning and marking a total of 6 trails: Les Deux Mamelles (7km), Le Petit Both (14km), La Classique du Pouce (3.8km), Le Dauguet (12km), Le Grand Pouce (20km) and Moka Range Challenge (29 km).

In addition, the Strava app contains different Segments that enable joggers and trail runners to track and compare their performance with their peers. Strava features the 6 marked trail paths as identified Segments. An annual ranking will be announced and the “champions” will be rewarded.

This is the ideal opportunity to embark on a unique exploration of the heart of the island and start trail running now to prepare for the next edition of the Moka Trail!

Winners of Moka Trail 2020

There were more than 2,000 participants, but only two winners for each race! This year, Jonathan Cotte and Simon Desvaux de Marigny finished first in a tie in the Moka Range Challenge (28km – 1,350m elevation) with a time of 02:55:33. Rosemary Le Gac grabbed the victory in the women’s race in 04:03:29. Freddy Roux and Luxmee Priyanka Pittea won the Petit Both (14km – 650m elevation) in 01:15:04 and 01:45:07 respectively.

MokaMwad and the volunteers

Apart from the trail runners, about a hundred Moka’mwad volunteers contributed to the success of the event, helping with the signing-off and refreshments, among others. In addition to the vendors catering for the participants and public on site, there was a photo booth to allow everyone to leave with beautiful keepsakes offered by Moka Smart City and a face painting workshop to keep the kids busy.

Residential Property Taxes – A Global Comparative Analysis

By Nabil Soormally,July 17, 2020July 10, 2023

In the present-day global economy, cross-border investment decisions cannot be complete without tax considerations. The form and rate of taxes have a direct impact on investment returns. Tax laws also change with time to reconcile with the national context – sensitive to the state of the economy and elements of socioeconomics, culture, and history.

With the global real estate investor in mind, we delve here into the subject of property taxes, which contribute to varying degrees to the national revenue collected by the government. In Mauritius, the contribution of taxes on property to total revenue collected by the government has been forecasted at 5.9% for the 2020/2021 financial year¹.

Our focus here is on residential property taxes. Venturing on a global tour to compare residential property tax rules, we visit some of our major trading partners; South Africa, France, Germany, and the United Kingdom.

We caution our readers, however, to interpret this article as a generalisation and not in the exhaustive sense. To borrow the words of Richard M. Bird and Enid Slack, both references in matters of property tax: “The devil in taxation is in the details, and the details are often devilishly hard to determine.” Tax structures can become very complex, very quickly, and tax liabilities are functions of a taxpayer’s specific situation. One further recommendation is to seek the advice of a tax expert before any meaningful decision is taken.

To simplify the focus of the discussion, we classify the different taxes related to property into 3 broad categories:

Real estate value tax (Value) – imposed annually (or periodically) on the value of property;
Rental income tax (Rental) – related to income earned from the property;
Transfer tax (Transfer) – an ad valorem tax on the value of a transaction in property.

Mauritius

There is no real estate value tax applicable in Mauritius. What used to be the National Residential Property Tax (NRPT) was abolished in 2010, following years of heated debate. It could very well be that the idea of savings in the Mauritian culture is deeply rooted in the ownership of property – one major dissenting voice against the NRPT having been the erosion of savings by taxing the value of land.

Rental income is taxed at 15%, similarly to other taxable income – after allowing for expenses directly related to the generation of this income. As for property transactions, a registration fee of 5% is payable by the buyer, and 5% by the vendor. No capital gains tax applies. The property taxation system in Mauritius is relatively straightforward.

France

French locals are faced with two different taxes: taxe d’habitation (Residence tax), imposed on the occupants, and taxe foncière payable by the owner. The calculation for the taxe d’habitation is at best, very complex. Significant changes have been set into motion, with the intent to alleviate the burden from households. The valuation basis for rental values is also under revision. These amendments however are scheduled to be executed gradually. It remains complicated to establish a set rate for this residence tax. The taxe foncière is also a value tax imposed annually on owners whether or not they are occupants of the property. This tax covers not only residential, but also commercial and others, while certain exemptions are provided. Rental is taxed on a scale along the computation for income, in addition to applicable social charges. The standard capital gains tax rate on real estate is 19%, though progressive charges apply depending on the magnitude of the gains, plus the relevant social charges. Acquisition can be subject to transfer tax or real estate VAT, depending on the nature of the property and its use.

South Africa

An estate duty of 20% is payable on the estate of every person who passes away should the net estate be in excess of R3.5 million. While this is a value tax, it is however not directly related to the acquisition of property in a transaction.

Income tax is applicable on rental income earned from property, after allowing certain deductions related to maintenance. This rate ranges from 18% to 45% depending on the taxpayer’s income tax bracket.

No transfer duty is applicable on a property purchase under R900,000, thereafter a progressive rate up to a maximum of 13%. If the purchase transaction is subject to VAT (15%), then there is no transfer duty. Capital gains tax is considered part of income tax, and ranges from 18% for Individuals, to 22.4% for companies, and 36% for certain Trusts.

Germany

Property tax in Germany involves two variants of land tax imposed on four different bases at five different “base rates” which in turn are modified by locally determined “leverage factors.” In effect, a taxpayer may pay between 1.5% to 2.3%.

Progressive rates apply on rental income, after deducting necessary expenses, including depreciation, prior to adding a solidarity surcharge.

Property transfer tax is payable on acquisition as well, ranging from 3.5% to 6.5%, depending on the Federal State. Capital gains tax is applicable.

United Kingdom

A council tax is payable by anyone who’s 18 years and older and who either owns or rents a home. To determine the quantum, different ratios apply to different bands (letters A to H). Rental proceeds are taxed as income, on a progressive scale from 20% to 45%, although personal allowances are deductible. Stamp Duty Land Tax (SDLT) is applicable on acquisition, within an established range. First-time buyers are eligible to a relief, with no tax applicable on the first £300,000. Capital gains tax on property applies.

From this comparison, we may find that the property tax laws in Mauritius are relatively straightforward and accommodating. Suited to the national context, they have undoubtedly played an important part in the local economic success story, and the growth of the real estate sector.

Should we continue our journey around the fiscal regimes of the world, we may very well begin to chart their distinct differences. Tax laws are after all not mere legislation, but a cultural atlas. The form of the fiscal structure of a country is at the core of the social contract which exists between the state and the people. This is particularly relevant when it comes to property taxes – an extension of the close relationship we hold with real estate as security, purpose, investment, and legacy.

In the wake of Coronavirus containment measures and their ensuing economic impact, governments across the globe have been driven to enact extreme fiscal measures. Countries with weaker fiscal capacities may find the path to recovery to be longer and steeper. As of May 2020, the Government of Mauritius has responded with fiscal stimulus totaling Rs. 12 billion ($300 million) – roughly 2.5% of its Gross Domestic Product (GDP)². The International Monetary Fund (IMF) expects the local economy to contract by 6.8% in 2020 but to pick up in 2021 by 5.9%³.

As mentioned, tax laws may change in response to economic needs. It is therefore another space that will require constant monitoring. However, all things being equal, Mauritius has a stronger fiscal stance than most Sub-Saharan economies, and the general applicable formula is expected to remain simplistic in the short to medium term.

^ Ministry of Finance and Economic Development. Summary of Revenue Projections. Retrieved on 4 June 2020 from https://budget.mof.govmu.org/budget2019-20/V_00_122019_20SumRevenue.pdf.

^ International Monetary Fund (IMF). Policy Tracker. Mauritius. Retrieved on 4 June 2020 from https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19#M
^ Mauritius Trade Easy. Mauritius: Economic Outline. Economic Indicators. Retrieved on 4 June 2020 from https://www.mauritiustrade.mu/en/trading-with-mauritius/mauritius-economics-outline

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Mauritius getting ready for post-COVID-19 recovery

By Benedicte de Comarmond,May 14, 2020January 9, 2023

While the total number of coronavirus cases globally has crossed 4 million, Mauritius is one of the few countries in the world that have succeeded in providing a timely response to the outbreak.

Even before the onset of COVID-19, a comprehensive package of prevention and preparedness measures were put in place in the country. Following confirmation of the first cases more than 50 days ago, Mauritius went into national lockdown on 20 March 2020 to mitigate this challenging and unprecedented health crisis. The three successive extensions of shutdown since that date have been key to limiting the spread of the virus and avoiding the risk of a second wave of the epidemic.

Mauritius now COVID-free

To date, our small island has been more proactive and effective than a number of more advanced countries in terms of curbing the spread of this public health threat. As a result of the stringent measures put in place, no new coronavirus infections have been reported since 27 April and Mauritius has no active cases anymore.

A total of 332 positive cases have been recorded, which means less than 0,03% of the population has been affected. Among these, 322 patients have been successfully treated, resulting in a recovery rate of around 97%.

What is even more encouraging is that we are ranked among the top 20 countries in the world testing for the virus in terms of per capita, according to the Worldometers website. EndCoronavirus, an international volunteer coalition of over 4,000 scientists, other experts and individuals, also lists Mauritius among some 30 countries that are doing best in beating coronavirus.

Gradual resumption of economic activity

In light of such results, the lifting of confinement measures has been announced for 1 June, with the easing of restrictions from 15 May. “We look forward to the reignition of the national economy on June 1, and we anticipate that by then, Mauritius will be a COVID-free country, something that will augur well for our international reputation,” says the CEO of the Mauritian conglomerate ENL, Hector Espitalier-Noël in an article published by the local daily, Le Mauricien.

Mauritius will resume economic activity in phases in a bid to prevent a new outbreak from occurring. Out of precaution, stringent health measures will be taken. A work access permit will also be issued to employees who need to travel to their workplace. A speedy application and approval procedure has been set up to ensure delivery within 24 hours.

Solidarity and collective resolve

In an effort to minimise risk during these challenging times, Business Mauritius will implement a protocol on post-curfew work arrangements for the private sector, which has already been cleared with the Government. As for the public sector, a comprehensive circular has been issued to all ministries and departments.

The introduction of new legislations is also envisaged to enhance responses to infectious diseases, the testing capacity has been increased and five centres are being set up in regional hospitals to specially cater for COVID-19 patients.

Public health remains top priority in the context of the battle against coronavirus. The road to economic recovery will be filled with twists and turns. However, the Mauritian people have stood in solidarity to combat COVID-19 throughout the last few weeks and we are confident that our continued collective resolve will help us get through these challenging times.

Read also: Your guide to moving to Mauritius

COVID-19: Heritage Villas Valriche homeowners join the Solidarity Drive

By Benedicte de Comarmond,April 30, 2020January 9, 2023

Being in confinement doesn’t mean that life must come to a standstill. The Heritage Villas Valriche homeowner community is demonstrating resourcefulness and solidarity towards each other as well as towards needy people in the region in the face of the current health crisis – in strict compliance with national health recommendations.

The people of the Heritage Villas Valriche estate in Bel Ombre have been showing their strong sense of community in recent weeks amid the national coronavirus lockdown in Mauritius.

The homeowners’ facilities management entity has been very active with a number of essential service personnel remaining on duty throughout the confinement period under the national work access permit conditions. Apart from the friendly security staff on duty 24/7, other emergency personnel have been active, ensuring 100% availability of essential services such as electricity, potable water, irrigation water and fibre-to-the-home internet. The landscaping provider, Agrïa has also managed to keep the vegetation under lockdown in this lush tropical environment.

The estate’s homeowners are contributing their share of the effort through mutual assistance and solidarity. Some of them have given neighbours the keys to their villas to keep an eye on their homes in order to ensure they are properly aired and cared for while they are away. At the same time, they have offered to help out with everyday products they have in stock, such as laundry and cleaning products as well as small appliances.

Shopping for groceries has become more of a challenge than normal in this lockdown period. Villa owners have therefore set up “grouped” deliveries to avoid service providers having to make multiple trips, making life easier for everyone. Donning masks and gloves, homeowners are only a short golf cart ride away from their order pick-up point, where they are kindly assisted by dedicated and friendly security staff.

In these times of crisis, everyone is helping out where they can. Some check with neighbours whether they need anything prior to a trip to the supermarket. The more active villa owners are volunteering assistance to the elderly or to those living on their own. They are also lending a hand with maintenance of the Heritage Golf Club course. The recently set up neighbourhood Facebook and WhatsApp groups are proving efficient tools to facilitate communication around the estate, whether to share good deals or to ask for help.

Although the sports centre has temporarily been closed to comply with lockdown and health measures, residents are able to breathe and enjoy nature since less than 15% of the estate area is and ever will be built-up – and with villas only – providing a wonderful sense of space. Adding the golf course area to the mix further enhances this sensation and makes social distancing an easy way of life.

The Heritage Villas Valriche community members are not only taking care of their immediate neighbours, but are also providing assistance to less fortunate people in nearby villages. In response to a call from the NGO, Caritas Ile Maurice and in coordination with the Rogers Vivacis initiatives, homeowners have contributed to and raised funds for the distribution of food supplies to 86 families at risk during this period of confinement.

In these tough times, it is vital for all of us to pull together to make a difference and these initiatives have reinforced the strong ambience of the “Heritage Villas Valriche Family”!

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Smarter waste management in Moka

By Nazira Mahangeer,April 15, 2020January 10, 2023

Responsible waste management is a key issue for any smart city development and Moka is taking a proactive approach to reduce its environmental footprint.

Moka Smart City is continuing its green efforts with the implementation of a selective waste collection programme within its first residential development, Les Promenades d’Helvétia. Alongside this initiative, semi-buried collectors strategically located around the city will serve as public drop-off points, boosting the efficiency and eco-friendliness of the waste management program.

Each apartment block of Les Promenades d’Helvétia will be equipped with selective colour-coded sorting bins: green for organic waste, yellow for recyclables like plastic, aluminium, paper and cardboard, and red for those items that cannot be recycled.

For optimal efficiency, households can use multi-compartment bins to separate their waste at the source –in their kitchen. They can buy one from their preferred store or from kitchen specialists such as Unique Concept or Schmidt.

Specific waste itineraries

The refuse collection service of the Moka District Council will pick up non-recyclable waste once a week and recyclable dry waste fortnightly. The frequency for organic waste will be determined shortly.

After selective collection, each type of waste will be routed to the suitable treatment channel. Organic waste will be turned into compost whereas recyclable products such as plastic and aluminium will be sorted by Green Ltd before being transformed or exported. The same channel as for general waste will be used for non-recyclable materials, i.e. they will be sent to the Mare Chicose landfill.

Waste sorting and recycling offer various advantages, including halving the amount of waste going to landfills. They improve households’ compliance with sustainable development principles, with significant economic benefits for all. The collection and transformation of waste help preserve the environment and promote the development of a circular economy based on the “three Rs”: Reduce, Reuse and Recycle. They also contribute to creating sustainable jobs.

A clean, safe and cost-effective solution

This responsible waste management extends beyond Les Promenades d’Helvétia. Moloks, semi-buried waste collectors, will soon be available as voluntary drop-off receptacles at Vivéa Business Park, Helvetia (in front of Synergy Sport & Wellness Institute), Courchamps and Telfair.

The containers to be installed in Moka are designed for the disposal of dry waste, including paper, cardboard, plastic, aluminium cans and glass. Here again, Green Ltd will be the supplier and will take care of collection.

There is a specific recycling stream for each type of waste. Plastics are either transformed and reused locally or exported by companies like Polypet Recyclers Ltd, Surfrider Ltd and WeCycle Ltd. The latter also processes and exports some of the paper and cardboard collected. Metal is sent abroad while glass is recycled locally by Green Ltd to find a second life in construction.

The Molok waste management system is a clean, safe and cost-effective solution for responsible and eco-friendly waste collection. It ensures efficient and safe emptying for both users and collectors, with a space-saving vertical design. The lower temperature underground helps minimize odours while gravity improves compaction for an increased collection capacity.

Moka Smart City has set up this initiative to make a tangible contribution towards a sustainable development by promoting better waste management practices among its citizens!

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