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.
