Considering why you should relocate to Mauritius? Those moving to Mauritius fall in love with the natural beauty, rich cultural and historical heritage, and a joie de vivre that characterises life on this small island nation.
Moving to Mauritius allows you to enjoy island life with air connectivity to the rest of the world daily and just five hours from South Africa, live in a safe environment and work in a business and investment-friendly country in Africa.
Read on to learn everything you need to know if you’re considering your options to invest in or relocate to Mauritius, an island steeped in history, surrounded by the Indian Ocean and where the sun shines most days of the year.
Mauritius offers permanent residency options to foreigners who meet specific requirements. The government has taken the following measures to attract and welcome new residents:
The Economic Development Board (EDB) of Mauritius offers a 20-year residency permit to those who make a minimum investment of $50 000, in one of the business activities specified by the EDB.
Mauritius offers a 10-year residency permit for those at least 50 years old and can transfer a minimum of $1,500 per month or $18,000 per year. It is possible to extend the duration of the 10-year residency to a 20-year permanent residency if one lives in Mauritius continuously for three years and meets certain conditions.
There are several ways to obtain a combined occupation and residency permit. One way is to invest money in Mauritius as a business-minded investor. Another option is to work as a professional or self-employed person if your basic monthly salary is at least MUR 60,000.
When you relocate to Mauritius, you will find that the country offers an affordable lifestyle. Of 197 countries, Mauritius ranks 134th in cost of living, which is 1.48 times less expensive than the average.
Mauritius is a tropical country with mild climate all year round. The average temperature in summer is 24.7 degrees Celsius and drops only 4.3 degrees Celsius in winter. The island’s topography also leads to a range of microclimates – it can be gloriously sunny where you are while raining nearby.
Tropical storms are common in Mauritius during the summer months of November to April. The island nation is particularly vulnerable to such weather events due to its location in the Indian Ocean though increasingly resilient due to its modern infrastructure.
Moving to Mauritius from South Africa will give you access to a top-notch education for your children, largely based on the British system since it was a former British colony.
Popular international schools in Mauritius:
Mauritius has commendable health facilities at public and private hospitals which offer most specialities.
There are three main types of homes for renters in Mauritius: Villas, apartments and single-storey family homes. Some rental properties are furnished, others are not, but generally, tenants have the flexibility to choose between a short-term or long-term lease.
Do you want to invest in Mauritius property? All foreigners must obtain approval from the country’s EDB to buy property in Mauritius, while the Property Development Scheme (PDS) gives them access to property investments. To invest in Mauritius for residency by buying property, the threshold for a real estate investment is $375,000.
The PDS is primarily about development projects on a vacant lot that gives you freehold title and ownership of your property. Certain derivatives, such as the Ground +2 Scheme, have been added to the PDS property scheme. These tend to be apartments and semi-detached houses, lowering the entry threshold for overseas property buyers to around $200 000 (MUR 9 000 000). There are also Smart City Schemes, a combination of retail, commercial and residential properties.
Mauritius is a great destination for offshore investors because of its world-class financial and management services. You can take advantage of its attractive legal and tax regime by setting up a Global Business Company. Reach out to our team – we can help you navigate the many investment opportunities in Mauritius.