BUSINESS MAVERICK OP-ED: Why holiday island Mauritius is out-investing SA, and what we need to do about it By Gavin Butchart
Democracy Index 2017 – The Economist Intelligence Unit – Full DemocracyWorld Bank Doing Business 201839 out of 136 countries45 out of 137 countriesThe Travel and Tourism Competitiveness 2017A mere four-hour flight from South Africa, a peaceful and multicultural society, Mauritius, known for producing and exporting sugar, has moved into a sophisticated service economy changing its landscape, with the development of vibrant business centres and smart cities.
The development of property development schemes for foreign non-citizen investment has attracted a lot of interest allowing for property investment and passive rental income. If you are looking for more permanent residence status, an investment of $500,000 or more in a PDS will grant you this; financing and payment options are also available on new developments and from financial institutions on the Island.
Mauritius has also managed to keep tax rates low with a very attractive fiscal regime including 100% foreign ownership, free repatriation of profits, dividends and capital not to mention no dividend, capital gains or estate duty taxes and low corporate and individual taxes currently at 15%.
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