Mauritius is a new “hot spot” for South Africans emigrating
Residency upon purchase of property
Non-Mauritian citizens are now eligible for residency permits on the purchase of property under the government’s Property Development Scheme (PDS) with a minimum investment of $500 000. A further attraction for expats investing in property is that Mauritius has no Capital Gains Tax dividends or inheritance tax and a universal tax rate of 15%.
Mauritius has a robust economy and has performed well in the recent years. The sugarcane industry makes up 25% of total income from exports and the textile industry is another significant contributor to the local economy as is tourism. The government is encouraging the growth of other sectors and financial services is one of these areas. Mauritius has also become a popular base for foreign businesses that have established bases in the country in order to take advantage of the favourable tax incentives.
Working in Mauritius
Mauritius offers many opportunities for expats in the areas of banking, accounting, marketing, IT, architecture and business consulting. Residents in Mauritius pay income tax starting from 10%, rising to a maximum of 30%. You are classified as a resident if you spend a minimum of 183 days in the country in any tax year.
Education in Mauritius
Expats with families will be pleased to know that education in Mauritius is of a high standard and there is a wide choice of international schools that are ideal for children moving from abroad to Mauritius. Children at these schools can study for international academic qualifications including international GCSEs, A levels and the International Baccalaureate Diploma.
Healthcare in Mauritius
Expats living in Mauritius will need to have their own medical insurance in place before they move to the country. There is publicly funded healthcare in place for local residents and many public hospitals on the island, but expats tend to make use of the private hospitals where a broader range of services is offered. For some complex medical procedures you may have to be transferred to a hospital in South Africa or Reunion.
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I’m a banker at on of the big 4 banks in SA. How do I apply for a position in Mauritius or do I need permanent residany first?
+27 84 209 5940
We would recommend you to visit the Mauritius’ Passport and Immigration Office website in regards to passport, visa and residence by investment queries. http://passport.govmu.org/English/Pages/default.aspx
Want to know more about financial emigration …I’ve been living in Mauritius for 5 yrs+
Thank you for your query. If you can please provide us with your contact number and email address one of our financial consultants will gladly contact you. Alternatively you can submit your contact details via our website for a free and no obligation consultation and quote: https://www.finglobal.com/please-call-me/