INVESTING IN MAURITIUS

Discovery of the island

“Mauritius was made first, and then heaven; and heaven was copied after Mauritius.” This is how Mark Twain once described the beauty of the island.

Known as the Pearl of the Indian Ocean, Mauritius has a coastal line of 330km and offers dream beaches, with crystal blue lagoons, protected by coral reefs. But this island is much richer than what is shown in postal cards. With a relaxed and exotic ambiance, tropical gardens, Hindu temples, waterfalls and old volcanic craters, Mauritius is made up of cultures, colours and scents.

On this multicultural island, we can find Hindus, Tamils and Muslims from India, Christians from African origins, Buddhists from China and French-Mauritians living together in peace and harmony. It is a real cultural and gastronomic discovery, blended with the people’s kindness and the soothing trend of life.

REAL ESTATE INVESTMENT IN MAURITIUS

Discover Mauritius and all the good reasons to invest

Strongly developing upmarket tourism

Mauritius is a dream destination. With exotic beaches and calm lagoons, ideal for sea sports. The crystal waters are perfect for undersea diving, snorkelling, swimming, kaya, among the many other activities. But Mauritius can offer much more than beautiful beaches. Chamarel, its waterfalls and the 7-coloured earth, the Pamplemousses Garden, Le Morne Brabant Peninsula known as a World Heritage, le Chateau de Labourdonnais…

The mountainous features of the National Parc of Black River, the true lungs of the island, offer ideal grounds for trailers. The number of tourists is increasing each year, even exceeding the current population number. More than 2/3 come from Europe, half of whom come from France. Tourism has achieved a level of excellence and gained international recognition. This sector generates a flow of foreign currency to the island economy. It must be said that the hospitality of its inhabitants is legendary and contributes to the unique authenticity of Mauritius.

To welcome these tourists, the island is continuously investing in hotels and the government is encouraging more development by opening the real estate market to foreigners, by allowing the sale of R + 2 apartments and villas. With this new regulation, the government wishes to boost the Mauritian economy and the construction sector and to meet the new tourists’ aspirations.

The strongest economic development zone

Mauritius has a dynamic liberal economy.

There are no exchange controls or restrictions on the repatriation of profits, dividends and capital. Index of Economic Freedom published by Wall Street Journal ranks Mauritius 8th among all countries where freedom of exchange and investment rules. The protection of foreign investment is ensured by several treaties to which Mauritius is a signatory.

During the previous years, The Republic of Mauritius has worked on a strong development programme, focused on growth, that has allowed it to be recognised as the highest income population of Africa. Making Mauritius Geographical position thus more profitable and its economic trajectory impressive, Mauritius has positioned itself as the regional trade hub with much success.

Today Mauritius is a well-established business destination for investors seeking for a secure investment environment, with political stability, transparent regulations and an effective financial ecosystem offering various services. As an innovation-based and knowledge-based economy, Mauritius relies on many sectors offering excellent business opportunities in various fields: Agriculture, aquaculture and marine economy, education, financial services, health, hospitality, real estate and smart cities, ICT – BPO, life sciences, logistic, manufacturing industries, media and art, among many.

Un tourisme haut de gamme en fort développement

L’Île Maurice est une destination de rêve. Des plages exotiques et des lagons calmes, idéals pour les sports nautiques. Les eaux cristallines sont parfaites pour la plongée sous-marine, le snorkeling, la natation et le kayak, et de nombreuses autres activités.

Mais l’île Maurice offre bien plus que des plages de rêve. Chamarel, ses cascades et sa terre aux sept couleurs, le jardin de Pamplemousse, la Péninsule du Morne Brabant classée au Patrimoine mondial, le château de Labourdonnais….

Les reliefs escarpés du parc national de Rivière Noire, véritable poumon de l’île, proposent des terrains propices aux VTTistes et trailers. Le nombre de touristes augmente chaque année, dépassant désormais le nombre d’habitants de l’île. Plus des 2/3 viennent d’Europe dont la moitié de France. Le tourisme a atteint un niveau d’excellence et acquis une notoriété internationale. Il génère un fort apport en devises étrangères. Il faut dire que l’hospitalité de ses habitants y est légendaire et confère une authenticité unique à l’île.

Pour accueillir ces vacanciers, l’île n’a de cesse de poursuivre le développement de ses équipements hôteliers et le gouvernement va plus loin dans sa politique d’ouverture du marché immobilier aux étrangers en autorisant la vente d’appartements en R+2, en plus des villas de luxe. Avec cette nouvelle mesure, le gouvernement souhaite “booster” l’économie mauricienne et le secteur de la construction et répondre aux nouvelles aspirations des touristes.

The strongest economic development zone

Mauritius has a dynamic liberal economy.

There are no exchange controls or restrictions on the repatriation of profits, dividends and capital. Index of Economic Freedom published by Wall Street Journal ranks Mauritius 8th among all countries where freedom of exchange and investment rules. The protection of foreign investment is ensured by several treaties to which Mauritius is a signatory.

During the previous years, The Republic of Mauritius has worked on a strong development programme, focused on growth, that has allowed it to be recognised as the highest income population of Africa. Making Mauritius Geographical position thus more profitable and its economic trajectory impressive, Mauritius has positioned itself as the regional trade hub with much success.

Today Mauritius is a well-established business destination for investors seeking for a secure investment environment, with political stability, transparent regulations and an effective financial ecosystem offering various services. As an innovation-based and knowledge-based economy, Mauritius relies on many sectors offering excellent business opportunities in various fields: Agriculture, aquaculture and marine economy, education, financial services, health, hospitality, real estate and smart cities, ICT – BPO, life sciences, logistic, manufacturing industries, media and art, among many.

Since its independence, the small island formerly colonized by the Netherlands, France and then the United Kingdom, has gradually transformed its economy. Initially based on the cultivation of sugar cane, industrialization in the 1970s helped to diversify production, particularly through textiles and exports. The cybercities are flourishing, led by their greatest representative, Ebene. Its Prime Minister, Pravind Jugnauth, was proud to announce that the country has not experienced a recession for “thirty-seven years”, breaking the world records held by the Netherlands – twenty-five years – and Australia – twenty-six years.

The ‘Mauritian miracle’ has everything to please foreign investors, insured by its political stability. The island takes advantage of the French, mostly wealthy retired ones, high desire to migrate to Mauritius – they are about 10,000 expatriates.

A remarkable political stability

The Republic of Mauritius, commonly known as ‘Mauritius’, is a democratic parliamentary republic. It gained its independence in 1968 after being owned by the French and British during 100 and 150 years respectively. Since 1968, Mauritius is member of the Commonwealth, also the United Nations and the l’OIF (Organisation Internationale de la Francophonie).

Its political stability is remarkable. According to Economist Intelligence Unit, in its 2017 ‘Democracy Index’, Mauritius is ranked 18th on a world scale and 1st in Africa. Since its independence, the island enjoyed unparalleled political stability.

Supported by high valued activities such as high-tech medicine, the Mauritian Health sector is often compared to France. Residents and expatraites beneficiate from free health services. The country counts 14 hospitals but also renowned private clinics. In terms of studies, Mauritius has beautiful institutions: quality French schools and high schools, universities, Master of Political Science, Vatel, Assas…

You can travel to Mauritius and be assured that there is very little risk of something going wrong. It is a very safe country with a very low crime rate.

A francophone and Francophile island

Independent since 1968, the one which was once call l’Isle de France, has preserved certain aspects of its French history (Language and Napoleon civil code). The country has maintained strong economic relations with France, with the language being omnipresent.

If the official texts are in English, French and Creole are the 2 most used languages by the people. And there is only 2 to 3 hours of time difference from France, depending on the season.

Privileged trade agreements with France

According to the figures provided by the French Embassy in Mauritius, the establishment of French enterprises in Mauritius has accelerated during the recent years and France has undoubtedly become the leading investor country. France is also ranked first with more than 170 implantations. One of the reasons behind this ranking lies in the agreement between the 2 countries by a fiscal convention allowing non-double taxation. Moreover, there is no restriction on the repatriation of profits, dividends and capital.

 le cadre de vie exceptionnel d’une île tropicale
Why invest in real estate in Mauritius

To invest in Mauritius is above all to invest in a regulated country offering promising tax opportunities and valuations, a dynamic economy in a stable Republic enjoying a favourable policy, and historically close to France and England, in an idyllic environment!

In addition to the exceptional living conditions of a tropical island, at the crossroads of Asia, Europe and Africa, Mauritius offers considerable advantages for foreign investors and of course for the French citizen and taxpayer, in particular in terms of tax exemption and rental yields.

Depending on the amount of your investment, you can even become a resident and stay there for as long as you wish.

 le cadre de vie exceptionnel d’une île tropicale

Why invest in real estate in Mauritius

To invest in Mauritius is above all to invest in a regulated country offering promising tax opportunities and valuations, a dynamic economy in a stable Republic enjoying a favourable policy, and historically close to France and England, in an idyllic environment!

In addition to the exceptional living conditions of a tropical island, at the crossroads of Asia, Europe and Africa, Mauritius offers considerable advantages for foreign investors and of course for the French citizen and taxpayer, in particular in terms of tax exemption and rental yields.

Depending on the amount of your investment, you can even become a resident and stay there for as long as you wish.

 le cadre de vie exceptionnel d’une île tropicale

Why invest in real estate in Mauritius

To invest in Mauritius is above all to invest in a regulated country offering promising tax opportunities and valuations, a dynamic economy in a stable Republic enjoying a favourable policy, and historically close to France and England, in an idyllic environment!

In addition to the exceptional living conditions of a tropical island, at the crossroads of Asia, Europe and Africa, Mauritius offers considerable advantages for foreign investors and of course for the French citizen and taxpayer, in particular in terms of tax exemption and rental yields.

Depending on the amount of your investment, you can even become a resident and stay there for as long as you wish.

The OECD (Organisation for Economic Co-operation and Development) ranks Mauritius as one of the most “virtuous” countries in terms of taxation thanks to the signing of international agreements on compliance with standards. Mauritius and 43 other countries, including France, have signed a bilateral tax convention to eliminate double taxation on income and capital taxes. Your rental income in the event of a rental investment is not taxed in France and your property does not enter into the tax base on property tax.

The OECD (Organisation for Economic Co-operation and Development) ranks Mauritius as one of the most “virtuous” countries in terms of taxation thanks to the signing of international agreements on compliance with standards. Mauritius and 43 other countries, including France, have signed a bilateral tax convention to eliminate double taxation on income and capital taxes. Your rental income in the event of a rental investment is not taxed in France and your property does not enter into the tax base on property tax.

Exceptional taxation

You will therefore benefit from a transparent and fair taxation of 15% on your rental income and the exceptional advantages of Mauritius:

  • free movement of monetary flows (capital, profits, dividends)
  • the absence of capital gains taxes
  • the absence of taxes on wealth
  • the absence of housing taxes or property taxes
  • absence of CSG, no taxation at source on interest on financial investments
  • the absence of dividend taxes.
Attractive rental yields

If you choose to rent your property, you can rent it as part of an annual lease or as a seasonal rental.

More and more expatriates and tax exiles, a constantly increasing number of tourists, here is a part of the recipe for high fill rates and obtain very attractive rental yields.

Add to this a tourist season of large amplitude, low condominium charges, very low personnel costs, the absence of local taxes and very low taxes, and yields are to make many countries envy us.

A way to diversify one’s heritage

Investor protection has always been one of the most important benefits in Mauritius. The country is a signatory to several multilateral treaties and conventions ensuring the protection of foreign investors: International Court of The Hague, New York Convention of 1958…

All wealth managers agree that the key to asset optimization lies in the diversification of the media in order to smooth the cyclical effects and ensure medium and long-term valuation. Investing in Mauritius means benefiting from a clear legal framework: the purchase is in full ownership under the Napoleonic Code and the sale is concluded before a notary with the same guarantees as in France. The bill of sale is written in French.

If it is a new program, the purchase process is similar to the purchase of a property in VEFA (Sale in State of Future Completion) in France. Payments are made as the work progresses and the bank issues you a GFA (Financial Completion Guarantee). Your property is subject to warranties that protect you in case of construction defects or failure of the builder.

Investing in Mauritius is also about preparing for your retirement, making sure you have the best rental income. Some even decide to live there for a large part of the year. Foreign nationals who wish to retire to Mauritius even have 2 different options for obtaining a residence permit, the retired residence permit and the one issued as a real estate investor for a property over $500,000.

About CARACTERE

When making the choice to invest in a foreign country, it is essential to be well supported.

CARACTERE International is not an intermediary like the other players in the sale and rental of residential real estate in Mauritius. Our company is the first and only one in France and Mauritius to support you throughout your investment process.

CARACTERE International

A propos de CARACTERE

Lorsque l’on fait le choix d’investir dans un pays étranger, il est essentiel d’être bien accompagné.

CARACTERE International n’est pas un intermédiaire comme les autres intervenants dans la vente et la location de biens immobiliers résidentiels à l’île Maurice. Notre entreprise est la première et la seule implantée en France et à l’île Maurice pour vous accompagner d’un bout à l’autre de votre démarche d’investissement.

CARACTERE International

A propos de CARACTERE

Lorsque l’on fait le choix d’investir dans un pays étranger, il est essentiel d’être bien accompagné.

CARACTERE International n’est pas un intermédiaire comme les autres intervenants dans la vente et la location de biens immobiliers résidentiels à l’île Maurice. Notre entreprise est la première et la seule implantée en France et à l’île Maurice pour vous accompagner d’un bout à l’autre de votre démarche d’investissement.

CARACTERE International

Real estate professionals for 30 years, we select properties and developers based on impeccable quality criteria. And to ensure that your acquisition is successful, we provide you with a global service offer that can be adapted to your needs:

  • Sale and rental of residential properties in Mauritius: apartments and villas in new programs or resale
  • Rental management of your properties: long-term rentals, vacation rentals
  • Assistance with local formalities: legal arrangements, banking partners, insurance, tax advice, assistance with formalities, etc.

CONTACT US

France

44 Rue Madeleine Michelis
92200 Neuilly-sur-Seine
+33(0)1 41 43 20 80

© 2019 Conceived by Ebox

Mauritius

Sunset Boulevard,
Grand Baie Mauritius

+230 5856 9160

Mauritius

Sunset Boulevard, Grand Baie
Mauritius
+230 5856 9160

© 2019 Conceived by Ebox

Leave your number and an collaborater will contact you