WHY ARE PEOPLE IMMIGRATING TO MAURITIUS?

More and more South Africans are relocating to the sunny shores of Mauritius. The island country’s appeal is not just about living where others go to holiday. Over the last couple of years, Mauritius has grown exponentially, both in the spheres of commerce, as well as their standard of living.

A number of legislative changes to the immigration criteria, means that emigrating to Mauritius has now become less complicated and less expensive, especially for South Africans. For example, the Mauritian occupancy permit (OP) requires an investment amount of only $50 000 USD, down from $100 000 USD.

Lifestyle

A quick Google will reveal what is on offer in the Mauritian package. Be warned, the pictures are intoxicating. Sea, sun and surf, with lush greenery and a bustling nightlife, are some of the things you can expect to find during your stay. It is the very definition of the dreamed-about island lifestyle. Add to this their year-round moderate tropical climate and the idea of having a beach around every corner makes perfect sense. The Global Peace Index rated Mauritius as the most peaceful African country, which is an inviting statistic for young or growing families hoping to establish themselves in a new country.

People

Because the country has endured centuries of colonialism and now enjoys the phenomenon of year-round holidaymakers, the local community is extremely diverse in language and culture. English is the dominant language in the workplace, but you will quickly pick up some of the French-based creole languages while cruising through the marketplaces. With such abundant variance, the local art and music scene will cater for everyone, while local cuisine will tempt adventurous tastebuds.

Business

Mauritius is located in the Indian Ocean at the centre of a seafaring crossroads, which makes it a hotspot for business executives, entrepreneurs and high-net-worth individuals. With so many prominent figures in one place, the island is a mecca for those who work hard and enjoy an active outdoor lifestyle.

Not only do they have a stable economy, but Mauritius is also renowned for its thriving finance industry. According to the World Economic Forum, Mauritius has the most competitive economy in sub-Saharan Africa, while the World Bank has classified the island as a high-income economy and ranked it as the easiest place in Africa to conduct business. These are statistics that tickle investors when they contemplate investing in an ever-growing economy.

Taxation

While the country boasts a maximum 15% income and corporate tax threshold, there is also no:

• Capital Gains Tax
• Dividend tax
• Property tax
• Inheritance tax
• Withholding tax on interests and dividends

Mauritius also has a wide network of global treaties, such as Double Taxation Agreements, in place with other countries to make it more favourable for foreigners who want to live and work there.

Expat-friendly

Mauritius finds particular favour among South African expatriates and remote workers, because it is in close proximity to South Africa. With one foot in Mauritius and the other in South Africa, they have the benefit of remaining close enough to relatives and loved ones, while experiencing first-hand the beauty that Mauritius has to offer.

If you are working remotely for a non-Mauritian company and do not intend to enter the Mauritian workforce, you could qualify for a Premium Visa, which is valid for 12 months, and even renewable beyond that.

With so many visa options to consider, it is important to consult an immigration specialist who is familiar with the latest visa criteria. They should be able to assist applicants with their visa or residency application to ensure a first-time accurate submission.