Retire in Mauritius
To live in Mauritius, a paradise island in the middle of the Indian Ocean is the dream for many and on top of its flexible taxation policy, the cost of living in Mauritius is much lower than in Europe or the United States, not to mention its finest sandy beaches.
The perfect mix for a well-deserved retirement in a tropical haven.
Millions of Europeans and Americans of retirement age are living abroad, of which a considerable number of French, German and British seniors. Mauritius is one of the most popular destinations due to its fabulous development and setting, its mix of cultures and also its numerous tax benefits.
In addition to its economic and political stability (ranked among the world’s top ten) and world famous Mauritian hospitality, real estate investment in Mauritius remains a reliable and secure asset for many retired pensioners wanting to make a good return of their investment and/or to pass on to their future generations.
To become resident in Mauritius, a retired foreigner with minimum 50 years of age must apply for permanent residence with the BOI and transfer 120,000 US dollars to his Mauritian account which grants him/her a temporary residence permit for 3 years ( upon verification of criminal record, health analysis etc). After which, the foreigner will then be able to buy property on the island.
To avoid these tedious and time-consuming procedures and waiting period, seniors wishing to invest and develop their capital in Mauritius can opt for a more practical option, that is:
Buy a real estate property in Mauritius according to the investment policies put in place by the government and thus automatically benefit from the right of residence with the related tax benefits, which altogether avoids the 3 years of the waiting period and the approval procedures.
Indeed, subsequent to the tax treaty signed between Mauritius and several countries (including the UK, Italy, Germany, France and Belgium), foreign investors purchasing real estate in Mauritius under PDS, RES, and IRS approved programs benefit from the right of residence on Mauritian territory.
Financial advantages also come along such as no property or residential taxes as well as no taxes on wealth, dividends, capital gains and inheritance following their investment.
If the foreign buyer stays a minimum of 6 months a year on the island, he can claim Mauritius as his tax residence to avoid double taxation. The tax rate is set at only 15% of the income generated on the island.
The properties available for purchase by foreigners (inclusive of the right of residence) are in a price range between 275,000 euros for an 80m2 high standard apartment and 390,000 euros for a 3-bedroom deluxe villa.
Any investment of more than 500, 000 US dollars (about 450,000 euros) gives the buyer an automatic right to permanent residence in Mauritius, including their spouse and children aged up to 24 years.
For a successful investment, we recommend the investor to seek the expertise of a Wealth Management Advisor, also known as Private Asset Manager in the UK.
Unlike a real estate agent, a Wealth and Asset Manager is a professional of Patrimonial and Tax Law that not only acts as an advisor to the investor and assists in the management of their property but also handles all administrative aspects along with the valuation of property and gives instructions for the use thereof.
The Wealth and Asset Managers of Groupe Robertson Patrimoine are here to provide you with the best balance between risk and profitability at each stage of your asset life (acquisition, development, transmission) to ensure its future and that of your relatives in the short, medium and long-term.
We offer our customers a unique service before, during and after their investment and act as the link with the Mauritian government to avoid our clients the complexities of the procedures.
We make your real estate purchase in Mauritius a reliable and secure investment while maintaining your peace of mind.