Retire in Mauritius
To live in Mauritius, a paradise island in the middle of the Indian Ocean is the dream of many and apart from 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 heaven.
Millions of Europeans and Americans of retirement age are living abroad, of which a considerable number of French, German and British seniors, and 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 the Mauritian peace (ranked among the world’s top ten) and world famous Mauritian kindness, real estate investment in Mauritius remains a reliable and secure asset for many retired pensioners to build wealth and to pass on to their future generations while living in this little island paradise in the middle of the Indian ocean.
To become resident in Mauritius a retired foreigner with minimum 50 years of age must either transfer 120,000 US dollars to his Mauritian account to receive a temporary residence permit for 3 years ( upon approval of his file for criminal record, health analysis etc) and after this time apply for permanent residence at the BOI, which is the government regulatory body, and then be able to buy property on the island, which in itself is tedious and time-consuming for the seniors wishing to invest and develop their capital in Mauritius,
OR that what seems like the more logical route for investment, that is:
buy a real estate property in Mauritius according to 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 on the waiting list 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 of 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 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 is not only an adviser to the investor but who assists in the management of their property, and handles the administrative side and valuation of property, and gives instructions for the use thereof.
The Wealth and Asset Managers of Groupe Robertson Patrimoine are here to find for you the best balance between risk and profitability at each period of your asset life (acquisition, development, transmission) to ensure its future and that of your relatives in the short, medium and long-term.
We offers 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.