Some countries such as Portugal and Mauritius have become the preferred destinations of European investors and pensioners. If the fact that they are considered tax havens are the first thing that comes to mind, you must know nevertheless know that the benefits are real and multiple when talking about the real estate sector in Mauritius.
Traveling to Mauritius
The practice is common but thanks to some reforms of the government of Mauritius, it becomes an ideal solution for pensioners and professionals who want to start a new business on the Island. By observing the patterns of real estate acquisitions, it could be said that high-end villas are intended for wealthy buyers. But in reality, it will be enough of a few hundreds of thousands of euros to invest in real estate in Mauritius. Local real estate agencies can testify to this reality. The number of foreign residents in the country has increased markedly in recent years. Currently, this figure is estimated to be more than 10 thousand including investors. Mauritian government authorities are still planning to expand the sector by introducing other policies to attract foreigners.
Tax and contextual assets
Cheaper living environment, the island of paradise has the potential to attract many tourists. But since the Mauritian republic wants to encourage foreign direct investment, it has had to improve its fiscal policy. Foreigners who own real estate in Mauritius will have no tax on heritage. it has been decided that a fixed tax rate of 15% will be applied. For other tax expenditures, purchasers will benefit from an exemption on property tax, home tax or capital gains tax. Of course, all these benefits will be more accessible with different ownership statuses (RES, IRS, PDS). In some cases, such as when the amount of residence reaches a certain level, the buyer automatically becomes a permanent resident (500,000 USD). It is also possible to have a good return on your real estate investment by renting or reselling it at a more attractive price. Profits (capital gains) can be repatriated without any difficulty.
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