Located in the middle of the Indian Ocean at about 3,600 kilometres off the eastern coast of South Africa, Mauritius is an independent country with a population of 1.3 million. Its people of diverse ethnic origin has made this island nation into one of the most cosmopolitan destinations in the world.
A developing nation in the league of high-income countries, Mauritius enjoys a per capita Gross National Income of 12,740 USD. Since its independence in 1968, Mauritius has gradually transformed itself from a monocrop economy dependent on sugar cane as its main source of foreign earnings into a competitive, well-diversified and broad-based economy where services account for 70% of GDP.
Why Mauritius is a Top Destination for Expatriates and Investors
Strong Economic Growth and Global Competitiveness
Mauritius ranks 13th globally and 1st in Africa for ease of doing business (World Bank) and 1st in Africa on the Global Competitiveness Index. The country offers investment opportunities across sectors like agro-industry, ICT, financial services, real estate, renewable energy, and healthcare. Political stability, robust institutional frameworks, and a favourable regulatory environment contribute to the island’s strategic growth.
Mauritius’ open trade policies and extensive network of treaties have helped establish it as a welcoming destination for investors and foreign talent. Learn more about its strategic advantages here, including access to 26% of the world’s population through membership in regional economic blocs.
Advantages of Mauritius for Foreign Investors
- 100% Foreign Ownership: Foreign investors can hold 100% of a company’s shares, providing complete control over business ventures.
- Favourable Tax Structure: The 15% corporate tax rate (with certain exemptions) and absence of capital gains tax make Mauritius an attractive investment hub.
- Multi-Currency Accounts: Foreign investors can open multi-currency accounts and repatriate profits freely, benefiting from Mauritius’ lack of foreign exchange controls.
Investors can also explore opportunities in the Mauritius Freeport, a duty-free logistics hub for warehousing, re-export, and assembly. With these benefits, Mauritius is ideal for companies looking to establish operations and reach African markets.
Residency Options for Investors and Expatriates
Mauritius offers multiple pathways to residency, designed for investors, entrepreneurs, retirees, and expatriates.
Occupation Permit for Investors
To increase convenience for investors, Mauritius has lowered the minimum investment required to obtain an Occupation Permit (a combined Residence and Work Permit) to USD 50,000. Dependents of the investor, including spouses and children, are also eligible for residency, ensuring that families can relocate together.
Residency by Property Investment
Mauritius offers expatriates the option to acquire residential property through approved schemes:
- Integrated Resort Scheme (IRS), Real Estate Scheme (RES), and Property Development Scheme (PDS) allow foreigners to purchase property in Mauritius.
- Smart City Scheme and Ground +2 Apartments are further options for investment in designated areas.
Investing over USD 375,000 in these schemes grants residency as long as the property is held. Properties can be freely rented, providing an additional revenue stream for investors.
A High Quality of Life for Expatriates in Mauritius
Mauritius has become a top choice for expatriates due to its high standard of living, exceptional healthcare, and well-developed infrastructure. The island ranked highest in Africa on the Mercer Quality of Life Index in 2019, reflecting its strong socio-cultural environment, quality schools, and modern amenities.
Expats enjoy:
- Tropical Climate and Natural Beauty: Mauritius offers year-round sunshine, stunning beaches, and lush landscapes.
- Affordable Cost of Living: Quality healthcare, educational institutions, and modern shopping and recreational facilities are available at reasonable costs.
- Remote Work Opportunities: With the Premium Visa introduced in 2020, digital nomads and long-term travellers can live and work remotely in Mauritius for up to a year. The country ranks 4th globally on the “Work from Wherever” index due to its fast internet and supportive environment for remote workers.
A Residence Permit can also be obtained by acquisition of property in designated schemes
With a liberal property market, Mauritius is gaining increased popularity with the internationally mobile community comprising HNWIs and influential business personalities. Mauritius offers different schemes, approved and managed by the Economic Development Board, for foreigners to acquire residential property in Mauritius: IRS, RES, PDS, Smart City Scheme, Ground + 2 Apartments. Acquisition of property in designated residential schemes for an amount exceeding USD 375,000 will also grant a Residence Permit to the acquirer as long as he/she holds the residential property. Property acquired can also be rented out freely to generate rental income.
Why Mauritius is an Ideal Gateway to Africa
Strategically located and politically stable, Mauritius serves as an ideal platform for companies looking to expand into Africa. With a reputation for strong governance, transparency, and a commitment to ethical business practices, Mauritius has developed a thriving global business sector. The country’s treaties and trade agreements, combined with a supportive legal and regulatory environment, make Mauritius a secure choice for investors seeking predictable, long-term opportunities.
Explore Your Options with Nexus Global Financial Services
Mauritius’ appealing blend of economic opportunity, tropical lifestyle, and strategic access to African markets makes it an ideal choice for expatriates and investors. For more information on relocating to Mauritius or making the most of investment opportunities, contact Nexus Global Financial Services for a personalised consultation.