PROPERTY MARKET BECKONS
What are the investment options?
BRENT WEALTH A LICENSED INVESTMENT ADVISOR COMPANY CAN ASSIST WITH THE FOLLOWING:
- Bank Account
- Property Purchase
- Global Portfolio Management
- Setting up a business or relocating an existing business to Mauritius
Q & A
Can I own Property in Mauritius ? – Yes you can.
We are asked the above question on a daily basis, here are some more questions we receive which may assist our clients in deciding to make the move,
Where can I purchase a property?
Non-citizens of Mauritius can purchase property in the following approved zones, a PDS (property development Scheme), smart city or an apartment with a ground floor plus two levels, known as “ground plus two” (apartment block). Certain commercial property is also available to foreigners.
Is there a minimum amount I need to invest to obtain residency?
500 000USD with grant you residency on the island, however clients can opt for an investment property below the 500 000USD, which doesn’t offer residency but does provide a nice holiday home or passive income should you decide to rent it out your property or put it in a rental pool.
Can I finance my property purchase?
Most financial institutions in Mauritius offer mortgage bonds between 60% and 70% on the value of the property with the balance being funded by the investor and charge around 4.5% interest per annum.
Can I purchase off plan property?
You can, known as the “pay as you build” option, this allows for funds to be paid as your property is being built, you can also obtain residency on a 500 000USD or more purchase before your property is even finished at around 25% payment and signature of the title deed transfer.
Does Mauritius offer any protection in terms of off plan developments?
Due to good government regulations in place your investments are well protected and all funds go to the appointed notary’s trust account and are only dispersed once all documentation is in order.
Can I buy beach front property?
You can, under certain conditions, but must be available to foreign investors and would need to be ground plus two if beach front property.
Who can I speak to about purchasing a property?
We deal directly with the developers on the island and have a various projects at different stages of development which we can introduce you to from turn key fully furnishes built units to brand new properties still being built.
Do you assist in moving funds offshore in and opening of bank accounts in Mauritius?
Yes we do, at very competitive rates and have a forex team in both South African and Mauritius to assist in this regard.
EXPLORE THE VALUE OF
MAURITIUS AS A BUSINESS & INVESTMENT DESTINATION
MAURITIUS IS NOW THE FASTEST GROWING ECONOMY IN AFRICA AND IS RAPIDLY BECOMING A VERY EXCITING INVESTMENT OPPORTUNITY FOR SA INVESTORS LOOKING FOR DIVERSIFICATION AND NEW INVESTMENT OPPORTUNITIES.
► Ranked number one in Africa in leading global indices, Mauritius is widely recognised as one of the best-administered economies on the continent and an ideal environment in which to live, conduct business and invest. This is partly due to low levels of taxation, such as a corporate tax rate of 15%, no inheritance tax and no capital gains tax. Double taxation agreements have been concluded with 44 countries including the UK, France, SA, India and China.
► It scores well on metrics for ease of doing business and for the investment opportunities as well as good returns on property investments. Read more: Why Mauritius is the perfect Plan B
► Mauritius, Ghana, Rwanda, Kenya, Ethiopia and Uganda are expected to have the strongest performing wealth markets in Africa over the next ten years.
► Mauritius is ranked as the happiest country in Africa, at number 57 of the 156 countries that were evaluated. Read more: World Happiness Report
YOUR PROPERTY ADVENTURE STARTS HERE. CONTACT US FOR MORE INFORMATION
Riviere Noire Road, Uniciti, Mauritius
DISCOVER WHAT MAKES
MAURITIUS ONE OF THE
MOST EXCITING PROPERTY INVESTMENT DESTINATIONS
IN THE WORLD
BRENTHURST WEALTH TAKES GREAT PLEASURE IN OFFERING BMW CLIENTS A COMPLIMENTARY:
► 2 nights stay at Azuri Ocean and Golf Village
► 2 nightS at HOLIDAY INN close Mon Trésor Smart City &
► 2 nights at the Beach Club / Preskil Island Resort *
- Please note that accommodation is subject to availability.
- Flights, transfers, meals or any other personal expenses are not included.
- This is an exclusive offer available to Brenthurst Wealth Clients only.
ALLOWS A NON-CITIZEN
TO WORK & LIVE
FOR A PERIOD OF TEN YEARS
THE PERMANENT RESIDENCE PERMIT ALLOWS A NON-CITIZEN TO WORK AND LIVE IN MAURITIUS FOR A PERIOD OF TEN YEA
The following categories are
ELIGIBLE FOR THE PERMANENT RESIDENCE PERMIT.
► An investor who holds a valid Occupation Permit and the aggregate turnover of his company has exceeded 45 million rupees for any consecutive period of 3 years.
► An investor who invests at least USD 500,000 in a qualifying business activity as per list below:
Agro-based industry, Audio-visual, Cinema and Communication, Banking, Construction, Education, Environment-friendly and green energy products, Financial Services, Fisheries and Marine Resources, Freeport, Information Technology, Infrastructure, Insurance, Leisure, Manufacturing, Marina development, Tourism and Warehousing, Initial Public Offerings.
► A self-employed who holds an Occupation Permit and where the annual income exceeded MUR 3 million for three consecutive years.
► A professional having a valid Occupation or a Work Permit and whose monthly basic salary exceeded MUR 150,000 for three consecutive years immediately preceding the application.
► A retired non-citizen who has held a Residence Permit for three years and has transferred USD 40,000 annually to his account in a local bank during each of these three years.