Tax Benefits Attract Foreign Investors to Mauritius Real Estate

Category: Buying a Property

Mauritius' Alluring Tax Incentives

Foreign investors have discovered the attractive island nation of Mauritius in the Indian Ocean. Several factors, including the country's secure economy, stable government, and breathtaking scenery, have contributed to the recent uptick in tourism. But the attractive tax benefits and incentives are one of the most compelling reasons for foreign investors to consider Mauritius. This article will examine these benefits in depth and provide an explanation for why Mauritius has attracted so much foreign investment in the real estate market.

Beneficial Tax Policies


To entice investors from abroad, Mauritius has established a tax system that is among the most favourable in the world. The following are some of the most notable aspects of this tax system:

Low Tax Rates for Corporations


At 15%, Mauritius' corporate tax rate is among the lowest in the world. As a result, this makes it more attractive for foreign investors to set up shop in Mauritius and put money into the country's real estate market.

Gains are tax-free


Capital gains are not taxed in Mauritius, which is a major perk of the country's tax system. This means that foreign investors will not have to pay any capital gains taxes when they eventually sell their property.

Conventions to Prevent Double Taxation


The United States, the United Kingdom, France, Germany, and India are just some of the countries with which Mauritius has signed Double Taxation Avoidance Agreements (DTAAs). By preventing double taxation on the same income, these agreements help investors save money.

Incentives to Invest in Real Estate


Mauritius's attractive tax regime is just one of many incentives for foreigners looking to invest in the country's real estate market. The following are examples of such incentives:

The Totally Bundled Resort Concept (IRS)


The IRS is an official program that encourages overseas buyers of high-end real estate on the island of Mauritius. Foreigners who invest at least $375,000 are eligible to buy freehold property under this program. In exchange, they are granted a residency visa that allows them to work and live in the island nation of Mauritius.

Real Estate Scheme (RES)


The RES is another government program that opens up the real estate market to foreign investors. The RES is attractive to a wider range of international investors than the IRS because there is no minimum investment requirement.

Citizenship and Permanent Residency


Investors from outside the United States who put in at least US$375,000 through the IRS or RES schemes can apply for permanent residency in the United States. In addition, after five years of ownership, if they meet other requirements, they may be able to apply for Mauritian citizenship.

Conclusion


Inviting tax breaks and other incentives have made Mauritius a hotspot for overseas property buyers. For foreign investors seeking to diversify their portfolios and enjoy the benefits of living in a tropical paradise, Mauritius presents a compelling case due to its low corporate tax rates, absence of capital gains tax, and various investment schemes.

FAQs


What is Mauritius's tax rate for corporations?
Fact: Mauritius has a 15% corporate tax rate.

Does Mauritius impose a tax on investment profits?
No, property appreciation is not subject to a capital gains tax in Mauritius.

What exactly are the IRS and RES (Real Estate Scheme)?
Both the IRS and RES are government agencies.

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Finance Knowledge

Property Finder Mauritius

2023-04-28 15:49:12

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