To provide affordable rental homes
Tailored for both locals and foreigners, PropertyFinder is a website that can help you:
BANK OF USEFUL INFORMATION
To save you time and hassle, we've accumulated a bank of valuable information about buying property in Mauritius. Our website is a one-stop-shop where you can conveniently find tips about what is available to buy in the country. Our buying guide is designed to essentially hold your hand and walk you through the buying process so you understand it before buying property.
PROPERTY HUNTING IN MAURITIUS
Whether you're looking for a grand villa with a sea view or a sun-kissed apartment, we've got several property options for you to choose from. Our selection includes completed projects that are ready to be moved into or off-plan projects that are in their formative stage. We don't settle for anything less than perfect - collaborating with regional field experts and registered companies.
EDUCATION IN MAURITIUS
The Mauritian ministry is devoted to pinning its country on the world map by prioritizing quality education and human resource development. Global progress and innovation are some of the nation's core objectives, which is why the country is dotted with some excellent educational institutions. The ministry strives to make education and related resources accessible to all.
Learners are equipped with everything they require to excel in their field. They are encouraged to adapt to a rapidly globalized environment, innovate, and make notable contributions to their industry and Mauritian society. There is a booming rise in the country's education to attract foreign residents that want to raise their children in Mauritius. The country is continually building new schools and universities, and is promoting a well-rounded international curriculum.
HEALTH CARE IN MAURITIUS
About 9.8% of the government's total annual expenditure goes to the public healthcare system where Mauritian locals and permanent residents benefit from free medical services. Foreign visitors, however, would need to personally finance their healthcare requirements. Expats are strongly advised to secure health coverage before travelling to the country.
The Ministry of Health and Quality of Life is primarily responsible for the development of a comprehensive health service to meet the needs of the 1.3 million population. Medical cover should be a major priority in order to take advantage of the country's emerging number of hospitals and clinics employing highly-professional doctors and nurses.
PUBLIC SAFETY IN MAURITIUS
While Mauritius is usually described as paradise, there's often trouble in paradise when it comes to petty crime. Prevention is the best remedy for this situation. When visiting bustling tourist destinations like Port Louis, Grand Baie and Flic en Flac, be mindful of your valuables and keep your bag zipped shut and tightly held. Using your hotel safe is practical, but go the extra mile and store handy copies of important documents, including your passport, separately.
Don't let what you've just read alarm you. Mauritius is one of the safest countries in the region, and crime rates have remained flat in the recent years. Like any city, crime cannot be entirely erased - only highly controlled and avoided. Crime in Port Louis, one of the busiest sites in the country, has a lower crime rate than most North American cities of a similar size. The crime rate only decreases from there, in other parts of the island. Violent crimes involving tourists and business travelers are uncommon, and the country's overall crime rate is reassuringly low.
A STRONG ECONOMY FOR ALL
The newly launched Property Development Scheme (PDS) enables foreigners to purchase Mauritian property. When a non-national invests more than 375.000 USD in a villa, they become eligible to apply for a Mauritian passport following five years of property ownership.
Low tax rates of 15% (with no capital gains or inheritance tax) encourages growing your business in an idyllic environment. Picture an endless expanse of ocean or mountains through your office window.
The country enjoys low levels of government regulation which appeals to high net worth individuals. Residents are free to invest overseas with no exchange controls. Mauritius has a well-developed stock exchange and banking system. Conducting business in the country is convenient and free of hassle. In its 2016 edition of Doing Business report, the World Bank ranked Mauritius as the best country in Africa for people looking to start or relocate their business.
Mauritius has much to offer to both tourists and investors. While the country is blessed with scenic white sand beaches, crystalline waters, and luscious greenery; it also boasts a structured economy.
Perks of living in Mauritius
This humble little island in the Indian Ocean is naturally blessed with flawless beaches, sparkling crystalline waters, and an exotic array of flora and fauna. The people are as warm as the country's tropical climate, dishing out delicious coastal cuisine and vibrant cocktails. Given its geographical location and natural beauty, it's got a bustling expat community from all over the globe.
It's not just sunshine and BBQ parties, though. Mauritius also boasts a stable political system, active business environment, modern infrastructure, and a host of up-to-date medical services. The country is rich with opportunities, tailored to encourage property buyers and foreign investors. The real estate market is on the rise, and features a collection of stunningly beautiful projects. You can find a variety of properties suitable for a wide range of budgets - from stylish studio apartments to elaborate villas flaunting glamorous pools and verdant gardens.
Looking to Retire In Mauritius
So, you've fallen in love with the beaches. You can't imagine going back to uninspiring takeaways back home after a taste of fresh Mauritian seafood. And the island's weather has sent you weak in the knees. If you're cooking up a plan to retire in Mauritius, here's some food for thought.
Non-citizens can move to the country either under a residence permit or permanent residence permit. One way of acquiring a residence visa is by investing in property. In order to relocate to Mauritius as a retiree, you must be 50+ years and be able to transfer a minimum of 18,000 USD annually to your local Mauritius bank account. In three years, you should have transferred a total amount of USD 54,000 to your bank account. If you have invested USD 375,000 or above in a property, you are eligible to apply for a residence permit upon signing the deed of sale.
A holder of an Occupation or Residence Permit is eligible to apply for a 20-year Residence Permit provided the following specific conditions are met:
1. Investor: Holds an OP for at least 3 years with:
3. Self-Employed: Holds an OP for at least 3 years with an annual business income of at least MUR 3 million for the 3 consecutive years.
4. Retired Non-Citizen: Holds an RP for at least 3 years with transfer of at least USD 54,000 or its equivalent in freely convertible foreign currency for the period of 3 years.
Qualifying activities: 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.
Existing OP/RP holders eligibilty for PRP
1. A non-citizen holding OP/RP for at least 3 years and whose OP/RP is valid on 1 September 2020 is eligible for a 20-year PRP. The eligibility conditions will be that of OP/RP criteria for renewal.
Discover the beauty of the destination Mauritius through our brochure with a selection of the most beautiful real estate projects accessible to foreigners, more than just a lifestyle in a paradise setting, a new life in one of the most beautiful place on earth. We offer a real guide on where to invest, the international private schools available on the Island, the best medical insurances and all the partners that will accompany you through all the process of buying a property in Mauritius.