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<\/a><\/p>\nThe country has built up a solid financial sector, specialising in offshore banking, fund management and private banking. When combined with an appealing tax regime, secure ownership rights, and a relatively low barrier to gaining permanent residency, it’s no surprise over 4,600 high net worth individuals (people with a net worth over US$1 million) have made it ‘home’.<\/p>\n
According to New World Wealth, these are the key draw factors for Mauritius:<\/p>\n
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- Strong economic growth;<\/li>\n
- A thriving and growing financial services sector;<\/li>\n
- Well-developed banking system and stock exchange;<\/li>\n
- Strong FDI inflows;<\/li>\n
- Secure ownership rights – the most critical component of successful wealth creation globally;<\/li>\n
- Low taxes – company and personal income tax rates are only 15%, with no inheritance or capital gains tax;<\/li>\n
- Residents are free to invest overseas with no exchange controls;<\/li>\n
- Low level of government regulation in the local business sector ;<\/li>\n
- Automatic permanent residency if one buys a US$500,000+ home in the country;<\/li>\n
- Ease of doing business in the country;<\/li>\n
- Low jobless rate and low inflation rate;<\/li>\n
- Developed, free media;<\/li>\n
- Safety – deemed the safest country in Africa;<\/li>\n
- Good schools;<\/li>\n
- Rising commercial and residential property prices; and<\/li>\n
- Access to first class food and produce.<\/li>\n<\/ul>\n
According to New World Wealth, Mauritius’ policies are very similar to other thriving business destinations like Singapore – while its government intervention and ownership rights stand in contrast to places like South Africa and Zimbabwe.<\/p>\n
It’s location also makes it an attractive destination to feed further into Africa.<\/p>\n