![\"Wealthy](\"https:\/\/www.investmentimmigration.com\/wp-content\/uploads\/2017\/01\/Wealthy-Individuals-Eye-Mauritius-As-Latest-Residence-Through-Investment-Option.jpg\")
<\/p>\nPermanent residence in Mauritius is becoming popular with retirees and foreign investors alike, thanks to the island\u2019s low tax rate.<\/p>\n
A residency permit is available on the tropical island in return for a minimum investment of $500,000, with tax rates of 15 per cent a major draw for those wishing to set up businesses.<\/p>\n
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Provided the investor retains a property on the island, they can apply for a Mauritian passport after five years as a resident.<\/p>\n
The lack of property tax, inheritance tax or capital gains tax is making Mauritius a highly attractive destination for investors, according to experts on the island.<\/p>\n
The World Economic Forum\u2019s Global Competitiveness Index ranks the island\u2019s economy as the most competitive in Sub-Saharan Africa, beating South Africa.<\/p>\n
Indeed, South Africans are key candidates for the investor program, as well as wealthy individuals from all over the world.<\/p>\n
The highly sought-after lifestyle the island has the offer means investors are flocking there, meaning the economy is thriving. Properties have been sold for anywhere up to $5 million.<\/p>\n
Key developments are now springing up on the island, driven by these investment dollars.<\/p>\n
These include business centres, plus multiple hotels and five star resorts.<\/p>\n
As Mauritius develops, it will only become a more and more attractive option for the world\u2019s high net worth individuals.<\/p>\n
It is another example of how an investment immigration program is helping an economy to thrive, to the benefit of local people and investors alike.<\/p>\n
Further reading<\/b><\/p>\n Permanent residence in Mauritius is becoming popular with retirees and foreign investors alike, thanks to the island\u2019s low tax rate. A residency permit is available on the tropical island in return for a minimum investment of $500,000, with tax rates of 15 per cent a major draw for those wishing to set up businesses. Provided…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"footnotes":"","_jetpack_memberships_contains_paid_content":false,"jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[454],"tags":[],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p8hnWW-2fE","jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/posts\/8658"}],"collection":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/comments?post=8658"}],"version-history":[{"count":0,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/posts\/8658\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/media?parent=8658"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/categories?post=8658"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/tags?post=8658"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n