WHY INVEST IN MAURICE TRADE LOCAL?
Investor, economic operator, are you looking for a profitable business area in a paradise country? Would you like to go into real estate? Here is an attractive business opportunity with an attractive tax economy that you must seize in Mauritius. Find out why investing in commercial premises can be profitable.
The real estate market in Mauritius
A favorable area to covet, Mauritius requires huge potential especially in real estate. What makes this market a profitable circuit is the flexibility of the state's taxation. There are many tax benefits to this sector.
The treaty agreement
With more than 43 African and European countries, the Mauritian State has signed a tax convention. It is thanks to this agreement that all foreign investors benefit greatly from conditions favourable to real estate income, earnings and wealth in Mauritius. Article 6 of the Convention states: « income derived by a French resident from immovable property situated in Mauritius may be taxed in Mauritius » Thus a Frenchman will only be taxed at 15% of his income even though the property acquired could be used for profit. You agree with your heart that compared to France, it is indeed a tax favor! One of the advantages of this market compared to other countries is the consequent reduction in its taxes, which favours economic activities and provides peace and tranquillity to these economic and commercial actors.
Economic accessibility
All rights are given to foreigners, by the Economic Development Board (EDB), to be able to buy, rent and use buildings as they see fit. In other words, they can live there or set up a business, even if they have not yet received government approval. « occupation permitted ». However, it should be noted that only buildings or buildings of two levels and worth at least $500,000 benefit from this advantage. Also, when you buy a villa in Mauritius, for example, you don't have to limit the size of your villa. However, to qualify as a permanent resident, your property must exceed $500,000 a priori. This legal status asset comes from the Property Development Scheme (PDS) that has existed for four years.
Investment in new or built?
In both cases, the investment is undoubtedly profitable. The choice lies with the investor who can only decide according to his preferences, social class and financial power.
Benefits of the new
With the various regimes real estate investmentThere is no doubt about the acquisition of the new property. Among the many tax advantages that Mauritius offers you, you have for example a reduction of 2% to 3% of your notary fees on the value of your property compared to 5% to 7% for an old property. In addition you have the possibility to reduce your daily expenses by installing economical appliances, all of which are designed according to your choices and tastes.
Benefits of the building
It is clear that not everyone has the same purchasing power. So everyone invests up to their means and for the same objective which is the maximization of profit. What is more, the building in Mauritius is within reach of any stock exchange and is more located in the city centre. One of these benefits is that you are already taking possession of your property three months after the purchase. Also, you receive financial support for all renovations.
The extraordinary benefits of investing local Mauritius Island
The icing on the cake of the economic charm of this country is its treaty of non-double taxation. Admit it's a paradise for investors! The government on the side of these economic actors has planned everything for their guarantee of a high level of development. Under this treaty, no foreigner will be taxed his income from Mauritian origin in his country of birth or residence. This country must of course be among the 43 European and African countries that have signed the Treaty. This market is one of the biggest channels of real estate opportunities not to be left in hand, as all priorities are given to investors. Its system is a guarantee of profitability that will hardly lead you to bankruptcy, unless it comes from you, such as mismanagement of your business. Figure that even industrial and business parks are designed and immediately accessible for renting commercial real estate. These parks can be found at Cybercité, at Vivéa in MOKA, at Business Park or in the Grand Bay region at the FrenchHub. The peculiarity of these parks is that they are equipped with the latest generation of equipment and even to ensure the restoration of staff. This is not over so generous, the government is ready to invest its funds in other equipment according to the needs of the firms.
Advice on investing in offices or commercial premises in Mauritius
It is essential to make your financing a better management, otherwise you can go bankrupt. You are recommended to open an account with your foreign title. Of course you have to open on Mauritian territory in one of the banks of the square in just 3 currencies, rupee, euro or dollar. As a result, your assets are secured, make sure your account can be changed to a resident account once you have obtained your licence « occupation permitted ». You must take into account the advantages of your property acquisition location and conduct a market study of your potential competitors.
Areas to be preferred
You will discover in the south of this country the encyclopedia of its origin and its cultural values. It is an enabling environment for real estate investment. The northern part of the country is full of many cultural clothing and has within it the capital which continues to welcome many visitors. It is also a profitable area in real estate thanks to its beautiful view and gastronomy.
One will not end by saying this, Mauritius is the land of wonders, ideal for a real estate investment. Wait for more Make your investments. Subscribe to our page for other profitable horizons.
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