International Property Portfolio Summer 2016 / 2017 | Page 38
A model of stability and economic prosperity , Mauritius – rated the best place to conduct business in Africa , has for the past 10 years consistently achieved an economic growth of between 3.0 % and 5.9 %.
With company and personal tax rates at 15 %, no inheritance or capital gains tax , solid ownership rights , a strong banking system , growing stock market and a low level of government regulation in the local business sector , the migration of wealth to Mauritius and the number of US millionaires living on the island , has increased by 340 % since 2000 .
The Integrated Resort Scheme , Real Estate Scheme and Property Development Scheme has enabled foreigners and their dependents to buy property and gain permanent Mauritian residency with a minimum spend of USD 500 000 .
A model of stability and economic prosperity , Mauritius – rated the best place to conduct business in Africa , has for the past 10 years consistently achieved an economic growth of between 3.0 % and 5.9 %.
With company and personal tax rates at 15 %, no inheritance or capital gains tax , solid ownership rights , a strong banking system , growing stock market and a low level of government regulation in the local business sector , the migration of wealth to Mauritius and the number of US millionaires living on the island , has increased by 340 % since 2000 .
The Integrated Resort Scheme , Real Estate Scheme and Property Development Scheme has enabled foreigners and their dependents to buy property and gain permanent Mauritian residency with a minimum spend of USD 500 000 .