For many years, to retire in Mauritius has been appealing to many. Not only does it offer the relaxing lifestyle you seek, the beautiful beaches and translucent waters you desire and views of mountainous ranges as far as the eye can see – it also offers an array of advantages to best support the quality of life you seek.
The Mauritian government has made a point of attracting foreign investment by placing a favourable and conducive environment for these foreign investments.
This is done by reducing or eliminating certain taxes.
You are not taxable on the funds being transferred to Mauritius.
There is also absence of taxation on wealth and the absence of inheritance tax.
A Retired Non-Citizen should provide information on other residences that he/she may have in other jurisdictions, including tax residences.
This information will be shared with the Mauritian Tax Authority to be in line with the prevailing Common Reporting Standard (CRS) adopted by the Republic of Mauritius.
In this tax system, residents benefit from a lower tax rate. Personal and corporate income tax are set at 15% and there are no dividend taxes.
But what really makes it worth the while for a retiree, is the absence of taxation on wealth and the absence of inheritance tax.
Retirees can enjoy a magnificent standard of living in Mauritius. Moreover, it is easy to receive French retirement pensions in Mauritius.
Since 2002, foreigners can become owners of real estate in Mauritius through different schemes.
With an investment of at least $ 375,000 in one of these real estate programs, you will be granted a Permanent Residence Permit.
Accompanying its economic development came the modernization of infrastructures in the health sector. It is also home to many experienced local and expatriate doctors. The proximity to Reunion Island (French department) allows a quick evacuation for critical health care. Reunion Island has a similar level of healthcare to that of France. It is important, however, for expatriates to make sure that they have sufficient health cover as the private health sector can be pricey.
Mauritius has the most diversified cultural mix of the Indian Ocean. Multi-ethnic, it brings together a number of exotic cultures and traditions that attract many foreigners.
Mauritius is known as the “Melting Pot”. This is reflected in particular by the diversity of Mauritian cuisine as well
The island of Mauritius “Comes to life” in many ways by the local and diverse festivals that are celebrated.
The island has excellent restaurants and supermarkets. There is also a wide variety of sports and leisure activities to keep you busy. To add, the climate and quality of life in Mauritius is like no other.