The Mauritius Economy Reopens

Mauritius has had impressive political and social stability since the nation achieved independence in 1968. Current and past democratic leaders have all demonstrated their commitment to a market economy that fosters entrepreneurship and foreign investment. With an annual growth averaging approximately 6% over the past decade, the country is currently ranked first in Africa and 13th worldwide on the World Bank Ease of Doing Business Report 2020, which is up from 20th position in 2019.

Other noteworthy advantages of doing business in Mauritius include that the island is ranked first in Africa for being the most peaceful country with a flexible, bilingual (English/French) and skilled workforce, with preferential market access to Africa, Europe and the USA.

Mauritius has been fortunate enough to experience one of the highest economic growth rates in sub-Saharan countries over the past three decades. It shifted from a predominantly sugar cane economy to a diversified and sophisticated service economy across tourism, finance, trade, property and communication sectors.

Mauritius is increasingly recognised as one of the foremost investment destinations on the African continent, presenting a sound environment both politically and economically. Mauritius has reopened its economy and is receiving recognition for its prompt and organized response to Covid-19 with the majority of residents having been vaccinated.

The Business Exchange Mauritius has reached 100% occupancy, with a waiting list of over 20 new tenants, for the latest phase of its development at 1 Cybercity Mauritius, Tower A.

The Business Exchange Mauritius (TBE), in partnership with Maxcity Properties, a well-established property developer in Mauritius, recently launched an exciting opportunity offering aspiring South African investors the unique chance to own offshore property in Mauritius, a Dollar-based country.

With occupancy at 100%, comprising major international brands such as Samsung, Broll, Expedia and NBA, buyers can expect net returns before tax on their investments of up to 9% from as early as Year 2.

At a very accessible price point, investors will be able to purchase their sectional title serviced offices from $36 500. All units will form part of a rental pool lease agreement, and investors will receive Net Rentals paid in US Dollars. The sum is dependent on the size of the property they own (calculated according to square meterage).

David Seinker, CEO of TBE says “With this offering, TBE is targeting aspiring investors interested in growing their assets in a booming offshore economy. Furthermore, it offers a hedge against the Rand in a location set to see stable and predictable growth in the near future.”

Further information is available by viewing the Investor Brochure available for download below.

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