Accounting for more than Rs 4 billion of foreign direct investments in Mauritius from January to September 2021, Europe remains our historical investment partner.
In this context, an important economic partner of Mauritius is the French market, which is developing strong in the country as the authorities aim at attracting more French investors, mostly for real estate. Of the total Rs 5,5 billion of foreign direct investments in the real estate sector from January to September 2021, Rs 2,1 billion come from France.
As Mauritius ranks first in the World Bank’s ease of doing business list for Africa, more than 200 french companies are settled on the island and it is noteworthy that the french have the biggest share of the expat market, being the main investors in real estate on the island.
The light taxation system of the island is definitely an advantage for investors with a tax rate of 15% imposed on personal income, VAT and corporate profits. Furthermore, there are no taxes imposed on properties in Mauritius.
Another interesting point, while acquiring a property in Mauritius, the French buyer won’t be subject to Wealth Tax.