Mauritius - Fastest Growing Wealth Market in Africa
Mauritius’ attractiveness as a destination for luxury real estate in the last decade has been pivotal for the country’s growth as a wealth market. Indeed, Mauritius remains an obvious choice for those who seek to relocate to a paradise island, yet connected to the world with a world-class financial services sector, excellent air connectivity, internet connectivity, and mature industries.
Mauritius has the highest wealth per capita in Africa amounting to USD 34 500 as of 31st December 2021, followed by South Africa and Namibia, according to the latest Africa Wealth Report published by Henley & Partners, during the end of April 2022.
Various factors contributed to this bright performance, starting with the Ease of Doing Business, where Mauritius ranks 1st in Africa and 13th worldwide in the World Bank’s 2020 Doing Business Report. Foreigners benefit from low taxes, which encourages business creation and appeals to retirees. It is noteworthy that there is no inheritance tax or capital gains tax in Mauritius.
Not least, Mauritius was recently rated by New World Wealth as the safest country in Africa, and the island is witnessing a strong millionaire growth, with a large number of wealthy individuals relocating to Mauritius over the past decade to work and live in Mauritius.
Do you want to be part of this glorious adventure while enjoying the year-round summer from the comfort of your luxury property in Mauritius ?
