Globe Capitalist / Countries / Mauritius
Strategically positioned in the Indian Ocean, Mauritius offers an unparalleled blend of a business-friendly environment coupled with unrivaled natural beauty. This island nation is renowned not only for its stable economic landscape but also for its mesmerizing beaches, vibrant cultures, and luxurious resorts. Entrepreneurs seeking both profitability and a serene retreat will find Mauritius an inviting destination.
Mauritius, a gem in the Indian Ocean, is a harmonious blend of diverse cultures, rich history, and economic vigor. Over the years, it has evolved into an investment haven for global entrepreneurs, owing to its robust legal framework, transparent financial regulations, and enticing tax incentives. Beyond the business realm, the country mesmerizes with its pristine beaches, lush landscapes, and a mosaic of traditions and festivals. It’s a destination where enterprise meets leisure, offering the best of both worlds.
| Country | Mauritius |
| Population | Approximately 1.27 million (as of 2021) |
| Capital | Port Louis (around 149,000) |
| Main cities | Curepipe (approximately 79,000) Quatre Bornes (approximately 82,000) Vacoas (approximately 110,000) |
| Language | Creole (approximately 86.5%) Bhojpuri (approximately 5.3%) French (approximately 4.1%) |
| Time in Mauritius | GMT+4 |
| Currency | Mauritian rupee (₨, MUR) |
| Religion | Hinduism (approximately 48.5%) Christianity (approximately 32.7%) Islam (approximately 17.3%) |
| Tax regime | 15% |
| VAT | 15% |
| Overage salary | Data unavailable (as of 2021) |
Considering a relocation for work, entrepreneurship, or perhaps retirement? Mauritius might just be the place you’re looking for. Located amidst the turquoise waters of the Indian Ocean, Mauritius is more than just a holiday destination. It’s a flourishing economic hub that welcomes expatriates from around the world. The country’s strategic location between Africa and Asia makes it an ideal gateway for businesses targeting these markets. The government of Mauritius has put in place various measures to encourage foreign investments and businesses. Tax incentives, a diverse economy, and ease of doing business are just a few factors that make Mauritius appealing to entrepreneurs and investors.
For retirees, the serene beaches, tropical climate, and vibrant culture present an idyllic setting. The nation’s multicultural fabric means that one can enjoy a myriad of festivals and cuisines, enriching the overall living experience. Furthermore, Mauritius boasts a well-developed healthcare system, educational institutions of international repute, and modern infrastructure, ensuring a comfortable and fulfilling life for those who choose to call it home. So, whether you’re a budding entrepreneur, a seasoned investor, or someone looking to enjoy a peaceful retirement, Mauritius has something special in store for you.
While Mauritius is often associated with luxury resorts and high-end living, the cost of living is relatively moderate when compared to other countries. However, like any other place, living costs can vary based on location and lifestyle choices. Port Louis, the capital, might be more expensive than the rural areas, especially in terms of accommodation and dining out. Daily essentials like groceries are reasonably priced, and local produce is often cheaper than imported goods. While public transportation is affordable, owning a car can be a significant expense, considering the import duties and taxes.
Mauritius prides itself on its education system, which has seen considerable evolution over the decades. The country offers a mix of public and private institutions, with several schools following the British or French curriculum. Among the renowned institutions, the University of Mauritius and the University of Technology, Mauritius, stand out for their contributions to higher education. International students also find the island nation appealing due to the quality of education combined with the opportunity to live in a tropical paradise.
Mauritius offers a competent healthcare system, encompassing both public and private facilities. Public hospitals provide free medical care to citizens. However, those who can afford often opt for private clinics and hospitals that offer a broader range of services and shorter wait times. Various insurance plans are available, catering to different needs, including those of expatriates. Non-citizens are advised to have a comprehensive health insurance plan to cover potential medical expenses.
Mauritius enjoys a tropical maritime climate. The summer months from November to April are warm and humid, while the period from June to September is relatively cooler and dry.
Mauritius promises a vibrant lifestyle for the younger generation. The island boasts various sports facilities, from golf courses to water sports centers. Nightlife in Mauritius has its own charm, with beach clubs, pubs, and discotheques offering a mix of local and international beats.
Expatriates in Mauritius often prefer areas like Grand Baie, Tamarin, and Flic en Flac for their lively atmospheres, expat communities, and proximity to the beaches. Those looking for a peaceful retreat often opt for the southern parts of the island, which are less commercialized.
As the capital city, Port Louis is the economic and administrative hub of Mauritius. Its strategic location and harbor have historically made it a pivotal point for trade. Today, it is bustling with businesses, shops, and cultural sites, making it popular among those who prefer an urban setting.
Curepipe, located in the central plateau, is known for its cooler climate. It’s a city with a blend of modernity and history, evident in its architecture and places like the Botanical Garden. Many people prefer living here for its serene environment and proximity to both the north and south coasts.
Often referred to as the ‘City of Flowers’, Quatre Bornes is a bustling city known for its weekly market, shopping centers, and vibrant atmosphere. It’s popular among both locals and expatriates for its accessibility and amenities.
Vacoas, one of the oldest towns, is appreciated for its calm and laid-back environment. The presence of several schools, recreational centers, and parks makes it popular among families.
Mauritius is generally considered safe for both residents and tourists. However, like any other place, it’s always advisable to take standard precautions, especially in crowded areas.
For those considering moving to Mauritius, various visa options are available based on the purpose of stay – be it work, business, or retirement. Tourist visas are typically valid for 60 days, while work and residence permits might require additional documentation and verification.
Mauritius does not offer a Citizenship by Investment program. However, long-term residency can be achieved through substantial investment in the country.
Mauritius offers a Premium Visa, valid for a year and renewable, to those willing to make a significant investment in the country. This visa allows non-citizens to live, work, and bring their families to Mauritius.
The real estate market in Mauritius has seen a steady growth, especially with increased interest from foreign investors. Port Louis, being the capital, has the highest real estate prices, with an apartment in the city center costing more than in the suburbs or rural areas. Villas in rural or coastal regions might come with a heftier price tag due to their exclusivity and scenic views. Factors like the country’s stable political environment, growing economy, and schemes allowing non-citizens to purchase property have fueled this growth. While the prices have been on an upward trajectory, they still remain competitive compared to other popular expatriate destinations.
Moving to Mauritius is an attractive proposition for many reasons. The island nation is not only known for its breathtaking natural beauty, azure waters, and tropical landscapes, but also for its stable economy, multicultural fabric, and friendly business environment. Mauritius has also positioned itself as a strategic bridge between Africa and Asia, making it an enticing destination for global entrepreneurs and investors. Add to that the rich cultural tapestry, high standard of living, well-developed infrastructure, and international standard of education and healthcare, and you have an ideal destination for both personal and professional growth.
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Mauritius boasts a diversified economy that encompasses sectors like tourism, finance, textiles, and sugar production. Over the years, the nation has shifted from an agrarian-based economy to a service-oriented one, with the financial sector playing a pivotal role. Information technology, renewable energy, and seafood processing are emerging as promising sectors. The strategic location between Asia and Africa also makes Mauritius a key player in regional trade and business.
Mauritius offers an attractive taxation system designed to promote both local and foreign investments. The country has a flat corporate tax rate of 15%. Additionally, there is no capital gains tax, and dividends are tax-free. Mauritius has also signed double taxation avoidance agreements with numerous countries, which ensures that businesses are not taxed twice on the same income.
The startup scene in Mauritius is burgeoning, thanks to government initiatives and the presence of several incubators and accelerator programs. The Mauritius Research and Innovation Council (MRIC) is one such body that supports startups through funding and mentorship. Moreover, the ease of doing business, coupled with the country’s strategic location, makes it a favorable ground for startups, especially those aiming at African and Asian markets.
Mauritius is known for its business-friendly approach and has streamlined procedures for company formation. The country offers various types of company structures, including Global Business License (GBL) companies, which are primarily designed for foreign investors. Opening a company in Mauritius provides several benefits, such as access to a vast network of double taxation treaties, a skilled workforce, and a transparent legal system. The government has also instituted measures like the Smart City Scheme and Property Development Scheme to encourage foreign investment.
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