Have you considered emigrating to Mauritius?
Until relatively recently, the vast majority of South African expats were headed to countries like Australia, New Zealand, Canada, the UK and the States. Research has shown that Mauritius is quickly catching up as one of the most popularinvestment options for South Africans of all ages and backgrounds.
With cheap flights to Mauritius from Cape Town and Johannesburg throughout the year, Mauritius has been a favourite holiday destination for South Africans for decades. Consistent with new data, it would seem that the romance of the holiday, the idyllic landscapes and beautiful beaches, the welcoming culture and slower pace of life soon translate into “maybe we should buy a property here” and even, “maybe we should move here”.
New World Wealth’s data has shown that South Africans have been the second most prominent foreign property investors on the island, snapping up over 370 properties throughout the last decade – second only to France. Here’s why you might want to consider doing the same.
The Crime Rate is Low
According to Numbeo, the world’s largest database of user contributed data about cities and countries worldwide, crime in Mauritius is much lower than in South Africa. The website has rated the crime index of Mauritius as ‘moderate’, whereas South Africa has been rated as ‘high’. Mauritius’ safety index is 53.19, and South Africa’s is 23.37 (the higher the safety index, the better).
If improved safety and peace of mind is one of the reasons why you’re thinking of leaving SA, then Mauritius is a promising alternative to consider.
It’s Pretty Much Home Away from Home
As mentioned, there are countless Saffers already living in Mauritius. But that’s not the only reason why you’re bound to feel at home there. The island country also boasts many of the same brands, restaurants and stores as back at home. Think Woolies, DStv and more.
While Mauritius is known for being both a French and English speaking nation, the good news is that literally almost everyone can speak and understand the latter, so there’s nolanguage barrier to worry about either.
The climate is also similar to back home- if you hail from Durban that is, as Mauritius can be humid. The country doesn’t experience a particularly cold winter though, but we’re pretty sure that nobody will miss those ice-cold temperatures anyway! The island boasts a mild tropical maritime climate, with an average temperature of 25 degrees Celsius in summer and 20 degrees Celsius in winter. It sees most of its rainfall in February and March, with October being the driest month of the year.
Mauritius goes one step further to make investment in its country even more alluring than simply being home away from home.Non-Mauritian citizens investing in a residential property of $500 000 or more, are eligible for residency permits for the whole family. If you and your family live there long enough and there will also be the chance to apply for full citizenship.
It’s an Island Paradise
If the hustle and bustle of a city that never sleeps is no longer your thing, then perhaps you really should consider the laidback lifestyle of an island paradise.
According to Mark Twain, ‘Mauritius was made first and then heaven, heaven being copied after Mauritius’. Once you have spent some time there, you’ll realise that he was probably right! Crystal clear waters, white-washed beaches and waterfalls galore – it’s a sight for sore South African eyes.
It Offers Endless Benefits to South African Investors
Keen to invest in a business or property? Mauritius has made it endlessly tempting to do so! Currently, South African investors can enjoy double taxation agreements (i.e. where you won’t have to pay tax on an investment in Mauritius and South Africa), a personal income tax rate that is capped at 15%, as well as ZERO inheritance tax and capital gains tax.
Furthermore, Mauritius has also been ranked number 25 out of 190 countries on the World Bank’s Ease of Doing Business Index in 2018, thus also making it the best country in which to conduct business effortlessly in all of Africa.
The Economy is Thriving
We don’t need to tell you about the state of the South African economy – you hear enough of that elsewhere! What we can tell you is that the economy of Mauritius is thriving and showing improvements year upon year. The most significant contributors to the Island’s economyinclude its sugarcane exports, tourism and its ever-expanding textile industry. Oh, and let’s not forget about foreign investors!
If you have officially made the decision to emigrate, or you need to take a few more holidays to make the final decision, you’ll be needing to book a few cheap flights to Mauritius to check out the locale. Domestic Flights South Africa can help you find the cheapest flights available from South Africa on board SAA, Mauritius Airlines and even British Airways.
Saving your hard-earned SA Rand on cheap flights means that you’ll have more money on hand to make a life for yourself and your family once you touch down on local soil. Enjoy your ever-lasting holiday in paradise!