Are you looking for property for sale in Mauritius for foreigners? Despite the gloomy international business climate, Mauritius continues to attract more and more investors and residents. Why is this happening? Is it your dream to invest in property for sale?
Property for Sale in Mauritius for Foreigners
We may find a clue by looking closely at what the country has to offer and the changes it has implemented to attract FDI.
The Mauritius RES, IRS, and IHS schemes have proven popular with foreigners who have staked a claim to a piece of this paradise island.
It could be argued that the many tourists who have visited Mauritius over the years have created “pent up” demand while foreigners could not purchase (until the end of 2005). Hence, the government’s change in legislation allowed foreigners to buy there was somewhat of a rush.
Around 2008, the global financial system imploded, causing us to go into a worldwide recession. Mauritius has undoubtedly been affected by it but has still shown impressive growth despite it. Due to this, other countries feel the strain when it comes to their property markets.
Mauritius has remained relatively buoyant both commercially and residentially. Specifically, the manufacturing and agricultural industries, particularly textiles and sugar, have been negatively affected by the competitiveness of eastern markets and price drops in sugar.
The government responded quickly and boldly by finding other revenue streams for FDI. In addition to low tax rates, a stable business and political environment, allowing foreign investors to invest in property and relaxing VISA restrictions.
The Long Beach, part of the Sun Resorts Ltd hotel group, which will resume operations at the end of the year, will be the first hotel to sell hotel rooms under the Hotel Invest Scheme (IHS).
Mauritians and foreigners will be able to book 90 of the 255 rooms of the Long Beach, located on the Coco Beach Hotel Belle Mare site. A 2.5 billion rupee investment has been made in the hotel towards Mauritius property for sale beachfront.
In Africa, this place is considered easy to get to. In addition to having the second cleanest air globally, it is also the world of business.
Due to its central location between Africa and the East, natural beauty, and sound macro-and microeconomic policies, Mauritius has become the main talk of the world.
You may want to visit the Board of Investment of Mauritius website to find out more specifics on legislation relating to foreign ownership before deciding whether or not to invest in Mauritius property. It gives you more insight about the best properties in this destination and how you can invest into property for sale in Mauritius for foreigners.