Investing in Mauritius Mr Derrick Mace
Agenda Key highlights of Mauritius and its economy Living and working in Mauritius Latest real-estate developments Grand Baie North coast of Mauritius Black River West coast of Mauritius
Mauritius
Mauritius Economy Key Highlights
Mauritius Other Highlights Board of Investments (BOI) Sole mandate is to promote and facilitate investment into the country www.investmauritius.com Creation of Freeport zones to attract manufacturing and assembly No of highly rated private schools that follow internationally recognised curricula Education as a cornerstone of the Mauritian Vision British and International GCSE A and O levels International Baccalaureate Mauritius Air Corridor actively growing travel links between Mauritius, Africa and Asia, to stimulate the growth of tourism
Living in Mauritius
Population: 1.3 million Expats: 7,000 Map of Mauritius
Living in Mauritius Indices Global Peace Index 1 of 10 countries in the world free of conflict 1st on the Ibrahim Index of African Governance 32 nd in the world for ease of doing business Education Private international schools accessible to expats Grand Baie: International Preparatory school, Lighthouse, Northfields High School. Blackriver: Westcoast International Primary school, Paul and Virginie Tertiary education Middlesex University new campus being built University of Savoy planned Aberystwyth University in Wales, Glasgow Caledonian University Open university of Mauritius
Living in Mauritius Relocating pets and household items Established protocols for quarantine periods depending on country of departure Quarantine period is now 1 month from South Africa (previously 3 months) One duty free container of household goods per permanent residency Easy for South African s to settle English widely spoken Close to South Africa Infrastructure such as shopping centers, grocers, restuarants widely available Vida e Caffee, Food Lovers market, Shoprite, Truworths, Ocean Basket, Mugg and Bean, Nando s and Spur to name only a few Expat community
Permanent Residency Through Real-Estate All property purchased for USD500,000 or more within developments zoned for foreigners (IRS, RES,PDS) affords the purchaser and their immediate family Mauritius permanent residency. Includes children under the age of 24, unless dependent on parents Permanent residency is linked to the property
Permanent Residency Through Real-Estate
Real-Estate on the Island IRS Integrated Resort Scheme RES Real Estate Scheme PDS Property Development Scheme (replaced IRS and RES in June 2015) IHS Invest Hotel Scheme
Mauritius Property Market Segmented into 3 activities: Sales to Foreigners (IRS,RES,PDS & GROUND + 2, COMMERCIAL) Sales to Mauritius citizens Rentals Short, medium and long term Foreigners can purchase property within designated developments called Property Development Schemes (PDS), Integrated Resort Schemes (IRS) and Real Estate Scheme(RES) Foreigners can now also purchase in local apartment developments which are more than 3 levels (G+2). No permanent residency but a 6 month multi-entry visa valid for 5 years renewal Commercial now open to Foreigners office, retail and warehousing
Mauritius Property Market for Foreigners IRS, RES AND PDS Luxury Segment Good capital growth prospects. Mont Choisy Le Parc has seen capital growth of 60% in 4 years. (Get in early and buy location) Active rental market. Yields from +-3.5% - 6%
Who is purchasing? 1. Families relocating - business people relocating their business and families to the island. 2. Families looking for an affordable permanent residency option 3. Mature couples looking at future retirement with a view to relocate / semigrate 4. Pure Investment property capital growth and rentable apartments 5. Families looking for holiday homes
and Why? USD500,000 investment in real-estate affords permanent residency Externalisation of funds and ZAR hedge Hard currency real-estate market Low tax jurisdiction and attractive business incentives Location as a gateway into Africa Lower cost of living when compared to Europe Safe and secure lifestyle and warm all year round weather Close proximity to South Africa
Selection of the 4 best real-estate options in Grand Baie and Black River: - Prime location - good investment potential (yields and capital growth) - Experienced developers
BLACK RIVER WEST COAST Popular location for foreigners Lifestyle with walking and mountain biking being popular, as well as various sea activities Limited land supply restricts expansion Derrick Mace
Akasha Villas Superb location in Tamarin Excellent value for freestanding villas
Akasha Village precinct 3 bedroom units - From EUR 620,000 Behind their beautiful lava walls and generous vegetation, the Village villas naturally blend themselves into the surrounds.
Akasha Mountain Villas 5 bedroom units - From EUR1.45 million These refined and elegant double-storey villas blend naturally in their environment. Space is key; the open and airy living room as well as inner gardens reinforce the communion with nature.
Akasha Hameau Villas 4 bedroom units - From EUR 750 000 Comprising 3 and 4 bedrooms, the living spaces combine beauty with practicality. The living room stays fully open on the large covered terrace and kiosk and invites to the charming inside-outside concept of Mauritian living.
Akasha - Corniche Villas 5 bedroom units - From EUR2.2 million Comprising 3 and 4 bedrooms, the living spaces combine beauty with practicality. The living room stays fully open on the large covered terrace and kiosk and invites to the charming inside-outside concept of Mauritian living.
Asmara Beachfront Residences 3 and 4 bedroom units - From EUR?????????????,000
Asmara Beachfront Residences 3 and 4 bedroom units - From EUR?????????????,000 Comprising 3 and 4 bedrooms, the living spaces combine beauty with practicality. The living room stays fully open on the large covered terrace and kiosk and invites to the charming inside-outside concept of Mauritian living.
Asmara Beachfront Residences 3 and 4 bedroom units - From EUR?????????????,000 Comprising 3 and 4 bedrooms, the living spaces combine beauty with practicality. The living room stays fully open on the large covered terrace and kiosk and invites to the charming inside-outside concept of Mauritian living.
Asmara Beachfront Residences 3 and 4 bedroom units - From EUR?????????????,000 Comprising 3 and 4 bedrooms, the living spaces combine beauty with practicality. The living room stays fully open on the large covered terrace and kiosk and invites to the charming inside-outside concept of Mauritian living.
Asmara Beachfront Residences
Asmara Beachfront Residences Zoned under the Ground plus 2 Priced from Eur595,000 6 month multi-entry visa for 5 years, renewable Rare option for investors looking for beachfront as a foreigner Beach club with large pool and restaurant Strong short-term rental product Newest suburb of Black River with new infrastructure
GRAND BAIE NORTH COAST Largest and most popular coastal town in Mauritius Tremendous growth over the past 5 years. Infrastructure - shopping centres, restaurants, luxury international brands, grocers, medical care. Jonathan Tagg
CASUARINA RESORT THE RESIDENCES Stefan Antoni Architecture - 18 hole Peter Matkovich championship golf course - Opposite Mont Choisy Beach (one the best beaches in Mauritius) - 180 units sold - construction commenced in Oct 2015 - Delivery of first units mid 2017 - Experienced Developer with successful track record Phase 3 launching soon Apartments from $724 000 Villas from $1 100 000
SERENITY VILLAS Stefan Antoni Architecture - 18 hole Peter Matkovich championship golf course - Opposite Mont Choisy Beach (one the best beaches in Mauritius) - 180 units sold - construction commenced in Oct 2015 - Delivery of first units mid 2017 - Experienced Developer with successful track record Phase 3 launching soon Apartments from $724 000 Villas from $1 100 000
SERENITY VILLAS
SERENITY VILLAS
SERENITY VILLAS
SERENITY VILLAS
SERENITY VILLAS
Email: Mauritius@pamgolding.co.za Q & A