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More South Africans target a move to Mauritius with new visa rules

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A growing number of South Africans are looking to move to Mauritius as the island has relaxed visa and travel restrictions.

The government of Mauritius has made it easier to obtain a residency visa by lowering the required property investment to $375,000 – from the previous $500,000, Séverine Dalais-Pietersen, a marketing executive for Seeff Mauritius, was quoted as telling South Africa’s Business Tech.

It also introduced a long-stay visa, known as a Premium Travel Visa, which “allows you to stay for a year subject to proving your income from outside sources.”

“A long-stay visa is a great option for those looking to get a feel for the island before committing to a permanent move,” she was quoted as saying.

Mauritius’ borders will start a phased reopening from 15 July to 30 September for vaccinated persons, and the island hopes to open fully for vaccinated people from 1 October.

Mauritius is an attractive offshore property destination for various reasons and many South Africans own property and are retiring to the island. The property developments available for foreign buyers are top class and often offer great rental returns. The island is easily accessible with short-hop flights of four to six hours from South Africa. The island offers a quality lifestyle, excellent climate and modern amenities, all within easy reach.”

Dalais-Pietersen said that there are also a number of tax benefits to moving.

“If you spend more than 183-days here annually, you can be tax domiciled and benefit from the non-double taxation agreement with South Africa and other tax options including a fixed rate of 15% tax for individuals and companies, and no tax on capital gains, dividends, profits or inheritance.”

Read full article on BusinessTech

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