Mauritius offers several tax advantages to investors, as well as a simple, transparent, and internationally compliant tax framework according to OECD standards. Are you planning to purchase real estate there? Our experts will present you with the benefits of Mauritius' tax system for your investment.
Mauritius: Taxation Favorable to Investments
Renowned for its postcard-perfect landscapes, Mauritius also owes its success to its particularly attractive tax system and the strength of its financial institutions. These characteristics attract numerous investors (including foreigners), entrepreneurs, and retirees who wish to take advantage of the island's benefits.
Tax Advantages of Mauritius
- 15% tax on corporate profits;
- 15% tax on personal income (withheld at source);
- 15% tax rate for self-employed individuals and liberal professions;
- No capital gains tax or dividend tax;
- No taxation on capital gains or import-export activities;
- No restrictions on repatriation of profits, dividends, and capital;
- No property tax or wealth tax;
- Duty exemption for all goods imported through the free port;
- Tax deduction - income tax reduction based on the number of dependents in the household.
In addition to these highly attractive measures, Mauritius has a tax system that is easy to understand and compliant with international OECD standards – in fact, Mauritius was recently classified by the OECD as one of the "most virtuous" countries in terms of taxation.
It is worth noting that Mauritius has signed a "non-double taxation" agreement with France, allowing for the taxation of real estate income in the territory where the property is located, thus preventing double taxation of income earned.
How Does Taxation Work in Mauritius?
In order to benefit from Mauritius' tax advantages, you must be a tax resident. Two conditions allow you to obtain this status:
- Having Mauritian nationality;
- Hold a residence permit allowing you to stay freely on the territory for more than 6 months.
Mauritius has implemented several residence permits. These include:
- The Investor Occupation Permit for foreign nationals wishing to invest in Mauritius' economy;
- The permit related to the Property Development Scheme (PDS), obtained through the purchase of real estate valued at more than $375,000. To become a Mauritian tax resident with this type of investment, the property owner must live on the island for more than 183 days per year.
The Fiscal Year in Mauritius
In Mauritius, the fiscal year begins on July 1st and ends on June 30th of the following year.
Michaël Zingraf Real Estate offers exceptional properties in the most beautiful areas of Mauritius. Explore our exclusive offers online and contact our experts for assistance with your real estate purchase/investment.