If you are considering investing in Mauritius, you should take a close look at Grand-Bay. It deserves your full attention and for several good reasons. Villa Vie gives you a virtual tour of this sea-side township in the north of the country.
Grand Bay has always been famous among tourists in love with Mauritius, as well as those wishing to settle in Mauritius. With its pleasant atmosphere and sunny climate every day of the year, this city is the flagship of the north of the island offering many activities for adults and children. Grand Bay is home to a nursery school as well as a primary school. Let us not forget the international schools nearby (Northfield and the École du Nord, in the Mapou region).
In terms of health services, you can choose between the hospitals ‘Clinique C Care Grand BaY La Croisette’ or ‘La Clinique du Nord’ as well as many general practitioners and specialists who operate in the area. A wide range of sports is also very accessible in the Grand BaY region with the Mont Choisy Golf Club as well as numerous sports clubs such as the RM Club, Ennoia La Croisette, and Urban sport. The roads are modern and the shops and services are easily accessible through public transportation.
The Independent Republic of the Indian Ocean, Mauritius, is economically and socially very dynamic. It has moved from once relying exclusively on the sugar cane industry to now a diverse economy built upon a range of innovative and forward-looking sectors such as nutraceuticals, ocean economy, etc. It is gradually becoming an investment platform connected with Africa.
Leading the foreign investment sectors is real estate, which contributed Rs. 48.3 billion to the country’s GDP in 2019. Moreover, the construction industry, with 40 billion rupees of development projects, remains reliable despite the current circumstances.
The cost of living in Mauritius is 37% cheaper than in France. As for the local purchasing power, it is even lower, negative 39% relative to the Hexagon. To give you an idea of the exchange rate, excluding the period of the health crisis and the pandemic, 1 euro has a value of about 40 rupees. As an indicator, a litre of gasoline costs about Rs46.
Several measures for foreign investors have been put in place as part of the new 2020-2021 budget:
In Mauritius, the fiscal year begins on July 1 and ends on June 30.
Foreign investors can acquire the status of “tax resident” if they choose to expatriate for more than 183 days (conditional) of the tax year on the island.
Mauritius has signed a non-double taxation agreement with 46 countries, resulting in a list of tax policy benefits for foreigners, including:
The official real estate programs available in Mauritius are as follows:
Villa Vie answers all your questions if you are interested in real estate in Grand Baie, Mauritius! Don’t hesitate to contact us for further information!
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