AfriAsia Bank and New World Wealth reveal a report on the Global Wealth Migration Review which shows the ‘rise of Mauritius as a global wealth hub’ over the last 10 years. From 2007 to 2017, Mauritius showed 195% wealth growth, one of the top three best-performing wealth markets.
When you purchase one of the modern townhouses at Harbourage, on Mauritius’ west coast, you will benefit from the lifestyle of a thriving country and economy.
The report shares that trends for global wealth is expected to rise by 50% over the next decade. One of the fastest-growing wealth markets expected to see continued growth is Mauritius. As a result of the safety, ease of doing business and low taxes (compared to other African continents), the 10-year forecast report sees projected wealth growth of up to 150%.
You could set up your own business in the Uniciti, Smart City that Harbourage is located at, in the Cascavelle Shopping Centre the near SPARC sporting facility or one of the leading universities or hospitals. You could also, simply see the purchase as an investment and earn rental in dollars.
The stats predict further improvement. The AfriAsia and New World Wealth report reveals some of the elements that help create wealth growth; of which Mauritius ticks the boxes. They also point to the ideal family lifestyle. This includes:
Strong ownership rights
The property market in Mauritius is attractive due to the fact that individuals have property ownership rights. Foreign nationals can own property outright and have the same ownership rights as local residents, making the market more appealing to investors.
Resilient and stable economy
Mauritius’ economy has been steadily growing over the years, with a diversification of sectors including finance, tourism, and manufacturing. The country’s strong economy provides a stable environment for investment.
A well-developed banking system
Mauritius has a well-developed banking system, with a range of domestic and international banks operating in the country. This provides investors with a reliable and secure environment to invest their money.
Independent media
The presence of independent media is crucial in creating an environment of transparency and accountability. Mauritius has a strong and independent media, which provides a level of transparency in business dealings and government operations.
Low-level of government tampering in businesses
A low level of government interference in business operations is seen as a positive factor in creating a conducive environment for wealth growth. Mauritius has a relatively low level of government interference in business operations, allowing for a greater level of flexibility and innovation.
Low income and company taxes
Low taxes on income and companies are an attractive feature for investors. Mauritius has a relatively low tax regime, which makes it an attractive destination for businesses and high net worth individuals.
Ease of investment
Mauritius has a relatively easy process for investment, with a range of government incentives and initiatives aimed at attracting foreign investment. This includes initiatives such as the PDS and the IRS, which provide a streamlined process for investing in property in the country.
High migration of wealthy, high net worth individuals
The migration of wealthy, high net worth individuals is seen as a positive factor in creating a conducive environment for wealth growth. Mauritius has seen a significant increase in the number of high net worth individuals migrating to the country in recent years, which is a testament to the attractiveness of the country’s investment environment.
Mauritius proves year-on-year that it is the best-performing African continent from business and property development to financial and technology.