For high-net-worth individuals considering a move to Mauritius for permanent residency, it’s more a question of why not?Port Louis, the capital of Mauritius. Picture: SUPPLIED/PAM GOLDING/iSTOCK
“Towards the end of last year and again this year, South Africans looking for offshore investment opportunities and a more stable political and economic climate are showing increased interest in Mauritius,” says Richard Haller, director for Pam Golding Properties Mauritius. “Total wealth held in Africa is expected to rise by 35% over the next 10 years, reaching $3-trillion by 2028. We expect Mauritius, Ghana, Rwanda, Kenya, Ethiopia and Uganda to be the strongest performing wealth markets in Africa during this period.”
Mauritius is an ocean state with one of the largest exclusive economic zones in the world. Picture: SUPPLIED/PAM GOLDING/iSTOCKThe Knight Frank Wealth Report 2019 includes results from an Attitudes Survey in which they polled 600 private bankers and wealth advisers who together manage more than $3-trillion of wealth for ultra high-net-worth clients.
“Leveraging on its geographic strategic location and impressive economic trajectory, Mauritius has successfully positioned itself as a regional hub,” writes the Economic Development Board Mauritius. Mauritius has a well-developed banking system and one of the best stock exchanges in Africa. What’s more, wealthy individuals living in Mauritius can invest overseas without exchange controls, which encourages them to use the country as a business and investment hub.
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