Mauritius is shaking off its holiday destination image to emerge as an increasingly popular investment destination for South Africans, wooing investors with attractive tax regimes, a stable economy and low barriers to entry for both businesses and individuals.
Apart from being the highest ranked economy in Sub-Saharan Africa on the World Bank’s ‘Ease of Doing Business’ Index, Mauritius is attracting growing numbers of local investors through sheer geographical proximity and the ability to “follow their money”, according to Richard Neal, Director at independent fiduciary consultancy Sovereign Trust (SA) Ltd.
“Mauritius offers one of the most progressive investment environments on the continent – so much so that it’s known as the ‘Singapore of Africa’,” said Neal. “For many South Africans, though, it’s not just a relatively safe way to move into the world of offshore investing, but an increasingly attractive back-up plan for people who are worried about the current levels of political and economic instability in South Africa.”
Read full article here.