The country has been on a drive to attract major foreign investment, and it is paying off.
Mauritius is rapidly emerging as one of Africa’s big economic success stories, with its growth rate expected to increase by 75% in the coming decade, says Dani van Vuuren, business development consultant at Sovereign Trust.
The country has lower tax rates than South Africa, a broad network of double taxation avoidance agreements, and tax incentives offered to foreign investors. It has been on a drive to attract major foreign investment, and it is paying off. The area’s rapid economic growth is making it a haven for high-net-worth individuals: they come for the business opportunities and stay for the idyllic island lifestyle, Van Vuuren said.
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