Mauritius is classed as the best country in Africa for those looking towards a great retirement.
This is the result of a study effected by the Global Retirement Index 2015, initiated and compiled by the Natixis Global Management. Indeed, with the economic crisis, many are seriously considering finding a little piece of paradise.
Some trying to avoid exorbitant taxation by electing it as their primary residence...others retreating from an unhealthy social and political ambiance. Indeed, apart from 15% taxation on the basic general spectrum of income, there is no capital gains tax, no exit tax on transfer of funds, no tax on property, no inheritance tax and no tax on retirement income.
Mauritius is the second home for many expatriates from around the world, the majority being French and South Africans.
The French know it as a superb holiday resort where French is the current spoken language, the country being an ancient French colony. The South Africans find it a safer place to live, bring up children and retire to, where English is still the official language and the climate is politically stable.
Retiring and living in Mauritius can offer a host of advantages...a turquoise lagoon with sunshine all year round, a friendly people of diverse ethnic background with a young outward-looking population and workforce, a better quality of life at lower cost, a good health service, a growing choice of international primary, secondary and tertiary institutions, plus all the amenities necessary for Occidental comfort.
Overall, a proven politically & socially stable and growing economy with fiscal incentives and great potential for entrepreneurs bringing in new ideas to this increasingly consumer driven society .
