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(230) 208 5500 | [email protected] | www.afrasiabank.com | Mauritius – South Africa - Zimbabwe
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Introducing Real Estate Mauritius (REM) Property Investment Guide 2013. This is our first issue and we welcome you and all our partners.
REM is your Real Estate Sales &
Marketing Agency in Mauritius, a Staub Marketing Ltd product which was launched June 2012 to help returning residents, foreigners and international investors find the very best property investment and related products and services available in Mauritius.
If you are looking to invest in Mauritius, purchase or rent a property, please visit our Real Estate Mauritius website or contact one of our partners.
After building the online portal we are now pleased to launch a printed version of Real Estate Mauritius. It made sense to create a Property Investment Guide where local and international investors can view the very best products and services available to them. Inside this guide you will find only the TOP 3 Real Estate Agencies, Property Developers, IRS/RES/IHS, Banks, Interior Designers, Homeware, Hardware and services providers for your next property investment in Mauritius.
Investors and those looking to relocate to Mauritius can view property for sale and newly developed investment properties in Mauritius such as: IRS, RES and IHS. We have a real estate portfolio outlining the various schemes available to you.
Property developments in Mauritius offer the potential for residency and tax advantages for non-Mauritian nationals. Mauritius has the advantage of allowing properties to be used as holiday homes for holiday rental. Within the guide you will find a detailed map with the geographical location of each our partners’ offices and retail outlets. You can also refer to the index section for more information.
Our first interview is with Mr Sacha Bouic from Elite Residences. Sacha is one the most experienced IRS/RES/IHS consultant in Mauritius since the schemes started in 2008. We also welcome Mr Mark O’Sullivan from Island Premier Traders FX who can help with all your foreign exchange, money transfer and international payment requirements. IPTFX was launched in 2009 and is one of the fastest growing foreign exchange dealers in the Indian Ocean. IPTFX have significant experience in providing payment solutions for property investment in Mauritius. Our last interview with Mr Julien Faliu of Expat Blog, gives us an overall overview about living in Mauritius from the founder of the most active expatriates community on the world wide web.
We hope you enjoy this first edition of the Real Estate Mauritius Property Investment Guide.
Bienvenue à l’ile Maurice et a très bientôt,
Sebastien STAUB Founder of Real-Estate-Mauritius.com
Real Estate MauritiusRent - Buy - Holiday Rentals
A product of Staub Marketing Ltd • Director : Sebastien Staub • Design & Web development : Mataora (www.mataora.com) • Real Estate Mauritius ( Address : Hermitage, Ave King George, Floreal, Phone no: (230) 696 09 68 | 794 64 37, Email: [email protected], Website: www.real-estate.mauritius.com ) • Printed by T-Printers.Ltd (230) 233 25 00 •
Disclaimer • All information and advice provided within the Real Estate Mauritius (REM) website, Property Investment Guide (PIG) is provided for general information purposes only and does not constitute a legal contract between REM and any person or entity. • If you rely on the information on this Site you are responsible for ensuring by direct contact with REM, its accuracy, currency or completeness. • The REM web site and PIG are subject to change without prior notice. Although every reasonable effort is made to present current and accurate information, REM makes no guarantees of any kind and accepts no responsibilities for errors within the content. • Any links to external Web sites or email addresses provided within the REM web site and PIG are provided as a courtesy. They should not be construed as an endorsement by REM web site and PIG of the content or views of these sites, nor do they imply a relationship with the owner of that link. • All information and advice provided within the Real Estate Mauritius (REM) website, Property Investment Guide (PIG) is provided for general information purposes only and does not constitute a legal contract between REM and any person or entity. • If you rely on the information on this Site you are responsible for ensuring by direct contact with REM, its accuracy, currency or completeness. • The REM web site and PIG are subject to change without prior notice. Although every reasonable effort is made to present current and accurate information, REM makes no guarantees of any kind and accepts no responsibilities for errors within the content.
Editorial issue No.1
Mont Choisy Generic AD JN 1829 FINALoutline V1 19-12-12.indd 1 12/19/12 11:17 AM
Mauritius is the main island, from which the country derives its name. Of volcanic origin, it’s almost entirely surrounded by sheltering coral reefs. With hundreds of amazing passes with perfect waves, lefts and rights, short and long barrels and deep to hollow tubes, it’s a
surfer’s paradise and with numerous, vast la-goons to boot, there’s great sailing, diving and fishing diversity, too. There‘s no shortage of top spots, swells, la-goons or wind, but there has been a distinct lack of information about all these things
About MauritiusNestled in the heart of the Indian Ocean, south of Africa and east of Mada-gascar, this dreamy isle sits ideally between the Tropic of Capricorn and the equator, providing a perfect tropical climate all year round.
- until now! This comprehensive guide ena-bles you to experience the range of stunning spots on our beautiful island for yourself. Take the swells and gentle sea breezes, add the impressive Indian Ocean climate, great coral reefs, large lagoons and a handful of quality breaks and you have the perfect surf-ing, windsurfing and kitesurfing destination.
The Unique Mauritian Culture is a blend of Indian, Chinese and Creole sweetness and spices with an influencing European History, in other words amazing local cuisine. Get a taste for the magical mélange of influences with a warm Dol Pourie, whether it’s on a street corner in Port Louis, from a delicious hotel buffet or à la carte at a well-reputed ta-ble d‘hôte in Chamarel. You‘ll find specialties everywhere you go, all worth a try. Shop-til-
you-drop at Flacq‘s bustling open-air mar-ket, a vibrant and colorful marketplace full of fresh local products at great value. The island’s home to countless bars and restau-rants. Check out the iconic Banana Bar in Grand Bay, which hosts both local and inter-national artists, from jazz to soul. In the mood for dancing? The numerous nightclubs offer a great atmosphere where you can boogie the night away to the sounds of House, Dance and RnB music played by top DJs.
The island boasts some of the world‘s most beautiful private and public beaches, fringed by swaying palms and lapped by crystal-clear turquoise waters. Combine that with the magnificent, exotic sunsets and tropi-cal vegetation of the various game reserves, national parks, private hunting estates and colonial houses such as St Aubin and Eureka where honeymooners can make their dreams come true and you‘ve got a winning formula. Golf fan? Mauritius is fast earning a reputa-tion for being home to some of the world‘s most amazing golf courses. Its fantastic archi-tectural designs by big names such as Ernie Els and Bernhand Langer offer avid golfers a challenging game. But whatever your handi-cap, you‘ll find somewhere to suit your needs, whether you‘re aiming for a hole in one at one of the top-class hotels or dodging the water hazards on the new Ile Aux Cerfs, you‘ll love putting your way through the stunning settings that are simply unbeatable. The Mauritius Open PGA attracts international and local professionals and many a celebrity has been spotted practicing their swing on the island‘s championship courses.
Grand Bay is the place to head for catamaran cruises and sailing boats. Blue Bay and Black River offer amazing trips to nearby islands such as Coin De Mire, Ile Plate, Ile au Gabriel and Ile aux Bennitier. Famous spots for snor-keling and scuba diving include the famous Silver Star wreck and the Cathedral underwa-ter cave. Mauritius and Rodrigues offer some of the world‘s best deep-sea fishing with
many experienced skippers and fishing boat owners, such as Tamarin local fishing legend, Jerome Moonsamy, aka Mr. Bull. Deep sea fishing is possible off the East, North and West coasts and the best operators are based in Black River and Trou aux Biches. The best months are the summer months (October to May.) Mr. Dominique Theveneau offers fly-fishing and casting outings on reefs for in-dividuals or small groups. Not forgetting the Mauritius Aquarium, home to 100‘s of tropi-cal aquatic life and fish.
If the sea doesn‘t float your boat, there are nu-merous land-based pursuits to participate in. Choose from inland adventure tours, sight-seeing in four-wheeled drives, on mountain bikes or hiking (Yann De Maroussem from Ya-naventures is a great hiking enthusiast who knows his way around the South), along with a wealth of other activities. The adventurous among you should head to Yemen Nature Park for great quad bike riding and abseiling close to the 3 Mamelles Mountains. The game reserve of Domaine Du Chasseur offers fabu-lous panoramic views and sunsets, while the magnificent Black River Gorges National Park is home to wonderful wildlife, where bird-lovers can spy protected bird species such as
the pink pigeon, kestrels and rare forest trees. Photographers will love snapping away at the Vanilla Reserve des Mascareignes, home to Nile Crocodiles.
If gardening‘s your thing, the Pamplemousse Garden is one of the oldest tropical gardens in the world, bursting with exotic flowers and tropical trees. If architecture‘s your kick, you won‘t be disappointed by the 1830 Eureka
Tel. 496 81 38
House or St Aubin Colonial House, The Ruins of Ballaclava or Martello Tower, illustrating intriguing history from early settlers. History buffs shouldn‘t miss the modern sugarcane exhibition of L‘Aventure Du Sucre and the Salt
Pans of Tamarin, for fascinating facts about the slavery trade. Animal lovers can spend the day with wild stags, tigers and monkeys at Casela Bird Park, home to 140 bird species from five other continents. Set in 25 hectares of tropical vegetation, consisting of a wide variety of palm trees, bamboos, eucalyptus and colorful exotic flowers such as the hibis-cus and orchids, you‘ll enjoy a gorgeously-perfumed day.
So, where do we all get this amazing history and mixed heritage from? Well, it all started back in the 10th century when the Arab navi-gators, already familiar with Mauritius, gave it the name of Dina Arobi but were not interest-
ed in settling. It was only rediscovered by the Portuguese in 1505, followed by the Dutch, who were believed to have caused the extinc-tion of the famous Dodo which is now the em-blem of Mauritius. Then came the French, who lost out to the British, before independence was attained in 1968. Since then, Mauritius has enjoyed a stable democracy with regular free elections (every five years). Along with a posi-tive human rights record, the country has at-tracted considerable foreign investment and has earned one of Africa’s highest per capita incomes. Due to poor weather in the last cou-ple of years, the declining sugar prices have slowed economic growth, leading to some protests over standards of living in the Creole community, but tourism, textile and offshore investments are the other major economic contributors and Mauritius is one of the few countries which has been resilient throughout the global recession.
Invest in Mauritius with Real Estate Mauri-tius – contact us by mail [email protected] or call us +230 794 6437
“the country has attracted con-siderable foreign investment and has earned one of Africa’s highest per capita incomes”
A Vendre /For sale- CM/A33 – Rs 12.5M
Route Royale, Pointe Aux CanonniersTel: (230) 263 00 78
En résidence RES à 50 mètres de la mer, 3 appartements haut de gamme de 125m2 chacun, comprenant 2 c à c avec sdbs attenantes, salon, s à m, piscine et jardin communs.
CAP MALHEUREUX
Royal Rd, No1 Nautica Complex, Black River, Mauritius Tel: +230 4836262 • Cel: +230 4986978
Fax: +230 4835600 • Email: [email protected]
Royal Rd, Grand Baie, Mauritius Tel / Fax: +230 2637412
Email: [email protected]
www.bpl.mu
SECURITEPISCINE
EQUIPMENTSAQUAGYM
SERVICED’ENTRETIEN
DEUX MAGASINS A VOTRE SERVICE
GRAND BAIE RIVIÈRE NOIRE
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ECLAIRAGEPISCINE
CHAUFFAGEPISCINE
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EQUIPMENTSAQUAGYM
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DEUX MAGASINS A VOTRE SERVICE
GRAND BAIE RIVIÈRE NOIRE
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ECLAIRAGEPISCINE
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Votre specialiste en piscine !Venez visiter nos deux magasinsA Vendre /For sale- CM/A33 – Rs 12.5M
FOR ALL YOUR AIR CONDITIONING INSTALLATION , MAINTENANCE & REPAIRS
MOBILE : 729 33 38 | OFFICE : 233 36 50 | FAX : 233 36 [email protected] - 64 ROYAL GRNW PORT-LOUIS
What is the Integrated Resort Scheme (IRS)? The IRS is basically a project for the construc-tion and sale of luxury villas to foreigners in an idyllic setting near the beautiful coastal region of Mauritius. The acquisition of a villa for residential purposes only by a foreigner under the Scheme will allow the foreigner and his family to reside in Mauritius as long as he holds the property. Villas sold under the scheme form part of a complex of luxury vil-las of international standard and high-class facilities and amenities such as: golf course,
marina and individual swimming pool, nautical and other sport facilities, health and beauty centres, high class restaurants amongst others. Maintenance, waste dispos-al, gardening, security and other household services are also included. The extent of land in respect of each villa shall not exceed 1.25 arpents (0.5276 hectares). The villa can be acquired on the basis of a plan or during the construction phase.
Mauritius is renowned for his hospitality in-dustry with some of the best resort hotels in the world. With this in mind government has attracted foreign investment (FDI) by the in-troduction of several regulations to allow for-eigners to purchase real estate in Mauritius.
The Real Estate Scheme (RES) provides:
The RES, is a new scheme which has been introduced by the Government of Mauritius at beginning of December 2007 to allow the development of any mix of residences for sale mainly to non-citizens on freehold land of an extent of at least 1 arpent but not exceeding 10 hectares. The scheme must offer commercial and/or leisure ameni-ties in addition to the residential compo-nent. Individual sites should not exceed 1.25 arpents. There is no minimum value to purchase in the RES scheme yet on prop-erty which exceeds USD 500000 the buyer will be granted residency status once his purchase is approved by the government.
What is Real Estate Scheme (RES)?
Photo - Lux Island Resort
Real Estate File
Real Estate MauritiusCONTACT US : (230) 794 64 37
FACEBOOK.COM/REALESTATEMAURITIUS
ORDER YOUR ADVERTISINGIN THIS GUIDE
What is Invest Hotel Scheme (IHS)? The Invest Hotel Scheme (IHS) allows hotel developers to finance the development of a hotel project by allowing them to sell villas, suites, rooms or other components that form part of hotel to individual buyers.
The Invest Hotel Scheme (IHS) provides:
for the development of a hotel on either free-
hold or leasehold land of more than 1 hectare where unites, villas, suites or other parts of the hotel can be sold; that the buyers of a unit enters into a lease agreement by which the property is leased back to the seller; and that the unit leased to the seller may be used and occupied by the unit owner or any person on his behalf for a total of not more than 45 days in any period of 12 months.
Photo - Azuri
OWN A PRECIOUS PIECE OF PROPERTY IN PARADISEDesigned by Kelly Hoppen, LUX* has made the 12 Villas at its flagship LUX* Belle Mare hotel available for sale.
To unlock your door to island living, LUX* style, call +230 208 8558/38, email [email protected] or visit luxvillasmauritius.com
STEP INTO THE LIGHT WITH YOUR OWN LUX* VILLA
In December 2011, LUX* Resorts unveiled a
fresh, new approach to island resort holidays
with the launch of their show-stopping
‘Island Light’ concept. Lighter, brighter and
pleasingly original, LUX* Resorts has done
away with the excess baggage to offer a new
kind of luxury with a heightened, more
sensory touch: an authentic celebration of
island living that’s as unconventional as it is
exhilarating. Now, for the first time, LUX* has
made the 12 Villas at its flagship LUX* Belle
Mare available for sale, giving aficionados of
the new luxury the chance to own a precious
piece of paradise.
Perched on the exquisite east coast of
Mauritius, the Villas at LUX* Belle Mare are a
collection of exclusive residences designed
to provide the signature LUX* take on luxury
island living, in one of the most serene
locations in the world. Situated within the
five star LUX* Belle Mare resort, the Villas
merge traditional Mauritian style with
modern interiors designed by world
renowned interior designer, Kelly Hoppen.
Available through the Invest-Hotel Scheme,
the Villas benefit from all the ameneties of
their resort setting. Amazing beach front
location, mouth-watering cuisine, the LUX*
Me spa, private and personalised 24h butler
service, all form part of your villa experience.
A projected net return of rental income at
five percent per annum is also included as
part of the purchase. Along side this, owners
enjoy 45 days a year at their property; with
peace of mind that their villas works for
them as part of the resort-managed rental
programme.
Beyond your front door, Mauritius awaits.
Renowned as a paradise on earth, with
turquoise sea, white sandy beaches and
pristine lagoons, the island’s tropical
landscape provides a natural playground,
whether you’re into hitting the heights with
hiking or diving the coral-fringed submarine
world; or taking on some of the world’s best
golf courses, we have something exquisite
for you.
THE BENEFITS AT A GLANCE:
•Complimentary use of the villa 45 nights a year, or swap at any LUX* resorts
•Minimum guaranteed R.O.I of 5% per annum for the first 10 years
•20% discount on food and beverages during the stay
•Starting from $ 850k for a beachside villa
•US $ loan set up via our partner AfrAsia Bank (up to 60% of the investment)
_LUXVILLAS_ADVERTORIAL.indd 5 11/30/12 4:33 PM
OWN A PRECIOUS PIECE OF PROPERTY IN PARADISEDesigned by Kelly Hoppen, LUX* has made the 12 Villas at its flagship LUX* Belle Mare hotel available for sale.
To unlock your door to island living, LUX* style, call +230 208 8558/38, email [email protected] or visit luxvillasmauritius.com
STEP INTO THE LIGHT WITH YOUR OWN LUX* VILLA
In December 2011, LUX* Resorts unveiled a
fresh, new approach to island resort holidays
with the launch of their show-stopping
‘Island Light’ concept. Lighter, brighter and
pleasingly original, LUX* Resorts has done
away with the excess baggage to offer a new
kind of luxury with a heightened, more
sensory touch: an authentic celebration of
island living that’s as unconventional as it is
exhilarating. Now, for the first time, LUX* has
made the 12 Villas at its flagship LUX* Belle
Mare available for sale, giving aficionados of
the new luxury the chance to own a precious
piece of paradise.
Perched on the exquisite east coast of
Mauritius, the Villas at LUX* Belle Mare are a
collection of exclusive residences designed
to provide the signature LUX* take on luxury
island living, in one of the most serene
locations in the world. Situated within the
five star LUX* Belle Mare resort, the Villas
merge traditional Mauritian style with
modern interiors designed by world
renowned interior designer, Kelly Hoppen.
Available through the Invest-Hotel Scheme,
the Villas benefit from all the ameneties of
their resort setting. Amazing beach front
location, mouth-watering cuisine, the LUX*
Me spa, private and personalised 24h butler
service, all form part of your villa experience.
A projected net return of rental income at
five percent per annum is also included as
part of the purchase. Along side this, owners
enjoy 45 days a year at their property; with
peace of mind that their villas works for
them as part of the resort-managed rental
programme.
Beyond your front door, Mauritius awaits.
Renowned as a paradise on earth, with
turquoise sea, white sandy beaches and
pristine lagoons, the island’s tropical
landscape provides a natural playground,
whether you’re into hitting the heights with
hiking or diving the coral-fringed submarine
world; or taking on some of the world’s best
golf courses, we have something exquisite
for you.
THE BENEFITS AT A GLANCE:
•Complimentary use of the villa 45 nights a year, or swap at any LUX* resorts
•Minimum guaranteed R.O.I of 5% per annum for the first 10 years
•20% discount on food and beverages during the stay
•Starting from $ 850k for a beachside villa
•US $ loan set up via our partner AfrAsia Bank (up to 60% of the investment)
_LUXVILLAS_ADVERTORIAL.indd 5 11/30/12 4:33 PM
Mauritius
1. Afraisia - Banking
2. Aircond365Ltd - Installation - Repairs - Maintenance
3. Albert Trading – Homeware / Lights
4. Ailleurs et Demeures – Homeware / Furniture
5. Azuri - IRS
6. Blue Bay Properties - East Coast Real Estate
7. BPL – International – Pool Maintenance
8. Cuisinnella – Modern Kitchen
9. DeLaHaye Interiors – Interior Designer
10. Elite Residences – 1st Interview IRS/RES/IHS Expert
11. Expat Blog – Interview Expats Living in Mauritius
12. Falcon Outdoor Kitchens – The BBQ experience
13. Hestia Real Agent – West Coast Real Estate Agent
14. Island Premier FX Traders Ltd – 2nd Interview Forex Exchange
15. L’Avenue – High End Floreal Apartments
16. Le Meritt Elipsis - Luxury Residential Units
17. Les Terrace Marina - RES
18. Les Villas De St Felix -RES
19. Lux Island Resort – IHS
20. MCL Immobilier – North Real Estate Agent
21. Meubles Des Iles – Homeware / Furniture
22. Mont Choisy Shopping Centre - Grand Bay
23. Ruisseau Créoles - Black River
24. Safari Lodge - RES
25. Schmidt – High End Kitchen
INDEX – LIST OF PARTNERS A-Z
Curepipe
Bagatelle (Moka)
Mahebourg
St Felix
Le Morne
Port Louis
Pamplemousses
Grand Baie
Pereybere
Flic en Flac
Black River
Trou d’Eau Douce
How did you get in the Real Estate Business?(Smile) it was not planned at all. After 15 years in Sales & Market-ing in the FMCG business, I want-ed a new challenge in an emerg-ing sector. I was called in for an interview to join Playground which was the Sales & Marketing arm for the Anahita IRS and I was accepted as sales executive. This is where it all began.
Why did you select to become an IRS/RES/IHS consultant?When I felt the first signs of the economic down turn in 2008, I decided that it was time to move on. With the rich experience in this sector, I felt that there was a niche to explore. So, I set up my company, Elite Residences which is a “one stop shop” solution for investors considering purchasing real estate in Mauritius. My portfolio consists of world class IRS, RES and IHS properties and projects. My role is to advise potential investor as which is the best project suited for their lifestyle needs and requirements. I then guide them through all the legal processes as their facilitator.
Why are foreigners investing in IRS –RES- IHS projects?Well, it all depends on why you are investing; there are really two main reasons why you would consider investing. One; being
for holiday usage and the other for relocation. IRS/ IHS projects tend to attract more the holiday buyers and RES more those who are seeking to relocate in Mauri-tius more permanently.
Why foreigners should consid-er investing in Mauritius?Besides the fiscal and political advantages, I think that the life-style element that is very impor-tant when living here. When you see what is happening in many countries we have to consider us lucky to be living in such a great and peaceful country. There are many business opportunities; Mauritius is developing very fast in the financial, real estate and ITC sectors. Our key geographi-cal location plays an important role for those who are doing business across Europe - Africa - India - Asia. And we have an educated mutli-cultural bi-lin-gual population which makes it easier for those who only speaks one language.
What is the best investment property on the Island and why?It all depends on budget and how you plan to use your resi-dence. There are projects offer-ing rental pools on programs where you can get recurrent rev-enue with short term rentals. In terms of capital appreciate there is more to gain for properties on the coast as only 2% is freehold. Each project has a unique prod-uct offering. It depends where you want to live, how far from the main cities. We have many great projects to offer our clients and it all comes down to their needs again.
What is the added value in contacting you and the team at Elite Residences? As an independent consultant, I am totally unbiased for any of
the projects. My role is to be the investor’s trusted advisor from the start of the process to the fi-nal transaction. Given that I work with most of the projects, I will guide the investor in his decision process at no extra cost. I do give my personal opinion as per their choice of lifestyle and daily re-quirements. Should the investor decide to invest, I will walk him through the entire process. My services go even beyond the real estate sphere. I connect them with the right legal, and financial advisors and can even arrange an interior designer for their villa should they want some person-alized touch to their new prop-erty investment. These are some services I offer, just to name a few examples. I do lay much em-phasis on the service element and I am always prepared to go that extra mile to show my cli-ents that I care for them. Service is key in this business.
Which element do you enjoy most about your job?I really enjoy the human contact, meeting new people (buyers and sellers) and even though it can be very emotional. I like the fact that I open new horizons to an investor and offer a portfolio of opportunities to those who are seeking a new home. And of course making a sale always put a smile on my face. I regret that I had not had the opportunity to come into this line of work ear-lier in my career.
Any last words to our readers? I wish to thank you for reading my interview and visiting my website. I look forward in receiv-ing your enquiries and please do refer where you saw this adver-tisement in your email/phones calls. Simply refer Real Estate Mauritius (REM). Have a great year this 2013, it wasn’t the End of the World after all.
Interview
Elite Residences - Sacha Bouic
Elite Residences Ltd1st Floor, l'Antiquaire BldCorner Emile Sauzier/Virgile Naz St,Curepipe,Mauritius.
Mob: (230) 423 0340TTel: (230) 698 5000Fax: (230) 698 5000Email: [email protected]: bouicswebsite : www.eliteresidences-mauritius.com
Your Mauritius Luxury Investment AdvisorBuying property in a foreign country can be tricky and if you go directly to a project you might have seen they will do everything to sell themselves to you. It takes time to go around and see the various projects and whilst on vacation you are more stressed than relaxed.
Your IRS - RES - IHS expert
DES
IGN
BY
MA
TAO
RA.C
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INTERNATIONAL PAYMENTSMAKE YOUR MONEY GO FURTHER
Island Premier Traders FX are the Indian Oceans leading international payments spe-cialist. Headquartered in Mauritius with the largest non-bank dealing floor in the region. Our treasury team can save you money and time when it comes to making or re-ceiving international payments.
• InvestingIRS/RES• RepatriatingSalaries• PropertyTransactions• GlobalBusinessPayments
We constantly provide superior rates of exchange and a swift delivery of
funds.You will also benefit from
• DedicatedAccountManager• DailyMarketUpdates
10th Floor, Tower 1, NeXTeracom Cybercity Ebene, Mauritius Tel: (+230) 468 1139/40/41 | Fax: (+230) 468 1138 | W: www.iptfx.com
Island Premier Traders FX LTD is licensed as a foreign exchange dealer by the Bank of Mauritius to carry out foreign exchange business in accordance with section 14 of the banking act 2004
iptfx mag portrait.indd 1 12/14/2012 10:23:11 AM
Tell us more about Island Premier and its services.When you talk about Mauritius the image one conjures up is of idyllic sun kissed beaches, honeymooners and tourists. While this still is very much the image Mauritius likes to portray, what many people do not realise is that Mauritius is also a significant interna-tional financial centre (IFC ).Due to its stable political situation and trusted regulatory environment Mauritius in the past 10 years has created a vibrant offshore sector structuring double tax agree-ments with over 19 countries allowing global businesses to head-quarter in Mauritius and take advantage of operating in a low tax jurisdiction.The growth has also seen global banks such as Barclays ,HSBC, also choose Mauritius as their headquarters for the region and the ex-plosive growth of Africa has seen Mauritius position itself as “The Gateway to Africa”, something very much in evidence as the conti-nent looks to grow in the next 15 years.
The government has also have created the IRS/RES scheme to al-low foreigners to purchase property and also take advantage of residency and low tax incentives. This is allowing entrepreneurs to use the island as a base for their global busineees.The opening of the new airport will bring much needed flight capacity and new destinations to connect to and the ideal time zone between Eu-rope and Asia means Mauritius really is a great location from which to transact global businesses and structure investments. When you look compare the situation in Europe which for many years will struggle to get anything like a normal economic enviroment,and even in the US where unemployment is at his-torical all time high and interest rates at an all time low, the flow of global investment capital is having to look towards Africa as the path to growth in the next 5 years. Mauritius is expected to grow its economy in the region of 4.2 % in 2013 with the only real threat continues to be its historic trade links with a depressed european economy.Mauritius has proved it can change from an export lead economy dependent on sugar and textiles to a credible services lead fi-nancial centre and adapt to the changing needs of a fast moving global economy.
Mark O’SullivanCEOIsland Premier Groupwww.ipgml.com
Interview
Island Premier -Mark O’Sullivan
‘‘Island Premier Traders FX Ltd islicensed as a foreign exchange
dealer by the Bank of Mauritius”
Expat blog: the valuable information tool for investors in MauritiusLooking for investment oppor-tunities in Mauritius? Wonder-ing where to find useful info to help you in your project? Expat blog is the place to get informa-tion and benefit from the unique experience of those who already settled in Mauritius. Meet Julien Faliu, the founder of expat-blog.com.
What’s Expat blog?Expat blog is the exchange net-work dedicated to expats and life abroad. The website was created to help expats whether they would like to go abroad or they are already settled. Expat blog offers them a place to find unique information based on sharing experiences with other people in the same situation.
What kind of information do you find on Expat blog? On expat-blog.com, you will find all the information you need to help you in your expatriation project, from the beginning to your daily life in your new coun-try. We help people at each stage of their expatriation: before they leave, once they arrive and when they go back home.The information available cov-ers all the aspects of expat life: formalities, housing, job, health, education… People will find all they need for their expat day-to-day life.
How many members do you have?Expat blog has 580 000 mem-bers from all over the world. Mauritius is one of the most ac-tive destinations on the website, with more than 7 500 members
living or wishing to live in the country.
How Expat blog can be useful to investors and potential in-vestors in Mauritius?As Expat blog is a valuable source of information, investors and potential investors will find the information they need to help them in their project: re-quirements to buy a property, formalities, business opportuni-ties… It will also help them to get a more precise idea of how is life in Mauritius and therefore consider all the aspects of the country before deciding to in-vest here.As the website is participative, they can share their ideas or ask questions to the other members. And for the ones deciding to settle there, Expat blog will also help them to meet people and
get in touch with other investors and expatriates. Join Expat blog on
www.expat-blog.com!
Interview
Expat Blog - Mr. Julien Faliu
“share your expat experience - the living abroad website, by expats, for expats”
Would you like to invest in Mauritius?Expat blog is the exchange network designed for people living or wishing to live abroad. It is the place to get information and benefit from the unique experience of those who already settled in Mauritius.
Find all the information you need for your investment project in Mauritius!
Join us on expat-blog.com
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www.expat-blog.com
From private banking and wealth structuring to investment advice and property finance, AfrAsia Bank delivers a tailored banking proposition crafted for high net worth clients whether for the development or purchase of Integrated Resort Schemes (IRS) and Real Estate Schemes (RES).
(230) 208 5500 | [email protected] | www.afrasiabank.com | Mauritius – South Africa - Zimbabwe
Mauritius from a different perspectiveYour ultimate holiday destination is also Africa’s foremost International Financial Centre.
Private Banking & Wealth Management Corporate & Investemt Banking International Banking
Awarded ‘Best Private Bank for Super Affluent, Mauritius 2012’
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