Mauritius has seen a surge in retirees, with the number of newcomers nearly tripling, driven in part by a significant influx from South Africa, one of the island nation’s top three source countries, Cape {town} Etc reports.
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According to BusinessTech, Mauritius has long been a favourite for South African holidaymakers due to its proximity, making travel easy and affordable.
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The island’s cultural diversity, stunning beaches, luxury resorts, and visa-free access make it an ideal and accessible getaway.
Mauritius’s safety, stunning landscapes, and warm hospitality make it a top choice for South African holidaymakers seeking relaxation and adventure.
The Economic Development Board of Mauritius (EDB) reports that South Africans increasingly view Mauritius as more than a holiday destination.
Many are now choosing the island’s sunny shores for their retirement, drawn by its affordability, safety and strong healthcare system, which continue to attract retirees globally.
The number of retirees in Mauritius surged by over 150% from 2007 to 2023, with France, South Africa and the UK leading the way.
Estimates suggest that 4 000 to 10 000 South Africans now reside on the island.
This trend has been fuelled by the Mauritian government’s residency and investment schemes.
South Africans are drawn to Mauritius for retirement due to its favourable tax regime, which includes no capital gains, inheritance or wealth taxes – ideal for preserving savings and enjoying a high quality of life.
Mauritius offers a strong, stable economy and ranks among the safest countries in Africa, with political stability and a robust legal system.
This security, coupled with favourable residency options like the renewable 10-year Retired Residence Permit, makes the island an attractive retirement choice, especially for South Africans.
Mauritius attracts retirees with various residency options, including long-stay tourist, retiree, and remote work permits, along with residency by investment.
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Its proximity to South Africa, direct flights and English-speaking community make integration easier for South Africans.
In 2024, amid South Africa’s economic challenges and crime rates, many are viewing Mauritius as a secure retirement haven.
International agents and developers report unprecedented growth in property sales, with Brits, Europeans, and South Africans leading the trend.
Since 2014, the Bank of Mauritius has recorded 63.3 billion rupees (R25 billion) in foreign investment in high-end property, accounting for 40% of the nation’s international investment inflow.
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