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Mauritius seafront offer for foreign investors

Sep 8, 2017 | Property Investment

After recent changes in the Mauritian government’s property investment legislation that provides more opportunities for foreigners to buy real estate, Seeff has launched a seafront development in Balaclava, a 15-minute drive from the popular northern village of Grand Baie. Ocadia is named after the turtle endemic to the Indian Ocean, and in reference to the Turtle Bay Sanctuary within which the development is located.

The 16 apartments and four penthouses on Le Goulet beach feature architecture that incorporates organic and mineral materials such as wood, glass and stone that enhance the natural light. The apartments are priced from R16m while penthouses are R27.5m. All offer panoramic sea views. Investing in real estate in Mauritius is an attractive proposition for South Africans keen to reroute their business to the island. Among the incentives are a harmonised tax rate of 15%, tax-free dividends and no capital gains tax. Details available from jacques.nell@seeff.com

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