"The Republic of Mauritius recently announced plans which might sound familiar to Americans: A 'Golden Visa' scheme allowing high net worth individuals to relocate to the island in the Indian Ocean."
"The nation's economic development board has received multiple inquiries from foreigners who have expressed interest to relocate with their families to Mauritius."
"To respond to this demand, we are introducing a golden visa to better meet the requirements of high-net-worth individuals wishing to relocate to Mauritius."
"The country has no inheritance or capital gains tax and a flat 15% income tax rate, making it attractive for those from high-tax jurisdictions."
Mauritius has announced a 'Golden Visa' scheme for high net worth individuals, requiring a minimum investment of $1 million within 12 months. The country offers no inheritance or capital gains tax and a flat 15% income tax rate, making it attractive for those from high-tax jurisdictions. Prime Minister Navinchandra Ramgoolam noted increased interest from foreigners wishing to relocate, with plans to grant around 100 visas annually to meet this demand.
Read at Fortune
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