karibi
South African looking for information about Mauritius
Forum posts
81
Contacts
3
About me
South African
Registration: 28 November 2023
Activity
Construction project and moving to Mauritius by Natasha09
Admin - if this is not permitted, please delete and apologies in advance!Hello Forum, I am about to construct my house in Mauritius and will be documenting the good, bad and ugly on my instagram @****I have a lot to unpack as this was project that ...
We are just starting the process. We have previously purchased land and are just engaging an architect. This is our first build in Mauritius but have previously built twice in South Africa.(a) Cost of construction, very depended on final finishes ... Read More
Property acquisition schemes - mortgage by Thenorth77
I'm in the process of figuring out if some of the Residency by property acquisition schemes are an option for me and my family. But, I am curious about the following, if anyone have experience.How bureaucratic is this path. Is it handled by agencies ...
I can make a couple of comments. We recently purchased some residential land, not property. We already had a retirement visa in place, our application visa was straight forward. The offer for the land was made in early September and the process has ... Read More
Mauritius Retirement Visa Deposit: Taxable or Not? by sharmaritachetty
If one has a retirement visa and one deposits the required annual capital amount into a Mauritian bank account, that amount is not taxable in Mauritius because its capital, even though it is used for upkeep in the same way as income. ?
I stand corrected, memory is not so good these days or me being overly optimistic. Corrected schedule for the MRA Web site from 1st July 2025.First Rs 500,000 0%Next Rs 500,000 10%Remainder 20% Read More
Shipping Household Affects from Cape Town to Port Louis
I am trying to understand whether it is sensible to ship used household effects to Mauritius. Can anybody:(a) Provide any insight into approximate costs for a half or a full container.(b) Any challenges with SARS or any other official body out of ... Read More
Personal Recommendations for an Architect
We have recently purchased a plot of land in the North of the island to construct a single level villa.We are looking for any recommendations for a suitable architect, ideally you should have first hand experience of working with them. All feedback ... Read More
Mauritius Retirement Visa Deposit: Taxable or Not? by sharmaritachetty
If one has a retirement visa and one deposits the required annual capital amount into a Mauritian bank account, that amount is not taxable in Mauritius because its capital, even though it is used for upkeep in the same way as income. ?
As others have pointed out it depends on your tax residency. Are you tax resident in Mauritius or South Africa and what the double taxation agreement states? If you are tax resident in Mauritius and you deposit capital but subsequently use it for ... Read More
Power of Attorney
We are currently purchasing some land, which the EDB has now approved. We are now being told that we need to visit Mauritius so that the deeds of sale can be signed at the notary's office.We are off the island at the moment. Does anybody know if it ... Read More
Looking for notary by padmina
hi , would like to talk to a notary about a division of a house聽 .regards.
As part of a recent land purchase, we dealt with:Thierry D'Hotman de VilliersEmail: tdhotman@mhnotaires.comhttps://lawyersmauritius.mu/listings/dhotman-de-villiers-m-j-bernard/ Read More
South African expats tax obligations by sharmaritachetty
How are foreign residents taxed, how do South African expats manage their tax obligations to the South African Revenue Services.
This is the link to the double taxation agreement:https://www.sars.gov.za/wp-content/uploads/Legal/Agreements/LAPD-IntA-DTA-2012-09-DTA-Mauritius-GG-18111.pdfI am assuming it is still current, but I haven't checked. Read More
South African expats tax obligations by sharmaritachetty
How are foreign residents taxed, how do South African expats manage their tax obligations to the South African Revenue Services.
I would assume that you would want to financially emigrate from South Africa, as potentially you could be taxed by both countries. In South Africa you are taxed on your worldwide income and not on a remittance basis as in Mauritius. You need to ... Read More
Time Taken for EDB Approval for Property Transaction
We already have our residency permits and are currently in the process of purchasing a small plot of land. This purchase is subject to EDB approval. My question is based on your experience, how long does it take for the EDB to approve such a ... Read More
Currency Exchange GBP to MUR - Where can I get the best rate ? by karibi
I need to convert GBP from the UK to MUR for a land purchase. My question is, what is the most cost-effective solution? Normally, I would use somebody like Wise, but unfortunately, they don't support MUR. I assume I will get a better rate using a ...
I got a couple of rates today based on selling 拢18K and buying MUR.AfrAsia gave me a rate of MUR 60.90 to the GBPTorFx, on the same basis, gave me 62.7311, not sure if that includes the cost of the transferNevertheless, that is 3% improvement ... Read More
Currency Exchange GBP to MUR - Where can I get the best rate ? by karibi
I need to convert GBP from the UK to MUR for a land purchase. My question is, what is the most cost-effective solution? Normally, I would use somebody like Wise, but unfortunately, they don't support MUR. I assume I will get a better rate using a ...
@Julien - I did contact them on Monday using the details you provided but so far there has been no response. Read More
Currency Exchange GBP to MUR - Where can I get the best rate ? by karibi
I need to convert GBP from the UK to MUR for a land purchase. My question is, what is the most cost-effective solution? Normally, I would use somebody like Wise, but unfortunately, they don't support MUR. I assume I will get a better rate using a ...
@Alan9121 Thanks Alan. TorFX was on my list. Unfortunately, I have struggled with their compliance requirements, as they require a letter from a utility or bank to confirm my physical address. I live in South Africa, and the postal system has almost ... Read More
Currency Exchange GBP to MUR - Where can I get the best rate ? by karibi
I need to convert GBP from the UK to MUR for a land purchase. My question is, what is the most cost-effective solution? Normally, I would use somebody like Wise, but unfortunately, they don't support MUR. I assume I will get a better rate using a ...
Thanks, Julian. I am slightly surprised. Have you used them for large transfers, and did you compare their rate with that obtained by asking for a commercial rate at your local bank?I have struggled to find any FX brokers in the UK that deal with ... Read More