karibi
South African looking for information about Mauritius
Forum posts
71
Contacts
3
About me
South African
Registration: 28 November 2023
Activity
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 £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
Currency Exchange GBP to MUR - Where can I get the best rate ?
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 ... Read More
MCB Private Banking, SBM, ABC Private Banking, Afrasia Bank by JustinJamesBeckwith
Does anybody have any feedback GOOD or BAD on their experience with MCB Private Banking, SBM, ABC or Afrasia and their investments and portfolios?Asking for a friend! :)
We use Arfasia where we have multiple accounts (MUR and GBP) with them. I have no portfolio management with them. Accounts were easy to open, with no minimum deposit, and you can get good commercial rates of exchange. Their fees are reasonable, and ... Read More
Land Purchase under the PDS Scheme
We have found a small plot of land which we would like to purchase under the PDS scheme. I have been told that I need to either return to the island in around 3 months time to sign the 'deed of transfer' or appoint a local representative and give ... Read More
A Hammer Blow to Real Estate Confidence by peterg123
These peoposals on retroactive tax increase on purchase, and compultory 20% sales tax or 30% of profit are going to cause a drop in confidence in Mauritius real estate. Take my own case: Our contractor has endlessly delayed our PDS ...
I got this from a blog article on Property Cloud. Not sure if I am allowed to post the link. It appears that they have scrapped the 'exit' tax and delayed the increase in property tax. However, this is a cut and paste of some of the main ... Read More
A Hammer Blow to Real Estate Confidence by peterg123
These peoposals on retroactive tax increase on purchase, and compultory 20% sales tax or 30% of profit are going to cause a drop in confidence in Mauritius real estate. Take my own case: Our contractor has endlessly delayed our PDS ...
Much appreciated, I am across next week and wondered what the likely discounts might be. Not surprising with the current uncertainty and what appears to me, from a distance, to be an oversupply. Thanks. Read More
A Hammer Blow to Real Estate Confidence by peterg123
These peoposals on retroactive tax increase on purchase, and compultory 20% sales tax or 30% of profit are going to cause a drop in confidence in Mauritius real estate. Take my own case: Our contractor has endlessly delayed our PDS ...
@WackyWombat, can I be cheeky and ask what sort of percentage discounts are currently being offered? Read More
Mauritius Budget 2025-2026 by Ceresiet
The below summary was released today by Park Lane Properties. The new budget makes several changes to Taxes, Residency by non-Citizens, Retired non-Citizens, Premier Visa, Smart Coty Scheme and Ground + 2 scheme, Acquisition of Property by ...
Thanks, Bhavna, very helpful. Unfortunately, Chatgpt was slightly less helpful, its response was:"However, the document does not specify whether this measure applies only to new applicants or if it will also be applied retrospectively to those who ... Read More
Mauritius Budget 2025-2026 by Ceresiet
The below summary was released today by Park Lane Properties. The new budget makes several changes to Taxes, Residency by non-Citizens, Retired non-Citizens, Premier Visa, Smart Coty Scheme and Ground + 2 scheme, Acquisition of Property by ...
Does anybody know whether these proposals can be applied retrospectively? For example, "Retired non-citizens holding residence permits must now reside in Mauritius for at least 180 days per year to retain their permit". I hold a residence permit but ... Read More
Foreign investment tax (or whatever it is called) by Ottomus
I am about to transfer a big sum of money from Europe into Mauritius for the purchase of real estate. The real estate is for my own private use, so not for resell, not for rental. So it is not an "investment", just simply for my own private use. I ...
@Ottomus I think you may be referring to this:Land transfer taxPer the Land (Duties and Taxes) Act, land transfer tax is levied on the transfer of land and is payable by the transÂferor at the rate of 5%.Land transfer tax is also payable at the ... Read More
Marriage certificate and South African Police Clearance by nicholasmound
Hi EveryoneJust a question regarding my Wife who will be a dependent on my Retirement visa that I am in the process of applying for:we have been married 32 years, is it a requirement for her visa application that her married name as well as ...
We applied independently for our retirement visas. My argument is that if she is dependent on yours, and you then die she would lose her dependent visa. Read More