Mauritius is ranked 6th and is placed among the top ten countries worldwide where it is interesting to establish a physical and tax residence according to the 2014 rankings on the least taxed countries across the world published by the firm Bradley Hackford.
According to the report, these countries impose neutral or low tax rates on individuals thereby making it the ideal choice for establishing physical and fiscal residence. Among the top ten countries are: Bahamas, Andorra, Monaco, Bulgaria, Panama, Mauritius, United Arab Emirates, Guernsey, The Cayman Islands and Switzerland.
The report justifies Mauritius’ ranking by the fact that the country has low tax rates with a personal income tax rate of 15%. It further states that international investors also appreciate Mauritius because of the simple residency process and the tax benefits related to residency with the main procedure for obtaining Mauritian residency being the purchase of real estate on the island, approved by the local program called Integrated Resort Scheme, with a minimum value of $500,000 US.
The firm Bradley Hackford operates in several jurisdictions worldwide and specialises in international relocation procedures mainly in countries with attractive tax policies. It also helps out with nationality acquisition procedures.
The firm ranks countries based on five criteria namely: the rate of tax burden for individuals residing in the country; the country’s quality of life; the country’s legal and physical security; the quality of the economic investment program developed by the local government to encourage new residents in the country to invest; and the country’s geographical location, its accessibility, and its recreational opportunities.
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