karibi
South African looking for information about Mauritius
Forum posts
75
Contacts
3
About me
South African
Registration: 28 November 2023
Activity
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 .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 £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