Emigration options

Aviation Trivia, Jokes & Humour

Moderator: Moderators

User avatar
paulw
Fife Thousand feet
Fife Thousand feet
Posts: 5086
Joined: Mon Apr 18, 2011 3:48 pm
Closest Airfield: Galway Airport
Location: Galway
Has liked: 496 times
Been liked: 182 times

Re: Emigration options

Unread post by paulw » Sun Jun 21, 2020 11:46 am

Looks like a very good and easy option....

https://businesstech.co.za/news/lifesty ... mauritius/
Why it’s now cheaper for South Africans to emigrate to Mauritius.....

It will soon be easier and cheaper for South Africans to emigrate to Mauritius from this month, says property group Chas Everitt International.

As part of its coronavirus budget on 4 June, the government announced a number of incentives to encourage foreigners to live, work and invest in Mauritius.

In line with new government measures introduced, the minimum investment required to acquire an occupation permit (OP) as an investor, and live in Mauritius as a non-citizen, has been halved to $50,000 (R867,000), from $100,000 (R1.7 million).

The validity of an Occupation Permit has also been extended from three to 10 years.

“This type of permit enables non-citizens to reside or retire or open their own business in Mauritius,“although you will also need a work permit if you intend to seek employment,” said Leana Nel, international relocations specialist for the Chas Everitt International property group.

“The new measures also mean that those who have an OP can bring their parents to Mauritius as dependents and will also not have to obtain an additional work permit for a spouse who also wants to work.

In an even bigger concession, OP holders will now also be allowed to buy up to 2100sqm of land for residential use in a “smart city” that Mauritius is developing, said Nel.

“Previously, non-citizens were only allowed to buy homes in one of the Integrated Resort Schemes (IRS), Real Estate Schemes (RES) and Property Development Schemes (PDS) specifically designated for foreign buyers, or pre-owned apartments in buildings of at least three storeys.”

Permanent residence

Nel said that it will now also be much less expensive for South Africans to acquire immediate Permanent Residence (PR) in Mauritius by investing in one of the IRS, RES or PDS schemes, because the minimum purchase price required has been drastically lowered from $500,000 (R8.6 million) to $375,000 (R6.5 million).

“The Mauritian government has now announced that the work and residence permits will be combined into one document; that those who have held a Residence Permit for three years will be allowed to apply for a PR, and that the validity of a PR permit will now be extended from 10 to 20 years,” she said.

Nel says Mauritius is an increasingly sought-after emigration option among SA executives, entrepreneurs and retirees for a number of reasons.

She also notes that Mauritian banks will make mortgage loans available to foreign investors, although the qualification criteria are stringent and borrowers will usually be expected to finance at least 60% of the purchase price themselves.

To this end, South African individuals over the age of 18 become a foreign investment allowance of R10m a year provided they have a tax clearance certificate from SARS and the transfer of funds is approved by the Reserve Bank. The prime rate in Mauritius is currently 3,35%.
These users liked the author paulw for the post (total 2):
FranswMouser
.
Don't believe what I post, research what I post....
They have a book on how to take my money away? When did this happen......
vanjast
1k poster
1k poster
Posts: 1139
Joined: Thu Feb 16, 2017 6:08 pm
Closest Airfield: 200
Has liked: 18 times
Been liked: 200 times

Re: Emigration options

Unread post by vanjast » Sun Jun 21, 2020 11:24 pm

I'm always weary of these 'easy' things.
A couple years down the line they can always change their minds, call in the mortgage debts..etc
I'm not sure if there's much (or good) business opportunity there without heavy strings.

My wife's company delt with Mauritius wrt to manufacturing and there were endless problems.
It was much easier to sort out than China or India, mainly due to the shorter distance - but still uneccessary hassles.
I suppose it all depends on the type of business you're in. ;)
User avatar
paulw
Fife Thousand feet
Fife Thousand feet
Posts: 5086
Joined: Mon Apr 18, 2011 3:48 pm
Closest Airfield: Galway Airport
Location: Galway
Has liked: 496 times
Been liked: 182 times

Re: Emigration options

Unread post by paulw » Sun Jun 21, 2020 11:36 pm

vanjast wrote:
Sun Jun 21, 2020 11:24 pm
I'm always weary of these 'easy' things.
A couple years down the line they can always change their minds, call in the mortgage debts..etc
I'm not sure if there's much (or good) business opportunity there without heavy strings.

My wife's company delt with Mauritius wrt to manufacturing and there were endless problems.
It was much easier to sort out than China or India, mainly due to the shorter distance - but still uneccessary hassles.
I suppose it all depends on the type of business you're in. ;)
Yes, I am sure there will be pro's and con's. One advantage for a lot of those from SA is that they can take their parents with or within a short flight to SA.
A disadvantage is that foreigners cannot buy property within 100m from the beach (I think it is 100m)
I believe it could be difficult for children once they become independent from parents that they have to also apply for visa and work permit etc but I am not 100% sure on that.
In other countries it is almost a given that they can stay. Homework will need to be done. I think it is ideal for retirement.
.
Don't believe what I post, research what I post....
They have a book on how to take my money away? When did this happen......
User avatar
paulw
Fife Thousand feet
Fife Thousand feet
Posts: 5086
Joined: Mon Apr 18, 2011 3:48 pm
Closest Airfield: Galway Airport
Location: Galway
Has liked: 496 times
Been liked: 182 times

Re: Emigration options

Unread post by paulw » Sat Jul 11, 2020 10:23 am

Some interesting videos on Expats.
Living relaxed lives, etc.

https://www.youtube.com/playlist?list=P ... e=view_all
.
Don't believe what I post, research what I post....
They have a book on how to take my money away? When did this happen......
User avatar
Fransw
Fife Thousand feet
Fife Thousand feet
Posts: 5808
Joined: Tue Jun 02, 2015 3:22 pm
Closest Airfield: Pretoria
Location: Pretoria
Has liked: 440 times
Been liked: 177 times

Re: Emigration options

Unread post by Fransw » Tue Jul 28, 2020 10:06 am

"Bargain" property in Espana underc £150k..
https://www.thinkspain.com/property-for ... perties_en
User avatar
paulw
Fife Thousand feet
Fife Thousand feet
Posts: 5086
Joined: Mon Apr 18, 2011 3:48 pm
Closest Airfield: Galway Airport
Location: Galway
Has liked: 496 times
Been liked: 182 times

Re: Emigration options

Unread post by paulw » Tue Jul 28, 2020 11:47 pm

Fransw wrote:
Tue Jul 28, 2020 10:06 am
"Bargain" property in Espana underc £150k..
https://www.thinkspain.com/property-for ... perties_en
Yeah, you can get property at SA prices in Portugal, Spain and Italy if you shop around.
.
Don't believe what I post, research what I post....
They have a book on how to take my money away? When did this happen......
User avatar
Fransw
Fife Thousand feet
Fife Thousand feet
Posts: 5808
Joined: Tue Jun 02, 2015 3:22 pm
Closest Airfield: Pretoria
Location: Pretoria
Has liked: 440 times
Been liked: 177 times

Re: Emigration options

Unread post by Fransw » Wed Jul 29, 2020 9:40 am

Many opportunities for SA farmers in Portugal..

https://www.estate-living.co.za/2018/ne ... -portugal/

Edit: with average "farm" about 10ha :oops: maybe more for intensive type farming. We are really privilege here..
User avatar
paulw
Fife Thousand feet
Fife Thousand feet
Posts: 5086
Joined: Mon Apr 18, 2011 3:48 pm
Closest Airfield: Galway Airport
Location: Galway
Has liked: 496 times
Been liked: 182 times

Re: Emigration options

Unread post by paulw » Wed Jul 29, 2020 11:29 pm

Fransw wrote:
Wed Jul 29, 2020 9:40 am
Many opportunities for SA farmers in Portugal..

https://www.estate-living.co.za/2018/ne ... -portugal/

Edit: with average "farm" about 10ha :oops: maybe more for intensive type farming. We are really privilege here..
E350k will buy you a nice farm in Portugal.

This Dutch couple I follow occasionally who bought a piece of land in Portugal with no buildings on it and started clearing it out and started a vegetable garden, etc, etc.
I am basically just posting so those interested can see the Portuguese vegetation/landscape.
I am sure they paid next to nothing for this piece of land. Their idea is to live off the grid.

https://www.youtube.com/user/lea2392/videos

These users liked the author paulw for the post (total 2):
Dan the ManMouser
.
Don't believe what I post, research what I post....
They have a book on how to take my money away? When did this happen......

Return to “123.45”