AfriAsia Bank and New World Wealth reveal a report on the Global Wealth Migration Review which shows the ‘rise of Mauritius as a global wealth hub’ over the last 10 years. From 2007 to 2017, Mauritius showed 195% wealth growth, one of the top three best performing wealth markets.
The report shares that trends for the global wealth is expected to rise by 50% over the next decade. One of the fastest growing wealth markets expected to see continued growth is Mauritius. As a result of the safety, ease of doing business and low taxes (compared to other African continents), the 10-year forecast report sees projected wealth growth of up to 150%.
There are many reasons why Mauritius has performed so well over the last 10-years, with the prediction of further improvement. The AfriAsia and New World Wealth report reveals some of the elements that help create wealth growth; of which Mauritius ticks the boxes. This includes:
- Sufficient and strong security for women and children
- Strong ownership rights
- Resilient and stable economy
- A well-developed banking system
- Independent media
- Low-level of government tampering in businesses
- Low income and company taxes
- Ease of investment
- High migration of wealthy, high net worth individuals
Mauritius proves year-on-year that it is the best performing African continent from business and property development to financial and technology.
