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Posted by Clancy on 23/12/2007, 9:09 am
Message modified by board administrator 23/12/2007, 9:14 am
Happy Havens in Mauritius
Thursday, Dec. 20, 2007 By ALEX PERRY
Extract from TIME CNN
A villa in the sun is many people's dream. Almost too many — it's frustratingly un-exclusive these days. To stand out, you want one designed by Norman Foster, nestled in a palm-tree jungle and within a short walk of a white-sand Indian Ocean beach, an 18 hole golf course and a five-star hotel with a spa and top-class restaurants. You want, in other words, Corniche Bay, a development of 115 such villas and a 75-bedroom hotel on the secluded southwestern tip of Mauritius. It's one of a few high-end resorts on the island that, for the first time, allow nonresident foreigners to buy property.
Since villa ownership grants Mauritian residency, even if you live and earn in, say, Britain or France or India or China (almost anywhere, in fact, except Japan and the U.S.), you can legally pay income tax in Mauritius — at 15%.
Read the article at
http://www.time.com/time/magazine/article/0,9171,1697001,00.html
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