Written By Nawaz Peerbux June 2020 The general term “syndicate” refers to a group of entities, being individuals, companies or corporates who share the same interest in protecting or enhancing their business. Any building with multiple apartments or units requires a Syndicate and in this case, the members of this non-profit organisation collaborate to maintain the upkeep and ensure that all...
Written by Nawaz Peerbux June 2020 Feng Shui Feng Shui which translates as “wind-water” is a term which we are becoming more and more used whether it's referred to in a works space or at home. This is an ancient Chinese philosophical concept which addresses the “art of placement’ aiming to give the optimal harmonisation of everyone and their surrounding environment. Feng Shui is often...
Written By Nishta Jhurree May 2020 Ever wondered why most of the times the 13th floor is inexistent or simply termed as 12A instead? Ever thought why it is rare to find table number 13 in a restaurant, bed number 13 in a hospital or room number 13 in a hotel. The number 13 has long been considered as being unlucky be it in the US, UK, or China. Superstition has always been part of every...
Written By Nawaz Peerbux May 2020 Amidst the street filled with pedestrians brooding with stress, the wailing cars and bustling shops in Birmingham, UK is where I was born and raised, This was what I had become accustomed to and formed part of for the past 37 years. In my pursuit for a different lifestyle, Mauritius was always going to be a number one contender as a result of my connection due to...
Written by Nishta Jhurree May 2020 Thinking of venturing on the property market for the first time can be daunting. Despite the stress, commitment and planning it can induce, this can also be a very exciting time. The property market in Mauritius has opened its doors to welcome first-time buyers with open arms which can make this transaction more inviting and comfortable. Both the...
Written by Nawaz Peerbux May 2020 It's no longer a surprise to hear your friends or family have an apartment near the beach. This is becoming a popular choice for Mauritians. The package of Sun, Sea and Sand along with the all the other attractions which surround it are all too appealing. However, maintaining a second home can be a financial burden as well as an additional commitment...
Written by Nawaz Peerbux May 2020 Covid19 has brought an unexpected season of turmoil within all industries and the property market has not escaped. Mauritius started the year with confidence and continued its boom in real estates from both foreign and local investors. However, as the cat has been thrown amongst the pigeons and all norms are becoming estranged, it has left us...
Today, real estate, tourism and financial services are Mauritius’s primary economic drivers, aided by a tax climate favourable to foreign investors. The island has a flat 15% tax on corporate and individual income, and no taxes on property, capital gains or inheritances. Foreigners may only buy property in what is called a “property development scheme,” which can be a resort-like development like...