Insights
Work, Live and Invest in Mauritius
Two Minutes with Udaye Bheergoonath, Associate Director in Corporate Services
In April, Stonehage Fleming marked its commitment to Mauritius by opening a new office in the vibrant Moka district. Udaye Bheergoonath outlines the main attractions of the island as an International Financial Centre and relocation destination.
Stonehage Fleming’s distinction in Mauritius goes beyond our breadth of services. We provide comprehensive support across real estate, expert fiduciary and family office services, often in collaboration with local professional partners. As a group with over 40 years of experience, we bring a holistic offering, helping clients create and preserve their wealth across generations.
Strong governance plays an increasingly important role in clients’ decisions around relocation. With a longstanding history of political, social, and economic stability, Mauritius has a robust regulatory framework and has a hybrid legal system combining both civil and common law practices. This is further supported by recent reports from the Economist Intelligence Unit, which recognise the country as “one of Africa's most stable democracies.” Additionally, the 2022 Mo Ibrahim Index of African Governance has ranked Mauritius as number one on the African continent.
We support clients wishing to build or manage a Mauritian real estate portfolio. Our services range from asset acquisition, setting up, administering and managing tax-efficient holding structures, financing, management and disposal. We support clients throughout the entire process, taking care of their residence permit application and other relevant regulatory requirements and approvals.
For those considering relocation, Mauritius has much to offer. Mauritius has a well-deserved reputation as a business-friendly country with a diverse, multilingual and exceptionally educated workforce. In addition, it has a modern healthcare system, world-class golf courses, a vibrant local food scene and incredible hiking trails. The Mauritian landscape is stunning: volcanic in origin and is almost entirely surrounded by coral reefs.
The happiest country in Africa? As well as being considered the continent's safest nation (Global Peace Index, 2023) the World Happiness Report 2024 (WHI 2024), shows Mauritius still holds the crown as the happiest country in Africa. Perhaps it’s something to do with eight months of warm weather, peaceful environment and competitive cost of living. Expats enjoy a strong sense of community here.
Udayesing Bheergoonath is a Client Relationship Manager in our Corporate Services division, advising clients on corporate and special licenced structures. He has over 18 years of experience in the financial services sector in Mauritius, with a wide array of skills and practical experience in the administration and operations of close end funds, CIS managers, investment advisers, trust structures and global business companies. Udayesing is an experienced board member on key client structures.
Photo by Guillaume Baudusseau