Mauritius is a small country with beautiful beaches and no taxes on property or inheritance. It has good infrastructure, medicine, schools, and government support for businesses. The northern coast is ideal for vacations, while the small town of Tamarine and coastal town of Grand Baie or Grand Gob are ideal for year-round living. Foreigners can buy property in Mauritius, including land. There is no annual property tax, and a 5% tax is only payable when purchasing property. A residence permit can be obtained with an investment in real estate over $500,000, which also extends to spouses and minor children.