Réunion Property and Citizenship Guide

Key Facts:

Climate - Réunion has a hot sub-tropical climate with sea temperatures that rarely drop below 23°C. The interior uplands have an almost temperate climate.

Population (2020) - 859,959

GDP (Per Capita) (2007) - $23,501

Official language - French

Major religions - Christianity (86.9%), Hinduism (6.7%), Islam (3.2%)

Ethnic Groups - African, Indian, European, Malagasy, Chinese

Currency - Euro (EUR)

Government - Réunion is governed by French law, and its constitution is the French constitution

Taxes - For rentals, the net income received by a nonresident is subject to a minimum income tax rate of 20%, unless the taxpayer can prove that, if he had been resident in France, his effective rates of taxation (on his worldwide income) would have been lower than 20% (which is unlikely). This rate applies to both furnished and unfurnished rentals. For capital gains, new rules were introduced in 2004. EU residents and residents of France now pay 16% on the net gain, after deduction of acquisition and improvement costs (the default deductions under these two headings are 7.5% and 15% respectively, but if invoices can be produced, more may be allowable). For both residents and nonresidents, discounts of 10% a year are allowed after the fifth year of ownership, with the effect that after 15 years no gain is chargeable to tax.

Residency by Investment:

According to which country a person if from, there are different visas which a person can apply for to visit Reunion.

Citizenship by Investment:

To be Updated.

Why it makes sense?

To be Updated.