A Bermuda-based firm aims to relocate to Mauritius.

Delta International Property Holdings will today ask shareholders to approve a move to the Indian Ocean island of Mauritius.

The move comes as the firm — formerly Osiris Property International — has been based in Bermuda since 2012 and changed to its present name this year.

A spokesman for the firm said the change of location was due to the firm’s decision to invest heavily in African real estate.

Mauritius, a former British colony in the Indian Ocean with a population of 1.25 million, is around 1,200 miles off the southeastern coast of the continent.

The spokesman said: “Given that the company intends a substantial investment into Africa, it has been suggested that it would be in the best interests of the company and its investors if the company were discontinued as a Bermuda exempt company and continue instead as a global business company in Mauritius, to take advantage of the experience of Mauritian service providers in doing business in Africa, the geographical and time zone proximity of Mauritius to Africa, as well as the many double taxation treaties negotiated between Mauritius and various African jurisdictions in which the company intends to invest.”

The firm is also planning to delist its securities from the Bermuda Stock Exchange and list on its Mauritius equivalent instead.

The Delta spokesman added: “The directors of the company envisage that a listing on the Stock Exchange of Mauritius will provide access to a global base of managed funds, high net worth individuals and other sources of capital who view Mauritius as an attractive destination.”

The change of location would also mean that Bermuda-based directors James Keyes and David Brown would resign as directors of the company.