A company is a legal entity formed by a group of individuals to engage in and operate a business enterprise in a commercial or industrial capacity. A company’s business line depends on its structure, which can range from a partnership to a proprietorship, or even a corporation.
Requirements For Starting A Company In Mauritius
BELOW ARE THE REQUIREMENTS FOR STARTING A COMPANY IN MAURITIUS:
An applicant needs to provide the following information before starting up a company in Mauritius:
A. Company name;
B. Nature of business;
C. Relevant Due Diligence documents;
D. Date or suggested date of commencement for a company;
E. Registered office address of the business; and.
F. Telephone number and email address.
Starting a company in Mauritius is ideal for entrepreneurs and corporates from all over the world looking to take advantage of the island’s robust International Financial Centre to do business worldwide. Mauritius provides a conducive business environment that features:
A. 100% foreign ownership
B. Political and economic stability;
C. Investment and business-friendly country (leading international financial centre in Africa for doing business, economic freedom, competitiveness and transparency);
D. Compliant with international standards (OECD, EU, FATF, etc.);
E. A wide network of Investment Promotion and Protection Agreements (IPPAs);
F. Member of various trade organisations (SADC, COMESA, African Union, and African Continental Free Trade Area);
G. Good governance;
H. Cost-efficient company formation and registered local office accommodation costs;
I. No social security charges on the wages of foreign employees;
J. Skilled, qualified and bilingual (English and French) workforce at a competitive rate;
K. A comprehensive range of banking services with the presence of international banks;
L. Strategic location and convenient time zone (GMT+4) for international transactions;
M. Confidentiality for ultimate beneficial owner(s);
N. No Capital Gain tax;
O. Individual and the corporate tax rate of 15 %;
P. Free repatriation of dividends, capital and profits;
Q. No tax on dividends;
R. No inheritance taxes;
S. Innovative platform for foreign investors;
T. Strategic location, close to Africa and Asia;
U. A wide network of Double Taxation Avoidance Agreements (DTAs);
V. Modern island with up-to-date High tech facilities and devices; and
W. A competent listing and capital-raising platform (Stock Exchange of Mauritius).
What is needed to start a business in Mauritius?
The person or company need to register online with the Registrar of Companies and Businesses or by submitting the required documents at the office. Registration of an individual business entity is normally done on the same day whereas incorporation of a domestic/Global business company usually takes half-day.
Can a foreigner start a business in Mauritius?
Can a foreigner start a Business in Mauritius? A company incorporated in Mauritius can be 100% owned by foreigners without minimum capital. However, an individual wishing to start a business as a self-employed will have to register only his business activity.
How much does it cost to set up a company in Mauritius?
The amount will differ depending on the needs and requirements of your company, but for starters, it should cost you MUR 13,500 (about USD 292) for the registration fee at the time of application.