Business is the practice of making one’s living or making money by producing or buying and selling products. It is also “any activity or enterprise entered into for profit.”
Requirements To Do Business In Mauritius
Having a business name does not separate the business entity from the owner, which means that the owner of the business is responsible and liable for debts incurred by the business. If the business acquires debts, the creditors can go after the owner’s personal possessions. A business structure does not allow for corporate tax rates. The proprietor is personally taxed on all income from the business.
BELOW ARE THE REQUIREMENTS TO DO BUSINESS IN MAURITIUS:
In order to start a business a person or a company must follow certain procedures. 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. The Corporate and Business Registration Department administers the Companies Act 2001, the Business Registration Act 2002, the Insolvency Act 2009, the Limited Partnerships Act 2011 and the Foundations Act 2012.
It has as its main functions the incorporation, registration and striking-off of companies, Registration of Businesses and the enforcement of compliance with legal requirements.
Occupation permits can be granted to non-citizens applying as investors, self-employed and professionals but are subject to some criteria.
A. Guidelines for registering and doing business
B. How to incorporate a Company?
C. Search for a Company/Business name and other details
D. Register your business
E. Payment of Registration Fee
F. Companies and Businesses Registration Integrated System (CBRIS)
G. Registration with MRA for VAT and TAN
H. Customs Tariff Information
I. Trade Licences with Local
J. Employment and Work Permit
K. Legal Metrology Services
L. Social Security
M. Bar Codes
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 long is a business visa in Mauritius?
Businessmen are entitled to a maximum of 120 days in a calendar year provided that during each trip the maximum stay does not exceed 90 days and that the non-citizen is not remunerated in Mauritius.
Which business is most profitable in Mauritius?
If you’re looking for lucrative business opportunities in Mauritius, you should consider the following sectors:
A. Financial services such as auditing, accounting, and financial consultation.
B. Medical and healthcare travel.
C. Property development and hospitality.
D. Information technology.
E. Logistics services and distribution.