Company registration in Mauritius is a simple process that brings forth many advantages. If properly structured, Mauritius company formation is a low cost, legally tax-efficient entity to conduct international business. Healy Consultants is ideally placed to advise on the best strategy for Mauritius business setup and provide a range of business startup and support services for Mauritius companies.
Advantages of Mauritius company registration
- A Mauritius company formation can be incorporated within one week, with a minimum of one shareholder and one director of any nationality. The minimum paid up share capital is US$1 and our Client will not need to travel to complete Mauritius business setup engagement;
- Mauritius company incorporation is simple and cost-effective, which is an advantage for entrepreneurs interested in Mauritius. According to the 2013 Doing Business Survey by the World Bank, Mauritius is the world’s 20th easiest place to do business. The survey measures factors including Mauritius business setup procedures, time, cost and minimum capital required to start a business;
- A Mauritius GBC1 Company enjoys access to over 30 double tax treaties signed with countries around the world;
- A Mauritius GBC1 is considered tax-resident in Mauritius, and corporate profits are taxed at 15%. However, tax credits are available which may bring the effective tax rate down to 3%. A GBC1 is not subject to capital gains tax or withholding tax. A Mauritius GBC2 Company is exempt from all taxes on income derived outside Mauritius. There is no income tax in Mauritius;
- Mauritius company incorporation permits 100% foreign ownership. A minimum of one shareholder and one director is required when registering a company in Maritius and corporate directors are permitted. Additionally, Mauritius was positively ranked as the world’s 8th freest economy according to the 2013 Index of Economic Freedom by The Heritage Foundation, a measure of freedom enjoyed in business, trade, monetary, financial, investment and labour markets;
- There are no minimum capital requirements with a Mauritius GBC2 offshore company, which is a benefit for entrepreneurs interested in Mauritius company incorporation. Also, directors and shareholders details are unavailable for public viewing;
- English is spoken by 90% of Mauritians which makes it easier for foreign investors to communicate with local suppliers and customers.
Disadvantages of Mauritius company registration
- Mauritius is perceived as a ‘tax haven’ jurisdiction, which is could be a disadvantage for Mauritius company formation. In addition, Mauritius ranked 52nd least corrupt country in the world on the 2013 Corruption Perceptions Index by Transparency International, a global measure of corruption amongst public officials and politicians;
- Mauritius is ranked as the world’s 45th most competitive economy by the Global Competitiveness Report 2013 – 2014, compiled by the World Economic Forum;
- A Mauritius GBC2 company does not have access to the 34 double tax treaties Mauritius has signed;
- Under the Finance Act 2009, a corporation holding a Category 2 Global Business License (“GBL 2″) is required to file with the Financial Services Commission annually. A GBL 2 is required to submit the financial summaries within 6 months of the balance sheet date. Details of the identity of the promoter/beneficial owner/ultimate beneficial owner, along with an outline of company objectives must be submitted to the FSC.
GBC2 company incorporation costs in Year 1 amount to US$2,900 and annual company costs in Year 2 and thereafter amount to US$1,650. The average total fees per Mauritius company setup costs US$6,950, including company incorporation, company secretary, and corporate bank account.
Refer to draft invoice embedded here.
Corporate banking options
Success tips when doing business in Mauritius
- Your joint venture partner or Mauritius shareholder must not merely be a nominee for the sake of meeting the rules of foreign company incorporation. You should choose a partner that actually brings a lot to the table, including local knowledge your business would need in Mauritius;
- To optimize the success of your new business venture in Mauritius, Healy Consultants recommends your firm i) complete a feasibility study ii) prepare a detailed business plan iii) communicate with the Mauritius Chamber of Commerce iv) speak to your local embassy in Mauritius and v) communicate with Healy Consultants Clients who successfully launched their business in Mauritius;
- Foreign companies should be aware i) Mauritius statistics and market data are usually imprecise ii) transactions tend to take longer than expected iii) more frequent and longer market visits are required, at least initially iv) complex business procedures are common;
- An essential factor in setting up a company in Mauritius is to thoroughly research the business sector you are planning to invest in. Healy Consultants recommends our Client prepare a detailed business plan including an extensive market study and evaluation of competitors.
Did you know about Mauritius?
- The country of Mauritius has the shape of a leaf and was created by the eruptions from underwater volcanos;
- Sugarcane is planted on 90% of the Mauritius land and is regarded as the top money earner for the country. Sugar is the major export of the country along with clothing, tea, and jewellery;
- Most of the food in Mauritius including rice, vegetables, and lentils are imported. Therefore, food in Mauritius is very expensive;
- Mauritians are relatively conservative, walking around wearing shorts or bathing suits are prohibited in most hotels;
- The population of Mauritius consists of four ethnic groups that are Indo-Mauritian (68%), Creole (27%), Sino-Mauritian (3%), and Franco-Mauritian (2%).
- Mauritius GBC1 company
- Mauritius GBC2 company
- Incorporate a company in Mauritius
- Investing in Mauritius
- Mauritius migration
- Mauritius FAQs
- Ministry of Finance and Economic Development
- Mauritius Revenue Authority
- Central Bank of Mauritius
- Mauritius Stock Exchange
- Immigration Office
- Chamber of Commerce
- Mauritius Tourism Board
- Mauritius airport
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