Mauritius company registration

DOING BUSINESS IN MAURITIUS IN 2017

Since 2003, Healy Consultants Group PLC has assisted our Clients with business registration in Mauritius. Our services include i) Mauritius offshore and onshore companies registration ii) government license registration (GBC1 and GBC2) iii) corporate bank account opening iv) employee recruitment v) visa strategies and vi) office rental solutions.

SummaryGBC2GBC1TrustFoundationInvestment FundCIS LLCCaptive Re-Insurance LLCLimited liability partnership
Best use of company?Global tradingHolding companyTax planningTax planning and charitable activitiesInvestment for
sophisticated Clients
Investments for
retail Clients
Insurance within same GroupProfessional services
License required before invoicing global customers?NoNoNoNoYesYesYesNo
How soon can you invoice Clients/sign sales contracts?3 weeks1 monthCannot1 month5 months5 months6 months3 weeks
How soon can you hire staff?3 weeks1 monthCannot1 month1 month1 month1 month3 weeks
How soon can you sign a lease agreement?ImmediatelyImmediatelyImmediatelyImmediatelyImmediatelyImmediatelyImmediatelyImmediately
How long to supply corporate bank account numbers?1 month1 month1 month2 months3 months3 months3 months1 month
How long to supply company registration/tax numbers?2 weeks3 weeks2 weeks1 month3 weeks3 weeks3 weeks2 weeks
How long to supply license certificate?Not requiredNot requiredNot requiredNot required2 months2 months3 monthsNot required
Corporate tax rate on annual net profits?0%3%0%0%3%15%3%0%
Limited liability entity?YesYesYesYesYesYesYesYes
Resident director/partner/manager/legal representative required?NoYes (2)YesNoYes (2)Yes (2)Yes (2)Yes
Minimum/recommended paid up share capital?US$1US$1NoneUS$15% of funds raised from investors5% of funds raised from investorsUS$750,000US$1
Corporate bank account location?Barclays BankAfrAsia BankInvestec BankStandard BankBarclays BankAfrAsia BankStandard BankABC Banking
VAT payable on sales to local customers?Cannot trade with locals15%Cannot trade15%15%15%15%15%
Average total business set up engagement costs?US$8,485US$18,600US$13,450US$30,410US$45,540US$45,540US$50,100US$11,415
Average total engagement period?9 weeks10 weeks9 weeks3 months5 months5 months6 months9 weeks

See full table

Accounting and tax considerationsGBC2GBC1TrustFoundationInvestment FundCIS LLCCaptive Re-Insurance LLCLimited liability partnership
Statutory corporate tax payable?0%3%0%0%3%15%3%0%
Legally tax exempt if properly structured?YesNoYesYesNoNoNoYes
Must file an annual tax return?NoYesNoYesYesYesYesYes
Must file annual financial statements?NoYesNoYesYesYesYesYes
Must appoint an auditor?NoYesNoNoYesYesYesNo
Access to double taxation treaties?NoYesNoNoYesYesYesNo
Withholding tax on payments to foreign shareholders?NoneNoneNoneNoneNoneNoneNoneNone
Company RegistrationGBC2GBC1TrustFoundationInvestment FundCIS LLCCaptive Re-Insurance LLCLimited liability partnership
Resident director/partner/manager/legal representative required?NoYesYesYesYesYesYesYes
Minimum number of shareholders/partners?11None11112
Minimum number of directors/managers?12112271
Minimum/recommended statutory paid up share capital?US$1US$1NoneUS$15% of funds raised from investors5% of funds raised from investorsUS$750,000US$1
Can secure a financial services license?NoYesNoNoYes, requiredYes, requiredYes, requiredYes
Must appoint a local custodian?NoNoNoNoNoYesNoNo
Shelf companies available?YesYesNoNoNoNoNoNo
Time to incorporate a new entity?2 weeks3 weeks2 weeks1 month3 weeks3 weeks3 weeks2 weeks
Time to secure a license? (if required)Not requiredNot requiredNot requiredNot required2 months2 months3 monthsNot required
Must sign an office lease agreement during incorporation?NoNoNoNoNoYesNoNo
Can easily convert to a PLC?NoYesNoNoYesYesYesYes
Public register of shareholders and directors?NoNoNoNoYesYesYesYes
Can have preference shareholders/partners?YesYesYesYesYesYesYesYes
Business ConsiderationsGBC2GBC1TrustFoundationInvestment FundCIS LLCCaptive Re-Insurance LLCLimited liability partnership
Can bid for Government contracts?NoYesNoNoYesYesYesYes
Can secure residence visa for business owner?NoYesNoYesYesYesYesYes
Good entity for trademark registration?NoYesNoNoYesYesYesYes
Can secure an import and export license?NoYesNoNoYesYesYesYes

Monthly VAT reporting to the Government always required?No
Sponsorship by a local citizen required?No
Our Client needs to travel to Mauritius for business set up?No
Temporary physical office solutions available?Yes
You need a local resident as bank signatory?No
Can be wholly foreign owned?Yes
The entity will likely be regulated by?Financial Services Commission
Shareholders & directors documents to be attested/translated?Yes
Each foreign director needs a personal income tax number?No
Foreign non resident director needs a residence visa?No
Maximum number of staff allowed?No maximum number for any entity
Expatriate to local staff ratio?None
Other useful information
What will be included in my customer sales invoice?Click link
This country has signed free trade agreements?Yes
This country is a member of WIPO/TRIPS?Yes
This country is a member of the ICSID?Yes
Average custom duties suffered?0.63%
Government foreign investment approval required?No
Average monthly office rental? (US$ per sq m)US$30
Minimum statutory monthly salary?US$130
Average monthly US$ salary for local skilled employees?US$650
US$ deposit interest rate? (1 year average)1.64%
Overseas remittance currency controls?None
Group HQ tax incentives?No
Security deposit to be kept with Government?No
Can secure trade finance?Yes
Government grants available?Yes
Maximum shareholding for foreigners?100%
Banking considerations
Multi-currency bank accounts available?Yes
Corporate visa debit cards available?Yes
Quality of e-banking platform?Good
Crowd funding available in this country?Yes

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Contact us

For additional information on our company registration services in Mauritius, please email us at email@healyconsultants.com. Alternatively please contact our in-house country expert, Mr. Simon Guidecoq, directly:
client relationship officer - Simon
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