Mauritius company registration

Mauritius company registration

DOING BUSINESS IN MAURITIUS

Since 2003, Healy Consultants 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.

SummaryGBC2GBC1LLCPublic limited companyLLPRepresentative officeBranch officeTrust
Also known asOffshoreOffshoreLtdPLCLLPROBranchTrust
Best use of company?Global tradingHolding companyAll products and servicesSecure public fundingProfessional servicesMarketing & researchSpecific projectsTax planning
How soon can you invoice Clients/sign sales contracts?2 weeks2 weeks2 weeks3 weeks2 weeksCannot3 weeksCannot
How soon can you hire staff?2 weeks2 weeks2 weeks3 weeks2 weeks2 weeks3 weeksCannot
How soon can you sign a lease agreement?ImmediatelyImmediatelyImmediatelyImmediatelyImmediatelyImmediatelyImmediatelyImmediately
How long to supply corporate bank account numbers?4 weeks4 weeks4 weeks4 weeks4 weeks4 weeks4 weeks4 weeks
How long to supply company registration/tax numbers?2 weeks2 weeks2 weeks3 weeks2 weeks2 weeks3 weeks2 weeks
Corporate tax rate on annual net profits?0%3%15%15%15%0%15%0%
Limited liability entity?YesYesYesYesYesNoNoYes
Resident director/partner/manager/legal representative required?NoYes (2)YesYesYesYesYesYes
Minimum/recommended paid up share capital?US$1US$1US$1US$1US$1NoneNoneNone
Can secure a financial services license?NoYesYesYesYesNoYesNo
Can bid for Government contracts?NoYesYesYesYesNoYesNo
Corporate bank account location?Barclays BankAfrAsia BankStandard BankStandard CharteredABC BankingMCB BankHSBC BankInvestec Bank
VAT payable on sales to local customers?Cannot trade with locals15%15%15%0%Cannot trade15%Cannot trade
Average total business set up engagement costs?US$9,785US$17,600US$9,415US$12,415US$11,415US$9,485US$8,485US$13,450
Average total engagement period?6 weeks2 months2 months2 months2 months2 months2 months2 months

See full table

Accounting and tax considerationsGBC2GBC1LLCPublic limited companyLLPRepresentative officeBranch officeTrust
Statutory corporate tax payable?0%3%15%15%0%0%15%0%
Legally tax exempt if properly structured?YesNoNoNoYesYesNoYes
Must file an annual tax return?NoYesYesYesYesNoYesYes
Must file annual financial statements?NoYesYesYesYesYesYesYes
Monthly VAT reporting to the Government always required?NoNoYesYesYesNoYesNo
Must appoint an auditor?NoYesYesYesNoNoYesNo
Access to double taxation treaties?NoYesYesYesNoNoYesNo
Withholding tax on payments to foreign shareholders?NoneNoneNoneNoneNoneNoneNoneNone
Company RegistrationGBC2GBC1LLCPublic limited companyLLPRepresentative officeBranch officeTrust
Resident director/partner/manager/legal representative required?NoYesYesYesYesYesYesYes
Minimum number of shareholders/partners?11122Parent companyParent companyNone
Minimum number of directors/managers?12121111
Minimum/recommended statutory paid up share capital?US$1US$1US$1US$1US$1NoneNoneNone
Shelf companies available?YesYesYesYesYesNoNoNo
Time to incorporate a new entity?2 weeks2 weeks2 weeks3 weeks2 weeks2 weeks3 weeks2 weeks
Must sign an office lease agreement during incorporation?NoNoNoNoNoNoNoNo
Can easily convert to a PLC?NoYesYesYesNoNoNoNo
Public register of shareholders and directors?NoNoYesYesYesYesYesYes
Can have preference shareholders/partners?YesYesYesYesYesNoNoYes
Business ConsiderationsGBC2GBC1LLCPublic limited companyLLPRepresentative officeBranch officeTrust
Can secure residence visa for business owner?NoYesYesYesYesNoYesNo
Good entity for trademark registration?NoYesYesYesYesNoYesNo
Can secure an import and export license?NoYesYesYesYesNoYesNo

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?FSC
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
Banking considerations
Multi-currency bank accounts available?Yes
Corporate visa debit cards available?Yes
Quality of e-banking platform?Excellent
Crowd funding available in this country?Yes
Group HQ tax incentives?No
Security deposit to be kept with Government?No
Can secure trade finance?Yes
Government grants available?Yes
Government approval required for foreign owners?No
Maximum shareholding for foreigners?100%

Tell us what you need - we’ll send you a customised proposal in 5 hours!

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
mauritius-republic mauritius-fsc mauritius-mcci mauritius-bank mauritius-boi