DOING BUSINESS IN MAURITIUS IN 2018
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.
| Summary | GBC2 | GBC1 | Trust | Foundation | Investment Fund | CIS LLC | Captive Re-Insurance LLC | Limited liability partnership |
|---|---|---|---|---|---|---|---|---|
| Best use of company? | Global trading | Holding company | Tax planning | Tax planning and charitable activities | Investment for sophisticated Clients | Investments for retail Clients | Insurance within same Group | Professional services |
| License required before invoicing global customers? | No | No | No | No | Yes | Yes | Yes | No |
| How soon can you invoice Clients/sign sales contracts? | 3 weeks | 1 month | Cannot | 1 month | 5 months | 5 months | 6 months | 3 weeks |
| How soon can you hire staff? | 3 weeks | 1 month | Cannot | 1 month | 1 month | 1 month | 1 month | 3 weeks |
| How soon can you sign a lease agreement? | Immediately | Immediately | Immediately | Immediately | Immediately | Immediately | Immediately | Immediately |
| How long to supply corporate bank account numbers? | 1 month | 1 month | 1 month | 2 months | 3 months | 3 months | 3 months | 1 month |
| How long to supply company registration/tax numbers? | 2 weeks | 3 weeks | 2 weeks | 1 month | 3 weeks | 3 weeks | 3 weeks | 2 weeks |
| How long to supply license certificate? | Not required | Not required | Not required | Not required | 2 months | 2 months | 3 months | Not required |
| Corporate tax rate on annual net profits? | 0% | 3% | 0% | 0% | 3% | 15% | 3% | 0% |
| Limited liability entity? | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Resident director/partner/manager/legal representative required? | No | Yes (2) | Yes | No | Yes (2) | Yes (2) | Yes (2) | Yes |
| Minimum/recommended paid up share capital? | US$1 | US$1 | None | US$1 | 5% of funds raised from investors | 5% of funds raised from investors | US$750,000 | US$1 |
| Corporate bank account location? | Barclays Bank | AfrAsia Bank | Investec Bank | Standard Bank | Barclays Bank | AfrAsia Bank | Standard Bank | ABC Banking |
| VAT payable on sales to local customers? | Cannot trade with locals | 15% | Cannot trade | 15% | 15% | 15% | 15% | 15% |
| Average total business set up engagement costs? | US$10,785 | US$18,600 | US$13,450 | US$30,410 | US$45,540 | US$45,540 | US$50,100 | US$11,415 |
| Average total engagement period? | 9 weeks | 10 weeks | 9 weeks | 3 months | 5 months | 5 months | 6 months | 9 weeks |
| Monthly VAT reporting to the Government always required? | No |
| Sponsorship by a local citizen required? | No |
| Our Client needs to travel to Mauritius for business set up? | No |
| Temporary physical office solutions available? | Yes |
| You need a local resident as bank signatory? | No |
| Can be wholly foreign owned? | Yes |
| The entity will likely be regulated by? | Financial Services Commission |
| Shareholders & directors documents to be attested/translated? | Yes |
| Each foreign director needs a personal income tax number? | No |
| Foreign non resident director needs a residence visa? | No |
| Maximum number of staff allowed? | No maximum number for any entity |
| Expatriate to local staff ratio? | None |
| Other useful information | |
| What will be included in my customer sales invoice? | Click link |
| This country has signed free trade agreements? | Yes |
| This country is a member of WIPO/TRIPS? | Yes |
| This country is a member of the ICSID? | Yes |
| Average custom duties suffered? | 0.63% |
| Government foreign investment approval required? | No |
| Average monthly office rental? (US$ 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 |
