Mauritius company registration

DOING BUSINESS IN MAURITIUS IN 2018

Please find below a table detailing the main types of business entities available for registration in Mauritius.

Summary table of Mauritius company registration

SummaryNon-resident companyGBCInvestment fundCIS fundLimited Liability Partnership
Locally known asAuthorized companyGlobal Business CompanyInvestment fundCollective Investment SchemeLLP
Best use of entity?Global tradingHolding CompanyAsset managementPortfolio InvestmentsProfessional services
License always required before invoicing global customers?Yes (Authorized Company License)Yes (GBC license)YesYesNo
How soon can you invoice Clients/sign sales contracts?1 month1 month6 months6 months1 month
How soon can your Firm hire staff?1 month1 month1 month1 month1 month
How soon can your Firm sign a lease agreement?1 month1 month1 month1 monthImmediately
How long to supply corporate bank account numbers?1 month1 month3 months3 months1 month
How long to supply company registration/tax numbers?2 weeks3 weeks3 weeks3 weeks2 weeks
How long to supply license certificate?1 month1 month5 months5 monthsNot required
Mauritius corporate tax rate on annual net profits?
(foreign sourced income)
0%3%3%3%0%
Mauritius corporate tax rate on annual net profits?
(locally sourced income)
15%15%15%15%0%
Limited liability entity?YesYesYesYesYes
Resident director/legal representative required?NoYes (at least 2)Yes (at least 2)Yes (at least 2)Yes (at least 2)
Company secretary legally required?RecommendedYesYesYesYes
Minimum/recommended paid up share capital?US$1US$15% of funds raised from investorsDepends on license applied forUS$1
Our recommended corporate bank account location?ABC BankMCBBank One MauritiusAfrasia BankABC Bank
VAT payable on sales to local customers?15%15%15%15%15%
Average total business set up engagement costs?US$10,148US$18,600US$45,540US$39,340US$12,415
Average total engagement period?2 months2 months6 months6 months3 months

See full table

Accounting and tax considerationsNon-resident companyGBCInvestment fundCIS fundLimited Liability Partnership
Statutory corporate tax payable?
(foreign sourced income)
0%3%3%3%0%
Statutory corporate tax payable?
(locally sourced income)
15%15%15%15%0%
Legally tax exempt in Mauritius if no locally sourced income?YesNoNoNoYes
Must file an annual tax return?YesYesYesYesNo
Must file annual financial statements?Yes (financial summary)YesYesYesYes (statement of income)
Must always appoint an auditor?NoYesYesYesNo
Can have access to Access to Mauritius DTAAs?NoYesYesYesNo
Withholding tax on dividends to foreign shareholders?NoneNoneNoneNoneNone
Entity registration considerationsNon-resident companyGBCInvestment fundCIS fundLimited Liability Partnership
Resident director/legal representative required?NoYesYesYesYes
Appointment of a local company secretary required?No but RecommendedYesYesYesYes
Minimum number of shareholders/partners?11112
Minimum number of directors/managers?12221
Minimum/recommended paid up share capital?US$1US$15% of funds raised from investorsVaries across licensesUS$1
Can secure a financial services license?NoYesYes (required)Yes (required)Yes
Must appoint a local custodian?NoNoCan be requiredCan be requiredNo
Shelf companies available?NoYesNoNoNo
Must sign an office lease agreement during incorporation?YesYesYesYesYes
Can easily convert to a PLC / limited company?YesYesYesYesNo
Public register of entities?YesYesYesYesYes
Can have preference shareholders/partners?YesYesYesYesYes
Business ConsiderationsNon-resident companyGBCInvestment fundCIS fundLimited Liability Partnership
Can bid for Government contracts?YesYesYesDepend on licenseYes
Recommended to secure Mauritius residence for business owner?NoYesYesYesYes
Government grants available?NoYesYesYesYes

Good entity for trademark registration?Yes
Can secure an import and export license?Yes
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
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 over 40
This country is a member of WIPO/TRIPS?Yes
This country is a member of the ICSID?Yes
Average custom duties incurred?1.7% (2016 data)
Government foreign investment approval required?No
Average monthly office rental? (US$ per sq. m)US$20 (2017 data)
Minimum statutory monthly salary?US$260 (MUR9,000)
US$ deposit interest rate? (1-year average)3% (2017 data)
Overseas remittance currency controls?None
Group HQ tax incentives?No
Security deposit to be kept with Government?No
Can secure trade finance?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

Mauritius business setup summary

Select corporate structure
Business set up guide
Resident director services
Business set up strategy
Frequently asked questions
Compare similar financial services companies
Client case studies

Contact us

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