Setting up a company and doing business in Mauritius
Why setting up a company and doing business in Mauritius
Mauritius is the ideal business hub to set up a company and to do business from, especially for entrepreneurs and corporates from South Africa and all over the world. It offers:
- A wide network of Investment Promotion and Protection Agreement (IPPAs);
- Investment and business-friendly country (1st in Africa in the World Bank Doing Business Report);
- Good governance;
- Skilled, qualified and bilingual (English and French) workforce at a competitive rate;
- A comprehensive range of banking services with the presence of international banks;
- Strategic location and convenient time zone (GMT+4) for international transactions;
- Among the best countries for opening an offshore bank account
- Cost-effective company set-up and registered office accommodation costs;
- Political and economic stability;
- Member of the SADC, COMESA, African Union, and African Continental Free Trade Area (AfCFTA);
- Risk-mitigating platform;
- Modern island with up to date High tech facilities and devices;
- A competent listing and capital-raising platform (Stock Exchange of Mauritius);
- No restrictions on Trading;
- No Capital Gain tax;
- Individual and Corporate Income Tax, as well as Value Added Tax, harmonised at 15%;
- Free repatriation of dividends, capital and profits;
- No tax on dividends;
- No inheritance taxes; and
- A set of Double Taxation Avoidance Agreements (DTAs) with countries across Africa, Europe and Asia.
How to set up a company and do business in Mauritius
Setting up a company in Mauritius is a swift process taking on average 3 working days. No minimum capital is required and the Mauritian laws allows for 100% foreign ownership. However, before setting up a company which is resident in Mauritius, you must first identify the appropriate type of Company for your activities. The types of companies are:
The Global Headquarters Administration licence has proven to be crucial in enabling several multinationals to strategically optimise their business by setting up their regional registered offices in Mauritius.
An offshore company that has its business operations carried out from Mauritius, a Global Business Company benefits from the network of DTAs, making it a cost-effective corporate medium for international tax planning.
An offshore company that has its business activities and control & management outside of Mauritius, the Authorised Company is considered as foreign for tax purposes.
A PCC is a Special Purpose Vehicle that authorises the lawful separation of assets owned by each cell of the company. Also known as a Segregated Portfolio Company in some jurisdictions, the PCC allows for more security and flexibility for international investment structuring.
Mauritius has evolved into a trustworthy jurisdiction for establishing and operating Trusts, especially used for the management, preservation and transmission of assets.
The Private Trust Company (PTC) is a vehicle with a perfect model to preserve the assets of one’s family while exercising control as the Trustee.
A Mauritius Foundation is ideal to cater for succession & inheritance planning, management of private wealth, and asset-holding strategies.
Fund Structures in Mauritius allow for investors and investment managers to route investments into Africa and Asia, among others.
- Trading Company
Trading companies trade goods and services from one country to the other. They can make use of the Mauritian jurisdiction to gain an edge on competitors in other countries.
- Freeport Company
Investors in Mauritius benefit from a cost-saving platform in which they also make use of the Freeport facilities easing Trading and Shipment.
There are a number of opportunities for doing business in Mauritius in sectors such as:
- Creative Industry;
- Ocean Economy;
- Health Care;
- Logistics & distribution services;
- Real Estate;
- Financial Services;
- Manufacturing & light engineering;
- Medical Travel;
- Renewable energy and environment; and
- Information Communication Technology.
- Here is why businesses set up their headquarters in Mauritius
- Company registration in Mauritius
- Offshore Company in Mauritius – All you need to know
Conditions for setting up a company in Mauritius
The establishment and registration of a company in the Mauritian jurisdiction are governed by the provision of the Companies Act 2001 and the Business Registration Act 2002. Moreover, each business activity needs to be registered with the Registrar of Companies. According to the Companies Act 2001, there is no obligation for a company to have a constitution. In this case, the Act will serve as the governing document. This act also governs the setting up of Limited Life Companies and Offshore Companies in Mauritius.
How Sunibel can assist you
Sunibel Corporate Services guides and accompanies you in setting up a company and doing business in Mauritius. As an international provider of corporate, trust, fund and fiduciary services, we have the experience and expertise to help you strategically optimise your business through the Mauritius jurisdiction. Our services include:
- Setting up and administration of companies and structures
- Wealth structuring
- Fund services and administration
- Invoicing and back office
- Finance, accounting and international taxation
- Assistance in Listing on the Stock Exchange
You want to set up your company? Contact us via the form below:
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