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Setting up a company in Mauritius

Why setting up a company in Mauritius

Mauritius is the ideal business hub to set up a company and to do business from, especially for entrepreneurs and corporates from all over the world. The country offers:

  • 100% foreign ownership
  • Political and economic stability;
  • Investment and business-friendly country (1st in Africa in the World Bank Doing Business Report);
  • A wide network of Investment Promotion and Protection Agreement (IPPAs);
  • Member of various trade organisations (SADC, COMESA, African Union, and African Continental Free Trade Area);
  • Good governance;
  • Cost-efficient company formation and registered office accommodation costs;
  • 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;
  • Confidentiality for ultimate beneficial owner(s);
  • 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;
  • A set of Double Taxation Avoidance Agreements (DTAs) with countries across Africa, Europe and Asia;
  • Risk-mitigating platform;
  • Among the best countries for opening an offshore bank account
  • Modern island with up-to-date High tech facilities and devices; and
  • A competent listing and capital-raising platform (Stock Exchange of Mauritius).

 

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Setting up a company in Mauritius: how to register and do business

Both foreign companies and individuals can register and incorporate a company in Mauritius, which requires the services of a company formation services provider to ease the process on incorporation. No minimum capital is required, and the Mauritian laws allows for 100% foreign ownership. An applicant usually needs to provide the following data to be able to register a company in Mauritius:

  • Company name if there is;
  • Nature of business;
  • Relevant Due Diligence documents;
  • Date or suggested date of commencement for a company;
  • Registered office address of business; and
  • Telephone number and email address.

Setting up a company in Mauritius is a swift process, taking on average 3 working days. However, the timeline and requirements needed to register a company depends on the type of company being registered. Before setting up a company in Mauritius, you must therefore identify the appropriate company type for your activities, and obtain approval from the Financial Services Commission.

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. Click here to learn more about Global Headquarters.

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. Click here to learn more about Global Business Companies.

An offshore company that has its business activities and control & management outside of Mauritius, the Authorised Company is considered as foreign for tax purposes. Click here to learn more about Authorised Companies.

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. Click here to learn more about Protected Cell Companies.

  • Variable Capital Company (VCC)

A VCC is is a legal structure that can be used in both the traditional and alternative investment fund market ecosystem. The VCC provides more flexibility to users of fund structures that use Mauritius for their outbound investments.

Mauritius has evolved into a trustworthy jurisdiction for establishing and operating Trusts, especially used for the management, preservation and transmission of assets. Click here to learn more about Trusts.

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. Click here to learn more about Private Trust Companies.

A Mauritius Foundation is ideal to cater for succession & inheritance planning, management of private wealth, and asset-holding strategies. Click here to learn more about Foundations.

Fund Structures in Mauritius allow for investors and investment managers to route investments into Africa and Asia, among others. Click here to learn more about Funds.

  • 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.

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Investment and business opportunities in Mauritius

There are a number of opportunities for doing business in Mauritius in sectors such as:

  • Creative Industry;
  • Ocean Economy (Aquaculture and Seafood processing);
  • Healthcare and medical travel;
  • Logistics & distribution services;
  • Agro-Industry;
  • Hospitality and Real Estate;
  • Financial Services;
  • Manufacturing & light engineering;
  • Renewable energy and environment; and
  • Information Communication Technology.

 

Regulations for setting up a company in Mauritius

Company formation and registration in Mauritius are governed by the provision of the Companies Act 2001 and the Business Registration Act 2002. Both Acts are in line with the international best practice for modern domestic and international investors to invest more efficiently in Mauritius.

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. All companies should therefore abide by this Act, which governs the setting up of Limited Life Companies and offshore companies in Mauritius. The incorporation of offshore companies requires the approval from the Financial Services Commission, the institution in charge for the regulation, administration and inspection of all financial services in Mauritius. Furthermore, each business activity needs to be registered with the Registrar of Companies.

Intellectual Property is a shield to ideas and data that is of commercial significance. Intellectual Property Rights prevent other individuals from copying or making counterfeits and may keep a third party having the same idea from taking advantage of that idea. It is recommended, for any company that is registered and does business in Mauritius, to apply for a Trademark (for its name) and/or Patent (for the products it develops).

Intellectual Property Rights in the country are secured by the Patents, Industrial Designs and Trade Marks Act of 2002 and the Copyrights Act 2014.

 

How Sunibel can accompany 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 through Trusts and Foundations
  • Fund services and administration
  • Invoicing and back office
  • Finance, accounting and international taxation
  • Assistance in Listing on the Stock Exchange
  • Assistance with permits and relocation

Why Mauritius - Advantages of Setting up a company in Mauritius

 

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Disclaimer and important notices

This document has been prepared using sources believed to be reliable. However, their accuracy and completeness cannot be fully guaranteed. The statements and opinions it incorporates were formed after careful consideration and maybe subject to change without notice. This document is not, and should not be construed as, an offer or the solicitation of an offer to sell any services. The use of any information contained in this document shall be at the sole discretion and risk of the user.

Sunibel Corporate Services Ltd does not provide legal or tax advice and this document should not be construed as such. Sunibel Corporate Services Ltd expressly disclaims any and all liability for inaccuracies contained in the document and shall not be held liable for any damage that may result from any use of the information presented herein.

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