There are various considerations for setting up a business in Mauritius.
This post, in particular, will explore:
If you are looking to invest as an expat or high-net-worth individual, which is what I specialize in, you can email me (advice@adamfayed.com) or WhatsApp (+44-7393-450-837).
This includes if you are looking for alternatives or a second opinion.
Some of the facts might change from the time of writing, and nothing written here is formal advice.
For updated guidance, please contact me.
The Business Registration Act of 2002 governs business registration and is applicable to all companies operating in the country.
Global Business Companies, partnerships, and sole proprietorships are among the several corporate structures Mauritius provides for the establishment of businesses.
Notably, majority of business categories have no minimum capital threshold.
Certain government bodies offer online registration services for new businesses.
You must provide certain documents as part of the registration procedure, including:
To operate lawfully after registering, you must get a trading license from the Industry, Commerce, and Consumer Protection Ministry.
It usually takes less than a week to complete the registration and licensing procedures, based on the kind of business you are creating.
A registration fee, which varies depending on the number of employees in the business, is necessary for persons registering as individuals.
Subject to the services and the kind of business structure selected, the cost to form a firm in Mauritius can vary from about $800 to just under $4,000.
Setting up an offshore company is accessible to business owners with little initial expenditure since there is no minimum capital specifications.
Competitive company tax rates in Mauritius are reportedly 15%; however, for some operations, primarily export-related ones, they might be as low as 3%.
Comparing this to many other countries where there can be additional taxes like capital gains tax or higher tax rates makes it advantageous.
Yet, establishing a company in other well-known offshore hubs, such as Panama, may come with more complicated legal requirements and initial setup expenses.
Mauritius imposes renewal charges of about $2,600 following the initial year, which cover compliance audits and secretarial upkeep for the company.
This may be less than continuing expenses in other locations where more severe regulatory standards may result in greater yearly charges.