Mauritius Company Formation

Why Mauritius for Business

Mauritius is a beautiful country with a strong economy. Many investors and entrepreneurs have shown interest in this country for investment purposes. So, Mauritius company formation is in demand worldwide.

As one of the top international financial centres of the world, you must grab this opportunity to have a presence here. FAME can help you with setting up a business in Mauritius. Our Mauritius offshore company formation services include help in documentation, approvals, name selection, and procedure completion. So, if you are looking for a growing, secure, and credible jurisdiction, Mauritius is the destination for company setup.

Need help with setting up a business in Mauritius?

Benefits of Mauritius Company Formation

Mauritius, being an international business centre, offers many benefits to businesses. The government encourages foreign investment through several schemes and incentives. So, its popularity is growing among foreign entrepreneurs and investors. It can attract many businesses for offshore company formation owing to the following benefits it offers:

Economic Benefits

One of the benefits of setting up a business in Mauritius is its stable economy. Also, it has well-developed and advanced telecommunication, transportation, and infrastructure systems. Its financial, political, and social stability are the factors investors prefer when establishing companies in international jurisdictions.

Tax Benefits

Global Business Companies have to pay a corporate tax rate of only 3% on global earnings. The tax treaty network available to GBCs also gives you access to many tax benefits. Offshore companies are exempt from corporate taxes. Also, you have no burden of taxes on royalties, gifts, interests, inheritance, dividends, estate, and capital gains. You do not have to pay any stamp duties or registrar levies.

Ease of Doing Business

Many industry-specific incentive schemes exist, making Mauritius operations more attractive. Also, it ranks higher in the ease of doing business report. With such fast and easy administrative procedures, regulatory formalities, and incentive schemes, Mauritius appeals to international investors.

Flexibility

Mauritius allows 100% foreign ownership. So, you do not have to stress about local sponsorships. Mauritius does not impose any foreign currency controls on businesses. You can also repatriate all your capital, profits, and dividends to your country.

Low-Cost of Business Incorporation

The minimum share capital requirement in Mauritius is non-existent. But you need to have one issued share, which can have a nominal value of one US$. Thus, one US$ is enough for setting up a business in Mauritius.

Bank Account Needs

You can open a bank account at any international bank worldwide; having one in a local bank is not mandatory.

No Need for a Physical Presence

Your physical presence is not necessary for Mauritius company formation. You can manage all the formalities and procedures from remote location.

Confidentiality and Privacy

Although you need to file your officers’ names in the Register, they are not publicly available. Thus, you can maintain the confidentiality and privacy of your beneficial owners.

Prerequisites to Fulfil Before Setting up a Business in Mauritius

Mauritius company formation is easy, but you need to have the mandatory features prescribed by the government. You must meet the following prerequisites before setting up a business in Mauritius:

Possible Company Options

As an international investor, you can form either a Global Business License Company (GBC) or an Authorized Company (AC). An AC firm is incorporated in Mauritius but can only do international business. A GBC firm can operate in or from Mauritius.

License Types

You have two license options for Mauritius offshore company formation: commercial or professional.

Registered Office

You must have a registered office and a government-authorized local agent in Mauritius to manage all the communication with the regulatory authority. You must have a company secretary.

Requirements for Shareholders and Directors

For GBC firms, you need at least two shareholders. A wholly-owned subsidiary can have only one shareholder. Local natural or legal persons can be the shareholders in the Mauritius company. One Mauritian-resident natural person as a director is essential to set up a business in Mauritius. If you want treaty access, appointing two local directors is mandatory to show that effective management and control of your company are in Mauritius.

For AC firms, one shareholder and one director are essential, which can be individuals or corporates. Legal or natural persons as nominee directors and shareholders are allowed. They need not be a natural citizen and resident of the country. You are not permitted to hold bearer shares.

Annual Requirements

Filing your tax returns and audited financial statements are the annual requirements for GBC firms. These records are not available or accessible to the general public. But you must maintain these records in your registered office in the country. AC firms do not have to follow any specific accounting or reporting requirements.

Beneficial Owners

You must file your company officers’ details, including beneficial owners, in the Register. But this information is not available in public records.

License Renewal

Annual renewal of your business registration is mandatory, for which you must pay the relevant fees to the Financial Services Commission. Every business must also pay the Register of Companies of Mauritius an annual fee.

Naming Conventions

You can only have the following suffixes in your company name:

Inc.

Ltd.

Limited

S.A.

Corp.

Language Restrictions

All the documents you submit to the authorities must be in English. You must provide the English translation if they are in another language.

Procedure for Mauritius Offshore Company Formation

Mauritius offshore company formation is a straightforward process. It does not involve many steps, ensuring a hassle-free ride through it. Formation of an AC firm takes around a week, while the timeline is around two weeks for GBCs. The procedure to set up a business in Mauritius includes the following steps:

Step 1: Select a Business Activity

The first step in Mauritius company formation is selecting the activity in which you will operate. Along with the business activity, you must also choose the legal structure. Both these decisions enable you to determine the type of license needed.

Step 2: Select a Trade Name

In the second step, you must name your business. It depends on your personal choice, the business activity, and the legal structure. But before naming it, check whether the proposed name is available.

Step 3: Complete the Application Form

You must fill out the application form for Mauritius company formation. The application form contains details on the following:

Proposed business name
Name and address of the directors/shareholders of the company
Business activity
Legal structure
Shareholding percentage
Registered office address of the company
Full name of the applicant

You must submit the following documents for the Mauritius company setup while submitting the form:

A signed business plan (For GBCs, it must have 3-year financial forecasts)
CV
Certified copy of passports of directors and shareholders
Certified copy of proof of address dated less than three months of directors and shareholders
A copy of the constitution of the company
Bank reference letter
Number, class, and value of shares held by each shareholder

Step 4: Receive the Incorporation Certificate

After filling out the application form, you must make the payment. The Financial Services Commission processes your application and documents. On approval, you will receive the Certificate of Incorporation, business registration number, and Articles and Memorandum of Association.

Step 5: Opening a Bank Account

After receiving all the relevant documents, you must open a corporate bank account. The bank can be local or from anywhere in the world. You need to show all these documents to open a bank account.

Your Trusted Mauritius Business Partner

FAME can help you realize your business dream in Mauritius. Our Mauritius company formation process is fast, accurate, and hassle-free. Our consultants provide dedicated support for any queries. We also ensure the confidentiality and security of your data and information.

With our Mauritius company setup services, you will find help in:

Documentation preparation and submission
Completing formalities
Getting necessary approvals
Finding an office address
Appropriate name selection
Handholding throughout the procedure

So, wait no further; connect with us to register your business in Mauritius.

Just share your business idea with us.

Let FAME convert it into a business in Mauritius.