With its modern infrastructure, business-friendly regulatory framework and favourable business climate, Mauritius offers you the ideal environment to create and develop your business, whether you’re a Mauritian or foreign investor. You’ll be delighted to know that this small island is the ideal choice for companies looking to expand internationally while offering their employees a pleasant working and living environment.
With a low tax rate of just 15%, a skilled workforce at a competitive cost compared with Europe and parts of Asia, a social security charge of 15% and no taxation of dividends for amounts under Rs 3 million, your business is destined to thrive in Mauritius. Many companies, such as consulting firms, digital marketing agencies, online training courses, etc., have chosen to set up or open a branch in Mauritius to take advantage of these benefits.
How do I set up a business in Mauritius?
Mauritius offers a wide range of structures for setting up a business, but the process is simple and efficient. The first step is to register your company with the Registrar of Companies (ROC), providing the required documents such as the company’s articles of association and the identity documents of shareholders and directors. Once you’ve done this, you’ll receive a certificate of incorporation, which makes your company official.
Once your company has been registered, we recommend that you open a business bank account with a reputable bank, such as MCB, ABSA Mauritius or AFRASIA, to facilitate your commercial transactions. You will need to present your required documents such as the certificate of incorporation, the company’s articles of association, proof of identity of shareholders and directors, as well as information on business activities.
As real estate agents, we understand the importance of the licenses and permits required for certain types of business. If your business requires specific licenses depending on the type of activity you wish to carry out, you will need to apply for additional licenses and permits. Check with the relevant authorities to find out the legal requirements for your sector of activity.
Finally, as in any country, it’s also essential to comply with tax obligations in Mauritius. Familiarize yourself with the local tax system, particularly regarding corporate income tax, value-added tax (VAT) and social security contributions. If necessary, we’ll put you in touch with our partner chartered accountants to help you comply with the relevant tax laws.
With its favourable environment, Mauritius offers excellent opportunities for investment and business start-ups. It is an interesting process that requires upstream market analysis and understanding. Do not hesitate to contact us for personalized advice tailored to your project.
Source: SmartTraveller
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