The African island is establishing itself as one of the region’s most innovative economies. The stable economy and business-friendly policies have attracted companies from all over the world to establish themselves in Mauritius.
Mauritius company formation and business licenses
In Mauritius, there are a large number of licenses available. These licenses, if applicable, would be in addition to the company’s Global Business Licence (GBL). Payment Service Provider Licences exist, albeit they are known as Payment Intermediary Service Licences in Mauritius (PIS). The Investment Dealer Licence, with or without underwriting, is another common license. The Investment Advisor Licence and the Insurance Broker Licence are two licenses that are frequently sought after jointly. CIS Licences are available for all fund kinds. At the time, there is a major emphasis on funds investing in Africa. The Regulatory Sandbox Licence is the most important license for Fintech (RSL). In Mauritius, there are significant tax benefits for creative Fintech businesses.
Management Companies in Mauritius
Whatever type of Mauritius business creation you choose, you will almost certainly need a management company. An offshore management company’s objective is to incorporate a company, and offer a company secretary, a registered office, directors, and other key elements for your Mauritius-based businesses. Most licenses require one, and only a domestic corporation is exempt from this requirement. The FSC website has a list of management businesses, but no more information that would allow you to make an informed decision about which management company is the most appropriate or reliable. It is advantageous to choose Mauritius as the location for your next business venture or to establish an offshore company.
How to register a company in Mauritius
The Registrar of Corporations is responsible for domestic companies, whereas the Financial Services Commission is responsible for global business companies or any company that provides financial services. If you work with the appropriate team, business registration in Mauritius does not have to be too tough. It is not difficult to start a business in Mauritius, but one must know where to look and who to trust.
Mauritius has long been a popular alternative for international business people and their organizations due to its sophisticated legal, accounting, and banking infrastructure, entire exemption from all forms of local taxation, and high level of anonymity.
Procedure for Incorporation
It can take up to three days to incorporate. Before the registration is submitted, a name search will be undertaken. If your desired name is not available, we will notify you and provide some alternatives.
Share Capital
Bearer shares cannot be issued by a Mauritius IBC (also known as a GBC2 or Global Business Company Category 2). The IBC cannot offer shares to the general public or perform banking or insurance activity, nor may it own or operate a collective investment fund. However, the share structure can be altered. Although at least one share must be issued and paid up, there is no minimum capital requirement. Registered, preferred, redeemable, and fractional shares are among the options. It is possible to issue shares with or without a par value. Redeemable preference shares could also be issued.
Secretary, Shareholder, and Director
A director and shareholder are required. These firm officials’ names will not show in public records. It is not necessary to designate a secretary. In Mauritius, a Mauritius IBC must have a registered office and a registered agent.
Annual requirements
Annual audited financial statements are not required. However, the Financial Services Commission requires that a financial summary be filed.
Fiscal policy
In Mauritius, a Mauritius International Business Company (IBC) is not taxed. However, there is an annual government fee (payable to the Financial Services Commission) as well as an annual registration fee (payable to the Registrar of Companies).
