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Mauritania

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3 months

Price: $

3000

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Requirements:

Document checklist:

Local legal address (Handled by B2B Hub) 

1.Passport
2.Proof of Residence 

Registrar

Organization name

Abbreviation

Country

Mauritania

Email

Phone

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About

Mauritania

Capital
Official languages
Population 
Currency

ISO 4217

Nouakchott

Arabic and French

4,327,959 (as of 2019)

Ouguiya

MRO

FAQ



Q: What is the process for forming a company in Mauritania?

A: The process for forming a company in Mauritania involves several steps. The first step is to obtain a business registration form from the Commercial Court. The form must be completed with information about the company's name, purpose, shareholders, and share capital. The completed form must then be submitted to the Commercial Court, along with other required documents.


Q: What types of companies can be formed in Mauritania?

A: The most common types of companies formed in Mauritania are Limited Liability Companies (Société à Responsabilité Limitée or S.A.R.L.) and Public Limited Companies (Société Anonyme or S.A.).


Q: What is the minimum share capital required to form a company in Mauritania?

A: The minimum share capital required to form a company in Mauritania depends on the type of company being formed. For an S.A.R.L., the minimum share capital required is MRO 500,000, while for an S.A., the minimum share capital required is MRO 5 million.


Q: Do I need to have a physical office in Mauritania to form a company?

A: Yes, a physical office in Mauritania is required to form a company. The company must have a registered office address in Mauritania, and this address must be used for official correspondence.


Q: What are the tax implications of forming a company in Mauritania?

A: Mauritania has a corporate tax rate of 25%. Additionally, companies may be subject to other taxes, such as the value-added tax (VAT) and the withholding tax.


Q: How long does it take to form a company in Mauritania?

A: The time required to form a company in Mauritania can vary depending on the type of company and the complexity of the registration process. In general, it can take anywhere from several weeks to several months to form a company in Mauritania.


Q: What are the ongoing compliance requirements for companies in Mauritania?

A: Companies in Mauritania are required to comply with various ongoing compliance requirements, such as filing annual financial statements and maintaining a registered office in Mauritania. Additionally, companies may be subject to other requirements based on their specific business activities.


Q: Can a foreigner form a company in Mauritania?

A: Yes, foreigners are allowed to form companies in Mauritania. However, they may be subject to additional requirements, such as obtaining a residency permit in Mauritania or appointing a local director.

Economy

"Mauritania has seen a steady improvement in its economy over the past few years. According to the World Bank, the country’s GDP grew by 4.2% in 2019, up from 3.7% in 2018. This growth was driven by increased activity in the mining, construction, and services sectors. The country’s inflation rate also decreased from 4.2% in 2018 to 3.2% in 2019.

The country’s unemployment rate has also decreased from 15.2% in 2018 to 14.2% in 2019. This is due to increased investment in the country’s infrastructure and the creation of new jobs in the mining and services sectors.

Mauritania’s foreign direct investment (FDI) also increased from $1.2 billion in 2018 to $1.5 billion in 2019. This is due to increased investment in the country’s mining sector, which has seen a surge in activity in recent years.

Overall, Mauritania’s economy has seen steady growth over the past few years, driven by increased investment in the mining, construction, and services sectors. The country’s unemployment rate has also decreased, and foreign direct investment has increased."

Taxation

Mauritania is a country located in West Africa and has a tax system that includes both corporate and personal income taxes. Here is an overview of the tax system in Mauritania:


Corporate taxation:

- The corporate income tax rate in Mauritania is a flat rate of 25%.

- Resident corporations are taxed on their worldwide income, while non-resident corporations are only taxed on income sourced from Mauritania.

- Capital gains are taxed at the same rate as corporate income.

- The country also has a value-added tax (VAT) of 14%.


Personal taxation:

- The personal income tax system in Mauritania is progressive with rates ranging from 0% to 30%.

- The first 60,000 Ouguiya (Mauritanian currency) earned by an individual is tax-exempt.

- Non-residents are only taxed on income sourced from Mauritania.


Tax payment process and calendar:

- The tax year in Mauritania runs from January 1st to December 31st of the same year.

- Taxpayers are required to file their tax returns and pay any taxes owed by March 31st of the year following the tax year.

- Corporate income tax payments are made on a quarterly basis, with the first three quarters due on the 15th day of the month following the end of the quarter and the final quarter due by March 31st of the following year.

- Personal income tax payments are made through the employer withholding system, with payments made on a monthly basis.

- Late tax payments are subject to penalties and interest charges.


It's worth noting that Mauritania has faced challenges with tax evasion and non-compliance, which has led to a relatively low tax revenue-to-GDP ratio. The government has taken steps to address this, including increasing tax enforcement efforts and implementing reforms to simplify the tax system and reduce compliance costs for taxpayers.

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