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Mauritius

Legal form:

LLC, LLP, PLC, GBC

Delivery:

3 days

Price: $

3000

Payment methods:

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Requirements:

Document checklist:

Local legal address (Handled by B2B Hub) 

1.Passport
2.Proof of Residence 

Registrar

Organization name

The Registrar-General's Department

Abbreviation

Country

Mauritius

Phone

(+230) 201 1859

Listing
UK comapny formation (1).webp

About

Mauritius

Capital
Official languages
Population 
Currency

ISO 4217

Port Louis

English, French, and Mauritian Creole

1.3 million

Mauritian Rupee

MUR

FAQ

Q: What is the process for company formation in Mauritius?

A: The process for company formation in Mauritius involves obtaining necessary licenses and permits, registering the company with the Registrar of Companies, obtaining a tax identification number, and registering for social security contributions.


Q: What are the requirements for company formation in Mauritius?

A: The requirements for company formation in Mauritius include a minimum of one shareholder and one director, a registered office address in Mauritius, and a minimum share capital of MUR 25,000 for a private limited liability company.


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

A: Companies that can be formed in Mauritius include private limited liability companies, public limited liability companies, partnerships, and sole proprietorships.


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

A: The time it takes to form a company in Mauritius varies and can take up to several weeks, depending on the complexity of the registration process.


Q: What are the tax implications for companies in Mauritius?

A: Companies in Mauritius are subject to a corporate income tax rate of 15%, but may be eligible for a reduced tax rate under certain circumstances, such as being engaged in certain sectors or benefiting from a tax treaty.


Q: What is the legal system in Mauritius?

A: The legal system in Mauritius is based on English common law, with some influences from French civil law.


Q: What is the currency used in Mauritius?

A: The currency used in Mauritius is the Mauritian rupee (MUR).


Q: Can foreign nationals own a company in Mauritius?

A: Yes, foreign nationals can own a company in Mauritius. There are no restrictions on foreign ownership of companies in Mauritius.


Q: Are there any specific regulations for foreign-owned companies in Mauritius?

A: Foreign-owned companies in Mauritius are subject to the same regulations as domestically-owned companies.


Q: What are the benefits of forming a company in Mauritius?

A: Some of the benefits of forming a company in Mauritius include a favorable tax system, a strategic location in the Indian Ocean, a stable political and economic environment, and access to the African market. Additionally, Mauritius has a highly skilled and multilingual workforce, making it an attractive location for businesses.

Economy

Mauritius is an island nation located in the Indian Ocean off the coast of Africa. It has a population of 1.3 million people and a GDP of $14.3 billion, making it one of the most prosperous countries in Africa. The economy of Mauritius is largely based on tourism, with the sector accounting for around 25% of the country’s GDP. The country also has a strong manufacturing sector, which contributes around 20% of the GDP. The services sector is the largest contributor to the economy, accounting for around 55% of the GDP. The country has a strong banking sector, with the Bank of Mauritius being the largest bank in the country. The country also has a strong agricultural sector, with sugarcane being the main crop. The country also has a thriving fishing industry, with the country’s waters being home to a variety of fish species. The country also has a strong IT sector, with the country being home to a number of IT companies. The country also has a strong financial services sector, with the country being home to a number of international banks. The country also has a strong education sector, with the University of Mauritius being the largest university in the country. Overall, Mauritius has a strong and diversified economy, with the country being one of the most prosperous countries in Africa.

Taxation

Here is an overview of the taxation system in Mauritius:


Corporate Taxation:

- Companies registered in Mauritius are subject to a corporate income tax rate of 15%, with certain exemptions and incentives available for certain types of businesses.

- Corporate tax returns must be filed annually, usually by the end of September following the end of the tax year.

- Corporate income tax payments are made in two equal installments, due on the 15th day of the seventh month and the last day of the 10th month of the tax year.


Personal Taxation:

- Residents of Mauritius are subject to personal income tax on their worldwide income, while non-residents are taxed only on their Mauritian-sourced income. The tax rates range from 0% to 25%, depending on the income level.

- Personal income tax returns must be filed annually, usually by the end of September following the end of the tax year.

- Personal income tax payments are made in two equal installments, due on the 15th day of the seventh month and the last day of the 10th month of the tax year.


Value Added Tax (VAT):

- The standard rate of VAT in Mauritius is 15%, with reduced rates of 5% and 10% applicable to certain goods and services.

- VAT returns must be filed monthly, usually by the end of the month following the end of the VAT period.


Tax Payment Process:

- Taxpayers in Mauritius can make tax payments through various methods, including online payment systems and bank transfers.

- Taxpayers must file their tax returns and make their tax payments by the deadlines mentioned above.

- The Mauritius Revenue Authority (MRA) may conduct audits to ensure compliance with tax laws.


In summary, companies in Mauritius are subject to a corporate income tax rate of 15%, while residents and non-residents are subject to personal income tax on their worldwide and Mauritian-sourced income, respectively. VAT is imposed at a standard rate of 15%, with reduced rates for certain goods and services. Taxpayers must file their tax returns and make their tax payments by specific deadlines, and the MRA may conduct audits to ensure compliance with tax laws.

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