Where the majority of the shares of a Mauritian domestic company is held by a foreigner, the company will only be permitted to conduct business in Mauritius. Such a company will be required to obtain a Global Business Licence if it conducts business predominantly outside Mauritius.
Same rate of corporate taxation applies for domestic company and Global Business Company.
A domestic company is not regulated by the Financial Services Commission of Mauritius unless it is operating in the financial services sector.
| General | |
|---|---|
| Type of company | Domestic - Can be private or public |
| Applicable Law | Companies Act 2001 |
| Corporate Taxation | 15% |
| Double Taxation Treaty Access | Yes |
| Confidentiality | No. Records are public and available online. |
| Capital | |
| Stated Capital | Minimum MUR 1 |
| Currency | MUR |
| Shares and Shareholders | |
| Type | Limited by share, guarantee, both by shares and guarantee |
| Foreign Shareholders | Allowed |
| Directorships | |
| Minimum requirement | One resident director |
| Registered Office | |
| Requirement | Should be in Mauritius |
| Company Secretary | |
| Requirement | Qualified and resident |
| Bank Account | |
| Requirement | Principal bank account in Mauritius |
| Currency | MUR or foreign currencies |
| Board Meetings | |
| Requirement | Held and chaired in Mauritius |
| Accounts | |
| Requirement | Annual Financial Summary if turnover less than MUR 50 million. |
| If turnover exceeds 50 million, audited financial statements required. | |
| Filing | |
| Annual Return | Within 28 days of annual general meeting |
| VAT | |
| Requirement | Compulsory if turnover exceeds MUR 6 million Specific activities should compulsorily register for VAT irrespective of turnover |
| Trade Fee | |
| Requirement | Depends on business activity of company. Activities where the trade fee is less than MUR 5,000 are exempted from payment. |
| Fees | |
| Company Incorporation Fees |
Depends on business activity of company. MUR 3,000 for Private Company MUR 13,500 for Public Company |
| Annual Company Registration Fees |
MUR 500 (Small Private Company: Turnover not exceeding
MUR 10 million) MUR 2,500 (Small Private Company: Turnover exceeding MUR 10 million) MUR 9,000 (Private company: Turnover exceeding MUR 50 million) MUR 13,500 (Public Company) |