Domestic Company
Domestic Company
A Domestic Company is incorporated under the Companies Act 2001 and is primarily intended to conduct business within Mauritius. It can be set up as a private or public company and is subject to local corporate tax and regulatory compliance.
Domestic Companies are eligible for tax residency in Mauritius and can access the country’s network of Double Taxation Avoidance Agreements (DTAAs), provided substance requirements are met.
Our Products
Key Features
- Incorporated under the Companies Act 2001
- Can be private or public
- Eligible for tax residency and DTAA benefits
- Subject to corporate tax at 15%
- Records are public and accessible online
Shareholding & Capital
- Minimum stated capital: MUR 1
- Capital denominated in Mauritian Rupees
- May be limited by shares, by guarantee, or both
- Foreign shareholders are permitted
Governance & Compliance
- Minimum one resident director
- Qualified and resident company secretary required
- Registered office must be in Mauritius
- Principal bank account must be held in Mauritius
- Board meetings should be held and chaired in Mauritius
Financial Reporting
- Annual financial summary required for companies with turnover below MUR 50 million
- Audited financial statements required if turnover exceeds MUR 50 million
- Annual return to be filed within 28 days of the annual general meeting
VAT & Trade Fees
- VAT registration is mandatory if turnover exceeds MUR 6 million
- Certain business categories must register for VAT regardless of turnover
- Trade fees vary by business activity; companies below MUR 5,000 in fees may be exempt
Incorporation & Fees
- Private company incorporation: MUR 3,000
- Public company incorporation: MUR 13,500
- Annual registration fees range from MUR 500 to MUR 13,500 depending on turnover and company type
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 |
|
|
Annual Company Registration Fees |
|
