Commercial companies in Mauritius are governed primarily by the following laws : "Companies act 2001" and "Business registration act 2002". All companies must register with the Business registration office ("Registrar of Companies" in Port Louis - One Cathedral Square Building 16 Jules Koenig Street, Basement or ground floor depending on the type of business). For companies with an activity requiring a GBL 1 or GBL 2 license (Status of "global business" with specific criteria including the proposed activity is operated outside Mauritius so with overseas customers and suppliers), it must go through an approved intermediary by the "Financial Services Commission" to mount the folder. This commission gives an answer in maximum 15 days from the filing of the case.
We can make a distinction between local companies working, which can be private and public, and companies under the GBL1 or GBL2 license depending on the "Financial Services Commission" (see : www.mcci.org from the Mauritius Chamber of Commerce and Industry for more information).
A company incorporated in Mauritius can be 100% foreign, with no minimum capital outside the banking and insurance sectors.
The Mauritian tax system is favorable to foreign investors and also encourages local entrepreneurs to create their businesses.The tax system includes :
The Mauritius Revenue Authority (MRA) is the agency responsible for collecting the tax on the income of individuals, corporate taxes, customs duties and certain social levies. The tax year runs from 1st January to 31st December.
For more information, visit the website of the "Mauritius Revenue Authority" : www.mra.gov.mu
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