Understand the Jurisdictions Setup Requirement Before Proceed Your Register Company in Mauritius
Mauritius is full of potential for the avid investor seeking to begin a new base and registering a company in Mauritius. The business environment in Mauritius is administered through the Business Facilitation Act, which provides a framework and guideline for businesses to start operations and adhere to the guidelines in place.
Investors have the option of choosing from a public company, private company, small private company or sole proprietor company to set up and register a business in Mauritius. A public company may have more than 25 shareholders, and a private company may not have more than 25 shareholders.
All business activities that are set up and registered in Mauritius will be registered with the Registrar of Companies. One of the good things for foreign investors is that companies registered in Mauritius can be 100% foreign owned with no minimal capital required to set up the company.
As an investor, it would be wise to note that each business structure in Mauritius is different in terms of category and the type of company you plan to establish. The best approach would be to assess the different options available and choose a structure best suited to your business needs.
Registering a company in Mauritius – The Procedure
The process of registering a company in Mauritius can be broken down into the following steps:
- Registering the company with the Registrar of Companies either online or at its headquarters. Once the company has been successfully incorporated, the Registrar of Companies would update the online Central Business Registration Database with the registered details of the company.
- Once the company has been registered, the company would receive an inspection by the local authorities. The Registrar of Companies would provide the relevant agencies with an electronic notice about the new registered business. The details would also include when the business is expected to begin operations. Agencies included in this are the Police Department, Fire and Safety Department, Ministry of Health and the Ministry of Environment for example.
- Once this has been completed, the company would then be required to pay the license fees, which will need to be paid within 15 days from the time the business begins operations.
- The next step would require registering with the Social Security Office, where the investor would be required to submit a completed Social Security Registration application form. The form would need to be submitted along with documents which include the employer registration, certificate of incorporation, a copy of the business registration card and the list of the company’s directors.
- The final step of the process involves making a company seal. The Certificate of Incorporation of the company and a letter requesting that the company make a seal would need to be submitted to the seal maker.
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