GSL / Offshore and International Law / Offshore zones / Mauritius / Legislation of Mauritius

Legislation of Mauritius

Service packages «Mauritius, GBC» Service packages «Mauritius, Authorised company» Legislation Tax System Audit Services

List of laws and regulations

Act name
Scope of law
business registration
companies
financial services
foundations
income tax
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Tax treaties entered

Bangladesh (People's Republic of)
Barbados
Belgium
Botswana
Cabo Verde
China
Congo (Republic of)
Croatia
Cyprus
Egypt
France
Germany
Guernsey
India
Italy
Kuwait
Lesotho
Luxembourg
Madagascar
Malaysia
Malta
Monaco
Mozambique
Namibia
Nepal
Oman
Pakistan
Qatar
Rwanda
Senegal
Seychelles
Singapore
South Africa
Sri Lanka
Swaziland
Sweden
Thailand
Tunisia
Uganda
United Arab Emirates
United Kingdom
Zambia
Zimbabwe

Tax Exchange Information Agreement (TIEA)

Cape Verde
Gabon
Ghana
Jersey
Kenya
Morocco
Nigeria
Russia

List of state regulatory authorities

Ministry of Finance and Economic Development
Ministry of Foreign Affairs, Regional Integration and International Trade
Financial Services Commission
Corporate and Business Registration Department (A Department of the Ministry of Finance and Economic Development)

Corporate info

Legal system
common law for corporate matters
Types of entity
private limited company; public limited company; sole proprietorship; partnership; branch of a foreign company
Shelf companies permitted
No
Incorporation timescale for a new company
3 days
Company suffix
"Limited" or the word "Limitée" or the abbreviation "Ltd" or "Ltée"
Sensitive words
“Authority”, “Corporation”, “Government”, “Mauritius”, “National”, “President”, “Presidential”, “Regional”, "Republic", “State”, or any other word which in the Registrar’s opinion suggests, or is likely to suggest, that it enjoys the patronage of the Government or of a statutory corporation, or of the Government of any other State; “Municipal” or “Chartered” or any other word which in the Registrar’s opinion suggests, or is likely to suggest, connection with a local authority in Mauritius or elsewhere; “co-operative”; “Chamber of Commerce
Cyrillic alphabet permitted in company name
No
Local registered office
Yes
Local registered agent
Yes
Information to be kept at the registered office
the constitution of the company; minutes of the meetings and resolutions of shareholders within the last seven years; an interests register; minutes of all meetings and resolution of directors and directors’ committees within the last seven years; certificates given by directors under the Companies Act within the last seven years; the full names and addresses of the current directors; copies of all written communications to all shareholders or all holders of the same class of shares during the last seven years, including annual reports; сopies of all financial statements and group financial statements for the last seven completed accounting periods of the company; accounting records for the current accounting period and for the last seven completed accounting periods of the company; the share register; and the copies of instruments creating or evidencing charges required to be registered
Seal required, type of seal
not required
Redomiciliation (to, from) permitted
permitted

Director and secretary

Minimum number of directors
1
Residency requirements for directors
Depending on the type of company
Corporate directors permitted
Yes
Directors’ meetings/frequency/location
No requirements
Disclosure to local agent
Yes
Disclosure to public
No
Company secretary required
Depending on the type of company
Residency requirements for a secretary
No
Qualified secretary required
No
Corporate secretary permitted
Yes

Shareholder and beneficiary

Minimum number of shareholders
1
Residency requirements for shareholders
No
Corporate shareholder permitted
Yes
Meetings/frequency/location
No requirements
Disclosure to local agent
Yes
Disclosure to public
No
Beneficiary info disclosure to
No

Shares and share capital

Minimum authorized share capital
No requirements
Minimum issued share capital
No requirements
Minimum paid share capital
No requirements
Authorized capital payment deadlines
No requirements
Issued capital payment deadlines
Upon issue of shares
Standard currency
USD
Standard authorized share capital
1 USD
Standard par value of shares
No
Shares with no par value permitted
Yes
Bearer shares permitted
No

Taxes

Personal tax
10-15%
Min. rate for corporate tax
15%
Corporate tax (in detail)
The corporate income tax rate is 15%. Exporting companies pay tax on export income, determined according to the relevant rules, at a rate of 3%.
Capital gains tax
0%
Capital gains tax. Details
Gains from the disposal of assets are not taxed unless recognized as profits from commercial trading activities.
VAT
15%
VAT. Details
VAT rate is 15%
Withholding tax
0%/15%/15%
Other taxes
Social contributions, Real estate transfer tax, lease transfer tax, registration fee
Exchange control
No
Government fee
Stamp duty
25-1.000 MUR

Accounts

Requirement to prepare accounts
Yes
Requirement to file accounts
Yes
Publicly accessible accounts
No
Requirement to file Annual Return
Yes
Publicly accessible Annual Return
No
Audit required
No

General information shortly

Location
Eastern Africa
Total area
2.040 sq. km
Population
1.277.824 (2020)
Capital
Port Louis
National currency
Mauritian rupee
Conditional reduction of currency
MUR
Against USD
43,77 (2022)
Climate, average max and min t°
tropical, modified by southeast trade winds; warm, dry winter (May to November); hot, wet, humid summer (November to May)
Time difference from Moscow
- 1 hour
Dialing code
+230
State language
English
Ethnic groups
Indo-Mauritian 68%; Creole 27%; Sino-Mauritian 3%; Franco-Mauritian 2%
Literacy rate
99%
History
The Republic includes the islands of Mauritius, Rodrigues, Cargados Carajos, the Agalega Islands and a few others. The island of Mauritius was discovered in the beginning of the 16th century by the Portuguese. In 1683 the first Dutch settlement was established here. In 1715 these territories were conquered by France. In 1814 the island became a British colony and was officially named Mauritius. The island of Rodrigues was discovered in 1528. At first it was occupied by the Dutch, later it was colonized by France. In 1810 the island was conquered by Britain. Finally, it became part of the state of Mauritius. In 1968 Mauritius declared itself an independent state as a member of the British Commonwealth of Nations. In 1992 Mauritius became a Republic.
Credit rating
BBB+
Government type
Parliamentary democracy
Executive branch
Prime Minister (Head of government); Council of Ministers appointed by the president on the recommendation of the Prime Minister
Legislative branch
unicameral National Assembly (70 seats)
Judicial branch
Supreme Court, civil Court of Appeal, criminal Court of Appeal, and magistrate courts
Unemployment
10,9 (2020)
GDP per capita rank
74 (2020)
Corruption perceptions index rank
54 (2021)

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Banks of Mauritius

Bank
The cost of opening an account, $
Global rating
Countrywide rating
GSL rating
1 820
3 250
15
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