The positive environment of the country has always welcomed the foreign investors in the country to
do business in Mauritius. Business opportunities in Mauritius are on the rise and the country is always cooperative with the demands of the international market.
The infrastructure that is present in the country in the sectors of communications, banking and finance are capable at fulfilling the demands of the foreign tax practitioner and business. There are some definite steps that have to be followed to set up a business at Mauritius. In the first step an application has to be made at the Ministry of Industry and Medium Enterprise, Financial Services and Corporate Affairs’ Companies Division on the prearranged forms. This particular division is accountable for guideline setting and amalgamation of different companies at the country and also for maintaining their records.
In Mauritius there are various sectors where investment can be made like Information and Communication Technology and manufacturing. For
doing business in Mauritius, registered trademark is required. The trade marks for business are issued by the registered Patents and Trademarks sector of Ministry of Foreign Affairs, International Trade and Cooperation. In the country of Mauritius, a foreigner is eligible to hold 100% shares. In this case, one of the directors of the company has to inhabit in Mauritius and the foreign individual has to obtain a sanction from the Office of prime Minister.
In Mauritius it takes about 10 days to set up a business. The processes of setting up business are as follows:
- In the first place the name of the company has to be reserved
- Then the name of the company has to be incorporated and registered
- After this inspection by local authorities is carried out
- Then the license fees are to be paid
- The entrepreneur has to register with the Social Security Office
- Lastly the company seal has to be made
In Mauritius, the laws concerning income tax is based on the English law of income tax. The companies in Mauritius are lawfully accountable to pay out income tax on their profits at an even rate of 25%. A company, which is included in the country or has its scheming benefit in the country, is measured for tax reasons to be an occupant corporation. To the Mauritius companies various types of tax incentives are granted. The companies that hold certificate for Tax inducement are responsible to tax at an abridged rate of 15% while the scheduled companies are accountable to pay tax at the rate of 25%.
