Company Structure in Mauritius
Legal basis - Mixed (civil law and common law)
Legal framework - The Companies Act 2001, Financial Services Act 2007, the Finance (Miscellaneous Provisions) Act 2012, the Finance (Miscellaneous Provisions) Act 2018
Company form - Authorized company (private company limited by shares)
Responsibility - The shareholders' liability for the company is limited to the amount of their respective shareholdings.
Share capital - There is no minimum declared capital requirement. Shares can be denominated in any currency except MUR. The shares can have a par value or no par value and must be fully paid up.
Shareholders - Authorized companies can be made up of at least one shareholder and a maximum of 25, which can be natural or legal persons and can be non-residents. Shareholder details are not being made public. The use of nominated shareholders is authorized.
Administrators - At least one administrator is required, who can be a natural person or a legal person. The contact details of the directors are not accessible to the public.
Secretary - The appointment of managers as a secretary is optional and can be a natural or legal person, resident or non-resident.
Registered address - Authorized companies must have a registered office in Mauritius, provided by an authorized registered agent.
General assembly - Authorized companies must hold an annual general meeting of their shareholders, which can be held anywhere. The first annual meeting of shareholders should take place no later than 18 months after incorporation. Annual meetings of shareholders must be held no later than 6 months after the closing date of the company and no later than 15 months after the previous annual meeting.
Electronic signature - authorized.
Re-domiciliation - Authorized.
Conformity - An authorized company is required to submit a tax return to the Mauritius Revenue Authority (MRA) within six (6) months of the end of its financial year.
Key figures of companies in Mauritius
|Official name||Republic of Mauritius|
|Proper noun||Republic of Mauritius (fr); Republic of Mauritius|
|Population||1,265,475 inhabitants (2020)|
|Population growth||-0.01 % / year|
|Density||630.53 inhabitants / km²|
|GDP||14.220 billion $USD (2018)|
|GDP / capita||11 239 $USD (2018)|
|GDP growth||3.80 % / year (2018)|
|Life expectancy||74.45 years (2019)|
|Fertility rate||1.40 children / woman (2019)|
|Mortality rate||‰ 8.80 (2019)|
|Literacy rate||98,72 % (2015)|
|Official languages||None (de jure), English, Creole and French (majority)|
|Change||Mauritian rupee (MUR)|
|HDI||0,796 / 1 (2018)|
|Nature of State||Republic|
|Head of state||President Prithvirajsing Roopun, aka Pradeep Roopun|
|National Holiday||March 12 (independence of 1968)|
|Codes ISO||MU, MUS|
|Tourists||1,383,488 people (2019)|
Stagnation of the population
Mauritius is a state in the Indian Ocean, located about 173 kilometers from Réunion, an island belonging to France, and 881 kilometers east of Madagascar. It is made up of Mauritius, Rodrigues (560 kilometers to the east), the Agalega Islands and the Saint-Brandon archipelago which are part of the Mascarene archipelago (with Reunion). Mauritius claims its sovereignty over the Chagos archipelago (United Kingdom) and the island of Tromelin (France).
After several difficult years for tourism, this essential sector for the country's economy is once again in good health. Other industries have developed widely, such as textiles or call centers, which have mushroomed in recent years (the country's multilingualism has something to do with it), but the global economic crisis has affected all communities. from the island.
The country has to reckon with increased competition from countries like neighboring India, China and Madagascar, where many Mauritian companies are increasingly outsourcing their basic production.
It must be said that the population density is very high, the highest in Africa, at 630 inhabitants / km2, and that the place is lacking more and more. The "Tiger of Africa" must renew its model and find new, more sustainable sources of development for its population.
Its population, in fact, is no longer growing. In recent years, growth has slowed down sharply, under the effect of emigration and the remoteness of the archipelago, but also and above all more and more because of accelerating aging. The fertility rate, at 1.4 children per woman, no longer makes it possible to renew the generations. In 2019, the population declined (-0.01 %) for the first time since independence.
Corporate Taxation in Mauritius
Corporate tax rate (IS)
|Global CIT rate (%)||15 (3% for companies exporting goods)|
Corporate tax (IS) due dates
|CIT return deadline||Within six months of the end of the fiscal year.|
|CIT final payment due date||Within six months of the end of the fiscal year.|
|Estimated due dates for CIT payments||Payable quarterly in advance within three months of the end of the Advance Payment System (APS) quarter.|
Personal income tax rate (PPI)
|Global PIT rate (%)||15|
Personal income tax (PIT) due dates
|PIT return due date||Three months after the year ended June 30 (i.e. September 30)|
|IRP final payment due date||September 30|
|Estimated PIT Payment Due Dates||For employees, Pay As You Earn (PAYE) is withheld by the employer from wages and salaries as well as other benefits.|
Self-employed people have to pay tax on their business income on a quarterly basis if their gross income exceeds MUR 4 million.
Value added tax (VAT) rate
|Standard VAT rate (%)||15|
Withholding tax rate (WHT)
|WHT rate (%) (Div / Int / Roy)||Resident: 0/0/10;|
Capital gains tax rate (CGT)
|Corporate capital gains tax rate (%)||N / A|
|Tax rate for individual capital gains (%)||N / A|
Wealth / Equity Tax Rate
|Global wealth / equity tax rate (%)||N / A|
Rate of inheritance and gift tax
|Rate of inheritance tax (%)||N / A|
|Gift tax rate (%)||N / A|