Formation de Sociétés à Maurice

 

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 nameRepublic of Mauritius
Proper nounRepublic of Mauritius (fr); Republic of Mauritius
ContinentAfrica
SubcontinentEast Africa
Population1,265,475 inhabitants (2020)
Population growth-0.01 % / year
Area2,007 km²
Density630.53 inhabitants / km²
GDP14.220 billion $USD (2018)
GDP / capita11 239 $USD (2018)
GDP growth3.80 % / year (2018)
Life expectancy74.45 years (2019)
Birth-rate10.20 (2019)
Fertility rate1.40 children / woman (2019)
Mortality rate‰ 8.80 (2019)
Literacy rate98,72 % (2015)
Official languagesNone (de jure), English, Creole and French (majority)
ChangeMauritian rupee (MUR)
HDI0,796 / 1 (2018)
IPE56,63 (2018)
Nature of StateRepublic
Head of statePresident Prithvirajsing Roopun, aka Pradeep Roopun
National HolidayMarch 12 (independence of 1968)
Codes ISOMU, MUS
NiceMauritian, Mauritian
Tourists1,383,488 people (2019)

Formation de Sociétés à Maurice

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).

 

Formation de Sociétés à Maurice

 

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.

 

Le Morne Brabant, à Maurice

 

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 deadlineWithin six months of the end of the fiscal year.
CIT final payment due dateWithin six months of the end of the fiscal year.
Estimated due dates for CIT paymentsPayable 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 dateThree months after the year ended June 30 (i.e. September 30)
IRP final payment due dateSeptember 30
Estimated PIT Payment Due DatesFor 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;

Non-resident: 0/15/15

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
NA means Not Applicable (that is, the territory does not have the stated tax or requirement)

NP stands for Not Provided (i.e. information is not currently provided in this chart)