Mauritius, a beautiful island nation in the Indian Ocean, is an increasingly popular destination for business. With its strategic location, stable political environment, and a skilled workforce, it has become a hub for international investment. Registering a business in Mauritius is a straightforward process, and this article will guide you through the steps.
Table of Contents
Step 1: Choose your business structure
The first step in registering your business in Mauritius is to decide on your business structure. There are four types of business structures to choose from in Mauritius:
Sole Proprietorship
Partnership
Limited Liability Company (LLC)
Public Limited Company (PLC)
Sole proprietorship and partnership are the simplest structures and are best suited for small businesses. LLCs and PLCs are more complex structures, but they offer greater protection to business owners and shareholders.
Step 2: Choose your business name
Once you have decided on your business structure, the next step is to choose a name for your business. Your business name must be unique and not already in use by another company in Mauritius. You can check the availability of your chosen name on the Registrar of Companies website.
Step 3: Reserve your business name
Once you have chosen a unique name for your business, you will need to reserve it with the Registrar of Companies. You can do this online or in person at the Registrar’s office. The reservation is valid for 60 days, and you will need to provide your personal details and the details of your proposed business.
Step 4: Prepare your business documents
To register your business, you will need to prepare several documents, including:
Articles of Association: This document outlines the rules and regulations of your company and the responsibilities of the shareholders.
Memorandum of Association: This document outlines the objectives and powers of your company.
Certificate of Incorporation: This is the official document that confirms your company’s registration with the Registrar of Companies.
Step 5: Submit your business documents
Once you have prepared your business documents, you will need to submit them to the Registrar of Companies. You can do this online or in person at the Registrar’s office. You will also need to pay the registration fee, which varies depending on your business structure.
Step 6: Register for taxes
After you have registered your business, you will need to register for taxes with the Mauritius Revenue Authority. This includes registering for Value Added Tax (VAT), Income Tax, and National Insurance.
Step 7: Open a bank account
To conduct business in Mauritius, you will need to open a bank account in the name of your company. You will need to provide the bank with your Certificate of Incorporation and other relevant documents.
In conclusion, registering a business in Mauritius is a relatively simple process, but it is important to ensure that you follow all the necessary steps and requirements. If you need any assistance with the legal part of your business journey in Mauritius, Generis Global can help. Contact us today for more information on how we can assist you with your business needs in this country.