Starting a Business in Mauritius

Starting a business in Mauritius has become a highly appealing move for many entrepreneurs worldwide, thanks to the island’s pro-business environment and its multiple advantages. Whether you are a foreign investor or an entrepreneur seeking new opportunities, Mauritius offers an attractive tax system, a stable economy, and a strategic platform bridging Africa and Asia. Below, you will find a comprehensive overview of why and how to establish your company in Mauritius, the various types of corporate structures available, promising economic sectors, and the mandatory criteria for incorporation. You will also see how TrustQore can assist you through each stage of your company setup, as well as a frequently asked questions section to address common queries.

Why Set Up a Company in Mauritius?

Mauritius attracts business founders due to its remarkable environment for entrepreneurship. Below are the main reasons explaining why setting up a company in Mauritius is such an appealing prospect:

• A favorable economic climate: Mauritius boasts a dynamic and diversified economy with steady growth. It regularly ranks among the top countries worldwide for ease of doing business, claiming first place in Africa on the Ease of Doing Business index. Its modern infrastructure (offices, telecommunications, transport) and solid macroeconomic stability provide fertile ground for developing new ventures.
• An attractive tax regime: Mauritius maintains a unified corporate tax rate of 15%, which is significantly lower than most international averages. Additionally, the country imposes no capital gains tax or tax on dividends. Having signed more than 40 double taxation treaties, Mauritius enables you to avoid dual taxation and legally optimize your corporate tax burden.
• A stable legal and regulatory framework: Drawing upon a legal system influenced by British law, Mauritius enjoys solid and transparent institutions. The local business regulations are clear and consistent, delivering security and predictability to investors. Property rights are well protected, contractual obligations are respected, and an independent judiciary offers reassurance for entrepreneurs seeking a dependable jurisdiction.
• A strategic hub between Africa and Asia: Located at the crossroads of multiple continents, Mauritius is an ideal platform for expanding into African, Asian, and Middle Eastern markets. The country is a member of regional organizations (SADC, COMESA), which eases access to broader regional markets, and it holds advantageous trade agreements. Businesses seeking international expansion can leverage Mauritius’s location to tap into over 1.3 billion consumers in the surrounding region.
• A qualified and bilingual workforce: The Mauritian population is well educated, highly skilled, and fluent in both English and French. Entrepreneurs have access to trained professionals in diverse fields (finance, IT, marketing) who can easily communicate with Europe, Asia, and beyond. This linguistic and cultural ease constitutes a major advantage for companies aiming at global outreach.
• A pro-business government and conducive environment: Over the years, the Mauritian government has implemented incentives to attract foreign investment and foster entrepreneurship. Online administrative processes, government agencies like the Economic Development Board, and simplified regulations reduce the complexity of starting and running a company. The country’s political stability, established democracy, and anti-corruption drive create a trustworthy setting to develop businesses over the long term.

How to Proceed with Setting Up Your Company in Mauritius?

Registering a company in Mauritius is relatively straightforward and faster than in many other jurisdictions. Below are the main steps explaining how to proceed with setting up your company in Mauritius:

• Administrative and legal procedures: Begin by identifying the appropriate legal structure for your company (see the section on company types) and preparing the necessary paperwork. This includes drafting the company’s bylaws, determining the share capital, and appointing directors. Many entrepreneurs rely on local consultants or specialized providers to ensure compliance with local laws and to check name availability for the new business.
• Registration with the Registrar of Companies: Once your documents are ready, you can officially register the company with the Mauritian Registrar of Companies. The filing process is mostly online via the Corporate and Business Registration Department portal. You will submit the constitution documents and complete the required forms, pay the registration fees, and obtain both the Certificate of Incorporation and the Business Registration Card. If all documentation is complete, this procedure can be finalized within a few working days.
• Opening a professional bank account: After incorporation, you will need to open a bank account in the company’s name. Numerous local and international banks operate in Mauritius, offering comprehensive business banking solutions. The required documents typically include the Certificate of Incorporation, the Business Registration Card, ID documents for directors and shareholders, among others. Mauritian banks apply strict compliance standards (KYC, anti-money laundering), so you must provide all requested supporting documents. A local bank account allows you to receive payments, make commercial transactions, and manage your corporate finances conveniently.
• Obtaining licenses and permits based on your activity: Depending on your business sector, you may need specific licenses or permits before starting operations. For instance, financial companies require a license from the Financial Services Commission (FSC), restaurants need an operational permit, and import-export firms must hold the relevant trading licenses. The Economic Development Board (EDB) and other sector authorities guide investors in these procedures. Verifying regulatory requirements specific to your activity and ensuring you have the necessary documentation in place is crucial for compliance before you commence business.
• Tax and accounting obligations: Once your company is incorporated, it must be registered with the Mauritius Revenue Authority (MRA) to obtain a Tax Account Number (tax ID). All Mauritian companies must keep accurate accounting records and file annual returns. Depending on the company’s size and scope, VAT registration may be necessary if turnover is above the threshold (VAT is charged at 15%). You must file yearly financial statements and a corporate tax return. Larger companies or those with a Global Business Company license are also required to appoint an auditor and submit audited financials annually. Compliance with these obligations is essential to avoid penalties and demonstrate the credibility of your business.

The Different Types of Companies in Mauritius

Mauritius offers various corporate structures for company incorporation, each with different features, benefits, and requirements. The choice will depend on whether your focus is local or international, as well as on your long-term business objectives. Below are the main options:

• Global Business Company (GBC): This is the flagship structure for internationally oriented businesses. A GBC is a resident Mauritian company primarily conducting business outside of Mauritius (i.e., an offshore business). It requires a “Global Business” license from the FSC and must be managed and controlled in Mauritius (e.g., at least two local directors). A GBC is subject to the 15% local tax rate, but with potential foreign tax credits or partial exemptions that can reduce the effective tax rate to about 3% on offshore income. GBCs also benefit from Mauritius’s extensive tax treaty network, making them ideal for holdings, investment or trading companies aiming to minimize withholding taxes and avoid double taxation.
• Domestic Company: Also known as a “local company,” this type is intended for businesses targeting the Mauritian domestic market (or any activity not requiring offshore status). It is incorporated under the Companies Act 2001 and does not have geographic restrictions for operations. The Domestic Company is subject to the standard 15% corporate tax rate on profits and may still leverage the country’s international tax treaties for overseas income. Notably, there is no minimum capital requirement to establish a domestic company, making it easy to set up small or medium-sized enterprises without hefty investment. Foreign entrepreneurs can own 100% of the equity, as Mauritian law does not mandate local ownership (except in a few regulated sectors).
• Authorized Company (AC): Introduced more recently, this structure caters to businesses with purely offshore activities and no physical presence in Mauritius. The Authorized Company is considered tax non-resident in Mauritius, meaning it pays no corporate tax locally on foreign-sourced income. However, it cannot engage in commercial activity in Mauritius and has no access to the country’s tax treaties. The Authorized Company must be administered by a licensed local Management Company acting as its agent. This vehicle may suit investment or international trading activities requiring minimal substance, though its recognition can be lower than that of a GBC, and it cannot set up offices or hire staff in Mauritius.
• Partnerships and other legal structures: Besides limited liability companies, Mauritius permits the formation of partnerships (either general or limited) and other entities. Partnerships involve two or more parties who share profits under a partnership agreement. These are sometimes favored for projects or funds (as in Limited Partnerships used for private equity). It is also possible to establish a branch of a foreign company or create specialized entities such as Protected Cell Companies (PCCs)—often for funds or insurance. Furthermore, trusts and foundations are available for wealth management (though they are not “companies” in the strict sense). Each vehicle presents distinct advantages and requirements, so it is advisable to get legal advice on the best-fit structure for your objectives.

Business Opportunities and Thriving Sectors

Beyond its structural advantages, Mauritius offers real business opportunities across several high-potential sectors. Below are a few thriving industries where investing in Mauritius could be highly rewarding:

• Innovation and new technologies: Mauritius is strongly committed to developing its technology scene. The Ébène Cybercity—dubbed the local Silicon Valley—hosts many IT, fintech, and innovative startups. The government supports innovation through incubators, mentorship programs, and a Regulatory Sandbox License allowing new ideas to be tested in a relaxed regulatory environment. Fields like software development, online services, fintech, cybersecurity, and green technologies are growing rapidly and in constant need of entrepreneurial input to keep that momentum.
• Financial industry and banking services: Mauritius stands out as a leading international financial center in the region, hosting a robust banking sector and a wide range of financial services (fund management, insurance, fintech, etc.). Numerous global financial institutions have a presence in Mauritius. The regulatory framework, supervised by the Bank of Mauritius and the FSC, is comprehensive yet business-friendly from a tax perspective, making Mauritius a prime platform for setting up investment management firms, fund structures, financial advisory companies, or other offshore finance-related ventures.
• Real estate and hospitality: The Mauritian real estate market is booming, backed by investment incentive programs enabling foreigners to acquire property (e.g., PDS, IRS, and Smart City schemes). Development of hotel complexes, luxury villas, and business real estate generates a need for real estate promotions, architecture, property management, and related services. Meanwhile, tourism remains a cornerstone of Mauritius’s economy—potentially lucrative for ventures in hospitality, catering, or leisure given the country welcomes over one million visitors each year and aims at an upscale tourism segment.
• Import-export and international trade: Mauritius’s strategic location and port facilities make it an advantageous hub for international trade. The Mauritius Freeport grants customs and tax benefits to companies storing, processing, or redistributing goods through Mauritius. For anyone wanting to export goods to Africa, import from Asia, or act as a logistics intermediary, incorporating a trading company in Mauritius can leverage these infrastructures and favorable trade agreements. This helps optimize supply chains regionally.
• Green economy and renewable energy: The government encourages sustainable development. Opportunities abound in solar power, wind energy, recycling, waste management, organic farming, and ecotourism. Authorities stimulate renewable energy projects via guaranteed purchase plans and specific tax incentives. By investing in Mauritius’s green economy, you can help foster environmental progress on the island while benefiting from a fast-evolving market that welcomes innovation.
• Services and consulting: Mauritius also generates steady demand for business services. Consulting in management, human resources, digital marketing, accountancy, and legal services, as well as contact centers and BPO (Business Process Outsourcing) activities, all find favorable conditions on the island. Thanks to a pool of bilingual professionals and relatively competitive operating costs, Mauritius is attractive for service providers catering to external markets (like French-speaking customer support) or supporting local businesses in their expansion.

Creating a Company in Mauritius: The Criteria to Meet

Although Mauritius presents multiple advantages, setting up abroad involves observing certain criteria and obligations to ensure a successful and compliant business launch. Here are the main considerations when creating a company in Mauritius:

• Residency requirements for foreign entrepreneurs: Mauritius largely welcomes foreign investors and company directors, and no local residency is required just to form a company. However, if you plan to reside in Mauritius to manage your business on-site, you must secure a suitable residence permit. The most common is the Occupation Permit (OP) in the Investor category, available to those investing a minimum of USD 50,000 in initial capital and presenting a credible business plan (or proving an annual turnover of at least MUR 4 million after some years). Other options include the Professional Permit (if you employ yourself in your own company with a certain minimum salary) or the Self-Employed Permit for freelance entrepreneurs. Properly planning this residency aspect in advance is key if your project involves being physically present on the island.
• Minimum capital and financial obligations: As previously noted, Mauritian law imposes no mandatory minimum share capital to incorporate a private company. You can start with a symbolic capital (e.g., 1,000 MUR or even 1 USD) depending on your requirements. Nonetheless, certain licenses (especially in finance) or the Investor Permit demand a threshold investment. Furthermore, founders must ensure their company has enough funds to conduct operations and meet liabilities. Local banks often request an initial deposit when opening a corporate account (no fixed legal amount, but it varies according to the bank and sector). Once the company is operational, keep in mind that timely bookkeeping and payment of corporate taxes (income tax, VAT, social charges if relevant) are part of ongoing financial obligations.
• Compliance with local and international regulations: By incorporating your business in Mauritius, you must operate under all relevant national laws, notably the Companies Act 2001, the Financial Services Act (if you are in the financial sector), labor legislation, environmental regulations, and so forth. Depending on your activity, you must verify necessary permits and standards (for instance, health regulations for food businesses, building codes, etc.). Mauritius also aligns with multiple international standards in commerce and finance—such as global banking rules, WTO agreements, and IFRS accounting. Should your activities extend internationally, you must follow regulations in partner countries (customs, export controls, etc.). Achieving both local and international compliance is crucial for your company’s longevity and credibility.
• AML and other compliance rules: As a recognized financial hub, Mauritius takes compliance matters seriously. All companies, whether offshore or local, must adhere to AML/CFT (anti-money laundering and counter-financing of terrorism) guidelines. Specifically, you must maintain transparency concerning your company’s ownership and control (identifying beneficial owners), keep supporting documents for major transactions, and implement relevant internal checks to deter illegal activities. Mauritian authorities conduct regular inspections; banks and service providers (like corporate fiduciaries) will request detailed KYC (know your customer) information. Failing to meet these standards may trigger penalties, so it’s imperative to incorporate regulatory compliance procedures into daily management.
• The need for a registered agent or service provider: Certain company types, particularly GBCs and Authorized Companies, must be established via a licensed Management Company in Mauritius. This local provider holds a specific license and acts as a registered intermediary between you and the authorities. It will assist you in forming the company, provide local domiciliation (legal address), and ensure reporting compliance. Even for a domestic company, engaging an experienced service provider is strongly recommended—especially if you are unfamiliar with the Mauritian environment—so you can handle administrative, legal, and banking steps smoothly. TrustQore is one such international provider that can represent you and guide you throughout your company’s entire lifecycle in Mauritius (see next section). Choosing a reliable local agent is a key success factor, as it ensures your structure’s compliance while saving you valuable time on formalities.

TrustQore: Your International Service Provider for Company Formation

When venturing abroad, partnering with the right local expert to establish and manage your business is a major determinant of success. TrustQore is a leading international service provider specializing in company formation and management in Mauritius and other strategic jurisdictions. By working with TrustQore, you gain access to advanced expertise and tailored support throughout the entire setup process.

TrustQore and Its Expertise

With over 25 years of experience in Mauritius, Switzerland, the UAE, the BVI, South Africa, and the UK, TrustQore is powered by a multilingual team (including English and French) composed of highly skilled lawyers, accountants, and tax experts. This international presence and deep familiarity with Mauritian regulations make TrustQore a reliable ally to structure your expansion in Mauritius under optimal conditions.

Services Offered by TrustQore

We provide a full range of company formation and management services to support you:

• End-to-end incorporation (legal constitution, Certificate of Incorporation)
• Domiciliation and administrative management
• Corporate bank account opening
• Accounting, financial statements, and tax returns
• International tax optimization advice
• Company secretarial services (board meetings, annual reports, etc.)
• Regulatory and compliance monitoring

With TrustQore, you have a single point of contact who takes care of all the formalities so that you can focus on building your business.

Personalized Guidance and Compliance

Recognizing that each entrepreneurial project is unique, TrustQore provides tailor-made guidance. A dedicated consultant evaluates your goals and recommends the most suitable legal vehicle (GBC, domestic company, etc.), while ensuring total adherence to legal requirements. Our process involves rigorous compliance with local and global standards, including strong KYC protocols, on-time reporting, and best-practice governance. This combination of custom solutions and a strict compliance focus offers you the peace of mind needed to concentrate on growth.

Client Feedback and Success Stories

TrustQore’s reputation rests on our clients’ satisfaction. Countless businesses—from tech startups to investment companies—have entrusted us with establishing their presence in Mauritius. Our clients repeatedly emphasize our professionalism, responsiveness, and clear grasp of local procedures. Whether you are launching a small enterprise or setting up a multinational subsidiary, TrustQore has successfully steered numerous ventures in Mauritius. Our track record and renewed client confidence reflect our steadfast commitment to delivering top-notch services as a leading international provider.

Why Choose Mauritius for Entrepreneurship?

By now, you might be wondering why Mauritius stands out over other offshore jurisdictions or other countries. Below is a quick review of what sets Mauritius apart from the crowd:

• Comparison with other offshore jurisdictions: Unlike certain purely offshore “tax havens,” Mauritius offers a balanced approach combining low taxation and global credibility. Widely recognized for its effective financial governance, Mauritius is not labeled as a non-cooperative jurisdiction by international bodies (it adheres to OECD guidelines and was removed from the FATF grey list after improving its AML/CFT framework). Thus, entrepreneurs avoid the negative connotations tied to some offshore centers, yet still enjoy equivalent benefits in terms of cost savings. Compared to other finance hubs such as Hong Kong, Singapore, or Dubai, Mauritius has the added advantages of French language usage, lower living costs, and cultural ties to Europe and Africa—factors which may simplify business operations depending on your target markets.
• An entrepreneurial ecosystem and infrastructure: Mauritius has invested heavily in infrastructure to back economic growth. You will find business parks, commercial centers, coworking spaces, and dedicated economic zones (the Smart Cities integrating technology and work-life convenience). Broadband internet, reliable electricity, and advanced telecom networks meet the needs of today’s connected enterprises. Additionally, the local entrepreneurial scene is supported by institutions like the Economic Development Board, startup incubators, and frequent business events. Establishing a presence in Mauritius places you among a dynamic network where partnerships can flourish, talent is accessible, and funding options exist.
• Quality of life and expatriate perks: Beyond purely professional aspects, doing business in Mauritius lets you enjoy an exceptional lifestyle. The tropical climate, beautiful beaches, and preserved nature provide a pleasant work-life balance. The population is multicultural and welcoming to expatriates. Language barriers are minimal (English and French are both official), personal safety is good, and health/education facilities are of a high standard (private clinics and international schools serve families relocating to Mauritius). Living costs are relatively manageable compared with major global business hubs, enabling entrepreneurs and foreign employees to maintain a comfortable standard of living. There are also interesting benefits for foreign residents, including long-term residence permits (10-year renewable) for eligible investors and, in some cases, permanent residence after a few years.
• Economic outlook and political stability: Mauritius showcases a steadily growing and resilient economy. Over time, the country has transitioned from an agriculture-based model (sugarcane) to a diversified economy (textiles, tourism, finance, ICT) and continues evolving in new fields (blue economy, AI, etc.). Economic indicators are positive, demonstrating the island’s adaptability to global shifts. Politically, Mauritius is a stable democracy since its independence in 1968, with regular elections and peaceful power transitions. This continuity and the government’s long-term vision create secure conditions for investment and entrepreneurship without fear of upheaval. National strategies aim to reinforce Mauritius as a leading financial and technological hub in the Indian Ocean, which indicates a solid platform for long-term business expansion.

Frequently Asked Questions (FAQ)

What is the timeline for registering a company in Mauritius?
Business formation timelines in Mauritius are generally brief. After gathering all required documentation and submitting it online, registration with the Registrar of Companies can be completed in just a few working days (commonly 2–5 days). The Certificate of Incorporation is issued swiftly due to the digital system. Bear in mind that it may take additional time if you require specialized licenses or regulatory approvals for specific industries. Overall, for a straightforward entity, expect about one week to be fully established. For structures needing sector licenses (e.g., in finance), it may span several weeks.

What is the cost of setting up a company in Mauritius?
Costs vary depending on the company type and the level of professional services required. Government filing fees (registration fees) are relatively modest (usually a few hundred euros, depending on share capital and structure). Additional expenses include service fees from a consultancy or management company, especially if you employ one to handle the process. For instance, requesting help from a provider such as TrustQore may include a range of professional services (registration, domiciliation, bank account opening, etc.) whose cost scales with your project’s complexity. Overall, establishing a simple company without any special licenses remains affordable compared to other destinations. Request a tailored quote beforehand to accurately plan your budget, including official fees and the provider’s assistance.

Can a foreigner own 100% of the shares in a Mauritian company?
Yes. Mauritius allows 100% foreign ownership in both local (domestic) and offshore companies. A foreign investor can fully create and hold shares in a business without needing a local partner. The legislation supports foreign direct investment, imposing no constraints on majority ownership except in rare strategic industries. Whether forming a domestic company or a GBC, a non-resident can hold all shares. You simply need to have a Mauritian registered office and fulfill administrative procedures, but there is no statutory requirement to allocate any portion of shares to Mauritian nationals.

What are the tax and accounting obligations for a Mauritian company?
Mauritian fiscal and accounting requirements are comparable to those found in most countries, yet more advantageous in certain areas. Each business must maintain accurate, up-to-date accounting records tracking its transactions. At the end of the fiscal year (commonly June 30 or December 31, as chosen), annual financial statements must be prepared. Large companies or those holding a GBC license need an audit performed by a certified auditor. Tax-wise, a Mauritian company must file an annual corporate tax return and pay 15% on its profits to the Mauritius Revenue Authority. For those exceeding the threshold, VAT declarations must be submitted monthly or quarterly. If your company employs staff, monthly pay-as-you-earn (PAYE) tax withholdings and social security contributions (National Social Contribution) apply. Mauritius does not levy taxes on dividends or capital gains, thereby simplifying matters for shareholders. In summary, you must pay tax on corporate profits and VAT if liable, ensuring compliance with consistent bookkeeping. Many opt to hire a local accounting service or a firm like TrustQore to handle these obligations accurately and punctually.

Is it possible to obtain a residence permit as an entrepreneur in Mauritius?
Yes. There are direct ways to acquire a residence permit as an entrepreneur in Mauritius, subject to certain criteria. The main avenue is the Occupation Permit Investor, intended for those establishing or investing in a local company. To qualify, you must invest at least USD 50,000 in your Mauritian company and prove the viability of the project. The initial investor permit is typically valid for 10 years (renewable), subject to meeting business performance targets—offering extended residency. Alternatively, if you plan a smaller consulting or freelance venture, you can seek the Occupation Permit Self-Employed, which requires proof of a monthly income of at least MUR 30,000 after two years and an initial investment of roughly USD 35,000. Finally, the Occupation Permit Professional is another route if you designate yourself as a salaried employee within your own company (with a monthly salary of at least MUR 60,000, or MUR 30,000 in the ICT sector). All these options permit you to live and work legally in Mauritius. Some individuals may also gain permanent residence status by investing in local real estate programs (purchasing a property above USD 375,000 within authorized schemes). If you intend to live in Mauritius, it is recommended to consult the Economic Development Board or an experienced service provider for guidance on obtaining the most suitable entrepreneur residence permit.

Building a business in Mauritius grants you a low-tax, well-regulated, and internationally esteemed platform with an excellent lifestyle and easy access to global markets. An international partner like TrustQore can streamline every step of the incorporation and management process, allowing you to focus on growing your venture successfully.