Company Formation in Mauritius
We can help you understand and select from the different types of Mauritius offshore companies available,
ensure your compliance with all legal regulations and help you with all aspects of the company set up.
Mauritius is emerging as one of the most progressive economies in the region. With its stable economy, low tax environment, and business-friendly laws, setting up a company in Mauritius has become an attractive choice for businesses worldwide. Whether you are looking at a domestic setup or exploring Mauritius offshore company formation, understanding the available options, legal structure, and licensing requirements is key.
Types of Companies in Mauritius
Since 2019, the older GBC 1 and GBC 2 structures have been phased out. Today, there are three types of companies relevant for both domestic and offshore structures in Mauritius:
- Global Business Company (GBC): Requires two resident directors and qualifies for tax residency in Mauritius. It offers benefits such as access to the Double Taxation Treaties and IPPAs.
- Authorised Company: Not tax resident in Mauritius. It does not benefit from tax treaties or other local incentives and cannot have resident directors.
Domestic Company: Quick and affordable to set up. Requires one resident director but is generally not used for offshore business operations.
When considering mauritius offshore company formation, it’s important to define your objectives and choose the right structure accordingly. Key considerations include where the company will be managed from, the location of clients, and the strategic role Mauritius plays in your business structure.
Mauritius Offshore Company Formation Timeframes
The timeframe depends on the type of entity:
- Domestic Company: Can be set up within a few days.
- Global Business Company: Takes approximately 4–6 weeks, especially when an offshore bank account is involved.
- Special Licences: Such as an Investment Adviser Licence or Payment Intermediary Service Licence can take several months
Documentation Requirements
All mauritius offshore company formation processes involve thorough KYC documentation for shareholders and directors. A detailed business plan is also required to satisfy the Financial Services Commission (FSC) and the bank that the business is legitimate.
Mauritius Offshore Company Formation Process
- Local Directors: Required for all company types; however, the client does not need to be physically present in Mauritius.
- Cost Structure: The first year typically incurs higher costs; annual fees reduce from the second year onward.
Hidden Costs: Not all administrative tasks are included in standard management company fees. Understand the full cost before proceeding.
Mauritius Business Licences
There are a significant number of licences available in Mauritius. Rather than list them all, we mention a few popular ones. These licences, if relevant would be in addition to the Global Business Licence (GBL) which the company will hold. There is a Payment Service Provider Licences, although in Mauritius it is called the Payment Intermediary Service Licence (PIS).
Other popular licences are the Investment Dealer Licence, with or without underwriting. Two licences that are often applied for together are the Investment Advisor Licence and the Insurance Broker Licence. There are CIS Licences with all fund types available. There is a strong focus on funds investing in Africa at the moment. The main licence geared towards FinTech is the Regulatory Sandbox Licence (RSL). There are large tax incentives to be undertaking innovative FinTech business in Mauritius.
What is the Role of
Management Companies
in Mauritius?
To ensure compliance when setting up a company in Mauritius, most businesses need a management company. Their role includes:
- Providing a company secretary
- Offering a registered office
- Appointing directors
- Managing regulatory and compliance obligations
TBI Mauritius is not a management company but works closely with trusted partners to ensure you are matched with the most appropriate provider based on your structure and licensing needs. The FSC maintains a list of authorised management companies, but there is limited public information to help you select the right one.
Advantages of Setting Up
a Company in Mauritius
Choosing this island as a destination to register a company in Mauritius or opening a Mauritius offshore company is beneficial for the following reasons:
- Ranked 1st in Africa for almost all rankings and indices including, World Bank Doing Business, Global Competitiveness Index, and the Mo Ibrahim Index of African Governance
- Business-friendly legislation
- A well-governed country with an independent judiciary
- Multi-lingual workforce
- Fintech-friendly
- No exchange Controls
- No tax on dividends
- Economic stability and prosperity
- Business-friendly trade agreement laws such as Double Taxation Agreements and Investment Promotion and Protection
- Agreements enabling easy access to investment in Africa
- Good business ethics
- Safety
- Strong infrastructure
Frequently Asked Questions
How do I set up a company in Mauritius?
We help you determine what type of company and licence you need, and we work with reliable management companies and legal professionals to handle the setup. We also help you find office space, staff, accommodation, and permits.
How do I register a company in Mauritius?
Domestic companies are registered through the Registrar of Companies. GBCs and financial companies must register with the FSC. Our team assists with the full process, including document preparation and regulatory submissions.
How do I register a self employed business in Mauritius?
A non-citizen must register with the Registrar of Businesses or operate as a one-person company. To qualify for a self-employed permit, you will need to invest USD 35,000, provide a bank statement, and commit to transferring funds within 60 days of the Occupation Permit issuance.
How do I start an offshore company in Mauritius?
To start an offshore company in Mauritius, work with a reputable management company. You will need to submit KYC documents, select the right company type, and prepare a business plan. We partner with the best management companies to guide you through the process.
How much does it cost to set up a company in Mauritius?
Costs vary by company type. Domestic companies are relatively low-cost, while mauritius offshore company formation (GBCs and Authorised Companies) involves setup, licensing, and management fees. For detailed cost information, visit our pricing page.
How do I open an offshore bank account in Mauritius?
A management company can help with the documentation and compliance for opening an offshore account. It is possible to open personal accounts independently, but for corporate accounts, using a management company is recommended.