The Republic has a combined legal system, namely: legal proceedings in the field of
entrepreneurship are mainly of the nature of the legal system of Great Britain. However,
substantive law is based more on the French Napoleonic code.
The official currency unit is the Mauritian rupee. English is the national language; however, French is the most spoken and local language.
The Republic pursues an active foreign policy aimed at international integration and cooperation. Member of many international organisations: WHO, WIPO, AU, IAEA, ACP countries, etc.
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From all the possible types of advantages that open up to the founders when incorporating a company, it is definitely worth noting:
Under current legislation in Mauritius, it is possible to register your business in the following legal forms:
Shareholders are liable to the extent of their capital contributions for the company's obligations to its creditors.
The liability of company members to third parties is limited to a fixed amount of the guarantee.
The company has both share capital and a fixed amount of guarantee, within the limits of which the shareholders (members) are liable for the company's obligations, in the event that the company's own assets are insufficient to meet its obligations to third parties.
The liability of the shareholders (participants) is not limited to the amount of contributed share capital contributed.
Any of the above-mentioned legal forms can be either private (restriction on the circulation of shares and the number of shareholders/participants - a maximum 50) or public.
To date, in the current version of the Mauritius Companies Act 2001, companies can be either a GBL (Global Business Licence) or an Authorised Company. This type of company is determined by the issuance of an appropriate type of licence by the authorities.
GBL will be required for all resident companies. An Authorised Company (AC) is an entirely new type of company, the business activities and actual management of which are conducted outside Mauritius. There are restrictions regarding the type of activities of this type of company: it is forbidden to conduct banking, financial and trust business.
Based on an analysis of the current legislation regulating business entities, the following can be said regarding the specifics of the company incorporation procedure:
The state has the following taxation features:
It should be noted that it is possible to reduce the tax base by 80% for the following types of income:
Due to such tax holidays, the tax rate can range from 0% to 3% on average.
VAT is charged by VAT-registered entities at a standard rate of 15% on all goods and services supplied by them in Mauritius (except those taxed at 0%), except for the following (non-exhaustive list):