Mauritius is situated in the Indian Ocean, approximately 2400 kilometres off the South East Coast of Africa. The island, which is of volcanic origin, covers an area of 1,865 square kilometres or 720 square miles. Coral reefs surround most of the coast except the south. Mauritius has a population of 1.3 million, and most Mauritians are multilingual; Mauritian Creole, English, French, and Asian languages are used. Mauritius highly ranked for democracy and for economic and political freedom with its rich history and a mix of various cultural traditions, Mauritius is a privileged country to live. An attractive and thriving place for business with an incomparable art de vivre, Mauritius is home to the citizen of the world. Read more

The sustained growth and diversification of the economy has had a favourable impact on the development of the country with increased transfer of technology, knowledge, talents and capital. In its pursuit to become a high-income economy, Mauritius is actively encouraging foreign talents, know-how and investment that will bring added value to the country. Whether you are an investor, a professional, a self-employed or an even retired foreigner, there are a number of compelling reasons to consider Mauritius as your location for doing business and/or living as follows:

  1. Mauritius offers a business environment which is very conducive to investment and business growth.
  2. Mauritius offers excellent career & business opportunities for professional employees, self employed person and investors who are in search of security, transparent regulation.
  3. Mauritius offers a low tax rate of 15% and a simplified fiscal regime.



MTo start a business in Mauritius, first of all, we need to decide on the business structure. It is not complicated to set up a domestic company in Mauritius. A domestic company can be incorporated with a single shareholder, without a Constitution (M&A) and with no minimum paid-up share capital, within 3 working days. It is more complicated for a Category I Global Business Company (GBC1) or a Category 2 Global Business Company (GBC2) – also known as ‘offshore companies’ since enhanced due diligence is required by law and it can thus take at least 7 days for a GBC 2 and up to 3 weeks for a GBC 1 to be incorporated. Read more

The Companies Act 2001 provides for several types of companies;

  • Domestic Company;
  • Company holding a Category 1 Global Business Licence;
  • Company holding a Category 2 Global Business Licence

  1. Company Limited by Shares - A company formed on the principle of having the liability of its shareholders limited by its constitution to any amount unpaid on the shares respectively held by the shareholder.
  2. Company limited by Guarantee - A company formed on the principle of having the liability of its Members limited by its constitution to such amount as the Members may respectively undertake to contribute to the assets of the company in the event of its being wound up.
  3. Company limited by shares and guarantee - Company limited by shares and by guarantee means a company formed on the principle of having the liability of its members (1) who are shareholders, limited to the amount unpaid, if any, (2) to those who have given guarantee, limited to the amount they have undertake to contribute.
  4. Limited Life Company - Company where constitution limits its life to a period not exceeding 50 years from the date of its incorporation. However, this period may be extended to a maximum of 150 years. Its constitution contains the specific matters as laid down in the law.
  5. Dormant Company - A dormant company is one which has no significant accounting transaction during a certain period of time. A significant accounting transaction excludes the payment of bank charges, licence fees and any compliance costs. A company may declare itself to be dormant by passing a special resolution which it shall file with the Registrar 14 days of the date of resolution.
  6. Foreign Company - A foreign company, must within one month of establishing a place of business in Mauritius, register a branch of the foreign company in Mauritius.

The documents required prior to registration are:

  • a certificate of notice of reservation of name
  • an authenticated copy of its Certificate of Incorporation or document of similar effect
  • an authenticated copy of its constitution or memo and articles
  • a list of directors containing full names, residential address, occupation
  • a memorandum of appointment or power of attorney executed by the foreign company
  • appointing two local authorised agents to the branch, who shall signify their consent in writing
  • a notice of its registered office in Mauritius

Any change in the constitution, directors, authorised agents or their addresses, registered office and name shall be notified to the Registrar within one month of the change.

A foreign company must within three months of its annual meeting of shareholders, file with the Registrar, a copy of its last accounts as well as a copy of the last financial statements of the local branch within six months of the end of the accounting period.

Where the branch of the foreign company ceases to have a place of business in Mauritius it must within 7 days of the date of cessation, file with the Registrar a notice to that effect.

Categories of Companies under Company Act ( 2001)

A Company can be either a private or a public.

Private Company:

  • must not have more than 25 Shareholders;
  • cannot make offers to the public to subscribe for its shares.
  • may impose restrictions on the transfer of shares.
  • may dispense with holding of shareholders’ meetings under s. 117 and 106
  • may remove a director by special resolution subject to constitution.
  • may appoint a director aged over 70.
  • may dispense with the obligation to prepare an annual report by unanimous resolution (s. 218(2))
  • may dispense with obligation to keep an interest register by unanimous resolution.

Public Company may offer to sell its shares to the public, and may have more than 25 shareholders.

A small company is one with a turnover less than 50 millions rupees and it is not a company holding a category 1 Global Business License.


Define Micro, Small and Medium Enterprises (MSMEs)?

Small and Medium Industries Organization (SMIDO), defines SMEs as those engaged in manufacturing with an investment in production equipment not exceeding 10 million rupees. Therefore, Small enterprises have fewer than 9 workers whereas a Medium enterprise has 10 to 50 workers.



Companies Act 2001
The Companies act 2001 requires companies to keep adequate accounting records which clearly explain the transactions and financial Position of the Company. Accounts are prepared for each financial year and the 1st set of Account should not exceed a period of 18 months, however, once the company has been incorporated, once in every year the company should prepare and submit an Annual Return to Registrar of Companies.

A Small private Company has an annual turnover less than Rs 50 million and the annual registrar fees is Rs 2,500.

A private company will make annual turnover more than Rs 50 million and the annual registrar fee is Rs 9,000.

A large company is a public company with at least 25 shareholders and the annual registrar fees is Rs 13,500.

Financial Statements for domestic companies must be completed within six months after the balance sheet date and filed with the Registrar of Companies after 28 days of the annual meetings. Read more

A small and private company shall file with the Registrar of Companies a financial summary or a financial statement, whereas the private and public companies the financial statement should be prepared in accordance with International Accounting Standard and comply with any requirement which applies to the company’s financial statement under any other enactment.

All Financial Statement should be prepared in MUR currency unless otherwise approved by Registrar.

However, Small private company does not need an audited account whereas company reaching Rs 50 million should prepare audited account.


Financial services Commissions

The Financial Services Commission, Mauritius (the 'FSC') is the integrated regulator for the non-bank financial services sector and global business. Established in 2001, the FSC is mandated under the Financial Services Act 2007 and has as enabling legislations the Securities Act 2005, the Insurance Act 2005 and the Private Pension Schemes Act 2012 to license, regulate, monitor and supervise the conduct of business activities in these sectors.


Money Laundering Regulations

Money laundering is the process of disguising, through conversion, concealment and transfers, proceeds derived from illegal activity to legitimize their future use. AML/CFT is a widely used abbreviation for Anti-Money Laundering and Combating Financing of Terrorism; therefore the Financial Intelligence Unit was established under section 9 of the Financial Intelligence and Anti Money Laundering Act in August 2002. It is the central Mauritian agency for the request, receipt, analysis and dissemination of financial information regarding suspected proceeds of crime and alleged money laundering offences as well as the financing of any activities or transactions related to terrorism to relevant authorities. Read more

The FIU also issues guidelines to banks, financial institutions, cash dealers and members of the relevant professions on the manner in which a suspicious transaction report should be made. There is cooperation between the FIU and domestic investigatory or supervisory authorities and exchange of information with overseas FIUs or comparable bodies.

Furthermore, the FIU is assigned to conduct research on the causes and consequences of money laundering and terrorist financing through participation in projects.

The FIU is a member of the National Committee on AML/CFT and is involved in instruction and awareness-creation on AML/CFT issues.


Data Protection Act

The Data protection Act 2004, is a fundamental component of today’s society and the development of good data protection practices contributes to fostering public trust. It ensures that people know to control how personal information about them is used or, at the very least, to know how others use that information. Data controllers are people or organisations holding information about individuals and they must comply with the data protection principles in handling personal data, and “data subjects” are individuals who have corresponding rights. The objective of the DPA is to provide for the protection of the privacy rights of individuals in view of the developments in the techniques used to capture, transmit, and manipulate, record or store data relating to individuals.


Bribery Act

The Bribery Act 2010 creates an offence to give or receive bribe which can be committed by commercial organisations, for more info please refer to ,a ( )



The Government has put in place a number of business development programmes to assist entrepreneurs to grow their business.

Mauritius Business Growth Scheme Unit

The Mauritius Business Growth Scheme (MBGS) Unit was set up by the Government of Mauritius in collaboration with the World Bank. Using a market-driven approach, we aim to boost firm-level competitiveness and private sector-led growth.

The overarching objective of MBGS is to facilitate the maximum possible growth in private sector economic activity by supporting enterprise productivity and competitiveness, specifically in areas of skills and training, technology upgrading, innovation, quality standards and business development.

MBGS offers two exciting financial schemes to private sector companies registered in the Republic of Mauritius, which can be existing, well established businesses, or innovative start-ups.

The MBGS Unit was established to provide direct assistance and support to any commercial activity contributing to the economy of Mauritius.

MBGS Unit delivers three core services to beneficiary firms, intended to complement each other:

  1. A 90-10 Payback “Technical Assistance” Scheme for the buying-in of more specialised outside expert services, beyond the generalist hand-holding provided by the advisors within the MBGS Unit. This is referred to as the 90-10 payback scheme, or loan.
  2. A new Payback “Start-ups Entrepreneurship” Scheme to enable creative entrepreneurs to be paid a monthly salary for one year through MBGS, in order to “make the jump” into a new, creative and innovative business.
  3. Mentoring, or hand-holding, assisting and advising beneficiary firms with the planning and implementation of a plan for business growth and strategy – this being typically based on regular site visits, provided directly by the professional staff of the MBGS Unit, free of charge.

Development Bank of Mauritius

The Development Bank of Mauritius was established as a parastatal body. The purpose of the bank as enshrined in the Development Bank of Mauritius Ordinance No 34 of 1963 was to facilitate the industrial, agricultural, and economic development of Mauritius.


Business Development Scheme Read more
Purpose of Loan To finance projects in the following sectors:
  • Manufacturing - start-ups, expansion, modernisation, computerisation, working capital finance
  • Trade and service - setting up, expansion, modernisation, computerisation, working capital finance
  • Transport - purchase of public service vehicle (taxis, buses, lorries etc), installation of GPS-based security, anti-theft and energy-saving devices
  • Printing and publishing - setting up, expansion, modernisation, computerisation
  • Health – setting-up, expansion, refurbishment of clinics, pharmacies
  • Tourism – setting-up, expansion, refurbishment of hotels/restaurants, purchase of contract cars
  • Any other tourism-related activity
  • Professionals - setting up of office
  • ICT - start-ups, expansion, modernisation and other ICT-related projects
  • Art – art exhibition, recordings, stage plays, publication of books
  • Participation in overseas trade fairs and surveys
  • Purchase of land for industrial, agricultural or commercial purpose for own use
  • Purchase or construction of industrial, commercial or office building for own use
Maximum Loan Amount 75% of project cost up to a ceiling of Rs 5 M
Interest Rate Repo Rate + 3 % p.a
Repayment Period Up to 8 years
Moratorium Period Up to 3 years
  1. General Floating Charge and /or Fixed Charge on immovable property
  2. Personal Guarantee, where applicable
  3. Decreasing Term Assurance
  4. Gage sans deplacement on vehicle, where applicable
  5. Pledge of rights to the lease, where applicable
  6. Fixed Charge on Pledge of rights to the lease
  7. Any other collateral security acceptable to the DBM
  1. Individuals, Partnerships or Companies holding valid licences/permits
  2. (Registered local and export-oriented SMEs
  3. Projects recommended by Enterprise Mauritius, BOI, SMEDA, Tourism Authority, NWEC and other relevant institutions
  4. Any small viable enterprise holding a Business Registration Card and having relevant permits


There are different types of incentive a company may benefits such as:

Leasing Equipment Modernization Scheme (LEMs)

The Government provides a line of credit to leasing companies under the Leasing for Equipment Modernisation Schemes (LEMS) so as to provide affordable finance to SMEs to shore up their productivity and competitiveness.
The objective of the Scheme is: Read more
  • to provide assistance to SMEs and other eligible enterprises to enhance their competitiveness through the modernisation of their production processes (Under Lems I, II & III); and
  • to ease cash-flows of SMEs through refinancing of their existing assets (Under Lems IV & ERCP Credit Financing Scheme)

The following schemes are being operated:

  • LEMS I - Leasing facility of a maximum of Rs5million for the purchase of new equipment by SMEs with turnover not exceeding Rs 50 million per annum with an interest rate of 7.25% per annum.
  • LEMS II - Leasing facility not exceeding Rs15million for the purchase of new equipment by SMEs with turnover per annum up to Rs150 million with an interest rate of 7.25% per annum.
  • LEMS III - Leasing facility of a maximum of Rs50million for the purchase of new equipment by SMEs with turnover per annum exceeding Rs150million with an interest rate of 7.25% per annum.
  • LEMS IV - Leasing facility of a maximum of Rs150million to ease cash flow of SMEs through refinancing of their existing assets by Sale & Lease Back -applicable to SMEs as recommended by the Independent Financial Analyst with an interest rate of 7.25% per annum.
  • ERCP Credit Financing Scheme (ECFS) - Leasing facility of a maximum of Rs100 million to ease the Cash Flow of the SMEs by allowing them to discount/factor their Sales Credit Invoices to CIM Finance Ltd applicable to SMEs having an Annual Turnover not greater than Rs50million.

To benefit from this scheme, an SME can contact any duly registered leasing company.


SME partnership fund

The SME Partnership Fund Ltd (SPF), a Rs170M fund, provides equity financing to small and medium companies in Mauritius. The Fund has been set up by the Government in collaboration with State Investment Corporation Ltd, Development Bank of Mauritius Ltd and commercial banks. The Fund which was set up in August 2006, invests in viable projects with significant growth potential.
Main Investment Criteria: Read more

SPF provides equity financing to small and medium company in Mauritius

  • Investment range of SPF: minimum Rs 300,000 and maximum Rs 10m
  • SPF financing should represent up to 49% of the SME’s equity capital
  • Promoters invest at least 51% in share capital
  • SPF investment is primarily towards capital expenditure
  • All productive sectors are eligible for financing
  • SPF invests in start-ups, expansion projects and new lines of business
  • Only viable and feasible projects are considered

Additional information is accessible on the website of the SME Partnership Fund,

L´agence Française de Développement (AFD) : Green Lending Schéme

Mauritius Commercial Bank, State Bank of Mauritius, Standard Bank Mauritius to finance “green” projects materialized with the implementation of a €40m green credit line. Under this scheme, partner banks have been able to develop their environmental lending initiatives. They include customized loans, advisory services for clients and a grant.

In addition, green growth stimulates several markets, particular in the area of sustainable energy and natural resources management.

The scheme is applicable to companies, individuals or associations having a green investment project which can be related to: Renewable energies, Energy Efficiency, Environment Performance or Eco-businesses.



Income Tax (Company)

Under the Income Tax 1995 Trusts, Trustees of Unit Trust Schemes and Non-resident Sociétés (Partnerships),Trusts, Trustees of Unit Trust Schemes and Sociétés are treated as companies for tax purposes. Mauritius runs a self-assessment system based on the residence concept. A Company resident in Mauritius is liable to tax on the worldwide income derived by the company.(Note that a company is considered to be resident if it has been incorporated in Mauritius and its central management control is in Mauritius). Read more

The fiscal year in Mauritius runs from 1 January to 31 December and our standard tax rate is 15 %.

Income tax is payable on income derived in the preceding year . Income Tax is levied on the rate of 15 % on companies’ income such as trade profits, interest, royalty, foreign dividends and rent. Book profit is normally adjusted for tax calculation where book profit exclude the dividends received from resident companies, profits on disposal or revaluation of fixed assets and profits or gains from sale or revaluation of securities. We also obtain an annual allowance (in lieu of non allowable expenses for depreciation)

Capital expenditure incurred on :

Rate of annual allowance - % of






Industrial premises excluding hotels




Commercial Premises








Plant or Machinery



costing or having a base value of Rs 30, 000 or less




costing more than Rs 30, 000


(i) Ships or aircrafts




(ii) Aircrafts and aircraft simulators leased by a

company engaged in aircraft leasing




(iii) Motor Vehicles




(iv) Electronic and high precision machinery or equipment,

computer hardware and peripherals and computer software




(v) Furniture and Fittings




(vi) Other




Improvement on agricultural land for agricultural purposes




Scientific Research




Golf courses




Acquisition or improvement of any other item of a capital nature which is subject to depreciation under the normal accounting principles



Therefore, as per the Alternative Minimum Tax (AMT), it is applied where the normal tax payable for an income year by a company is less than 7.5% of its book profit, the company should pay either 7.5% of its book profit or 10% of dividends declared in respect of that year, whichever is lesser. But AMT does not apply for the following:

  • to companies which have not declared any dividend;
  • to companies which are exempt from payment of income tax;
  • to companies holding GBL1 Licence;

Dividend payable is not deductible in computing chargeable income of a company, whereas dividend receivable from resident company is exempted and dividend received from outside Mauritius is taxable.



Every company is required to set up a CSR Fund equivalent to 2 % of its chargeable income of the proceeding year to implement an approved programme or to finance an approved NGO. Where the amount spent is less than the amount provided under the Fund, the difference should be paid to MRA at the time the company submits its return of income. Read more

CSR is not applicable to:

  • a GBL 1 company;
  • a bank in respect of income derived from Non-Residents or GBL corporations;
  • an IRS company;
  • a non-resident society, trust or a trustee of a unit trust scheme.



Losses are not available for carry forward when there is more than 50% change in shareholding. The time limit to carry forward any unrelieved loss, applicable both to individuals and companies, is 5 years. However, the time limit of 5 years does not apply for the carry forward of any amount of loss which is attributable to annual allowance.
Submitting of Income tax return

Every Company shall submit an income tax return to Mauritius Revenue Authority not later than 6 months after the end of the accounting year. Besides the income tax return every company is required to submit an APS Return (Advance Payment System) quarter return statements and to pay tax in accordance thereof. However, company with a turnover below the threshold of Rs 4 million per annum are exempted from the requirement to file quarterly returns and pay tax under APS.
Double Tax Agreement

So far Mauritius has concluded 39 tax treaties and is party to a series of treaties under negotiation, encouraging Global Business Sector to expand due to our Mauritian tax law. Global Business Companies (GBL 1) is qualified as a tax resident, Mauritian law allows an underlying foreign tax credit, equal to the amount of foreign tax paid, up to the amount of foreign tax due in Mauritius, whereas in the absence of proof the amount of foreign tax paid is presumed to be 80% of Mauritian tax. The effective tax rate will thus be between 0% to 3%. There is no capital gain tax, nor withholding tax on dividends and interest paid to non residents.

GBL 2 is not subject to any income tax, with no withholding tax on dividends or interest paid to non-residents.


What is Value Added Tax?

Value Added Tax (VAT) is a tax on goods and services. It is chargeable on all taxable supplies of goods and services made in Mauritius by a taxable person in the course or furtherance of any business carried on by him. VAT is also payable on the importation of goods into Mauritius, irrespective of whether the importer is a taxable person or not. Read more

The rate of VAT is 15 per cent. A taxable supply is a supply of goods, or a supply of services which are performed or utilised, in Mauritius and which is subject to VAT. A taxable supply includes a supply which is zero-rated, but it does not include an exempt supply, a zero rated supply is goods or services which are exported are zero-rated. In addition, certain goods and services which are supplied on the local market are zero-rated, where as an exempt supplies is a supply of goods or services which are specifically exempted from the payment of VAT. A person who makes only exempt supplies cannot register for VAT.

In Mauritius, a company is required to register for VAT if the Turnover of the taxable supplies exceeds or is likely to exceed Rs 4,000,000. However, some businesses who are engaged in professional sectors by law should compulsorily register for VAT irrespective of the number of turnover.

Therefore, sales made outside Mauritius is zero rated supplies and no Vat is charged.


Personal Income Tax

A person resident in Mauritius is liable to tax on the worldwide income derived by that person.

A non-resident is taxed on income derived from sources in Mauritius.

Gross Income includes salaries, wages, annuity, pension, income from business, income from property, foreign dividends, royalty, and interest. Read more

Allowable deductions include expenditure incurred in the production of income, losses, bad debts, annual allowance (instead of depreciation).

Chargeable Income= Gross Income - Allowable Deductions - Exemptions and Reliefs

However, all income derived from overseas by an individual resident in Mauritius is taxable to the extent it is remitted to Mauritius.


Income Exemption Threshold

An individual who is resident in Mauritius is entitled to an income exemption threshold which he can deduct from his income to arrive at his chargeable income, if any.

The income exemption threshold in respect of income year ending 31 December 2014 is as follows:


Amount (Rs)

Category A- An individual with no dependent


Category B- An individual with one dependent


Category C- An individual with two dependents


Category D- An individual with three dependents


Category E- A retired / disabled person with no dependent


Category F- A retired / disabled person with one dependent


Main Investment Criteria: Read more

SThere are additional exemption which is provided to an individual where the dependent child is following a full time tertiary course in Mauritius recognised by Tertiary Education Commission the person can claimed Rs 80,000, whereas if the child Is following an undergraduate course outside Mauritius at a recognised institution the person can claim Rs 125,000.

Moreover, Interest relief on a secured housing loan can be claimed in the EDF where the amount of interest payable in the specific income year or Rs 120,000, whichever is lesser. In the case of a couple where neither spouse is a dependent spouse, the relief may be claimed by either spouse or at their option, divide the claim equally between them provided the claim does not, in the aggregate, exceeds Rs 120,000.

The fiscal year in Mauritius for personal income tax is from 1st January to 31 December, and the income tax return should be filed with Mauritius Revenue Authority by latest 31 March in the following year. Where return and tax if any is paid electronically, an extended delay up to 15th of April is applicable.


National Pension Fund /Levy /National Saving Fund

The National Pensions Scheme (NPS) has been introduced since 1976. It is based on a two-tier system in which Government finances payment of the universal basic pensions whilst earnings–related contributory benefits are paid to insured persons or their dependents, on basis of contributions paid to the scheme by the insured persons and their employers.

Employers are required to register within 14 days from start of business.

Employers should pay contributions on insurable wage or salary as per rates below.

Rate of Contribution

Employee's share

Employer's Share


NPF Standard Rate




Higher Rate




Prescribed Rate




Most employers pay at the standard rate. Read more

Higher rate is payable on application by both employees and employers subject to approval of the Minister.

Prescribed rate is applicable to millers and planters having 100 acres of land or more under sugar cane cultivation.

The Levy:

This is a scheme was established for the purpose of developing human skills and the rate is 1.5%.

This fee is payable in respect of all workers who are insured persons under the NPS and aged between 18 and 65. Employees of charitable institutions and private secondary schools are exempted. Workers in domestic services are excluded.

National Savings Fund (NSF)

It provides for payment of a lump sum(contributions + accrued interest) at retirement age.

Every employer (public, private or para-statal) has a legal obligation to contribute 2.5% of the total basic prescribed wage of each of his employees aged between 18 and retirement age.

Employees of Private Sector have to contribute an additional 1% (NSF).

Non-citizens are not covered under the Scheme.



Minimum and Maximum basic wage on which Contributions to the National Pensions Fund (NPF) & National Savings Fund (NSF) are payable.

Effective Date: 1st January 2015


Minimum Wage

Maximum Wage

Pay Period

For Private Household


For Other Employees

For All Employees













Half Monthly









Contributions payable in favour of foreign workers With effect from 01/01/2014, contributions in favour of foreign workers, to the National Pensions Fund (NPF), National Savings Fund (NSF*) and HRDC Levy are payable as from the first day of employment, except for foreign workers working in the export manufacturing enterprises, where contributions to the NPF, NSF & HRDC Levy become payable after two years of continuous residence.

* Prior to 01/01/2014, conts to the NSF were not payable in favour of foreign workers.


Human Resource Development Council

The HRDC has worked in collaboration with the Mauritius Employers’ Federation and other stakeholders in developing the revised scheme and is subject to continuous review at regular intervals.
Employers can recover up to 75% of course fees depending on their tax rate. Read more

The training may either be run in-house or externally by training institutions registered with the Mauritius Qualifications Authority (MQA). Grants awarded by the HRDC are based on a cost-sharing principle, i.e., grants will meet only part of the costs incurred for training by employers since they are not intended to be a subsidy.