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Mauritius Company Formation

Mauritius is situated in the Indian Ocean approximately 500 miles off the east coast of Madagascar. The Island, which is of volcanic origin, covers an area of 720 square miles. Coral reefs surround most of the coast of the coast except the south. The plateau is bordered by the mountain ranges giving rise to a landscape of amazing beauty.

Population

The population of the island is approximately 1.3 million made-up principally by people of European, African, Madagascan, Indian and Chinese origin. This has resulted in a unique blend of races, cultures and religions. Mauritius takes pride in the fact that these different cultures co-exist in peace and succeed in creating a cultural entity that is distinctly Mauritian. The workforce is adaptable, well educated and has achieved Literacy rate of 90%.

Language

The Mauritian population is largely bilingual, being equally fluent in English and French. However, everyone understands 'Creole' and many speak a third Asian Language. English is the official Language.

Political Structure

Mauritius was uninhabited until the Dutch arrived in 1598. Before the Dutch, it is thought that Arab and Malay sailors visited the Island. Dutch settlers named the Island Mauritius after the Prince of Nassau. The Dutch left Mauritius in 1710 and were the first to have introduced sugar cane, which covers 90% of the Arable Land. The French subsequently occupied the Island and named it 'Ile de France'. The French made a considerable contribution to the development of the harbour, the sugar industry and the capital city of Port Louis.

Their century-long rule ended in 1810 when the British captured the island and the name 'Mauritius ' was re-instated. British rule lasted for 158 years until 12 March 1968 when it became an independent country within the British Commonwealth.

The Republic of Mauritius is a Westminster-style democracy. The President is the Head of State and Commander-in Chief of the Armed Forces. Full Executive Power rests with the Prime Minister who is Head of the Government. The Members of Parliament are elected every five years by popular vote and a number of political parties contest the elections, reflecting the country's firm commitment to a Multi-Party political system.

Legal System

Mauritius is a Hybrid Legal System based on English and French Law. The Procedural Law, both in criminal and civil litigation, is mainly English whilst substantive law is largely based on the French Napoleonic Code.

The Company Law is modelled on the English Company Law. The Courts administer the laws of Mauritius, which consist of Acts, Rules and Regulations passed by the Island's Nation Assembly. The Highest Court of Appeals is the Privy Council in London.

Communications

Mauritius has state - of - the - Art Telecommunication Facilities with fast internet connections and reliable communications. Its strategic location facilitates communication with the Far East, Europe and North America.

International Courier Companies operate in Mauritius and provide prompt delivery services to most parts of the world. Mauritius has regular and direct airlines with Europe and the Far East and Modern Port facilities. The infrastructure is also well developed.

Taxation Treaties

Mauritius offers the benefit of a number of favourable taxation treaties, there are around 40 treaties in all but the following are most likely to be important to our clients, Canada, Germany, France, United Kingdom, India, Zimbabwe, Sweden, Malaysia, Swaziland, Italy, China, Pakistan, South Africa, Madagascar, Luxembourg, Namibia, Belgium, Singapore and Russia. Other treaties are with Kuwait, Lesotho, Oman, Vietnam and Sri Lanka and Botswana.

Nominee Directors

Whilst the company itself may be incorporated in an appropriate jurisdiction (and will itself be exempt from tax on foreign earnings), it is important that the directors and shareholders of the company are similarly protected. This is because many tax authorities have powers to 'deem' that the directors or shareholders are receiving an income from the company. It is normal therefore to appoint nominee directors who themselves have the correct tax status, this may or may not be in the same jurisdiction as the company the cost of two nominee directors per annum is $475, €375 or £300 if a nominee shareholder is also required the cost is increased by $160, €120  or £100

Below you will find a summary of the most important details

The company formation typically takes 4-5 days. The company will be formed with your choice of name. The procedure is quite straightforward and ORCA will administer the preparation and filing of all registration forms. Companies incorporated in Mauritius are exempt from taxation and can deal with clients, contractors, suppliers and employees from any country worldwide. The companies can engage in any type of business with the exception of those that require a license,examples of these are financial services companies, banking, insurance, gambling, and trusts.

Fees

Cost of setting up company     $1125     €925     £695
Registered agent and office     $889      €650     £550
Total inital cost                   $2004     €1575   £1245

Annual Fees in subsequent years   $889  €650  £550*    

*Due 1st May for companies incorporated between 1st January and 30 June.
*Due 1st November for companies incorporated between 1st July and 31st December

If you require an internet domain registration to accompany the formation click here

All companies are provided with a complete kit including -


UK / Ireland020 7175 0041
(International +44 20 7175 0041)
US / Canada1 954 866 5986
(INTERNATIONAL +1 954 866 5986)
Australia and New Zealand+61 2 9191 7472
(INTERNATIONAL +61 2 9191 7472)
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