Official name: Republic of Mauritius
Port Louis
French: Maurice
Mauritian rupee
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- Start to finish your company registration process
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Mauritius
Mauritius, a small island nation located in the Indian Ocean, boasts a rich history, vibrant culture, growing economy, and stable political system. This page provides an overview of these aspects, showcasing the uniqueness and diversity of this enchanting nation.
History: The history of Mauritius is marked by various influences and significant events. In the early 16th century, Arab sailors first discovered the island, followed by the Portuguese and the Dutch. However, it was the French who established the first permanent settlement in 1715, naming the island Île de France. Later, the British gained control of Mauritius through the Treaty of Paris in 1814. The British colonial period shaped the island’s political, social, and economic landscape. Mauritius gained independence in 1968 and became a republic in 1992, with a stable democratic system.
Culture: Mauritian culture is a captivating blend of diverse ethnicities, including Indian, African, Chinese, and European influences. This cultural fusion is reflected in various aspects, such as language, cuisine, music, and festivals. The official languages are English and French, but Mauritian Creole, a unique and widely spoken creole language, is the most commonly used in everyday communication. The island’s cuisine showcases a mix of flavors and spices, with dishes like dholl puri, gateau piment, and rougaille delighting both locals and visitors. The vibrant Sega music and dance, originating from African slaves, is a symbol of Mauritian identity. Festivals like Diwali, Eid, and Chinese New Year are celebrated with great enthusiasm, highlighting the diversity and unity of the population.
Economy: Mauritius has transformed itself from a low-income agricultural economy to a middle-income, diversified one. The country’s economy thrives on multiple sectors, including tourism, textiles, finance, and services. Mauritius has become a preferred tourist destination, renowned for its stunning beaches, crystal-clear waters, and luxurious resorts. The textile industry plays a significant role in the economy, with garment manufacturing and exports being a major source of employment and revenue. Additionally, Mauritius has positioned itself as a financial hub in Africa, attracting offshore banking and investment. The government’s focus on attracting foreign direct investment and promoting entrepreneurship has contributed to the country’s economic growth.
Politics: Mauritius has a stable political system based on parliamentary democracy. The country follows a multi-party system, with regular free and fair elections. The president is the head of state, while the prime minister is the head of government. The National Assembly is the legislative body, responsible for enacting laws and overseeing the government’s activities. Mauritius has a strong rule of law, an independent judiciary, and a respect for human rights. The country has established itself as a regional leader, actively participating in international organizations and promoting peace and stability in the Indian Ocean region.
In conclusion, Mauritius is a captivating nation with a fascinating history, diverse culture, thriving economy, and stable political system. Its unique blend of influences, combined with breathtaking natural beauty, makes it an exceptional destination. From its colonial past to its vibrant present, Mauritius continues to evolve while preserving its rich heritage and embracing the challenges and opportunities of the modern world.
General Questions
What is the best type of company for global trading?
Non-resident Company (Authorized Company (AC))
How much is a corporate tax in Mauritius?
3 % for export and 15% for local market
How much is VAT in Mauritius?
15%
What is the minimum capital required to register a company?
$ 1 USD
Do company executives should travel to Mauritius to complete the company registration?
No need.
How long does it take to register a company?
1 month
Is it necessary to have an office physically to register a company?
Yes.
The benefit of company registration in Mauritius
- Company registration in Mauritius can be done within a month.
- Company registration can be done with a manager and a shareholder of any nationality.
- Managers or shareholders do not need to travel to Mauritius to register the company and complete the process.
- The minimum capital required to register a company is US $ 1.
- Receive government incentives for foreign investors such as up to 10 years of income tax exemption and customs duty exemption.
- Return on investment and profit of investors without restrictions and control and administrative bureaucracy
3. Tax for exporting the product abroad. - Reduction of customs duties for the export of the product to Germany, Italy, United Kingdom, China, France, India, Malaysia, Singapore and the United Arab Emirates.
- Morris has a good business environment, low taxes, low levels of corruption and bureaucracy compared to its neighbors.
The disadvantage of company registration in Mauritius
- Licenses for foreign investors in the tourism and restaurant industry are not easily licensed.
- Licenses for foreign investors in the tourism and restaurant industry are not easily licensed.
- Since the economy of this country depends on the tourism industry, any changes and external shocks will make the whole country vulnerable.
- Hiring a foreign employee is difficult.
- This country is known as the islands in the world and therefore is not very popular with investors.
- Investors have difficulty in communicating with the public and government employees because less than 1% of the population speaks English.
Type of company registration
Limited liability company (LLC)
Mixed liability company
Unlimited liability company
Guarantee company
Foreign Branch
Limited life company
The company registration process
- Submit a company registration application
- Specify the company name
- Preparation and regulation of the company’s articles of association, including company name, type of activity, name of shareholders and amount of shareholders, names of managers, address and telephone number of the company
- Opening a bank account and depositing the company’s capital
- Preparation of company seal
- Registering a company and publishing a job advertisement in the newspaper
- File with the tax office and receive a tax code
- File a case with the Social Security Administration
