How To Start A Business in Mauritius

How to Start a Business in Mauritius - Step by Step Guide

Starting a business in Mauritius is relatively straightforward, especially with the country’s investor-friendly environment. Below is a step-by-step guide for both locals and foreign investors, including the related fees and taxes.

Step-by-Step Guide for Mauritian Nationals

1. Choose Your Business Structure: Decide on the type of business structure, such as a sole proprietorship, partnership, or company (most commonly a private company or a limited liability company).
2. Register the Business Name: Register your business name with the Registrar of Companies.
   Registrar of Companies
3. Obtain a Tax Identification Number (TIN): Register for a Tax Identification Number (TIN) with the Mauritius Revenue Authority (MRA).
   Mauritius Revenue Authority (MRA)
4. Register for VAT (if applicable): If your business’s annual turnover exceeds MUR 2 million, you must register for VAT.
   Estimated Fees: MUR 1,000 for registration.
5. Obtain a Business License: Depending on the nature of your business, you may need a business license. This is issued by the relevant Ministry or local authority.
   Fees: Varies depending on the sector (approx. MUR 5,000 - 10,000).
6. Register with the National Pension Fund (NPF): If you hire employees, you must register them with the National Pension Fund for social security and pension contributions.
   National Pension Fund (NPF)
7. Open a Business Bank Account: Open a business bank account with a commercial bank in Mauritius.
   Fees: Typically involves administrative fees, which vary by bank.

Step-by-Step Guide for Foreign Investors

1. Choose a Business Structure: Foreign investors typically opt for the following structures: a foreign company branch, a private company, or a global business company (GBC).
2. Obtain Investment Approval: Apply for investment approval from the Economic Development Board (EDB) of Mauritius if you intend to invest in sectors that require such approval.
   Economic Development Board (EDB)
3. Register the Business: Submit your business registration documents to the Registrar of Companies and get your business officially incorporated.
   Registrar of Companies
4. Obtain a Tax Identification Number (TIN): All foreign companies must register with the Mauritius Revenue Authority (MRA) for a TIN.
5. Register for VAT (if applicable): If your business's turnover exceeds MUR 2 million annually, you must register for VAT.
   Fees: MUR 1,000 for registration.
6. Obtain Business Licenses and Permits: Depending on your business type, you may need licenses or permits from the relevant regulatory authorities.
   Fees: Varies depending on the business sector.
7. Register with the National Pension Fund (NPF): Foreign investors must also register their employees with the National Pension Fund (NPF).
8. Open a Business Bank Account: Open a business bank account in a local commercial bank.

Estimated Duration

• For Locals: 1-2 weeks
• For Foreigners: 4-6 weeks (includes investment approval process)

Useful Resources

• Registrar of Companies
• Mauritius Revenue Authority (MRA)
• Economic Development Board (EDB)
• National Pension Fund (NPF)