Header Ads

Guide to starting a Business in Mauritius

Formal registration of companies has many immediate benefits for the companies and for business owners and employees. Legal entities can outlive their founders. Resources are pooled as several shareholders join forces to start a company. Formally registered companies have access to services and institutions from courts to banks as well as to new markets. And their employees can benefit from protections provided by the law. An additional benefit comes with limited liability companies. These limit the financial liability of company owners to their investments, so personal assets of the owners are not put at risk. Where governments make registration easy, more entrepreneurs start businesses in the formal sector, creating more good jobs and generating more revenue for the government.

Below is a detailed summary of the bureaucratic and legal hurdles faced by entrepreneurs wishing to incorporate and register a new firm in Mauritius. It examines the procedures, time and cost involved in launching a commercial or industrial firm with up to 50 employees and start-up capital of 10 times the economy's per-capita gross national income.
This information was collected from World Bank: Doing Business 
No.ProcedureTime to CompleteAssociated Costs
1Incorporate and register the business and search for compagny name on line2 daysMUR 2,000 for registration + MUR 100 for name search
2Receive inspection by local authoritiesabout 4 daysno charge
* 3Pay license fees1 day, (simultaneous with procedure 2)MUR 6,000
* 4Register with the Social Security Office1 day, (simultaneous with procedure 2)no charge
* 5Make a company seal1 day, (simultaneous with procedure 2)USD 12
* Takes place simultaneously with another procedure.

Powered by Blogger.