Fact File

Location

Indian Ocean

Time zone

Greenwich Mean Time +3/4 winter

Population

1,300,000

Capital

Port Louis

Airport(s)

SSR International Airport

Language

English, French, Hindi, Urdu, Chinese.

Currency

Mauritian rupees (Rs).

Political system

Democratic parliamentary system

International dialing code

+230

Legal system

Hybrid, mix of common law and civil law.

Centre's expertise

Tourism, Financial services, Agriculture and Textile.

Personal income tax

15%

Corporate income tax

15% with foreign tax credit for GBL companies. No taxation in Mauritius for Authorised Companies (AC).

Exchange restrictions

No

Tax Information Exchange Agreements

7 TIEAs: Iceland, Denmark, Faroe Islands, Finland, Greenland, Norway and Australia.

Double Taxation Agreements

46

Permitted currencies

Any currency, excluding Mauritian Rupees for GBL Companies.

Minimum authorised capital

No authorised capital, but stated capital (no minimum).

Minimum share issue

One share

Shelf companies

Not allowed.

Timescale for new entities

7-15 working days.

Incorporation fees

$600 for AC, $2,550 for GBL companies.

Annual fees

$450 for AC, $2,250 for GBL companies.

Minimum number

One, two for GBL companies.

Residency requirements

GBL companies only, for tax residency purposes.

Corporate directors

Allowed for Authorised companies only.

Meetings/ frequency

Yes, for GBL companies/not specified.

Disclosure

Yes for GBL companies & AC.

Bearer shares

No

Minimum number

One

Public share registry

No for GBL companies and AC

Meetings/frequency

Yes for GBL companies/at least once a year.

Annual return

Yes

Audit requirements

Yes, for GBL companies only.

Registered office

Yes

Domicile issues

No

Company naming restrictions

Very few