Opening your corporate bank account
Once registered, a business can open a business bank account. The list of registered commercial and corporate banks operating in Mauritius is available on the website of the Bank of Mauritius.
Running your business
A non-citizen can hold/ purchase/ acquire immovable properties in Mauritius provided approval is sought from the Prime Minister’s Office (PMO). A non-citizen registered as investor can seek approval from the Economic Development Board (EDB).
Mauritius has a deed system whereby the notary has the legal obligation to draft the property deed and to ensure that the property is free from any encumbrances and all documents are in order. The buyer is free to choose the notary of his/her choice.
Acquiring shares in another company
Anybody can hold, purchase and sell shares, deal with shares or other securities of a company which are desirous of being admitted for quotation on the Official List of the Stock Exchange through a public issue, offer for sale of shares and for private placement of shares.
Starting a construction
Where a plot of land is classified as agricultural land and is to be used for non-agricultural purposes, an application for a Land conversion permit should be made to the Ministry of Agro Industry and Food Security
Connecting to Utilities
Application for connection to the electricity grid is made either online or to any customer walk–in service of the central Electricity Board (CEB). Documents required and fees for commercial and industrial buildings are available on the CEB’s website under the tab customer services.
Employers can recruit both local talents and foreign nationals to work in Mauritius. Employers can post an advertisement in local press or specialised website or use the expertise of recruitment agencies.
Payment of annual registration fees
Payment of registration fees for companies, “sociétés”, limited partnerships and foundations must be effected yearly as from 3 January to 20 January inclusively. After the 20 January, a higher rate is applicable.
Import and Export Goods
Mauritius has streamlined its tariffs and undertaken meas¬ures to simplify cross-border trading. 53% of the tariff lines do not require an import/ export permit and 89% of the tariff lines in Mauritius are zero-rated.
Invest, Work and Reside
At the end of the lifecycle of a company, you may need to wind up the company and require the company to be removed from the registers of the Registrar of Companies and close the company.
The Occupation Permit (OP) is a combined work and residence permit which allows foreign nationals to work and reside in Mauritius under the following 3 specific categories (Investor, Professional & Self-Employed).
Young Professional Occupation Permit
The YPOP is an Occupation Permit valid for a maximum period of 3 years depending on the duration of the contract of employment. The application for the YPOP shall be submitted by the Employer to the Occupation Permit Unit (OPU)
Permanent Residence Permit
The Permanent Residence Permit allows a non-citizen to work and live in Mauritius for a period of ten years. The following categories are eligible for the Permanent Residence Permit.