Start a Business

Choice of Business Structure

A modern business environment is administered in Mauritius through the Business Facilitation Act. It provides a framework that allows any businesses to start operations on the basis of self-adherence to comprehensive and clear guidelines. It also aims at facilitating entry of foreign investors, as well as attracting foreign talents, know-how, ideas and technology.

New small enterprises can start their business activities within three working days from the time of application for a business permit.

The Companies Act 2001 provides for several types of companies:

  • Domestic Company
  • Company holding a Category I Global Business Licence
  • Company holding a Category 2 Global Business Licence

 

COMPANY TYPES


Company limited by shares
A company formed on the principle of having the liability of its shareholders limited by its constitution to any amount unpaid on the shares respectively held by the shareholder.

Company limited by guarantee
A company formed on the principle of having the liability of its Members limited by its constitution to such amount as the Members may respectively undertake to contribute to the assets of the company in the event of its being wound up.

Company limited by shares and guarantee
A company formed on the principle of having the liability of its Members 

    • who are shareholders, limited to the amount unpaid, if any, on the shares respectively held by them; and
    • who have given a guarantee, limited to the respectively amount they have undertaken to contribute, from time to time, and in the event of it being wound up;

An unlimited company
A company formed on the principle of having no limit placed on the liability of its shareholders

Limited Life Company



COMPANY CATEGORIES


Public company

  • A public company may offer to sell its shares to the public.
  • A public company may have more than 25 shareholders.


Private company

  • Must have not more that 25 shareholders.
  • Cannot make offers to the public to subscribe for its shares.
  • May impose restrictions on the transfer of shares.
  • May dispense with holding of shareholders’ meetings under s. 117 and 106.
  • May remove a director by special resolution subject to constitution.
  • May appoint a director aged over 70.
  • May dispense with the obligation to prepare an annual report by unanimous resolution (s.218(2))
  • May dispense with obligation to keep an interest register by unanimous resolution.


Small private companies

  • it is one with a turnover of less than 50 million rupees or such other amount as may be prescribed in respect of its last preceding accounting period ;
  • it is not a company holding a Category 1 Global Business Licence



Other categories of companies under the Company Act (2001)

One-person company
The Act provides that one person may form a company. However, at incorporation or within 6 months, the sole shareholder/director must nominate a person to be the secretary in the event of his death or incapacity.

Dormant companies
A dormant company is one where no significant accounting transaction has occurred during any period (section 293). This excludes the issue of shares, payment of bank charges, licences fees and other compliance costs.

The guide to the Company Act (2001) can be accessed on: www.govmu.org

 

Australia

June 1995
Australian Chamber of Commerce and Industry (ACCI)

China

April 1997
China Council for the Promotion of International Trade (CCPIT) - Beijing
China International Economic and Trade Arbitration Commission - Shanghai
November 1998
CCPIT Guangdong Sub-Council
September 2008
CCPIT Qingdao
May 2007
CCPIT Qingdao

Austria

September 2014
Austrian Federal Economic Chamber

France

September 1996
l’Assemblée des Chambres Françaises de Commerce et d’Industrie (ACFCI)

India

November 1985
Federation of Indian Chambers of Commerce and Industry (FICCI)
May 1996
Confederation of Indian Industry (CII)
June 1995
Tamil Nadu Chamber of Commerce and Industry
January 2004
India International Trade Center
May 2004
Seafood Exporters Association of India
October 2005
Seafood Exporters Association of India

Kenya

January 2011
The Kenya National Chamber of Commerce and Industry (KNCCI)

Madagascar

November 2004
Fédération des Chambres de Commerce, d’Industrie, d’Artisanat et d’Agriculture de Madagascar

Malaysia

August 1994
The National Chamber of Commerce and Industry of Malaysia
June 2005
Malaysian Associated Indian Chambers of Commerce and Industry

Mozambique

September 2012
Chamber of Commerce of Mozambique)

Pakistan

October 2004
The Federation of Pakistan Chambers of Commerce and Industry (FPCCI)

Russia

May 2007
Chamber of Commerce and Industry of the Russian Federation

Sri Lanka

May 2004
National Chamber of Commerce of Sri Lanka

Tanzania

January 2011
The Tanzania Chamber of Commerce, Industry and Agriculture (TCCIA)

Thailand

August 2004
The Federation of Thai Industries (F.T.I)
February 2013
TUSKON

Turkey

August 2014
DEIK (Foreign Economic Relations Board)
TOBB (The Union of Chambers and Commodity Exchanges of Turkey)

Réunion

June 1995
Chambre of Commerce and d’Industrie de la Réunion
March 2002
L’Association pour le Développement Industriel de la Réunion

Seychelles

November 2005
Seychelles Chamber of Commerce and Industry
April 2014
Seychelles Chamber of Commerce and Industry

Djibouti

August 2008
Chamber of Commerce of Djibouti

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