Question

With reference to the Companies Act 2001, what is the process to incorporate a domestic company in Mauritius? Make use of the relevant sections of the Companies Act 2001 and suitable examples to support your answer.

Answer 1

Mauritius is viewed as a nation which has a mixture legitimate framework which depends on English and French law. Mauritius is considered to have a center salary expanded economy which has a limit of becoming modern, monetary and traveler parts. Consolidate Company in Mauritius has an eminent seaward place for the speculators which offer countless money related and banking offices.

Mauritius' rule law on organizations is contained in the Companies Act 2001. The Corporate and Business Registration Department, and Ministry of Finance and Economic Development, is recorder for Mauritius organizations. There are three fundamental classes of organizations in Mauritius – residential organizations; Category 1 (Global Business License organizations); and Category 2 (Global Business License organizations). The monetary Services Commission Mauritius is the administrative body for the account business in Mauritius and must support specific sorts of organization being framed, for example, the Global Business License organizations.

A significant factor in choosing to utilize a specific kind of corporate vehicle is the duty and administrative treatment that will be applied to the organization both in Mauritius and any remote nation. It is basic that proper lawful and charge guidance is looked for in every single applicable locale to decide the kind of corporate vehicle that will be most appropriate to your conditions.

How companies are formed

Following the organization name reservation with the Registrar of Companies and the installment of a charge for this, the accompanying records should be submitted to the FSC:
Name and address, nationality, nation of habitation, business reputation, photocopy of international ID is submitted. If there should arise an occurrence of corporate proprietor, profile and evaluated fiscal summaries of the organization is required.

Definite field-tested strategy with multiyear money related figures for GBL1 and a concise marketable strategy or GBL2.

Bank reference letter

Appropriately filled in and marked application structures.

Installment of use charge to FSC