- September 21, 2020
- Posted by: Editor
- Category: Law
Starting a business in Mauritius is quite simple and implies the same steps as when registering a company in any other country. Among these, obtaining specific business licenses is mandatory. The business licenses must be obtained with the relevant authorities in the industry the company operates in.
Below, our company formation agents in Mauritius provide information on the types of licenses available when setting up a business in the insular state and how to obtain them. We can also assist with the procedure of applying for specific business licenses and permits as part of the incorporation procedure.
Companies required to obtain business licenses in Mauritius
Generally speaking, all companies are required to apply for specific business licenses in Mauritius, including offshore ones. The procedure of obtaining a business permit depends on the authority issuing it, which is why it is advisable to first get acquainted with the legislation in the domain the company will operate in before applying for any license.
With the help of our experienced company registration officers in Mauritius, the procedure of obtaining the necessary business permits can be simplified.
Industries that require special business licenses in Mauritius
Mauritius is mainly known as an offshore destination, a case in which the creation of an offshore company is quite easy. Given the fact that most offshore businesses are used for offering financial services, these companies must obtain their licenses with the Financial Supervisory Commission. The type of business permit for a Mauritius offshore company is the Global Business License which is divided into the Category 1 and Category 2 permit.
Other industries that require special business licenses in Mauritius are:
- the occupational permit which is issued to foreign investors seeking to set up operations in;
- the management company license which is another business permit issued for the financial sector;
- the tourist enterprise license which must be obtained by companies operating in tourism;
- import-export business licenses must also be obtained by companies carrying out trading activities;
- fishing licenses must be obtained by companies operating vessels registered in Mauritius.
Apart from these, in certain cases, Mauritius companies must also register with various authorities.
If you want to set up a company in Mauritius and need guidance in applying for the necessary business licenses related to your activity, you can rely on our local advisors.
The occupational permit for foreign investors coming to Mauritius
Considering Mauritius is one of the preferred investment destinations of foreign entrepreneurs, the occupational permit is one of the most requested licenses when it comes to moving here. It should be noted that there are several categories of eligible applicants. These are:
- the business license available for investors carrying out operations with a minimum annual turnover of 3 million MUR;
- the business permit available for self-employed individuals with an annual income of more than 600,000 MUR;
- the professional employed foreign citizen with a basic monthly salary of more than 30,000 MUR;
- the licenses available for investors seeking to set up companies in one of Mauritius’ 4 special economic zones.
Our local agents can offer more information on how to apply for an occupational business permit in Mauritius. We can also assist with the opening of offshore bank accounts for those interested in this option.
How to obtain a license for a tourism business in Mauritius
Setting up a business in tourism has become one of the most prolific industries in Mauritius in the past few years, which is why those interested in setting up an onshore company can choose this sector. After incorporating the business, the company must apply for a tourist enterprise license with the Mauritius Tourism Authority.
This license allows both local and foreign investors to set up companies in the following divisions of the tourism sector:
- private clubs;
- travel agencies;
- tour operators;
- helmet diving businesses;
It should be noted that foreign citizens seeking to relocate to Mauritius must also apply for residence permits with the Passport and Immigration Office.
Documents required to obtaining business licenses in Mauritius
When it comes to the documents that need to be filed upon applying for specific business permits and licenses, these depend on the industry to operate in. Apart from the company’s incorporation papers, each authority will require additional documents.
If you want to set up a company and need assistance in applying for business licenses, please contact our agents in Mauritius.