Opening a new subsidiary in Mauritius is something your company should celebrate. You'll get to conduct business in a new country, form important business relationships, and provide jobs to people who need...
Read MoreOpening a new subsidiary in Mauritius is something your company should celebrate. You'll get to conduct business in a new country, form important business relationships, and provide jobs to people who need them. However, you still have to learn how to set up a Mauritius subsidiary and what laws you need to follow to stay compliant.
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Opening a new subsidiary in Mauritius is something your company should celebrate. You’ll get to conduct business in a new country, form important business relationships, and provide jobs to people who need them. However, you still have to learn how to set up a Mauritius subsidiary and what laws you need to follow to stay compliant.
From start to finish, it can take weeks or months to establish your Mauritius subsidiary. Globalization Partners offers a different solution with our Mauritius subsidiary outsourcing services. Our Employer of Record solution means you can use our already established subsidiary to start working in Mauritius in a matter of days. We’ll take care of hiring employees, running payroll, and tracking compensation and benefits so that you can run your company with less stress.
The process to set up a Mauritius subsidiary depends on where you incorporate and what type of entity you choose. Often, different regions in a company can operate under separate subsidiary laws that impact how much you pay and what steps you take. The type of entity you choose to incorporate as also plays a role since each comes with its own laws. While you have numerous options to choose from, the most popular structure is a limited liability company (LLC).
When you’re ready to set up your Mauritius subsidiary, you need to designate at least one shareholder at the time of incorporation. They can be of any nationality and live in any country. You will also need $1 of minimum share capital and a director who will live in Mauritius. If you don’t have a current company executive ready to take on the director role, you need to find someone who will.
It’s important for you to understand all of Mauritius’ subsidiary laws completely before you establish an LLC. If you don’t have the time to learn these laws yourself, you can hire a lawyer or a consultant who is an expert in the country’s regulations.
If you’re planning on establishing a subsidiary in the tourism industry, remember that foreigners cannot own more than 49% of hotels with fewer than 100 rooms. Similarly, if you want to open a restaurant, consider financial restrictions — like an initial investment of $300,000.
Incorporating as an LLC means you’re subject to a 15% corporate tax rate. You also need to submit annual financial statements and meet all tax requirements.
The biggest benefit of following Mauritius subsidiary laws and incorporating in the country is that you can legally operate there. Once your subsidiary is up and running, you can successfully hire employees, add them to payroll, and start growing your business. An LLC brings its own benefits in that the subsidiary and parent company can operate independently from one another. The parent company doesn’t have to worry about incurring liability from the subsidiary, while the subsidiary can create its own company culture.
Although you could try Mauritius subsidiary outsourcing services, you need a partner who will truly help you along the way. Globalization Partners provides even more benefits than establishing a subsidiary. We’re the partner you need to start working in Mauritius quickly. Instead of setting up your subsidiary, you can use our already-established entity in the country. We’ll take the process down from months to a few days so that you can start working right away.
If you decide to set up a subsidiary yourself instead of using Mauritius subsidiary outsourcing services, you should budget the time and money you need to succeed. Some portions of the subsidiary setup process require a fee, so it’s critical to research those figures ahead of time and work with your accounting team to pay for the process.
You also need the time to travel back and forth to Mauritius, whether it’s to sign paperwork, hire employees, or work with other local vendors. If your busy schedule doesn’t allow time for this travel, consider hiring someone to handle the Mauritius subsidiary setup process for your company.
Globalization Partners can help take the stress out of expanding to a new location. Contact us today to learn more about our Mauritius subsidiary outsourcing services.
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