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Domestic business.

Setting up your entity

Navitas advises entrepreneurs as to the setting up of the appropriate corporate vehicle, in line with your business objectives.

A proposed entity owned and controlled by Mauritian citizens, or incorporated to conduct business mostly in Mauritius, will be a domestic company.

Admin & Legal

Accounting & Tax

Navitas is registered with the Mauritius Institute of Professional Accountants (MIPA) as Public Accountants. We specialise in outsourced accounting & tax as well as reporting services, for hundreds of clients operating in various sectors of the Mauritian and international economy.

  • Administration
  • General Accounting
  • Payroll
  • Returns
  • Reporting
  • Taxation

Setting up your entity

Navitas advises entrepreneurs as to the setting up of the appropriate corporate vehicle, in line with your business objectives.

A proposed entity owned and controlled by Mauritian citizens, or incorporated to conduct business mostly in Mauritius, will be a domestic company.

Domestic companies benefit from a -15% tax rate, with the following exceptions:

  • 3% tax rate if engaged in exports of goods;

  • 3% or less if income sources are dividends and/or interests from a foreign source;

  • 3% tax rate on overseas income derived by a Collective Investment Scheme (CIS), closed ended funds, CIS manager, CIS administrator, investment advisor or asset manager;

  • No capital gains tax;

  • 2% Corporate Social Responsibility (CSR);

  • No withholding tax on payment of dividends to shareholders.

To this end, we assist you with…

  • The setting up of all available types of corporate vehicles (limited by shares, by guarantee, limited life…);

  • The drafting of constitutions, shareholders’ agreements, share sale and purchase agreements;

  • Your application with the Economic Development Board(EDB) and the relevant authorities for different permits, including investor, self-employed, retired, professional, tourist enterprises-related and business operations permits, among others.

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Admin & Legal

Pre-Incorporation
Post-Incorporation
  • Acting as company secretary;

  • Safe keeping and updates of all required statutory registers;

  • Full management of your board and committee meetings processes;

  • Provision of resident directors;

  • Provision of a registered office address;

  • Advice and application on your behalf for all required licenses you need to conduct business;

  • Registration of your trademarks and trade names;

  • Registration of your company with the Data Protection Office;

  • Advice on, and implementation of, the code of corporate governance and best business practices;

  • Advice on, and implementation of, all company laws actions, including issue of shares, restructuring of capital, name changes, share transfers, share splits, amalgamations…

Accounting & Tax

Administration
  • Preparation of sales invoices;

  • Sending of statements to customers;

  • Payment of suppliers;

  • Opening of letters of credit and management of the processes for other trade banking instruments;

  • Registration of your company with the Mauritius Revenue Authority (MRA) and other relevant authorities;

  • Assistance in other, similar administrative tasks.

General Accounting
  • Processing of all your accounting source documents; 

  • Journal entries;

  • Bank reconciliations, as well as customer and supplier reconciliations;

  • Assistance in other, similar accounting tasks.

Payroll
  • Computarisation and preparation of monthly payrolls;

  • Sending of payslips to employees;

  • Monthly returns to all statutory authorities;

  • Assistance in other payroll-related tasks.

Returns
  • Filing of Value Added Tax (VAT);

  • Corporate income tax;

  • Tax deduction at source (TDS);

  • Filing of all employment-related returns;

  • Assistance in other tax required returns.

Reporting
  • Preparation of your management accounts as per a pre-agreed reporting format, reviewed on a monthly, quarterly, semesterly or yearly basis;

  • Variance analyses;

  • Preparation of your forecasts and budgets;

  • Preparation of annual financial statements for filing by the Company Secretary.

Taxation
  • Advice on Mauritian tax and tax treaties signed by Mauritius;

  • Computarisation of all taxes payable in Mauritius; 

  • Computarisation and payment of tax in advance (APS);

  • Computarisation and refunds requests from the relevant tax authorities;

  • Assisting with tax disputed with the Mauritius Revenue Authority;

  • Answer to all your tax enquiries.