Starting business in Mauritius Starting business in Mauritius may seem like a very good idea but without the proper guidance, it can be very difficult. The task becomes even more difficult when one has to do it in a foreign country. More often than not, foreign investors, especially individuals struggle with the concept of setting up a business. In a country like Mauritius where foreign investment is little, this can be a challenging task.
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 two hours from the time of application for a business permit.
Setting up an enterprise in Mauritius 1. Choice of the business structure: The Companies Act provides for several types of companies: 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 smeda business plan mauritius police 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 Categories of companies under the Company Act A company may either be public or private.
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 remove a director by special resolution subject to constitution.
May appoint a director aged over May dispense with the obligation to prepare an annual report by unanimous resolution s.
Small private companies it is one with a turnover of less than 10 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 One-person company The Act provides that one person may form a company.
Dormant companies A company shall be considered a dormant company when for any period no significant accounting transaction has occurs in relation to the company. This excludes the issue of shares, payment of bank charges, licences fees and other compliance costs.
The guide to the Company Act can be accessed on:If you are looking for SMEDA Business plans, you are at the right place. The SMEDA, which has been tasked with an advisory role in the implementation of Prime Minister’s Youth Business Loan scheme, has taken the initiative of developing pre-feasibility studies in eight sectors.
Small and Medium Enterprises Development Authority - SMEDA, Premier institution of the Government of Pakistan under Ministry of Industries & Production. SMEDA was established in October to take on the challenge of developing Small & Medium Enterprises (SMEs) in Pakistan. Smeda business plan for boutique.
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3 1 Project Summary In Mauritius, Small and Medium Enterprises (SMEs) have the ability to significantly contribute to economic growth (SMEDA, ). The Mauritius Chamber of Commerce and Industry serves and promotes the interest of the business community. The MCCI is a dynamic actor in the socio-economic development of Mauritius and offers professional services for business operations, trade, import, export, economic perspectives, tax refund, arbitration, mediation and networking.
The Small and Medium Enterprises Development Authority (SMEDA) is a parastatal body under the aegis of the Ministry of Business Enterprises and Cooperatives, which promote and develop entrepreneurship in Mauritius.