Statutory Obligations

Statutory Obligations

Statutory Obligations & Timeframes

Once your entity is incorporated or registered in Mauritius, you must comply with the ongoing obligations under the relevant legislation.

Failure to comply may result in penalties, removal from the register, or prosecution.

Companies are requested to:

  • Registration fees is payable each year from 03 January to 20 January.
  • With a turnover not exceeding 30 Million rupees:
    • Fees : Rs 500
    • Penalty after due date: Rs 250
  • With a turnover exceeding 30 Million rupees:
    • Fees: Rs 2500
    • Penalty after due date: Rs 1250
  • Dormant Company:
    • Fees: Rs 2500
    • Penalty after due date: Rs 1250
  • For a Private Company with a turnover that exceeds Rs 100 M:
    • Fees: Rs 18000
    • Penalty after due date: Rs 9000
  • For a Public Company:
    • Fees: Rs 27000
    • Penalty after due date: Rs 13500
  • For a Foreign Company:
    • Fees: Rs 27000
    • Penalty after due date: Rs 13500

                           

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Have a balance sheet date (financial year end) which starts as from the date of its incorporation (the first financial year should not exceed a period of 18 months).

Financial Summary/Financial Statement should be submitted every year.

The CBRD office should be notified of Annual Meeting date of shareholders for the first calendar year after incorporation.

  • In case turnover exceeds Rs 100 M – An Annual Return (F24) with Financial Summary should be submitted.
  • In Case the company has a turnover less than Rs 100 M, no Annual Return need to be filed. However, the company needs to file its Financial Summary.
  • If there are no changes in company structure, a No Change Return (F26) with Financial Summary should be submitted.
  • Regardless of turnover, if there is any change in its shareholding or in the composition of board of director or any other particulars in relation thereto, an Annual Return and Financial Summary need to be filed.

     

     Timeframe:

  • The Annual Return must be filed once every year.
  • The Board shall ensure that financial statements are prepared within 6 months after the balance sheet date.
  • The annual return shall be completed and filed with the Registrar within 28 days of the date of the annual meeting of the company.

     

     Failure to file:

  • Company and every director commit an offence.
  • Company may be removed from the register under Section 309.

    Every company must:

  • Maintain a registered office in Mauritius at all times.
  • Notify the Registrar of any change.

The company must notify the Registrar of:

  • Appointment
  • Resignation
  • Removal

 

       Timeframe:

  • Within 28 days of the change.

 

Companies must:

  • Identify and declare Beneficial Owners.
  • Update the register upon any change.

     

     Timeframe:

  • Shall be filed with the Registrar within 14 days from the date by which any entry or alteration is made in the share register.

 

Businesses Under the Business Registration Act 2002

Every person registered under the Business Registration Act 2002 shall, in respect of every transaction he makes, use and indicate on any document, whether electronically or otherwise –

  • his business registration number; and
  • where the person with whom the transaction is made is registered under this Act, the business registration number of that person.

A copy of the business registration card in force shall be displayed in a conspicuous place at the principal place of business of the person and at every other place where the person carries on business.