Mumbai, Maharashtra Jun 3, 2022 (Issuewire.com) - In recent years Mauritius has become a popular country for investor company formation. It is the leading country in Africa for ease of doing business and Good Governance. One of Mauritius’s key advantages is that it has an extensive network of Double Tax Treaties and Investment Promotion Agreements. Some other advantages of company formation in Mauritius include:-
- Economically and Politically stable
- The English Language is widely spoken
- Easy for foreigners to register a company
- No exchange controls
- No trading restrictions
- The plethora of highly qualified bilingual professionals
The requirements to start a company are a bare minimum and include - one Shareholder, one Resident Director, one Company Secretary, an initial paid-up capital of Rs1, and a locally registered office address.
However, in spite of the numerous benefits, Mauritius offers its investors; there are also some challenges in setting up and effectively running a company such as a shortage of skilled labour, especially for new industries such as IT and telecommunications sectors.
There are also some restrictions in the employment law which can be complicated, furthermore for companies in the construction industry the process for applying for and obtaining a construction permit can be lengthy. This is precisely why utilising the services of a company formation company with deep on the ground knowledge, like S.K. Patodia which can advise on the pitfalls of running a business in the country is essential for business success.
For further information on company formation in Mauritius visit us at https://skpatodia.in/company-formation-in-mauritius/ . One of our specialised consultants would be happy to assist you.
About S K Patodia
S K Patodia and Associates is a CA firm headquartered in Mumbai with dedicated professionals to have your company registered in your chosen jurisdiction, within 7 days. Established in 1992, SK Patodia is situated in PAN India with branches in 14 different locations across India. It has a strong team of 500 approx. personnel, comprising 18 partners, 100 qualified professionals, and audit assistants. Their name is synonymous with trust. Along with company formation services they also offer bank account opening, taxation and DTAA services, the appointment of directors, company secretary, audit and accounting as well as services to add substance to your new company.
Media Contact
Jack Ekka *****@skpatodia.in https://skpatodia.in/