Mauritius (MU)

Jurisdiction Overview

IDQuestionAnswer
189 *Are annual accounts submitted to a public authority? Yes, there is an obligation to submit annual accounts for all types of companies.
 Data Date: 2019

Notes

 
According to section 215 of the updated Companies Act 2001: "[...] every company, other than a small private company, shall ensure that, within 28 days after the financial statements of the company [...] are filed with the Registrar for registration. [...]. A small private company shall file with the Registrar for registration with the annual return required to be registered under section 223, a financial summary.[...]". OCRA supports this view. According to the Global Froum, it was not clear if companies with Global Business Licence have to file financial statements: "With the exception of any company with a Global Business License, companies incorporated under the Companies Act must submit such financial statements to the Registrar as part of their annual report (s.‚ÄČ221 CA)" (GF 2017: 66). However, the Financial Services Commission approves that Global Business License companies have to submit accounts as well (fscmauritius.org). Furthermore, the OECD reported in 2019 that Global Business license 1 and 2 types of companies are abolished (OECD HTP 2019: 22).

Sources

GF 2017: 66; GF 2013: 60-61
 
http://www.ocra.com/jurisdictions/mauritius01.asp
 
https://www.fscmauritius.org/media/1352/fact-sheet-on-global-business-fsc-final-22-march-2013.pdf
 
http://companyformation7.com/MauritiusFAQ.pdf
 
https://www.mcci.org/media/35749/the-companies-act-2001.pdf
 
https://dhw-international.com/wp-content/uploads/2012/12/Doing-Business-Guide-Mauritius-1st-edition.pdf
 
https://www2.deloitte.com/content/dam/Deloitte/global/Documents/Tax/dttl-tax-mauritiushighlights-2019.pdf