In order to ensure a smooth and timely incorporation process, ALL information requested in the Company Formation Questionnaire have to be answered. Additionally, verification documents for all individuals and/or companies in the structure all the way up to the Ultimate Beneficial Owners have go be provided.

Scanned copies of the various documents are acceptable. However, hard copies of the application forms, statutory forms and certified documents should follow by courier within 10 days.

The Clients do not have to be physically present in Mauritius for the setting up of the company and for the opening of the bank account(s).

• 

  

  Receipt of completed and signed application questionnaires and certified true copies of verification documents*
  
  
   

• 

  

  Compliance verifications and client acceptance procedures are undertaken. Upon approval of the Compliance Unit, the proposed company name is sent to the Registrar of Companies (“RoC”) for reservation.
  
   

• 

  

  Company formation and Annual Domiciliation invoice is issued for settlement.
  
  
  
  
   

• 

  

  Upon receipt of the Notice of Name Reservation from the RoC and settlement of our fees in full, the Consent of Statutory Forms , namely the Consent of Director Form and Consent of Shareholder Form, are for signature respectively by the Non-Resident Director(s) and the Shareholder(s).
  
   

• 

  

  On-line submission of application and statutory forms to the RoC .
  
  
  
  
   

• 

  

  As soon as the RoC incorporates the company, the application for licensing together with the Certificate of Incorporation are submitted to the Financial Services Commission (FSC) through its online application portal.
  
   

• 

  

  Licence issued the FSC upon the Company meeting all criteria as per The Financial Services (Miscellaneous Provisions) Act 2020. 
  GBC (Non-Financial Services Business): : 7 to 10 days
  AC: 5 to 7 days

NOTE: This timeline is indicative. It has been prepared based on the assumption that procedures will be running smoothly. Imara Trust cannot be held responsible for delays by the local Authorities. Following the licensing of the Company, the first Board Meeting will be held. Immediately thereafter, the application for bank account will be sent. The bank account is generally opened within 4 days.