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Tayo Oviosu
I will NEVER register a business in Mauritius again. You can take that to the bank. So painful - not worth it.
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Tayo Oviosu 15 May 19
Replying to @oviosu
1. Most countries especially OECD countries are now requiring "substance" i.e. actual operations and directors wherever your holding company is located. This is to fight the tax haven business. Mauritius has changed its rules and it would be more expensive to have a company there
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Tayo Oviosu 15 May 19
Replying to @oviosu
2. I have been burned twice now on things I was told were done but it turned out were not. You as an entrepreneur give warranties to your investors on some of these things to be done. To verify I may need to go to Mauritius myself or as I've done so far pay a lawyer to go verify
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Tayo Oviosu 15 May 19
Replying to @oviosu
3. Language. They speak English but honestly, the accent is extremely hard to understand and I am always straining. I think the management companies get this point which is why many of their senior folks are South African.
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Tayo Oviosu 15 May 19
Replying to @oviosu
4. The tax benefits of Mauritius can be gained onshore UK or offshore UK or Netherlands or Luxemburg. Depends on how your business operates and where your investors are domiciled.
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Tayo Oviosu 15 May 19
Replying to @oviosu
5. The laws and courts of Mauritius are not very fast moving and the rules are difficult. I've had one court case that was eventually thrown out after a year. In the UK it would have been thrown out immediately and the person would have had to pay us for our lawyer fees.
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Tayo Oviosu 15 May 19
Replying to @oviosu
6. Basically, not an easy place to do business. It is more painful than useful. I say stick to good ol' America or UK or Netherlands or Luxemburg. Where you know there are professional and the legal system works. Just my two cents. No more to add.
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tiller. 15 May 19
Replying to @oviosu
Why, Sir. Asking for research purposes.
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Tayo Oviosu 15 May 19
Replying to @emekedaking
i answered in summary and that is all...
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Madam Fọlá 15 May 19
Replying to @oviosu
Nigeria is better.
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Onaopemipo Dara 15 May 19
Replying to @shecrownlita @oviosu
Lolly Lol.
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