To be eligible for company formation in Mauritius, both local and foreign individuals or entities can establish a company, subject to specific conditions and requirements. The applicant must be at least 18 years old, as this is the legal age for conducting business activities. Mauritius allows 100% foreign ownership in most business sectors, with some exceptions for restricted industries such as real estate and banking, which may require approval from relevant government bodies.

A minimum of one shareholder and one director is required to form a company, and the director can be a foreigner as long as they meet residency requirements in certain cases. The director must be an individual (not a corporate entity), and companies can be owned by individuals or legal entities. However, the company must have a registered office address in Mauritius.

The company name must be unique, and the proposed name should be submitted for approval to the Registrar of Companies to ensure it complies with naming regulations. The company must also appoint a secretary, who must be a resident of Mauritius.

For tax purposes, a company must register with the Mauritius Revenue Authority (MRA), and the business will be subject to applicable taxes. Certain types of companies may need additional licenses or permits, depending on their business activities.