Mauritius is a premier international business centre located in the Indian Ocean with unprecedented growth and socio-economic development and has emerged as a politically stable democracy that welcomes foreign investors and businesses. Mauritius has become a credible jurisdiction for offshore company formation offering a reliability and security to investors through its flexible regulatory framework.
Mauritius has attracted more than 20,000 offshore entities in the last years. But the requirements to prepare and file accounts, as well as the disclosure of the beneficial owners, shareholders, and directors to the registry, are crucial disadvantages of the jurisdiction.
The credibility of Mauritius for offshore investments has been solidified by adherence to the new international requirements involving combating financial terrorism and money laundering. This has facilitated Mauritius to enjoy a reputation as a trustworthy, well-regulated offshore centre with guaranteed confidentiality.
However, the island stability well recognized across the globe. Companies can hold two different categories of Global Business License which are;
Mauritius GBC1 Company Formation
These are companies incorporated under the Companies Act 2001 and licensed by the Mauritius Financial Services Commission. They are resident in Mauritius for taxation purposes and have access to Mauritius’ extensive double taxation avoidance treaty network, provided they hold a Tax Residence Certificate issued by the Mauritius Revenue Authority.
Mauritius GBC2 Company Formation
These are companies incorporated under the Companies Act 2001 with a Category 2 Global Business Licence. They are designed for business outside of Mauritius and may not carry on business in Mauritius. GBC2s are commonly used for the ownership of investments and assets (real estate or shares or other property) commercial transactions and international trading operations, asset protection, non-financial consultancy services.
Benefit of Mauritius Offshore Company Formation
- 100% foreign ownership allowed
- No Minimum paid-up capital
- Minimum 1 shareholder and 1 director
- 15% tax rate on taxable income annually
- No taxes on dividends
- No exchange control or restrictions on repatriation of profits
- Internet commerce
- Intellectual property management
- The custody of movable and immovable property
- Inheritance provisions
- Stockbroker / forex
- International business
Mauritius Company Incorporation Requirements
Minimum 1 shareholder – 100 % shareholding allowed by foreign corporate and individual shareholder. No requirement to be a Mauritian resident.
Minimum one individual director required who has to be an ordinary resident of Mauritius. We provide this service.
- Registered office
- Local Registered address (P.O. Box not allowed).
- Company Secretary
The usual steps are:
- Name approval
- Prepare registration documents
- Client to sign registration documents
- Register company with Registrar of Companies
- Post incorporation procedures (opening bank accounts, etc.)
The following documents are to be submitted to the Registrar of Companies:
- Application for incorporation of a company.
- Photocopy of National Identity Card for a citizen of Mauritius or Photocopy of Passport
- Public Utility Bill (not more than three month’s old)
- Consent to act as Shareholder
- Consent to act as Director and Statement of Non-disqualification to Act as Director
- Consent to act as Secretary
Name approval takes only one day. Once the company name is approved and the signed documents are been submitted, you can normally register the Mauritian Company.
Business Registration Certificate
An application must be made to the Registrar of Companies to obtain a Business Registration Certificate before commencing business. The certificate is normally given once the company has been incorporated.
Nex Consultants offers a guaranteed corporate service for clients, guiding you through every step of the incorporation process and beyond. We are thus able to recommend the best possible options and ensure that your business is up and running with minimal hassles and effort. Our know-how, competitive rate and trusted and quality service have made us one of the most preferred company formation consultants and service providers in this region.