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Mauritius Company - Offshore Company Formation JURISDICTIONS & FEES
- General
- Type of Company : GBC1
- Political Stability : Good
- Standard Authorised Capital : No
- Tax on Offshore Profits : 15%
- Corporate Requirements
- Local Registered Office and Registered Agent Required : Yes
- Minimum Number of Directors / Managers : 2
- Local Directors Required : Yes (Min. One)
- Corporate Directors Permitted : No
- Minimum Number of Shareholders / Members : 1
- Local Shareholders Required : No
- Corporate Shareholders Permitted : Yes
- Company Secretary Required : Yes, Local
- Bearer Shares Allowed : No
- Annual Requirements
- Filing of Annual Return : No
- Submit Audited Accounts : Yes
- Min. Annual Tax / Licence Fees : US$1700
- Shelf Companies Available : No
Mauritius - Offshore Company Formation GENERAL INFORMATION
- Mauritius INTRODUCTION
Mauritius is situated in the Indian Ocean approximately 800 km off the East Coast of Madagascar. The island, which is of volcanic origin, covers an area of 1,800 sq. km. The population of the Island is approximately 1,200,000 made up principally by people of European, African, Indian and Chinese origin. The British ruled Mauritius for 158 years until 12th March 1968, when it became an independent country within the Commonwealth. Mauritius is one of the few countries with a hybrid legal system based on English and French law. Mauritius has developed from a low income, agriculturally based economy to a middle-income diversified economy with growing industrial, financial, and tourist sectors.
- Mauritius Company is Global Business Companies - Category 1
- GBC1 Companies, which were previously known as "Offshore Company", are formed under the Companies Act 2001 and now regulated by the Companies Act 2001. The GBC 1 Company is treated as tax resident in Mauritius and may thereby access the taxation treaties signed with Belgium, Botswana, China, Cyprus, France, Germany, India, Indonesia, Italy, Kuwait, Lesotho, Luxembourg, Madagascar, Malaysia, Mozambique, Namibia, Nepal, Oman, Pakistan, Russia, Singapore, South Africa, Sri Lanka, Swaziland, Sweden, Thailand, U.K, Zimbabwe. By using a Mauritius GBC1 Company, profits can be withdrawn from that country either without the imposition of withholding tax or subject to a substantially reduced rate of withholding tax.
- Mauritius LANGUAGE
- The official and spoken language is English but "Creole" is widely spoken in the island.
- Mauritius TYPE OF LAW
- Common Law for corporate matters, based on English Common Law with local modifications and local statutes.
Mauritius Company Information
- Mauritius Company TYPE OF COMPANY FOR INTERNATIONAL TRADE AND INVESTMENT
- Global Business Company Category 1 (GBC 1)
- Mauritius Company TIME TO INCORPORATE
- Four Days, but allow 3 weeks for receipt of documentation.
- Mauritius Company RESTRICTIONS ON NAME AND ACTIVITY
- The following words cannot be used in English or any other language: Authority, Bank, Chamber of Commerce, Chartered, Cooperative, Fund, Government, Insurance, Investment or Management Services, Mauritius, Municipal, National, Regional, Presidential, Republic or State. Names should end with Limited or Corporation.
- Mauritius Company CLASSES OF SHARES PERMITTED
- Registered shares, preference shares, redeemable shares and shares with or without voting rights.
- Mauritius Company DISCLOSURE OF BENEFICIAL OWNERSHIP TO AUTHORITIES
- Yes.
- Mauritius Company LICENCE FEES
- US$1,500 to the Mauritius Financial Services Commission (FSC).US$200 to the Mauritius Registrar of Companies.
- Mauritius Company TAXATION
- All Non-Resident corporations are exempt from taxes.
- Mauritius Company FINANCIAL STATEMENT REQUIREMENTS
- GBC1 companies are required to prepare audited financial statements, which must be filed with the FSC.
Whilst every effort has been made to ensure that the details contained herein are correct and up-to-date, it does not constitute legal or other professional advice. We do not accept any responsibility, legal or otherwise, for any error or omission. you can click here Mauritius Company GBC2.
If you would like further information concerning Mauritius Company Incorporation, please contact our professionals and we will provide you with free advisory.
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