Mauritius Company
Mauritius Offshore Company Formation
Mauritius offers lower tax rates than most of the popular offshore jurisdiction, which is beneficial for small and medium businesses. The taxation system is well-defined and encourages investment by foreign nationals. Offshore companies are exempted from land transfer tax, stamp duties, and capital gains tax.
A company can be incorporated in one day in Mauritius if application is submitted in hard copy to the Registry. However, when an application is submitted online, a minimum of three days is required. Costs associated with company incorporation vary depending on the nature and category of company.
Choice of the business structure
- Domestic Company
- Global Business Company
- Authorized Company
A company can be limited by shares, limited by guarantee, limited by shares and guarantee or unlimited.
Domestic Company
Where the majority of the shares of a domestic company are held by a non-citizen of Mauritius, the company will only be permitted to conduct business in Mauritius. Such a company will be required to obtain a Global Business License from the Financial Services Commission of Mauritius if it conducts business predominantly outside Mauritius.
The rate of tax for a domestic company is 15% flat on its net profit.
A domestic company is not regulated by the Financial Services Commission unless it is operating in the financial services sector.
Global Business Company
A Global Business Company (GBC) is a company resident in Mauritius and has obtained a Global Business Licensee from the Financial Services Commission of Mauritius.
A GBC allows a non-citizen of Mauritius to set up his company in Mauritius. The non-citizen can hold the majority of shares or voting rights or the legal or beneficial interest of a GBC.
The rate of tax for a GBC is 15% flat on its net profit. A GBC can avail to a partial exemption of 80%, that is, 80% of its income will be exempted from tax if the income is derived from the following income/activities:
- Foreign dividend derived by the company;
- Interest derived by a company other than bank;
- Leasing & provision of international fibre capacity;
- Income derived from ship/aircraft leasing;
- Income attributable to Permanent Establishment;
- Sale, financing, arrangement, asset management of aircraft and its spare parts and associated aviation advisory services.
- Income from Collective Investment Scheme (CIS) / Closed-End Fund (CEF) / CIS Manager / CIS Administrator / Adviser / Asset Manager approved by the Financial Services Commission;
- Reinsurance / Reinsurance brokering activities;
A GBC is not subject to any capital gains tax or withholding taxes on distribution.
Authorized Company
An Authorized Company (AC) is an entity that is not resident in Mauritius for tax purposes.
An AC allows a non-citizen of Mauritius to set up his company in Mauritius. The non-citizen can hold the majority of shares or voting rights or the legal or beneficial interest of an AC.
An AC shall conduct its business principally outside Mauritius and shall have its place of effective management outside of Mauritius.
An Authorized Company (AC) cannot engage in the following activities:
- Banking;
- Financial services;
- Carrying out the business of holding or managing or otherwise dealing with a collective investment fund or scheme as a professional functionary;
- Providing of registered office facilities, nominee services, directorship services, secretarial services or other services for corporations;
- Providing trusteeship services by way of business; and
Any other activities that the Financial Services Commission may determine as being detrimental to the good repute of Mauritius as a centre for financial services or contrary to public interest
Categories of companies
A company may either be public or private.
Contact A-Z Business Consultancy to setup your offshore company in Mauritius
With our experience in setting up offshore companies worldwide A-Z Business Consultancy is the right service provider for you. After proper consultation with our team you can find out the best jurisdiction for activities that you want to do.
Contact us to find out more about Mauritus offshore company.