The Republic of Mauritius stands as a perfect destination when it comes to offshore company formation. The region of Mauritius stands as a diversified economy and has been grabbing the attention of international investors at a global count. Today, more than 9,000 offshore companies have been incorporated in the region, and the country’s diversification relies mostly on the offshore companies. Some of the key features are highlighted below:
- Stands as a premier international business destination located at the central point of the Indian Ocean
- No charges when it comes to stamp duties, registrar duties or levies
- Internal exposure to the business domain and there is no restriction to carry out the operations at the global level
- Complete foreign ownership can be availed
- Mauritius stands as the 20th most favourable company when it comes to ease of doing business
- By 2020, the nation’s GDP is expected to trend around 4.1%
Mauritius Offshore Company Formation is Ideal for
Businessman
Consultant/Consultancies
Traders
Custody of Real Estate
E-Commerce
Expatriates
Inheritance Purpose
Holding Intellectual Property Rights
Characteristics of Mauritius Offshore Company
|
Company Type |
Mauritius Authorized Company |
|---|---|
|
Governing Corporate Legislation |
The Mauritius Financial Service Commission is the governing authority and companies are regulated under the Companies Act 2001. |
|
Information Published Relating to Company Officers |
Names of company officers are filed with the Registrar but are not open to public inspection. |
|
Corporate Directors Permitted |
Yes |
|
Accounting Requirement |
Abbreviated Balance Sheet is to be produced every year. |
|
Taxation |
No taxes |
|
Legislation |
Modern Offshore Legislation |
|
Standard Currency |
US$ |
|
Time to for |
48 hours of formation time. |
|
Stability |
Stable jurisdiction with a good reputation. |
|
Time Zone |
GMT+4 |
|
Requirement of Secretary |
Optional |
|
Paid-up Capital |
No Capital Required |
|
Minimum No. of Shareholders |
Minimum 1 |
|
Set-Up Time |
3-5 Working Days |
Offshore Company Registration in Mauritius
The company registration process for an Offshore Company in Mauritius is stated below:
Fill an Application Form
The first step that you need to take is to fill up the company formation application form to provide the necessary details required
Upload the Essential Documents
In the next step, you need to upload the respective documents to initiate the verification process.
Register the Company
Once you have submitted the company documents, pay the fee required for company incorporation and obtain the Certificate of Registration
Avail Other Services
After receiving the certificate, other services like Mauritius offshore banking, nominee director, etc. need to be availed
Company Dispatch Kit
The final step is to receive the company kit, which will include all the company documents.
Documents Required for Mauritius Offshore Company Formation
The documents required to start an offshore company in Mauritius are stated below:
Certified copy of passport
Proof of domicile issued within the last three months
Bank reference letter
Original bank statement for a personal account stating the client's address
A signed business plan
Curriculum vitae
1. What is the Corporate Tax Rate in Mauritius?
The Corporate tax rate in Mauritius is stated below:
• GBC1 Companies- 3%
• Other Company Types- 15%
2. What is a GBC1 and GBC2 Company?
The GBC1 stands as a legal business entity that may be locally incorporated or may stand as a branch of a foreign company.
When it comes to GBC 2 Companies, they stand as a locally incorporated company or even a branch of foreign company. However, the main feature is of GBC 2 Company id confidentiality, wherein the identity of a beneficial owner stands very confidential.
3. Does there exist any currency-restriction?
No, the banks of Mauritius allow the corporate entities to deal with business transactions in multi-currencies.
4. What are the top business industries in Mauritius?
The top business industries in Mauritius covers the following:
• Accountancy / Tax / Audit
• Advertising / Marketing / PR
• Agriculture
• Banking and Financial Services
• Computing and Office Supplies
• Constructing and Engineering
• Economic Development Agencies
• Electricity and Power