Jurisdictions >> Mauritius Company >> Mauritius Company Formation
Mauritius Company. Mauritius Offshore Company. Mauritius Company Formation.
Worldwide Incorporation Services specializes in Mauritius Company Formation (GBC I and GBC II) and opening bank accounts.
Mauritius – General Information
Location: Southern Africa, island in the Indian Ocean, about 800 km (500 mi) east of Madagascar.
Area: total: 2,040 sq km, land: 2,030 sq km, water: 10 sq km; note: includes Agalega Islands, Cargados Carajos Shoals (Saint Brandon), and Rodrigues.
Natural resources: Arable land, fish.
Population: 1,356,388 (July 2017 est.).
Capital: Port Louis.
Time Zone: UTC+4.
Languages: Creole 86.5%, Bhojpuri 5.3%, French 4.1%.
Government type: Parliamentary republic.
Legal system: Civil legal system based on French civil law with some elements of English common law.
International organization participation: ACP, AfDB, AOSIS, AU, C, CD, COMESA, CPLP (associate), FAO, G-77, IAEA, IBRD, ICAO, ICC (NGOs), ICCt, ICRM, IDA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, IMSO, InOC, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC (NGOs), MIGA, NAM, OIF, OPCW, PCA, SAARC (observer), SADC, UN, UNCTAD, UNESCO, UNIDO, UNWTO, UPU, WCO, WFTU (NGOs), WHO, WIPO, WMO, WTO.
Economy: The economy currently depends on sugar, tourism, textiles and apparel, and financial services, but is expanding into fish processing, information and communications technology, education, and hospitality and property development. Sugarcane is grown on about 90% of the cultivated land area but sugar makes up only around 3-4% of national GDP. Authorities plan to emphasize services and innovation in the coming years. After several years of slow growth, government policies now seek to stimulate economic growth in five areas: serving as a gateway for international investment into Africa; increasing the use of renewable energy; developing smart cities; growing the ocean economy; and upgrading and modernizing infrastructure, including public transportation, the port, and the airport. Mauritius has attracted more than 32,000 offshore entities, many aimed at commerce in India, South Africa, and China. The offshore sector is vulnerable to changes in the tax framework and authorities have been working on a Financial Services Sector Blueprint to enable Mauritius to transition to a jurisdiction of higher value added. Mauritius’ sound economic policies and prudent banking practices helped mitigate negative effects of the global financial crisis in 2008-09. GDP grew in the 3-4% per year range in 2010-17, and the country continues to expand its trade and investment outreach around the globe.
Currency: Mauritian rupee (MUR).
Mauritius Company – Overview
Principal Corporate Legislation
The Companies Act 2001, Financial Services Act 2007.
Type of Law
Hybrid.
Language of Legislation and Corporate Documents
English.
Mauritius Companies: Key Aspects
Types of Company for International Trade, Investment & Tax Planning
- Mauritius Global Business Company I (Tax Resident)
- Mauritius Global Business Company II (Mauritius Offshore Company)
Mauritius GBC I – Mauritius Tax Resident
Share Capital
Standard authorised share capital is US$1,000,000. Minimum paid up share capital is US$1.
Classes of Share Available
Registered shares, preference shares, redeemable shares and shares with or without voting rights.
Bearer Shares
Not permitted.
Restrictions on Trading
Banking, insurance, assurance, reinsurance, fund management, collective investment schemes, trust management, trusteeship business provision are not permitted.
Registered Office Required
Each Mauritius Company must have a Registered Agent and Registered Office in Mauritius, provided by a licenced service provider.
Directors
A Mauritius Company requires a minimum of two director. Director can be of any nationality and need not be resident but at least two directors must be a residents of Mauritius.
Shareholders
A Mauritius Company requires a minimum of one shareholder.
Publicly Accessible Records
No.
Nominee Shareholders and Nominee Directors
Allowed.
Location of Meetings of Directors and Shareholders
Anywhere.
Personal Presence Required
No.
Taxation
0-3%.
Double Taxation Treaty Access
Belgium, Botswana, China, Croatia, Cyprus, France, Germany, India, Italy, Kuwait, Luxembourg, Madagascar, Malaysia, Mozambique, Namibia, Nepal, Oman, Pakistan, Rwanda, Singapore, South Africa, Sri Lanka, Swaziland, Sweden, Thailand, Uganda, UK, Zimbabwe.
Requirements to File Accounts
Yes.
Requirement to File Annual Return
None.
Audit Requirements
None.
Currency
Mauritian rupee (MUR).
Exchange Control
None.
Language of Name
English.
Restricted Words
Words such as “Assurance”, “Bank”, “Building Society”, “Royal”, “Trust Company”, “Trustee Company” etc. will require justification.
Name of a Company
The words “Limited”, “Corporation”, “Incorporated”, “Public Limited Company”, “Societe Anonyme”, “Sociedad Anonima” or Ltd, Corp., Inc., PLC, S.A. must be part of the name of every Mauritius company.
Time to Incorporate
Three to four weeks.
Cost of Mauritius GBC I Company Formation (Tax Resident)
Mauritius GBC II – Mauritius Offshore Company
Share Capital
Standard authorised share capital is US$1,000,000. Minimum paid up share capital is US$1.
Classes of Share Available
Registered shares, preference shares, redeemable shares and shares with or without voting rights.
Bearer Shares
Not permitted.
Restrictions on Trading
A Mauritius Offshore Company cannot trade within Mauritius. Banking, insurance, assurance, reinsurance, fund management, collective investment schemes, trust management, trusteeship business provision are not permitted.
Registered Office Required
Each Mauritius Offshore Company must have a Registered Agent and Registered Office in Mauritius, provided by a licenced service provider.
Directors
A Mauritius Offshore Company requires a minimum of one director. Director can be of any nationality and need not be resident in the Mauritius. Corporate directors are permitted.
Shareholders
A Mauritius Offshore Company requires a minimum of one shareholder.
Publicly Accessible Records
No.
Nominee Shareholders and Nominee Directors
Allowed.
Location of Meetings of Directors and Shareholders
Anywhere.
Personal Presence Required
No.
Taxation
Nil.
Double Taxation Treaty Access
None.
Requirements to File Accounts
Yes.
Requirement to File Annual Return
None.
Audit Requirements
None.
Currency
Mauritian rupee (MUR).
Exchange Control
None.
Language of Name
English.
Restricted Words
Words such as “Assurance”, “Bank”, “Building Society”, “Royal”, “Trust Company”, “Trustee Company” etc. will require justification.
Name of a Company
The words “Limited”, “Corporation”, “Incorporated”, “Public Limited Company”, “Societe Anonyme”, “Sociedad Anonima” or Ltd, Corp., Inc., PLC, S.A. must be part of the name of every Mauritius offshore company.
Time to Incorporate
Three days.
Cost of Mauritius Company Registration
- We’ve been helping business owners since 1998
- Incorporating your business is our focus
- We make a complex process fast and easy
- We work closely with Mauritius Companies Registry to guarantee our service
Mauritius Company Formation – Office Addresses
Services related Formation of a Mauritius Company / Mauritius Offshore Company
Worldwide Incorporation Services provides the following services related formation of a Mauritius Company or Mauritius Offshore Company:
- Mauritius Company Formation
- Mauritius Offshore Company Formation
- Registered Office and Agent Services in Mauritius
- Company Secretarial Services
- Nominee Shareholder / Nominee Director
- Opening of Bank Accounts in Mauritus
- Full Company Administration Services
- Mailing Address in Mauritius
- Virtual Office in Mauritius
- Trademark Registration
- Yacht Registration
Worldwide Incorporation Services | Mauritius Company (Tax Resident) / Mauritius Offshore Company
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Tags: Mauritius Company | Mauritius Company Formation | Mauritius Company Incorporation | Mauritius Company Setup | Offshore Mauritius | Mauritius Company Registration