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Incorporate in Mauritius

$6,100.00

Set up a Mauritius Company 

Mauritius is a politically stable jurisdiction and the largest international financial and business hub in the Indian Ocean region with a strong liberal economy, a reputable banking system and a wide offer of qualified professional services.

Authorized Company

Since January 1, 2018, the Global Business License Category 1 (GBC1) has been modified and renamed as Global Business License (GBL), and the Global Business License Category 2 (GBL2) has been abolished and replaced by the ‘Authorized Company’ (AC) license.

The Authorized Company is a new license issued by the Mauritius Financial Services Commission (FSC) and shares common features with the abolished GBC2 company, and will be able to carry out the same type of activities.

A Mauritius company incorporated by non-Mauritius residents where its place of effective management is outside of Mauritius will be required to seek an Authorized Company status.

To determine the place of effective management all the relevant facts and circumstances that relate to the business activities of the company must be examined. Generally, a company shall be deemed to have its place of effective management in Mauritius if:

  • the strategic decisions relating to the company’s core income generating activities are taken in, or from, Mauritius;
  • and the majority of the Board of directors’ meetings are held in Mauritius, or the executive management of the company is regularly exercised in Mauritius;

Companies with their place of effective management outside Mauritius and granted an Authorized companies status will be deemed non-resident for tax purposes (and thus be exempted from income tax) in Mauritius.

However, an Authorized Company will be required to submit a return of income to the Mauritius Revenue Authority (MRA) within six (6) months of its accounting year-end period.

Global Business License Company

Companies holding the Global Business License (GBL) are entitled to do business internationally, may only undertake activities set out in the Business Plan filed with the Financial Services Commission (FSC) at the time of application for a license or as amended and notified to the FSC, and may conduct business with residents subject to the approval of the FSC.

GBL companies may conduct financial services activities such as banking, insurance, assurance, reinsurance, fund management, collective investment schemes, trust management, trusteeship business provision if the relevant license is obtained.

With respect to the taxation of GBL companies – the previous Deemed Foreign Tax Credit (DFTC) regime has been abolished. Previously, GBC1 companies were eligible for a unilateral foreign 80% tax credit on all types of income, reducing the effective income tax rate to 3%. Now, GBL companies are subject to local taxes at a rate of 15%.

However, an 80% Partial Exemption Regime on certain income streams is still available. Income streams available for an 80% partial exemption (3% effective tax rate) include foreign dividends (subject to such an amount not being treated as an allowable deduction in source country), interest income and income derived by companies engaged in ship and aircraft leasing.

To qualify for a Global Business License, companies must fulfill the following requirements:

  • The company shall at all times have at least two Directors resident in Mauritius;
  • All meetings of the Board of Directors shall be chaired and minuted in Mauritius (Teleconferences accepted);
  • The company has a registered address in Mauritius;
  • The statutory documents, company papers, and accounting records are kept at the registered office in Mauritius;
  • The company shall ensure that all its banking transactions are directed through a bank account in Mauritius;
  • The company has a local Company Secretary and local auditors; The TRC is renewable on an annual basis and pursuant to a specific DTA with specific formalities and undertakings to be complied with.

The tax residence certificate is renewable on an annual basis.

In addition, GBL companies may benefit from more than 30 tax treaties to avoid double taxation, being excellent vehicles for investments into China, India, Indonesia, Thailand, Singapore, South Africa, and many more.

They may be incorporated with as little as $1 of paid-up capital, and shares may be issued with or without par value and fractional. Confidentiality is ensured as details of shareholders, directors, beneficial owners, as well as company accounts, are not available to the public.

All in all, GBL companies are excellent vehicles for investment, investment holding, and fund management purposes, among others. They benefit from an advantageous tax regime with an effective tax rate that may be as little as 3%, access to a broad list of tax treaties and no withholding taxes on dividends and royalties, as well as an exemption on capital gains and tax credits on dividends received.

Learn more:

Company Type

Please select your company type

SKU: INC-SG-001-2-1 Category:

Description

Mauritius Private Company with Authorized Company Status – US$6,100.00 (All included)

  • Bound set of Constitutional Documents
  • Certified Copies of Constitutional Documents for bank account opening
  • Government and Registration Fees (Registrar of Companies, Financial Services Commission)
  • Authorized Company Status Application

Time to form: 2 to 3 weeks.

All our incorporation services include a yearly consulting session, a dedicated account manager and access to our global network of trusted business services, including introductions to accountants, financial, tax and legal advisors at no cost.

Annual Fees – US$7,150.00

Including:

  • Administration (file maintenance, regulatory requirements, signatories)
  • Secretarial Services (government fees, registers, minutes, meetings, resolutions)
  • Registered Office
  • Compliance (file review, FATCA, CRS, FSC Survey, BoM Survey, Risk rating reviews, compliance reports)
  • Accounting (preparation of annual FS only and assist in audit, filing with FSC)

Mauritius Private Company with Global Business License – US$12,000.00 (All included)

  • Bound set of Constitutional Documents
  • Certified Copies of Constitutional Documents for bank account opening
  • Government Fees
  • Assistance writing Business Plan
  • Global Business Licence and provision of the legal certificate
  • Organizational minutes
  • Processing fees (Financial Services Commission)
  • Processing Fees & Company Registration Fees (Registrar of Companies)
  • Annual Licence (Financial Services Commission)
  • 2 Corporate Directors
  • Registered Office & Registered Agent fee
  • Courier fees

Time to form: 3 to 4 weeks.

All our incorporation services include a yearly consulting session, a dedicated account manager and access to our global network of trusted business services, including introductions to accountants, financial, tax and legal advisors at no cost.

Annual Fees – US$10,500.00

Including:

  • Global Business Licence fee payable to the FSC
  • Registration fee payable to the Registrar of Companies
  • Tax Residence Certificate (“TRC”) fee payable to the MRA
  • Provision of two resident directors, which is a mandatory requirement
  • Provision of secretarial services including all board meetings/shareholders meetings requirements (organizing meeting, preparing board papers, conducting meetings with directors, taking of minutes of proceedings)
  • Provision of registered office address
  • Acting as Registrar and Transfer Agent (includes maintenance of all relevant registers, ie, directors register, register of members, secretary’s register)
  • Acting as the main contact point for all relevant parties (authorities, shareholders, banker, lawyer, auditors etc)
  • Performance of all banking transactions upon receipt of relevant instructions. (Our officers can act as a cosignatory to the bank account)
  • Submission of all applications as may be required from time to time by the directors
  • Ensuring compliance with all relevant legislation
  • Preparation of yearly financial statements in accordance with IFRS and any such other frequency where management accounts would be required
  • Liaison with accountants and auditors with respect to financial statements and audit
  • Preparation and filing of quarterly and yearly tax returns, and tax payments with the Mauritius Revenue Authority
  • Renewal of the Tax Residence Certificate on a yearly basis
  • Ongoing due diligence in line with the AML/CFT laws of Mauritius

Bank Account Options

  • Mauritius Bank Account (Remotely) – US$500.00
  • Labuan (Malaysia) Bank Account (Remotely) – US$500.00
  • Offshore Bank Account* (Remotely) – US$300.00
  • Curaçao Bank Account (Remotely) – US$500.00
  • Bahamas Bank Account (Remotely) – US$500.00
  • Singapore Bank Account (In-person) – US$900.00
  • Hong Kong Bank Account (In-person) – US$1,200.00
  • Switzerland Bank Account (In-person) – US$1,200.00
  • Crypto-Friendly Bank Account (Remotely) – US$3000.00

We include introductions to payment processors or merchant accounts with all of our incorporation services. Whether you just need standard credit card processing or specialized services for high-risk processing, we are happy to help you with introductions that can empower your business.

*Offshore Bank Accounts: Belize, Puerto Rico, Nevis, Antigua, Saint Lucia.  Other bank account options may be available depending on business profile and turnover.