With a strong team of professionals, we support you in your corporate needs and administrative tasks of running your business. Our business and corporate administration services allow you to focus on the development of your growth strategy. Together, from the Mauritian International Financial Centre, we will unlock the potential of your business.
With exposure to various industry verticals thanks to our broad client base, we act as consultants. We advise and help you find further business and growth opportunities.
- Preparation of incorporation file and liaising with the authorities
Thanks to our in-depth experience in the industry, we efficiently guide and help you in compiling all the documents that are required for submission to the authorities. We know that starting something new is exciting. This is why we work with you to make things happen as quick as possible. You also have at your disposal our expertise in specialised licences.
- Company Set up
We help you choose the best type of company for your activity: offshore funds, limited life companies, protected cell companies, investment holdings, invoicing and trading companies, service companies, intellectual property and royalty companies, or advisory companies.
- Day-to-day business and corporate administration services
Depending on the scope of work, our business and corporate administration services include the provision of directorships, domiciliary and compliance services, processing of routine transfers, payment of regulatory fees, bookkeeping, preparation and filing of financial statement and annual tax return.
In particular, we help you set up your Domestic Company, Authorised Company or Global Business Corporation as the case may be.
An Authorised Company is an entity where the majority of shares or voting rights or the legal or beneficial interest are held or controlled, as the case may be, by a person who is not a citizen of Mauritius. In addition, an Authorised Company should have its place of effective management outside of Mauritius as well as conduct business principally outside Mauritius. An Authorised Company is treated as non-resident for tax purposes in Mauritius.
| General Overview | |
| Regulatory Bodies | The Registrar of Companies
The Financial Services Commission The Mauritius Revenue Authority |
| Name | Prior approval required from the Registrar of Companies |
| Corporate Tax | Corporate Tax The Company is not considered as tax resident in Mauritius as its control and management is outside Mauritius. This means that the Company will not be taxed in Mauritius on its foreign income but it will be subject to tax in Mauritius on any local income. |
| Access to Double Taxation Avoidance Agreements | No |
| Beneficial Ownership | Beneficial Ownership Must be disclosed to the Financial Services Commission, the Registrar of Companies and Banks only |
| Migration In and Out of Mauritius | Allowed |
| Conversion to another legal regime | Allowed |
| Confidentiality | Yes |
| Formation and Requirements | |
| Due Diligence/KYC requirements | Promoters, beneficial owners/shareholders, directors, bank account signatories |
| Business plan should include |
|
| Documents to be kept at Registered Office | Constitutive documents, Registers, due diligence, accounting records and agreements |
| Directors | |
| Minimum number of directors | One |
| Corporate director | Allowed |
| Shareholders | |
| Minimum number of shareholders | One |
| Stated capital |
|
| Corporate Shareholder | Allowed |
| Company Secretary, Registered Agent and Registered Office | |
| Company Secretary | Optional |
| Registered Agent | Required |
| Registered Office | Required |
| Accounting and Administration | |
| Approved activities | Any lawful activity provided that the main economic activity is conducted outside Mauritius |
| Audited Accounts required | No
A Financial Summary within 6 months of financial year needs to be filed with the Financial Services Commission |
| Tax Return required | Tax Return required A Return of Income needs to be filed with the Mauritius Revenue Authority |
| Corporate Tax | Corporate Tax The Company will not be taxed in Mauritius on its foreign income but it will be subject to tax in Mauritius on any local income. |
| Annual Meetings | Annual Meetings May be held in any country and attendance may be by proxy or by any electronic means. Must be held within 6 months of financial year end. |
| Bank Account | The principal bank account does not need to be in Mauritius |
| Exchange Controls | No |
| Physical office in Mauritius | No |
A domestic company is registered with the Registrar of Companies and is governed by the Companies Act 2001. It can be set up for various activities, including Trading, Investment Holding and Consulting Services amongst others. The activities can be conducted with residents of Mauritius as well as with non-residents. Where the Company is controlled by non-citizens of Mauritius and it carries out its main activities outside of Mauritius, it will have to apply for a Global Business Licence. A Domestic Company is tax resident in Mauritius and thus benefits from the network of Double Tax Treaties which Mauritius has ratified with other countries.
| General Overview | |
| Regulatory Bodies | The Registrar of Companies
The Mauritius Revenue Authority |
| Name | Prior approval required from the Registrar of Companies |
| Corporate Tax | 15% corporate income tax
A Corporate Social Responsibility (CSR) tax of 2% on chargeable income
This will vary depending on the nature and activity of the entity |
| Access to Double Taxation Avoidance Agreements | Yes |
| Migration in and out of Mauritius | Allowed |
| Conversion to another legal regime | Allowed |
| Confidentiality | No. Records are publicly available |
| Formation and Requirements | |
| Due Diligence/KYC requirements | Promoters, beneficial owners/shareholders, directors, bank account signatories |
| Documents to be kept at Registered Office | Constitutive documents, Registers, due diligence, accounting records and agreements |
| Directors | |
| Minimum number of directors | Must have at least one resident director |
| Corporate director | Not allowed |
| Shareholders | |
| Minimum number of shareholders | One |
| Stated capital | Stated capital There is no minimum capital requirement |
| Company Secretary and Registered Office | |
| Company Secretary | Yes, should be resident in Mauritius
Corporate Secretary permitted |
| Registered Office | Required |
| Accounting and Administration | |
| Approved activities | Approved activities The activities can be conducted with residents of Mauritius as well as non-residents. However, where the Company is controlled by a non-citizen of Mauritius and conducts its business principally outside Mauritius, it will have to apply for a Global Business Licence |
| Audited Accounts required | Audited Accounts required Yes, if turnover is as from MUR 100m, audited accounts are required to be filed with the Registrar of Companies within 6 months of financial year end.
Turnover less than 100m: Financial Summary to be filed with the Registrar of Companies within 6 months of financial year end |
| Tax Return required |
|
| VAT | Compulsory where the turnover exceeds MUR 6m, but this will vary depending on the nature and activity of the company. |
| Trade Licence | Fees payable to the relevant authority based on specific criteria |
| Board Meetings | Must be held and chaired from Mauritius |
| Annual Meetings | Must be held within 6 months after each financial year end. |
| Bank Account | The company should maintain at all times its principal bank account in Mauritius |
| Permits | Yes
Occupation permits for expats |
| Physical office in Mauritius | Yes |
A Global Business Corporation (GBC) is a resident corporation licensed by the Financial Services Commission (FSC). It conducts business principally outside of Mauritius. A resident corporation is a body corporate formed or registered in Mauritius. It may include any trust, société, partnership or any body of persons governed by the laws of Mauritius. A GBC demonstrates substance in Mauritius and is a tax-resident entity that benefits from the network of double tax treaties that Mauritius has ratified with other countries.
| General Overview | |
| Regulatory bodies | The Registrar of Companies
The Financial Services Commission The Mauritius Revenue Authority |
| Name | Prior approval required from the Registrar of Companies |
| Corporate tax | 15%. Will qualify for an exemption of 80% of the specific foreign-source income or foreign tax credit |
| Access to Double Taxation Avoidance Agreements | Yes |
| Beneficial ownership | Beneficial ownership Must be disclosed to the Financial Services Commission, the Registrar of Companies and Banks only |
| Migration in and out of Mauritius | Allowed |
| Conversion to another legal regime | Allowed |
| Confidentiality | Yes |
| Formation and Requirements | |
| Due Diligence/KYC requirements | Promoters, beneficial owners/shareholders, directors, bank account signatories |
| Business plan should include |
|
| Documents to be kept at Registered Office | Constitutive documents, Registers, due diligence, accounting records and agreements |
| Directors | |
| Minimum number of directors | Must have at least two resident directors |
| Corporate director | Not allowed |
| Shareholders | |
| Minimum number of shareholders | One |
| Stated capital |
|
| Corporate Shareholder | Allowed |
| Company Secretary and Registered Office | |
| Company Secretary | Yes |
| Registered Office | Required |
| Accounting and Administration | |
| Approved activities | Any lawful activity provided that the main economic activity is conducted outside Mauritius. An additional licence may be required for certain specific activities. |
| Audited Accounts | Required
Submission to Financial Services Commission of Audited Financial Statements required within 6 months of financial year end |
| Tax Return | Required
Annual. Filing of Income Tax Return to be made within 6 months from the end of the accounting year. Advanced Payment System: Every company having a tax chargeable income at the end of its last financial year is required to pay in advance for the current year, on a quarterly basis.
|
| Tax Certificate | Tax Resident in Mauritius and may apply for Tax Residence Certificate |
| Board Meetings | Board Meetings Provides for meeting of directors to be chaired from Mauritius and to include at least 2 directors from Mauritius. |
| Annual Meetings | Must be held within 6 months of financial year end. |
| Bank Account | Maintain at all times its principal bank account in Mauritius |
| Exchange Controls | No |
| Permits | Yes
Occupation permit for expats |
| Physical office in Mauritius | Recommended for certain activity |