| JURISDICTIONS & FEES |
| Mauritius GBC 1 |
| CMS Rating |
*** |
| General |
| Type of Company |
GBC1 |
| Political Stability |
Good |
| Standard Authorised Capital |
No |
| Tax on Offshore Profits |
15% |
| Corporate Requirements |
| Local Registered Office
and Registered Agent Required |
Yes |
| Minimum Number of Directors/Managers |
2 |
| Local Directors Required |
Yes (Min. One) |
| Corporate Directors Permitted |
No |
| Minimum Number of Shareholders/Members |
1 |
| Local Shareholders Required |
No |
| Corporate Shareholders Permitted |
Yes |
| Company Secretary Required |
Yes, Local |
| Bearer Shares Allowed |
No |
| Annual Requirements |
| Filing of Annual Return |
No |
| Submit Audited Accounts |
Yes |
| Min. Annual Tax / Licence
Fees |
US$1700 |
| Shelf Companies Available |
No |
|
GENERAL
INFORMATION
INTRODUCTION
Mauritius is situated in the Indian Ocean approximately
800 km off the East Coast of Madagascar. The island,
which is of volcanic origin, covers an area of 1,800
sq. km. The population of the Island is approximately
1,200,000 made up principally by people of European,
African, Indian and Chinese origin. The British
ruled Mauritius for 158 years until 12th March 1968,
when it became an independent country within the
Commonwealth. Mauritius is one of the few countries
with a hybrid legal system based on English and
French law. Mauritius has developed from a low income,
agriculturally based economy to a middle-income
diversified economy with growing industrial, financial,
and tourist sectors.
Global Business Companies - Category 1
GBC1 Companies, which were previously known as "Offshore
Companies", are formed under the Companies
Act 2001 and now regulated by the Companies Act
2001. The GBC 1 Company is treated as tax resident
in Mauritius and may thereby access the taxation
treaties signed with Belgium, Botswana, China, Cyprus,
France, Germany, India, Indonesia, Italy, Kuwait,
Lesotho, Luxembourg, Madagascar, Malaysia, Mozambique,
Namibia, Nepal, Oman, Pakistan, Russia, Singapore,
South Africa, Sri Lanka, Swaziland, Sweden, Thailand,
U.K, Zimbabwe. By using a Mauritius GBC1 Company,
profits can be withdrawn from that country either
without the imposition of withholding tax or subject
to a substantially reduced rate of withholding tax.
LANGUAGE
The official and spoken language is English but "Creole" is widely spoken in the island.
TYPE OF LAW
Common Law for corporate matters, based on English
Common Law with local modifications and local statutes.
COMPANY INFORMATION
TYPE OF COMPANY FOR INTERNATIONAL TRADE AND INVESTMENT
Global Business Company Category 1 (GBC 1)
TIME TO INCORPORATE
Four Days, but allow 3 weeks for receipt of documentation.
RESTRICTIONS ON NAME AND ACTIVITY
The following words cannot be used in English or
any other language: Authority, Bank, Chamber of
Commerce, Chartered, Cooperative, Fund, Government,
Insurance, Investment or Management Services, Mauritius,
Municipal, National, Regional, Presidential, Republic
or State. Names should end with Limited or Corporation.
CLASSES OF SHARES PERMITTED
Registered shares, preference shares, redeemable
shares and shares with or without voting rights.
DISCLOSURE OF BENEFICIAL OWNERSHIP TO AUTHORITIES
Yes.
LICENCE FEES
US$1,500 to the Mauritius Financial Services Commission
(FSC).
US$200 to the Mauritius Registrar of Companies.
FINANCIAL STATEMENT REQUIREMENTS
GBC1 companies are required to prepare audited financial
statements, which must be filed with the FSC.
Whilst every effort has been made to ensure that
the details contained herein are correct and up-to-date,
it does not constitute legal or other professional
advice. We do not accept any responsibility, legal
or otherwise, for any error or omission.
|
|
|
