Mauritius is an island in the Indian Ocean, which was ruled for 158 years by England until 1968 and now it became independent commonwealth country. The population is approximately 1,200,000 and their official language is English. Mauritius has developed into a diversified economy, with growing industrial, financial and tourist sectors. Their annual growth is 5-6 percent; it is renowned as an offshore jurisdiction. Mauritius has attracted more than 20,000 offshore entities in the last years. But the requirements to prepare and file accounts, as well as the disclosure of the beneficial owners, shareholders, and directors to the registry are crucial disadvantages of the jurisdiction.
The island is internationally recognised for its stability; companies can hold 2 different categories of global business license. Mauritius GBC I companies are resident in Mauritius and consequently subject to tax, GBC 2 is for international companies, which not paying any taxes on their worldwide profits.
Mauritius Offshore company GBC 2
The Mauritius Offshore company is perfect for internet commerce, intellectual property management, the custody of movable and immovable property, consulting, inheritance provision, stockbroker and forex and international business. They have many benefits: the highest confidentiality, and privacy, no accounting and reporting requirements, share capital must not be paid up. You can receive services such as a dedicated client relationship manager, Bank account, including e-Banking and credit card. Anonymous company formation with nominee director and shareholder and basic establishment fee of 3,290 USD. The time of incorporation is one week for GBC 2.
Mauritius Offshore company GBC 1
Mauritius has two different categories of a tax resident company. One of them is Mauritius GBC 1 with share capital of US$1,000,000, minimum paid up share capital is $1. The classes of share availability: registered shares, preference shares, and redeemable shares with or without voting rights. The company require to have a registered agent and a registered office in Mauritius provided by a licensed service provider, they also require to have at least 2 minimum of the directors. The directors can be of any nationality and do not need to be a resident of Mauritius, but it is preferable to have a minimum one resident director. The company require a minimum of one shareholder and there are no publicity of accessible records. The meeting of the board can be anywhere. The taxation rate for the company GBC 1 is of 0-3%.
The Mauritius has double taxation treaty access with 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, and Zimbabwe .
Their currency will be Mauritian rupees; They allowed to use the English language in companies names, however they you cannot use in the company names restricted words such as assurance, bank, building society, royal, trust company, trustee company. The company name has a special format and they must use words limited, corporation, incorporated, public limited company, Societe Anonyme, etc. The time of GBC 1 incorporation is three to four weeks.
If you are interested to register a company in Mauritius we will be happy to serve you at bris-group.com