Mauritius company

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Mauritius Company Formation

Mauritius, officially the Republic of Mauritius, is an island nation in the Indian Ocean about 2,000 km of the southeast coast of the African continent. The country includes the islands of Mauritius and Rodrigues and the outer islands. The area of the Mauritius is 2,040 km2, having the capital at Port Louis which is the largest city.

Since independence in 1968, Mauritius has developed from a low income, agriculturally based economy to a middle-income diversified economy with growing industrial, financial, and tourism sectors. For most of the period, annual growth has been of the order of 5% to 6%.

The government’s development strategy focused on foreign investment. Thus, Mauritius has attracted more than 15,000 offshore entities, directed at commerce in South Africa and India, investments in the banking sector have reached over 1 billion US Dollars.

Mauritius is one of the few countries with a hybrid legal system based on English and French law.

Mauritius companies are resident in Mauritius and consequently subject to tax. However, they benefit from both tax credits and a longstop tax rate of 3%. Correctly structured and managed Mauritius companies may access Mauritius’ network of 37 tax treaties. Neither capital gains nor withholding taxes are levied.

Mauritius Company Formation

Mauritius Company Formation Advantages

  • Extensive double tax treaty network which includes treaties with the following countries: 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;
  • English and French are the official languages. However, the official language in the workplace is English, including contracts written, assessed and implemented;
  • 3% Corporation tax under certain conditions;
  • There are no restrictions on foreign owners, individual or corporate Shareholders are allowed;
  • There is no withholding tax on interest, dividends and royalty, no capital gains tax for foreigners in Mauritius;
  • Interim dividends distribution is allowed. Distribution to foreign entities or individuals are not taxed in Mauritius;
  • Nominee services are available;
  • Mauritius companies are resident in Mauritius, thus subject to tax on foreign income at the rate of 15%. However, through the automatic application of foreign tax credit of 12% (80% x 15%), this rate can be decreased to an effective rate of 3%.

Mauritius Company Formation Summary and Main Characteristics:

General Information 
Type of companyGlobal Business Company
Corporate LegislationCompanies Act 2001 and licensed under the Financial Services Act 2007
TaxationCorporation Tax – 15%, 3% under certain conditions.
Tax on Dividends – 0%, No capital gains taxation, no withholding taxes on the payment of dividends, interest or royalties.
CurrencyStandard Currency US$ The share capital can be denominated in any currency, except MURs.
Paid up capital requirementUS$1
Time zoneGMT +4
Directors
Minimum no. required2
Local Director requiredYes, minimum two
Location of MeetingsAnywhere, but include at least 2 directors from Mauritius
Shareholders
Minimum no. required1
Location of MeetingsMauritius, personal or through proxy voting
Company Secretary
RequiredYes
Local Secretary requiredYes, local and licensed
Registered office requiredYes, local registered address
Share Capital
Standard CurrencyUSD
Standard Authorized Capital1,000,000 USD
Minimum paid up capitalThe minimum capital requirement for a Mauritius company is US$1
Accounting Requirements
Preparation of accountsRequired (can be completed by Consil Formation)
Requirement for auditRequired (can be completed by Consil Formation)
Accounts public accessibleNo
Requirement to file Annual ReturnCompany must file its audited accounts with the Financial Services Commission every year, within six months of the financial year end. No annual returns need to be filed. (can be completed by Consil Formation)
Further Information
Bearer sharesNo
ConfidentialityYes
Nominee servicesAvailable
Need to travelNo
ApostilleYes, Hague Convention 1961
OwnersIndividuals or Corporate

Company Formation Fee

  • Company Formation – with all services included for the first year: €2.900;
  • Certificate of Incorporation;
  • Memorandum and Articles of Association;
  • Appointment of Director(s), Distribution of Shares, Minutes, Resolutions in accordance with banks requirements;
  • Share Certificate(s);
  • Authorized Share Capital of $1,000,000;
  • Local Registered Office Address;
  • Registered Agent;
  • Licensed Local Secretary;
  • License fee $1,750 to FSC (Financial Services Commission) and $325 to ROC (Registrar of Companies);
  • Personal manager assistance for the entire period.

Renewal Fee after one year – with all services included for the next year: €2.400

  • Local Registered Office Address;
  • Registered Agent;
  • Licensed Local Secretary;
  • Personal manager assistance for the entire period.
  • FSC License fee and ROC;

Further Optional Services:

  • Accounting, preparation of accounts, Audit – Quotation based on each particular case.
  • Nominee Director – Mandatory two local individuals required to be appointed as directors: €2.500
  • Nominee Shareholder – Individual or Corporate as per client’s request: €750
  • Power of Attorney – General / Special PoA Notary Legalized with Apostille, in accordance official institutions and with banks requirements: €500
  • Certificate of Good Standing with Apostille,in accordance with official institutions and banks requirements: €450
  • Certificate of Incumbency with Apostille,in accordance with official institutions and banks requirements: €450
  • Legalization of Documents;
  • Document Notarization per document;
  • Bundle of documents Notarization;
  • Document Apostillation per document;
  • Bundle of documents Apostillation.
  • Company Seal
  • Company Rubber Stamp
  • Bank Account opening service – Quotation based on each particular case
  • Compliance Service – After Company Incorporation Services – new persons, legal entities, annual compliance review;

If you are looking to open a bank account in the particular country or bank, please contact as by e-mail office@consilformation.com
or call our Banking Department at +34 685 28 86 93

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