Company Formation in Mauritius
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.
Companies that do not derive any income from sources in Mauritius are not subject to tax.
Advantages of company incorporation in Mauritius:
Summary of Mauritius AC Company and main characteristics:
| General Information | |
|---|---|
| Type of company | Authorised Company (AC) |
| Corporate Legislation | Companies Act 2001 and licensed under the Financial Services Act 2007 |
| Taxation | Corporation Tax – 0%, a Mauritius GBC2 is not considered as a Mauritius tax resident company without having transactions with Mauritian residents or in Mauritian currency; Tax on Dividends – 0%, No taxes of any sort. |
| Currency | Standard Currency US$ The share capital can be denominated in any currency, except MURs. |
| Paid up capital requirement | No paid up capital required |
| Time zone | GMT+4 |
| Directors | |
| Minimum no. required | 1 |
| Local Director required | No |
| Location of Meetings | Anywhere |
| Shareholders | |
| Minimum no. required | 1 |
| Location of Meetings | Anywhere |
| Company Secretary | |
| Required | Optional |
| Local Secretary required | No |
| Registered office required | Yes, local registered address |
| Share Capital | |
| Standard Currency | US$ |
| Standard Authorized Capital | 1.000 US$ |
| Minimum paid up capital | The minimum capital requirement for a Mauritius AC is US$1 |
| Accounting Requirements | |
| Preparation of accounts | Required (can be completed by Consil Formation) |
| Requirement for audit | A Mauritius AC is not subject to audit requirements. |
| Accounts public accessible | No |
| Requirement to file Annual Return | A Mauritius AC is required to file an annual return with a summary of its financial position within 6 months from the year end. (can be completed by Consil Formation) |
| Further Information | |
| Bearer shares | No |
| Confidentiality | Yes |
| Nominee services | Available |
| Need to travel | No |
| Apostille | Yes, Hague Convention 1961 |
| Owners | Individuals or Corporate |
Register your Mauritius AC Company
- Document Notarization per document: € 500
- Bundle of documents Notarization;
- Document Apostillation per document;
- Bundle of documents Apostillation.