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MAURITIUS

 

 

 

 

Mauritius is an island in the Indian Ocean located about 800km (500mi) east of Madagascar. It's an independent democratic republic. The legal system is based primarily on British common law, but also includes some principles of French Napoleonic Code. The Mauritius licensing and regulatory body for non-banking offshore business is The Financial Services Commission.

Tax system facts:
NO withholding taxes on dividends paid out of income from approved offshore activities
NO withholding tax on interest
NO capital gains tax
NO estate duty or inheritance tax payable on the inheritance of shares in an offshore entity
NO exemption from stamp duties on all documents relating to offshore business transactions.

Mauritius is a sophisticated Offshore Financial Center (OFC) having exclusively flexible legislation. It has concluded 35 tax treaties.

The two best Mauritius offshore tools we offer:
Company Holding a Category 1 Global Business Licence (GBC 1 - formerly the Offshore Company)
and Company Holding a Category 2 Global Business Licence (GBC 2 - formerly the International Company).

These companies are also often referred to as Mauritius GBL1 and GBL2 Company respectively)
Multinational corporations are successfully using the above vehicles to trade with and/or route their investments into vast emerging regions such as India, China and Pakistan.

Some outstanding features and/or requirements GBC 1
Company
GBC 2
Company
Local registered - office required Yes Yes
Bearer shares Not Allowed Not Allowed
Capital raising from the public. Listing on the Stock Exchange of Mauritius. Allowed Not Allowed
Access to double taxation treaties benefits Yes No
Taxation 15%, but the unilateral foreign tax credit (80% of the tax rate) is applicable, leaving the effective tax rate 3% Exempt (NO taxes)
Non-resident directors Allowed Allowed
Filing of annual return No No
Filing of audited accounts (to MOBAA only) required Yes Auditing of the accounts is not required. The company must file Balance Sheet and Profit & Loss accounts only. The accounts are not accessible to general public
Important notes 1. Activities may include raising capital from the public, banking, insurance, management of a mutual fund, nominee or trustee services.
2. GBC 1 companies are widely used for trading with or investing in India
GBC 2 is a more confidential vehicle, but it's not allowed to raise capital from the public or be used for provision of financial services to third parties (e.g. FOREX)
 

 

Our fees and services in Mauritius:

Please click here for our fees and services regarding GBC 1 (formerly the Offshore Company) formation

Please click here for our fees and services regarding GBC 2 (formerly the International Company) formation

Applicable legislation:

MAURITIUS. THE COMPANIES ACT 2001
(download as a self extracting archive - 1257K)


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