About Mauritius
Mauritius is located in the Southwest Indian Ocean on the coast of Africa. The official language spoken in Mauritius is English.
Mauritius is a well respectable offshore jurisdiction for incorporation. Corporate law in Mauritius is modeled on the advanced English legal system. Mauritius has exceptional offshore services, such as offshore banking, insurance, registration of ships and vessels, investment fund management and the incorporation of Mauritius Global Business Companies and offshore companies.
The jurisdiction provides confidentiality and privacy for both individuals and corporations and has laws which allow flexibility in international business activities.
A Mauritius offshore company cannot do any business in Mauritius and consequently is not required to pay any local taxes. Since this type of company does not conduct business in Mauritius, its foreign earnings are not taxed locally.
Benefits of Setting up an Offshore Business in Mauritius
- High degree of privacy protection (through the allowance of nominee directors and shareholders)
- Mauritius company formation permits 100% foreign ownership (no local nominee is required)
- Minimum one Director and one Shareholder
- Legal tax exemption for offshore companies
- No accounting auditing requirements
- Limited liability without any paid up capital (no minimum capital required)
- No withholding tax on dividends
- No capital gains tax
- No stamp duty on transfer of shares
- Allowed repatriation of all earnings
- Migration from a foreign company to/from Mauritius is permitted
- Shareholders and Directors can meet anywhere
Key Corporate Features
| General | |
| Type of Company | GBC I |
| Type of Law | Hybrid |
| Shelf company availability | No |
| Time to establish a new company | 16 days |
| Minimum government fees (excluding taxation) | US$1,750 to FSC and US$350 to ROC |
| Corporate Taxation | Varies from 0% to 3% |
| Double Taxation Treaty Access | Yes |
| Share capital or equivalent | |
| Standard currency | US$ |
| Permitted currencies | Any except Rs. |
| Minimum paid up | US$1 |
| Usual authorised | US$1,000,000 |
| Directors | |
| Minimum number | Two |
| Local required | 2 required |
| Publicly accessible records | No |
| Location of meetings | Anywhere, but include at least 2 directors from Mauritius |
| Shareholders | |
| Minimum number | One |
| Publicly accessible records | No |
| Location of meetings | Mauritius - by proxy |
| Company Secretary | |
| Required | Yes |
| Local or qualified | Local and qualified |
| Accounts | |
| Requirements to prepare | Yes |
| Audit requirements | Yes |
| Requirements to file accounts | Yes |
| Publicly accessible accounts | No |
| Recurring Government Costs | |
| Minimum Annual Tax / Licence Fee | US$1,750 |
| Annual Return Filing Fee | US$220 |
| Other | |
| Requirement to file annual return | No |
| Change in domicile permitted | Yes |
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