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Mauritius Offshore Company

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 CompanyGBC I
Type of LawHybrid
Shelf company availabilityNo
Time to establish a new company16 days
Minimum government fees (excluding taxation)US$1,750 to FSC and US$350 to ROC
Corporate TaxationVaries from 0% to 3%
Double Taxation Treaty AccessYes
Share capital or equivalent
Standard currencyUS$
Permitted currenciesAny except Rs.
Minimum paid upUS$1
Usual authorisedUS$1,000,000
Directors
Minimum numberTwo
Local required2 required
Publicly accessible recordsNo
Location of meetingsAnywhere, but include at least 2 directors from Mauritius
Shareholders
Minimum numberOne
Publicly accessible recordsNo
Location of meetingsMauritius - by proxy
Company Secretary
RequiredYes
Local or qualifiedLocal and qualified
Accounts
Requirements to prepareYes
Audit requirementsYes
Requirements to file accountsYes
Publicly accessible accountsNo
Recurring Government Costs
Minimum Annual Tax / Licence FeeUS$1,750
Annual Return Filing FeeUS$220
Other
Requirement to file annual returnNo
Change in domicile permittedYes

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