Mauritius

Mauritius

Introduction
Being an island in the Indian Ocean, Mauritius had been ruled for 158 years by England before it became an independent Commonwealth country in 1968. Since its independence, Mauritius has developed into a diversified economy, with growing industrial, financial and tourism sectors. The island is internationally recognized for its stability, especially its economic stability with a stable annual growth at about 5 to 6%.
Mauritius in the modern day is renowned as an offshore jurisdiction. In fact, within the last few years, more than 20,000 offshore entities have been attracted to established in this country.
According to Mauritian current regulations, there are two options for offshore companies in Mauritius: Global Business Corporation and Authorised Company.
1. Global Business Corporations (GBCs)
A Global Business Corporation is a popular choice for an offshore company in Mauritius. Below are requirements to incorporate and run a Global Business Corporation in Mauritius:
Below are requirements to incorporate and run a Global Business Corporation in Mauritius (GBC):
1. A GBC has to at all times remain at least 2 directors, who are Mauritius residents and have the ability to exercise independence of mind and judgment. In each company meeting, a GBC must have at least 2 directors from Mauritius. Only individual directors are allowed.
2. There must be at least one shareholder. For a GBC in the form of a private limited company, the maximum number of shareholders is 25. Shareholders may be individuals or corporates and are not required to be Mauritius residents. It is required that the individual who will hold most shares, voting and legal rights, or other methods of beneficial interest, is not a Mauritius citizen.
3. It is required that a GBC at all times is administered by a local duly licensed Management Company, also called a Company Secretary.
4. A GBC is also required to have and maintain its registered office in Mauritius, where at all time it has to maintain its accounting records.
5. There is no minimum capital requirement unless the GBC holds a financial services license. Share capital can be subscribed in any currency. There is also no restriction on the number of shares. No Par value shares are allowed.
The standard authorized capital is US$ 10,000 with 10,000 shares of US$ 1.
6. A GBC must at all times maintain its principal bank account in Mauritius. Check offshore banks in Mauritius for details.
7. Name of a GBC could be in English or French, but the proposed name must not be already used by another company and must not be deemed as offensive by the Registrar of Companies or suggest the patronage of the President or the Government of Mauritius.
1. Annual General Meetings of shareholders must be held, unless the Board of Directors approves that a Shareholders’ Resolution is passed instead of holding a meeting. Annual General Meetings may either be direct or by teleconference. The Company Secretary must always be in attendance of the meetings.
For a GBC’s meetings of the Board of Directors, there must be in attendance at least 2 Mauritian directors who have the ability to exercise independence of mind and judgment. The meetings are not required to be in Mauritius.
2. A GBC is required to file an annual tax return within 6 months after the year-end.
3. A GBC must also file yearly audited financial statements with the Financial Services Commission within 6 months after the close of its financial year.
Mauritius is among countries offering the highest level of anonymity. According to Mauritian current regulations, such information as details of directors, shareholders and beneficial owners of a GBC is only disclosed to the registry and not available for public.
2. Authorised Companies (ACs)
An Authorised Company is non-resident for tax purposes. An Authorised Company cannot trade within the Republic of Mauritius and its activities are principally conducted outside of Mauritius. Its majority of shareholder(s) with beneficial interest are not citizens of Mauritius. It must have a place outside of Mauritius for effective management. Authorised Companies may be in the form of a private company incorporated in Mauritius.
Below are requirements to incorporate and run an Authorised Company in Mauritius:
1. An AC has to at all times remain at least one director, who may be not Mauritius residents and can be individual or corporate.
2. In an AC, there must be at least one member. The maximum number of members is 50. Members may be individual or corporate.
3. An AC shall at all times have a registered agent in Mauritius which shall be a management company.
4. An AC is also required to have a registered office in Mauritius but its place of effective management must be outside Mauritius.
5. There is no minimum capital requirement. Share capital can be subscribed in any currency, except for Mauritian Rupee. There is also no restriction on the number of shares. The standard authorised capital is US$ 1,000, which is divided into 1,000 shares of US$ 1.
6. Name of an AC could be in English or French and should not be identical or similar to an existing company or any name that suggests the patronage of the President or the Government of Mauritius. An AC in Mauritius is not required to have a suffix in its name.
• Annual Requirements
1. For an AC, Annual General Meetings are compulsory.
2. Every year, an AC is required to file a financial summary, financial statements or returns or other types of accounts with the Financial Services Commission ass specified in FSC Rules.
Mauritius is among countries offering the highest level of anonymity. Though details of the beneficial owner(s) of an AC is required to be disclosed to authorities according to Mauritian current regulations, such information as details of directors and shareholders of an AC are not publicly accessible.
Key Benefits  
Offering Packages
For your time and convenience, we offer you Standard and Advanced packages for incorporating Mauritius Global Business Corporations and Authorised Companies with included services as below:
Services Standard Advanced
Company Incorporation Service Fee
All Government fees due on Incorporation
Free Name Application
Local Registered Office Service 12 months 12 months
Local Registered Agent Service 12 months 12 months
Certificate of Incorporation
Memorandum and Articles of Association
Share Certificates
Register of Shareholders
Register of Directors and Officers
Resolution of the Subscriber appointing Directors
Resolutions of the Directors appointing Officers and issuing shares
Professional Consultancy via Phone and Email
Assistance on Opening of Company Bank Account  
Company Statutory Record & Company Kit
For a Global Business Corporation US$ 9,800* US$ 10,499*
For an Authorised Company US$ 3,700 US$ 4,399
  Setup Company Setup Company
* This price includes the Service of two (2) local Nominee Directors in 12 months.
Services
Company Incorporation Service Fee
Standard
Advanced
All Government fees due on Incorporation
Standard
Advanced
Free Name Application
Standard
Advanced
Local Registered Office Service
Standard

12 months

Advanced

12 months

Local Registered Agent Service
Standard

12 months

Advanced

12 months

Certificate of Incorporation
Standard
Advanced
Memorandum and Articles of Association
Standard
Advanced
Share Certificates
Standard
Advanced
Register of Shareholders
Standard
Advanced
Register of Directors and Officers
Standard
Advanced
Resolution of the Subscriber appointing Directors
Standard
Advanced
Resolutions of the Directors appointing Officers and issuing shares
Standard
Advanced
Professional Consultancy via Phone and Email
Standard
Advanced
Assistance on Opening of Company Bank Account
Advanced
Company Statutory Record & Company Kit
Standard
Advanced
For a Global Business Corporation (US$)
9,800* 
10,499*
For an Authorised Company (US$)
3,700     
4,399
* This price includes the Service of two (2) local Nominee Directors in 12 months.

Beside the company incorporation service, we also provide Offshore Bank Account Assistance of numerous banks in the world and Other Services necessary for any offshore company.
For any further questions, feel free to Contact Us for more details.