The Republic of Mauritius is an island nation off the southeast coast of the African continent in the southwest Indian Ocean.
Mauritius, with an area is 2040 km2 and Port Louis as the capital, is a member of the Southern African Development Community, the Common Market for Eastern and Southern Africa, the African Union, La Francophonie and the Commonwealth of Nations.
Since independence in 1968 from the UK, Mauritius has developed from a low-income, agriculturally based economy to a middle income diversified economy with growing industrial, financial, and tourist sectors. Nowadays, Mauritius has an upper middle-income economy.
Mauritius combines almost all the characteristics for an ideal offshore location. It is an independent sovereign State with an economy of substance. It is politically stable and is equipped with the state-of-the-art telecommunication technologies. It has a pool of bilingual professionals trained in Europe and the US. The country has a dynamic banking system with only internationally renowned banks operating in an exchange control free environment. Mauritius has an expanding network of double taxation which allow for efficient tax planning.
Forming an Authorised Company in Mauritius, formerly known as GBC2, is a simple, straightforward process. If correctly structured a Mauritius Authorised Company is an efficient, low-cost, legally tax efficient entity in which to conduct business. There are a number of benefits attached to incorporating an Authorised Company in Mauritius.
Authorised Companies are private entities that conduct business outside Mauritius; an Authorised Company is not allowed to conduct business in Mauritius. Confidentiality is a major benefit to an Authorised Company and the identity of the beneficial owner can remain largely confidential. An Authorised Company is a good structure for holding and managing private assets, and international trade.
Mauritius Authorised Company Benefits
– Highest level of privacy protection;
– Company formation procedure in Mauritius typically takes 1 week;
– The Authorised Company must have at least one director, which can either be an individual or a corporation. Directors can be of any nationality or residence;
– A minimum of one shareholder is required, who may be an individual or a corporate body;
– No minimum capital is required. Shares may be issued with or without par value and in any currency as permitted by the Memorandum of Association and Articles of Association;
– No accounting or reporting requirements;
– Business can be conducted internationally;
– Legal tax exemption for Authorised Companies, but no access to the Mauritian Double Taxation Treaty allowed;
– No Withholding Tax on dividends;
– No Capital Gains Tax;
– No Stamp Duty on transfer of shares;
– Free repatriation of earnings;
– Migration from a foreign company to/from Mauritius is permitted;
– Shareholders and Directors meetings internationally allowed.