Looking for Mauritius company set up currently, Mauritius has been attracting local and international investors, linked to its conducive business environment. Furthermore, it’s also a stable country where successive governments have set up the conducive ground for investors seeking to set up companies. Moreover, Mauritius company set up guidelines are stipulated in the Mauritius Companies Act 2001. Before setting up a business in Mauritius, check out the following information.
What type of business can I set up in Mauritius?
The Companies Act 2001 controls the different companies and types that can be formed in Mauritius. Foreign Entrepreneurs can establish the following types of companies in Mauritius.
One-person company: this kind of account is made up of a single partner who’s also the firm’s manager. It’s a compulsory private business and no much regulation is involved during the set-up process.
Private company: when you want to set up a private company in Mauritius, keep in mind that the company won’t utilize the public savings. Additionally, the number of partners in a private company can’t exceed 25.
Public company: the benefit of setting up a public company is that your business will be able to make use of public savings. Moreover, the number of partners isn’t limited, and you can have as much as you want on board.
Offshore company:
according to the Constitution of Mauritius, foreigners can create an offshore company. Furthermore, the investors can choose to operate an Authorized Company or the Global Business Company (GBC).
Requirement for Setting Up Global Business Corporation
Mauritius company setup can be tiresome, especially when you have no one on the ground to guide you through. Usually, investors considering GBC in Mauritius have to apply for a Financial Services Commission License. Before you get your license, you must have taken care of an investment advisor, payment service provider, insurance broker and investment dealer for your firm.
The existence of GBC companies is regulated by the Mauritius Companies Act 2001, and such a firm must apply for a Tax Residence Certificate. However, the companies must prove that indeed they have a substantial impact on the economy of Mauritius.
Requirements
- Mauritius corporate bank account
- Two resident company directors
- One international shareholder
- Editing Annual financial records on Mauritius
- Accounting records kept in Mauritius
Mauritius Authorized Company (MAC)
MAC is a type of Offshore account that operates outside Mauritius, and all the managing team comes out of the country. This kind of business requires a shareholder and an international director; all the records can’t be accessed publicly.
Mauritius Company Set Up for MCA is best for wealth protection, intellectual property ownership, investment holding, e-commerce or non-financial consultancy services. Lastly, MAC is exempted from capital gain tax, withholding tax and corporate tax in Mauritius.For more information, visit the website.
