Tax in Mauritius

Tax in Mauritius for companies is based on a fiscal regime that was introduced in 1995 under the Income Tax Act, which is designed to encourage international business in Mauritius.  Taxation is...

Companies in Mauritius

Companies in Mauritius are called Global Business Companies but are classified as Category 1 and Category 2 companies based on the type of license that they hold.  Companies in Mauritius can be...

Mauritius Offshore Trust Formation

Mauritius Offshore Trust Formation: Settlor Mauritius offshore trust formation can be done by anyone who is legally able to settle a trust.  Settlors of offshore trusts in Mauritius are able to be...

Companies in Mauritius

Companies in Mauritius are called Global Business Companies but are classified as Category 1 and Category 2 companies based on the type of license that they hold. Companies in Mauritius can be owned both by local and foreign nationals and are ideal for doing business internationally.

Companies in Mauritius with category 2 licenses are similar to an offshore company (IBC) but are not considered to be domestic (resident) companies in Mauritius, unlike the regular offshore company which is normally required to be nonresident in order to effectively be considered an offshore company. In terms of taxation, however, companies in Mauritius with category 2 licenses are not tax resident. Category 2 license companies in Mauritius are private companies.

Through our reliable offshore service, Mauritius offshore trust formation can be done at the same time as applying for a second citizenship. The objective is wealth preservation which is sound and effective. Trusted approved agent services are available for economic citizenship, namely the Dominica economic citizenship and citizenship by investment programs. Second passports are about personal safety and reassuring oneself as much financial safety as possible. Feel free to go the contact us page to submit inquiries about Dominica citizenship by investment visit www.dominicacitizenship.com.

Companies in Mauritius with category 1 licenses could include partnerships, trusts and other forms of corporate structures that are incorporated in Mauritius. But Mauritius companies with category 2 licenses can only be corporations and are not permitted to operate as trust companies, collective investment funds banks or to provide financial services. Companies in Mauritius that are holders of category 2 licenses are also not able to provide secretarial, nominee or director services to other corporations.

This however does not limit the number of activities that a Mauritius company with a category 2 license can undertake, since they are able to be involved in marketing, sales, shipping, ecommerce, consultancy and technical services, and many other types of businesses.

Mauritius companies are all required to have a registered office in Mauritius and category 2 license companies in Mauritius must have a Mauritius based agent. Only management companies are authorized to provide agent services to category 2 companies in Mauritius. The duties of registered agents for a Mauritius company are clearly defined and include maintaining the necessary communication with company owners, filing all relevant documents and providing feedback and information to the company owners, and the authorities whenever necessary.

Registered agents for every Mauritius company must conduct due diligence and ensure that all legal requirements are met for company formation in Mauritius.

Companies in Mauritius pay a license fee on a yearly basis. This fee is paid to the Financial Service Commission (FSC) and must be paid in a timely manner to avoid the expiration or suspension of business licenses. Companies in Mauritius must not operate in or outside Mauritius with a suspended, cancelled or expired license.

Depending on whether a Mauritius company is managed or controlled from the Mauritius, a decision is taken by the Financial Services Commission to have a category 2 Mauritius company appoint two resident directors, to open a bank account in a local bank, to file financial records at the local registered office and to audit financial statements. The Commission may also request for at least two resident directors to be present at meetings of the Mauritius company.

Companies in Mauritius with category 2 licenses are ideal for doing business in Africa, Asia and other parts of the world.

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