| JURISDICTIONS & FEES |
| Mauritius GBC 2 |
| UTRUST Rating |
*** |
| General |
| Type of Company |
GBC2 |
| Political Stability |
Good |
| Standard Authorised Capital |
No |
| Tax on Offshore Profits |
Nil |
| Corporate Requirements |
| Local Registered Office
and Registered Agent Required |
Yes |
| Minimum Number of Directors/Managers |
1 |
| Local Directors Required |
No |
| Corporate Directors Permitted |
No |
| Minimum Number of Shareholders/Members |
1 |
| Local Shareholders Required |
No |
| Corporate Shareholders Permitted |
Yes |
| Company Secretary Required |
No, but normally appointed
|
| Bearer Shares Allowed |
No |
| Annual Requirements |
| Filing of Annual Return |
Yes, US$65 |
| Submit Audited Accounts |
No |
| Min. Annual Tax / Licence
Fees |
US$135 |
| Shelf Companies Available |
No |
|
GENERAL
INFORMATION
INTRODUCTION
Mauritius is situated in the Indian Ocean approximately
800 km off the East Coast of Madagascar. The island,
which is of volcanic origin, covers an area of 1,800
sq. km. The population of the Island is approximately
1,200,000 made up principally by people of European,
African, Indian and Chinese origin. The British
ruled Mauritius for 158 years until 12th March 1968,
when it became an independent country within the
Commonwealth. Mauritius is one of the few countries
with a hybrid legal system based on English and
French law. Mauritius has developed from a low income,
agriculturally based economy to a middle-income
diversified economy with growing industrial, financial,
and tourist sectors.
LANGUAGE
The official and spoken language is English but "Creole" is widely spoken in the island.
TYPE OF LAW
Common Law for corporate matters, based on English
Common Law with local modifications and local statutes.
COMPANY INFORMATION
TYPE OF COMPANY FOR INTERNATIONAL TRADE AND INVESTMENT
Global Business Company Category 2 (GBC 2)
TIME TO INCORPORATE
One Day, but allow seven days for receipt of documentation.
RESTRICTIONS ON NAME AND ACTIVITY
The following names or their derivatives: assurance,
bank, building society, Chamber of Commerce, chartered,
co-operative, government, imperial, insurance, municipal,
royal, state or trust or any name which in the opinion
of the Registrar suggests the patronage of the President
or the Government of Mauritius.
Names must end with one of the following words,
or their relevant abbreviations - Limited, Corporation,
Incorporated, Societe Anonyme, Sociedad Anonima.
CLASSES OF SHARES PERMITTED
Registered shares, preference shares, redeemable
shares and shares with or without voting rights.
DISCLOSURE OF BENEFICIAL OWNERSHIP TO AUTHORITIES
Yes.
LICENCE FEES
GBC 2 companies with an authorised capital up to
US$100,000 pay US$135 per year to the FSC and US$65
per year to the Registrar of Companies.
FINANCIAL STATEMENT REQUIREMENTS
Whilst there is no requirement to file annual audited
accounts with the authorities, a company is required
to keep financial records, which reflect the financial
position of a company.
Whilst every effort has been made to ensure that
the details contained herein are correct and up-to-date,
it does not constitute legal or other professional
advice. We do not accept any responsibility, legal
or otherwise, for any error or omission.
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