Forming a Company in Mauritius

Forming a Company in Mauritius is a straightforward process with many advantages. A properly structured Mauritius Company is an excellent corporate vehicle through which your international business can be conducted. The following information will help you determine whether forming a Company in Mauritius is the optimum solution to meet your business objectives.
Advantages of Forming a Company using a Mauritius GBC1 Company
1.	Mauritius company formation is a simple and cost-effective solution. According to the 2011 Doing Business Survey by the World Bank, Mauritius is the world's 20th easiest place to do business. The survey measures factors including business start up procedures, time, cost and minimum capital required to start a business.
2.	A minimum of one shareholder is required, who can be of any nationality and need not be resident in Mauritius. Corporate shareholders are permitted. Additionally, Mauritius was positively ranked as the world’s 12th freest economy according to the 2010 Index of Economic Freedom by The Heritage Foundation, a measure of freedom enjoyed in business, trade, monetary, financial, investment and labour markets.
3.	A Mauritius GBC1 is considered tax-resident in Mauritius, and corporate profits are taxed at 15%. However, tax credits are available which may bring the effective tax rate down to 3%. A GBC1 is not subject to capital gains tax or withholding tax.
4.	Unlike a Mauritius GBC2 Company, a GBC1 enjoys access to 28 double tax treaties signed with countries around the world.
5.	There are no minimum capital requirements for a Mauritius GBC1.
Disadvantages of forming a Company using a Mauritius GBC1 Company
1.	Mauritius is perceived as a 'tax haven' jurisdiction. In addition, Mauritius is the 46th least corrupt country in the world, according to the 2011 Corruption Perceptions Index by Transparency International, a global measure of corruption amongst public officials and politicians.
2.	In accordance with the Mauritius Companies Act 2001, a Mauritius GBC1 requires a minimum of two resident directors in order to access Mauritius' double tax treaties. Corporate directors are not permitted.
3.	In accordance with Mauritius accounting and tax law, a Mauritius GBC1 is required to submit annual audited financial statements to the Mauritius Financial Services Commission and income tax authorities.
4.	A Mauritius GBC1 is required to conduct all banking transactions through a Mauritius corporate bank account.
5.	Mauritius is poorly ranked as the world's 57th most competitive economy in the World Bank's Global Competitiveness Report 2009-2010.
For more information on a Mauritius GBC1 Company, refer to the Mauritius GBC1 Company webpage.
Advantages of forming a Mauritius GBC2 Company
1.	Mauritius GBC2 company formation is simple and cost-effective. According to the 2010 Doing Business Survey by the World Bank, Mauritius is the world's 17th easiest place to do business. The survey measures factors including business start up procedures, time, cost and minimum capital required to start a business.
2.	Mauritius is positively ranked as the world’s 12th freest economy according to the 2010 Index of Economic Freedom by The Heritage Foundation, a measure of freedom enjoyed in business, trade, monetary, financial, investment and labour markets.
3.	A Mauritius GBC2 Company is exempt from all taxes on income derived outside Mauritius. There is no income tax in Mauritius.
4.	A GBC2 can be 100% foreign owned. A minimum of one shareholder and one director is required to form a Mauritius GBC2 Company and corporate directors are permitted. Following GBC2 set up, directors and shareholders details are not available for public viewing.
5.	A Mauritius GBC2 Company is not required to prepare or file accounts or financial statements.
6.	A Mauritius GBC2 Company has no minimum capital requirements.
7.	After incorporating a Mauritius GBC2, neither annual tax returns nor audited financial statements need to be submitted to the Mauritius Revenue Authority (MRA).
Disadvantages of forming a Company in Mauritius using a GBC2
1.	Mauritius is the 39th least corrupt country in the world, according to the 2010 Corruption Perceptions Index by Transparency International, a global measure of corruption amongst public officials and politicians.
2.	Unlike a Mauritius GBC1 Company, a GBC2 does not have access to the 28 double tax treaties Mauritius has signed.
3.	Mauritius is poorly ranked as the world's 57th most competitive economy in the World Bank's Global Competitiveness Report 2009-2010.
For more information on a Mauritius GBC2 Company, please refer to Mauritius GBC2 Company webpage.
Other Information
Refer to the following links to read more information on forming a Company in Mauritius:
1.	Mauritius Jurisdiction Summary
2.	Mauritius Company Incorporation
3.	Mauritius corporate bank account
4.	Client case studies
5.	Other services to support Mauritius incorporation
6.	Frequently Asked Questions about Mauritius Company formation
7.	10 things you might not know about Mauritius
Contact Us
For more information on forming a Company in Mauritius, please email email@healyconsultants.com or telephone us at (+65) 6735 0120.
Back to Mauritius Company formation page.

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