Incorporating in Mauritius

Incorporating in Mauritius is a straightforward process, whether you opt for a GBC1 company (Resident Company) or GBC2 (offshore Company). The following information is designed to present all aspects of incorporating a Mauritius company, from the advantages and disadvantages of incorporating in Mauritius to the procedures for forming a company in Mauritius.
1.	Clients forming a company in Mauritius and who wish to qualify for Mauritius tax residency are required to ensure the GBC1 i) has at least two Mauritius-resident directors ii) has a resident Company Secretary iii) holds or chairs its meetings from Mauritius iv) has its registered office in Mauritius and maintains statutory and accounting records in Mauritius and v) conducts banking transactions through a Mauritius corporate bank account.
2.	For Clients incorporating in Mauritius, a GBC1 company is Mauritius-resident and therefore benefits from double taxation agreements signed with countries around the world. To benefit from these double taxation agreements, business people incorporating a Mauritius company must demonstrate that the GBC1's management and control is based in Mauritius.
3.	Corporate Directors are not allowed for Clients incorporating in Mauritius via a GBC1.
4.	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.
5.	When forming a company in Mauritius, there is no withholding tax on dividends distribution, and no capital gains tax on a GBC1.
6.	Foreign investors incorporating a Mauritius company can own 100% of a Mauritius company. There are no minimum capital requirements for incorporating in Mauritius via a GBC1.
7.	When incorporating in Mauritius, there are no annual financial reporting requirements for GBC2 companies.
8.	When incorporating a Mauritius company via a GBC2, one shareholder and director is required.
9.	After forming a company in Mauritius, details of the company's beneficial owners are not available for public viewing. They are held, confidentially, at the Mauritius Financial Services Commission.
10	After incorporating in Mauritius, Healy Consultants can open an international or Mauritius corporate bank account for our Client. Healy Consultants works with internationally recognised banks such as HSBC, Standard Chartered and Citibank to provide corporate bank account services.
11.	Clients incorporating a Mauritius company should note it is possible to convert a GBC2 into a GBC1.
The following is an overview of the key procedures involved for incorporating in Mauritius and opening a Mauritius or international corporate bank account with Healy Consultants:
1.	Prior to incorporating a Mauritius company, our Client signs Healy Consultants' engagement letter and returns the original to our Singapore Head Office.
2.	Before forming a company in Mauritius, Healy Consultants Compliance Team receives the required corporate and personal due diligence information from our Client.
3.	Our Client confirms the Mauritius corporate structure, including shareholders and directors. Only then will Healy Consultants proceed with incorporating in Mauritius.
4.	Healy Consultants Incorporation Team performs a company name search with Mauritius Registrar of Companies and, if approved, we begin incorporating a Mauritius company.
5.	During the process of forming a company in Mauritius, Healy Consultants Incorporation Team emails the following corporate documents to our Client for his signature and return to us: Letter of Appointment of First Director, Consent to Act as shareholder and Memorandum and Articles of Association.
6.	Assuming our Client emails the above signed documents to us in a timely manner (originals to follow by courier), Healy Consultants Incorporation Team liaises with the Mauritius Registrar of International Business Companies.
7.	While incorporating in Mauritius, Healy Consultants’ Incorporation Team receives an email of the Certificate of Incorporation from the Mauritius Registrar of International Business Companies. Our team immediately emails the same to you.
8.	After incorporating a Mauritius company, Healy Consultants Incorporation Team files the following documents with the Mauritius Registrar of Companies:
	i)	The name of the company, share capital, division of capital and type of shares;
	ii)	The Memorandum of Association (in either in English or French);
	iii)	The Articles of Association;
	iv)	Mauritius registered office address;
	v)	Names, addresses and nationalities of directors and shareholders.
9.	After forming a company in Mauritius, Healy Consultants Incorporation Team applies for the Business Registration Certificate and pays Mauritius business registration fees/ levies.
10.	After incorporating a Mauritius company, Healy Consultants Compliance Team prepares all post incorporation documents, including minutes of the first meeting, preparation of By Laws, assurance of initial Share Certificates.
11.	After incorporating in Mauritius, and upon receipt of the original signed corporate documents from our Client, Healy Consultants couriers a company kit to our Client’s preferred international address. This contains the following corporate documents:
	i)	Original copy of the Mauritius Certificate of Incorporation;
	ii)	An original bound copy of the Memorandum and Articles of Association;
	iii)	Original share certificates;
	iv)	A Client feedback form.
12.	After forming a company in Mauritius, Healy Consultants International Banking Team then completes the Mauritius corporate bank account application form for our Client.
13.	After incorporating a Mauritius company, our Client visits his local bank branch to sign the bank forms in the presence of a local bank officer. Our Client then couriers the same to Healy Consultants.
14.	After incorporating in Mauritius, Healy Consultants prepares a complete bank application including due diligence, supporting corporate documents and bank forms.
15.	Healy Consultants prepares a detailed Business Plan, explaining our Client's reasons for incorporating a Mauritius company, the company's activities and details of shareholders and directors.
16.	After forming a company in Mauritius, Healy Consultants International Banking Team submits the application form to the bank together with the following corporate and personal information:
	i)	Company’s incorporation documents, duly certified by a Mauritius CPA or solicitor;
	ii)	A copy of Directors and bank signatory(ies) passport;
	iii)	Original copy of bank reference letter;
	iv)	Original copy of proof of residential address.
17.	Healy Consultants local officer attends a bank interview on your behalf, describing your global business activities, the reasons for incorporating in Mauritius, and explaining why you require an international corporate bank account.
18.	On behalf of our client, Healy Consultants pays the initial bank deposit to the bank. A scanned copy of the bank deposit slip will be emailed to our client as verification of the same.
19.	Healy Consultants will apply for corporate Internet banking facilities.
20.	Healy Consultants applies for a corporate ATM card and corporate cheque book.
21.	Healy Consultants receives international bank approval together with bank account numbers.
22.	Healy Consultants receives the bank Internet login and password information in a sealed letter that is passed directly to our Client.
23.	Healy Consultants receives corporate cheque book in a sealed letter that is passed directly to our Client.
24.	Healy Consultants receives credit and ATM cards in a sealed letter that is passed directly to our Client.
25.	Healy Consultants dispatches a courier to your preferred address containing original company documents and bank information in unopened, bank sealed envelopes.
26.	Healy Consultants emails a customer feedback survey to our Client to obtain frank and honest feedback regarding the efficiency of the engagement completion.
Contact Us
For Clients planning on incorporating in Mauritius, email email@healyconsultants.com or telephone us at (+65) 6735 0120.
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