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Mauritius Company Formation |
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Mauritius company formation is a simple process that brings forth many advantages. If properly-structured, Mauritius company formation is a low cost, legally tax-efficient entity to conduct international business. The following information will help to determine whether Mauritius company formation is the optimum corporate structure to fulfill your international business objectives: |
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| Advantages of Mauritius Company Formation | ||||||||||||
| 1. | Mauritius 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. |
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| 2. | A Mauritius GBC1 Company enjoys access to over 30 double tax treaties signed with countries around the world. For more information on a Mauritius GBC1, kindly visit our Incorporating a Company in Mauritius page. |
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| 3. | Mauritius company formation permits 100% foreign ownership. A minimum of one shareholder and one director is required with Mauritius company formation and corporate directors 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. |
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| 4. | There are no minimum capital requirements with a Mauritius GBC2 offshore company. Also, following Mauritius company formation, directors and shareholders details are unavailable for public viewing. |
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| Disadvantages of Mauritius Company Formation | ||||||||||||
| 1. | Mauritius is perceived as a 'tax haven' jurisdiction. In addition, Mauritius ranked 42nd least corrupt country in the world on the 2009 Corruption Perceptions Index by Transparency International, a global measure of corruption amongst public officials and politicians. |
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| 2. | Mauritius is poorly ranked as the world's 57th most
competitive economy by the Global Competitiveness Report 2009-2010, compiled by the World Economic Forum. |
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3. |
A Mauritius GBC2 company does not have access to the 34 double tax treaties Mauritius has signed. For more information on a Mauritius GBC2 company, kindly visit our Set Up a Company in Mauritius page. |
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4. |
Under the Finance Act 2009, a corporation holding a Category 2 Global Business License (“GBL 2”) is required to file with the Financial Services Commission annually. A GBL 2 is required to submit the financial summaries within 6 months of the balance sheet date. Details of the identity of the promoter / beneficial owner / ultimate beneficial owner, along with an outline of company objectives must be submitted to the FSC. |
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Considerations for Offshore Company Formation |
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1. |
Offshore companies can be an excellent, tax-efficient vehicle for entrepreneurs to conduct their international business. When selecting an offshore jurisdiction, it is important to evaluate variables such as i) its international reputation for conducting business, ii) legalities that govern investor activity iii) the stability of its economy iv) the political stability of the market. |
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2. |
While offshore corporations can have the significant advantage of legitimately minimising tax obligations, there can also be the disadvantage of carrying the tax haven stigma associated with some jurisdictions. More information on Healy Consultants offshore company services can be found on the following pages: |
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| For more information see this Mauritius Information Sheet. | ||||||||||||
Contact Us |
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For more information on Mauritius company formation, please email email@healyconsultants.com or call us at (+65) 6735 0120. |
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