Mauritius company registration is a simple process that brings forth many advantages. If properly structured, it is a low cost, legally tax-efficient entity to conduct international business. Healy Consultants is ideally placed to advise on the best strategy for company registration in Mauritius and provide a range of business startup and support services for Mauritius companies.
Advantages of Mauritius company registration
- A Mauritius company can be incorporated within one week, with a minimum of one shareholder and one director of any nationality. The minimum paid up share capital is US$1 and our Client will not need to travel to complete business registration engagement;
- Mauritius business registration is simple and cost-effective, which is an advantage for entrepreneurs interested in setting up a company in Mauritius. According to the 2013 Doing Business Survey by the World Bank, Mauritius is the world’s 20th easiest place to do business. The survey measures factors including business registration procedures, time, cost and minimum capital required to start a business;
- A Mauritius business registration enjoys access to over 30 double tax treaties signed with countries around the world;
- 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. A Mauritius GBC2 Company is exempt from all taxes on income derived outside Mauritius. There is no income tax in Mauritius;
- There are no minimum capital requirements with a Mauritius GBC2 offshore company, which is a benefit for entrepreneurs interested in Mauritius business registration. Also, directors and shareholders details are unavailable for public viewing;
- English is spoken by 90% of Mauritians which makes it easier for foreign investors to communicate with local suppliers and customers.
Disadvantages of Mauritius company registration
- Mauritius is ranked as the world’s 45th most competitive economy by the Global Competitiveness Report 2013 – 2014, compiled by the World Economic Forum;
- A Mauritius GBC2 company does not have access to the 34 double tax treaties Mauritius has signed;
- 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.