| NAME REQUIREMENTS |
| Name Restrictions (Requires Approval) |
Assurance, bank, building society, Chamber of Commerce,chartered,co-operative, state or trust or any name which in the opinion of the Registrar suggests the patronage of the President or the Government of Mauritius. |
| SHARE CAPITAL |
| Currency |
In any Currency except Mauritian Rupees |
| Minimum Paid up Capital |
No minimum |
| Authorised share Capital |
No minimum |
| Bearer shares |
No minimum |
| Public Register of shares |
Required |
| DIRECTORS |
| Minimum Directors |
1 Required but 2 local resident directors required to access Mauritius tax treaties. |
| SHAREHOLDERS/MEMBERS |
| Minimum Shareholder |
1 (Corporate/ Individual)-of any nationality and resident of any country except Mauritius |
| COMPANY SECRETARY |
| Company Secretary |
Qualified Mauritian resident |
| Local Requirement |
Registered address in Mauritius required |
| ACCOUNTS |
| Filing of accounts |
Required within six months of the Financial Year end |
| Audit Required |
Required |
| Filing of Annual Return |
Not Required |
| INCORPORATION PROCEDURES AND TIME FRAME |
| Fill out Incorporation form |
5-10 Minutes |
| Send us due diligence of proposed directors and shareholders |
Depend on Client |
| UPON COMPLETION OF THE ABOVE |
| Check availability of company's name in the Registry of Companies |
2-3 hours |
| Preparation of incorporation documents |
0.5 days Documents include:
- Desired company name. A fee is payable to the Registrar of Companies for name reservation.
- Details of all principals (name and address, nationality, country of residence, business track record, photocopies of first four of passport, etc.). In case of Corporate owner, profile and audited accounts of the company is required.
- Detailed business plan with 3 year financial forecasts and amounts of investments to be made. -Bank reference letter.
- Duly filled in
|
| Signing of incorporation documents |
Depend on client |
| Submission of documents to the Financial Services Commission (FSC) |
Depend on the FSC |
| Upon completion of the above |
| Incorporate the company with the Registry of Companies and payments of registration fees & Charges |
10-15 day |
| Prepare post incorporation documents |
0.5 days |
| Certification of post incorporation documents by notary |
N/A |
| Tax Residence Certificate |
-Issued by the Mauritius Revenue Authority upon recommendation of the FSC
-Is obtained within 10 days from the date of application for the TRC. |
| Business Registration Certificate |
N/A |
| BANK ACCOUNT |
| Bank account opening requirement |
Mandatory for a GBC1 company to maintain an account with a Mauritian bank.Documents Required:
- Certified true copy of passport
- Original proof of address (e.g.: utility bill)
- Original reference letter from a banker/lawyer/accountant/public notary All documents dated less than 2 months
|
| Time to open bank account |
Provided all the due diligence documents have been received from the client and are to the satisfaction of the bank, it normally takes 10 working days to open a bank account. |
| TAXATION |
- GBC1 companies are resident in Mauritius for tax purposes.
- There are no capital gains tax, and no withholding tax on payment of dividends, interests or royalties.
- No stamp duties or capital taxes.
- No inheritance tax.
- GBC1 companies are liable to taxes at the rate of 15%
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