| 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 (corporate/individual) Local Resident director not required. |
| SHAREHOLDERS/MEMBERS |
| Minimum Shareholder |
1 (Corporate/ Individual) |
| COMPANY SECRETARY |
| Company Secretary |
Optional- (no need to be local and Qualified) |
| Local Requirement |
Registered office and agent in Mauritius required |
| ACCOUNTS |
| Filing of accounts |
Not Required |
| Auditing of accounts |
Not 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.
- Particulars of principals (nationality, address, country of residence, profession, etc.)
- Passport copy of principals.
- Bank reference letter.
- Brief business plan.
- Full names and addresses of all directors.
- Duly filled in and signed statutory Application Form.
|
| 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 |
1 day |
| Prepare post incorporation documents |
0.5 days |
| Certification of post incorporation documents by notary |
N/A |
| Tax Residence Certificate |
N/A |
| 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 |
- A GBC2 does not pay any tax on its world-wide income to the Mauritian Authorities.
- No withholding tax on dividends.
- No capital gains tax.
|
