Mauritius Offshore Company Formation

Exploring Mauritius offshore company formation offers exciting opportunities due to its advantageous business environment. To learn about the advantages of setting up a company in Mauritius, read here. Whether you’re a seasoned entrepreneur or new to the business world, our aim is to provide you with clear insights into the types of companies in Mauritius, the time-frames, and the necessary documents required for Mauritius offshore company formation.

Types of Companies in Mauritius

Global Business Company (GBC)

A Global Business Company (GBC) falls under the offshore company category and serves as a dynamic entity engaged in qualified activities, with its core operations based primarily in Mauritius, overseen by individuals residing outside the country.

Structured either as an independent local company or as an extension of a foreign corporation, a GBC operates under a license that permits business beyond Mauritius’ borders, leveraging the advantages of Double Taxation Avoidance Agreements (DTAAs). This setup is particularly well-suited for holding companies, subject to taxation while benefiting from an 80% partial tax exemption.

Activities under a GBC

A GBC is authorised to engage in an array of activities including, but not limited to: Aircraft Financing and Leasing, Asset Management, Investment Banking, Consultancy Services, Financial Services, Fund Management, Insurance and Reinsurance, Licensing and Franchising, Logistics and Marketing. For some of these, an extra licence will be required for the GBC.

Authorised Company

Another type of offshore company is the authorised company. An authorised company isn’t considered a resident of Mauritius for tax purposes; this means it cannot enjoy all the benefits, like DTAs and IPPAs, that come with using Mauritius. However, it comes with its own perks.

Authorised companies have a 0% tax rate, similar to the old GBC 2 – a classic offshore Mauritian company. However, the directors of authoried companies must be located outside Mauritius. So, if you’re considering this option, ensure the management company you work with has a strong partner in another country to provide these directors.

There are some activities that an Authorised Company cannot engage in:

Financial Services: It cannot do banking or other financial services.
Managing Investment Schemes: It cannot manage certain investment funds.
Corporate Services: It cannot provide certain office or management services to other companies.
Trusteeship Services: It cannot offer certain services related to managing trusts.

Domestic Companies

Domestic companies in Mauritius provide a solid foundation for local businesses, similar to structures in the UK, Australia, and New Zealand. They’re open to foreign ownership, making them attractive for international investors looking to operate or own property in Mauritius. Registering a domestic company is easy and affordable. You only need one local director, and there’s no need for a management company. Domestic companies work well for Mauritius residents, excelling in activities like investment holding, trading, consulting, and property ownership. They can also get a Freeport License Mauritius for warehousing and more.

In essence, if your business is rooted in Mauritius, a domestic company is a smart choice for a strong local presence.

How long does it take to set up a company in Mauritius?

Global Business Company (GBC)

With their offshore advantages, GBCs are typically established within 4-6 weeks, including the setup of an offshore bank account.

Authorised Company

Providing offshore potential, authorised companies take a timeframe that bridges the gap between GBCs and domestic companies, taking between a few days to a few weeks.

Domestic Company

Geared towards local business, domestic companies boast a swift setup process, often taking just a few days.

Documents Required

KYC Documentation: Directors, shareholders, and beneficial owners require certified passport copies and proof of address (not older than three months).
Business Plan: An in-depth plan outlining business activities, operational scope, financial projections, and funding sources is essential.
Regulatory Approvals: Depending on your business, approvals may be needed from regulatory bodies like the Registrar of Companies, management company, bank, and the Financial Services Commission.

Key Considerations

Directors: Depending on your chosen type, local directors may be necessary, eliminating the need for your physical presence during setup.
Costs: Initial expenses may vary, but they typically decrease in subsequent years.
Management Fees: Be aware of potential administrative costs that may not be covered by management company fees.

Why Choose Us for Setting up a Company in Mauritius

At Register Company Mauritius, we take pride in being your ideal partner Mauritius offshore company formation. Whether it’s establishing a domestic company or navigating the intricacies of global business licenses, we have you covered. Trust us to handle the essential aspects, such as providing a company secretary, registered office, and experienced directors for your company in Mauritius.