Mauritius

Republic of Mauritius is an island nation in the Indian Ocean about 2,000 kilometres off the south east coast of the African continent. The capital is Port Louis.

Since independence in 1968, Mauritius has developed from a low-income, agriculture-based economy to a middle-income diversified economy. The economy is based on tourism, textiles, sugar, and financial services.

Forming a company in Mauritius is a simple, straightforward process regardless of whether you choose a GBC1 Company (a Resident Company) or a GBC2 (an Offshore Company). If correctly structured a Mauritius Company is an efficient, low-cost, legally tax efficient entity in which to conduct business. There are a number of benefits attached to incorporating a GBC1 and GBC2 company in Mauritius.

Advantages of Mauritius company incorporation:

  • Business can be conducted internationally
  • No capital gains or withholding taxes levied
  • No limit on the carrying forward of tax losses
  • No withholding Tax on dividends, interest, royalties and payment of redemption proceeds
  • Entitled to underlying tax credits on dividends if shareholding in Investee Company is greater than 5%.
  • Interest received on deposits in Mauritian bank accounts are tax exempt
  • Inheritance tax, gift and estate taxes are not applicable
  • No stamp duties, registrar duties or levies
  • A branch of a foreign company may also have access to the tax treaty network provided that the local authorities are satisfied that effective management and control of the foreign branch is in Mauritius.
  • High degree of privacy protection (through the use of nominee directors and shareholders)
  • Mauritius company formation permits 100% foreign ownership meaning no local nominee is required
  • No accounting or reporting requirements which minimize maintenance costs
  • No Withholding Tax on dividends
  • No Capital Gains Tax
  • No Stamp Duty on transfer of shares
  • Free repatriation of earnings
  • Migration from a foreign company to/from Mauritius is permitted
  • Shareholders and Directors can meet anywhere

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