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Offshore company formation – Why setting up in Mauritius

Mauritius is a jurisdiction that is internationally compliant, cost-effective, and one of the most business-friendly and investment-friendly jurisdiction in Africa. Offshore company formation in Mauritius is ideal for corporates, investors, entrepreneurs and High Net-Worth-Individuals around the globe.

Africa’s leading International Financial Centre (IFC) offers many advantages to multinational companies and other businesses. Mauritius is a safe, stable and reliable jurisdiction that is ideal for an offshore company formation in Mauritius. Amongst others, its location in a strategic time zone, its pool of qualified and bilingual professional, and its attractive tax system are factors that contribute to the attractiveness of the island. Mauritius also has various bilateral and multilateral agreements as well as strict rules and regulations that ensure business transparency and efficiency, helping corporates to maximise the value of their business.

The Bank of Mauritius and the Financial Services Commission are the two major regulating bodies, which ensure the compliance and security of the jurisdiction. It is important to highlight that Mauritius is an internationally compliant jurisdiction (including FATCA, CRS and BEPS). Offshore company formation in Mauritius are subjected to international rules and regulations. The island is also a preferred destination for relocation by several expatriates. The country’s living environment and other pleasant features attract expatriate and boost the island’s financial economy.

There are two main types of company structures to choose from for an offshore company formation in Mauritius. The Global Business Company (GBC) and the Authorised Company (AC).

 

Characteristics of a Global Business Company

A Global Business Company is a company carrying out its main business activities from Mauritius, but with people who are not Mauritian residents. By being eligible to benefit from the network of Double Tax Treaties, this type of company is an effective medium for international tax planning.

The tax rate for GBCs stands at 15%. Subject to meeting substance requirements, a GBC can benefit from a partial tax exemption of 80% on its income.

 

Characteristics of an Authorised Company

The Authorised Company is a company carrying out its business activities and control & management outside of Mauritius. It is therefore considered as a foreign company for tax purposes. Contrary to the GBC, an AC does not have access to the Double Tax Treaties.

 

 

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