Offshore company formation in Mauritius

June 24, 2024 - 17 min read


Mauritius: the ideal offshore jurisdiction for offshore company formation

A popular destination among foreign investors, especially for offshore company formation, about 20,000 offshore companies and funds have selected Mauritius as country of incorporation. Setting up an offshore company in Mauritius brings the following advantages to its owners and shareholders:

Africa iconMost business-friendly and investment-friendly country in Africa : 1st country in Africa for ease of doing business and Good Governance (Ibrahim Index of African Governance – IIAG).
Law-Icon for Mauritius offshore company registrationHybrid legal system, combining both the civil law and common law practices.
Law Icon for Mauritius offshore company formationAn International Arbitration Centre.
Tax Icon for Mauritius offshore company formationBusiness-friendly legislation and cost-effective jurisdiction, with no exchange control, no Withholding Tax, no Capital Gains Tax, no restrictions on trading, and no obligation to pay for stamp duty or transfer shares.
Security Icon for Mauritius offshore company formationEconomic and political stability : secure and reliable investment destination, compliant with all 40 recommendations from the FATF, and counting the presence of internationally recognised banks.
Law-Icon for Mauritius offshore company formationFree and democratic political system; Privacy and security of information.
Language Icon for offshore company registration in MauritiusA bilingual (English and French) and skilled workforce.
World Icon for offshore company registration in MauritiusExtensive network of Double Tax Avoidance Agreements (DTAAs) and Investment Promotion Protection Agreements (IPPAs), allowing offshore companies to benefit from reduced tax rates when conducting cross-border operations.
Clock Icon for offshore company registration in MauritiusStrategic geographic location and convenient time zone (GMT +4), making it an ideal hub for international trade and investment.
Study icon for offshore company registration in MauritiusA comprehensive education system with Anglophone and Francophone private institutions.
Medical Icon for offshore company registration in MauritiusAccessible medical services.
Network Icon for offshore company registration in MauritiusFast offshore company formation at a competitive rate, with the possibility to open a corporate bank account for your business.
Law-IconA simple and attractive tax system.
Law-IconEasy procedures from company redomiciliation.
Law-IconTransparent, safe and internationally compliant jurisdiction.



What is an offshore company?

The term “offshore” implies that a business entity is registered in a jurisdiction that differs from the place of its primary operations or ownership. Offshore companies are often used as a tool for international tax planning and wealth management, giving business owners more flexibility in their commercial operations. These companies can conduct business activities in any country, but they cannot engage in businesses in the country of their incorporation. Another advantage of this type of companies is that they can provide asset protection by separating the owner’s assets from the company’s liabilities.

Related articles:

An offshore corporate structure in Mauritius is a legal entity established outside of the owner’s country of residence, typically for its financial benefits and flexibility. There are two primary types of offshore companies in Mauritius:

  • The Global Business Company (GBC): This is the most popular choice. GBCs are tax-resident entities in Mauritius, meaning they can claim an attractive 80% exemption on corporate income tax. However, to qualify for this benefit, they must meet specific “substance” requirements that demonstrate a genuine business presence in Mauritius. GBCs are versatile and can engage in a broad spectrum of financial and non-financial activities, such as investment holding, trading, and consulting.
  • The Authorised Company (AC): An AC is a classic offshore structure. Unlike GBCs, ACs are not considered tax residents of Mauritius. This means they cannot take advantage of Mauritius’s double taxation treaties. However, they benefit from a complete exemption from Mauritian corporate income tax.

These two types of companies offer several advantages including a favourable tax environment, asset protection, and access to a stable and credible business jurisdiction. As an International Financial Centre, Mauritius provides a robust regulatory framework for offshore business and is overseen by the Mauritius Revenue Authority (the tax authority) and the Financial Services Commission (FSC).


The Mauritius tax regime, favourable to offshore company formation

The tax regime is a distinctive feature of the Mauritius offshore financial center, which offers several tax incentives designed to encourage foreign investment and promote the country as a hub for international business.

While the rate is unique (15%) on individual tax as well as corporate tax, there is no Withholding Tax on dividends, no Capital Gains Tax and no capital duty on issued capital. The country respects all international standards in terms of compliance (with strict Know Your Client and AML regulations), and institutions respect the confidentiality of the Mauritius company’s information and allows free repatriation of profits and capital.

One of the main features of the tax regime is the 80% partial tax exemption, which allows offshore companies to benefit from a reduced corporate income tax rate, subject to certain conditions. By retain a higher portion of their profits, it provides an enticing environment for setting up operations in the country. Setting up an offshore company in Mauritius provides a legitimate tax planning strategy since it operates within the legal framework provided by the Mauritian government.

Additionally, Mauritius’ vast network of Double Taxation Avoidance Agreements (DTAAs) allows better risk management and reduced tax leakage for its foreign investors. With its combination of incentives and exemptions, in addition to its business-friendly environment, the Mauritius tax system is well-suited for incorporating an offshore company structure looking to optimise their tax planning strategies while operating a company within a stable, reputable jurisdiction.


Mauritius offshore company formation requirements

The requirements to set up a company in an offshore jurisdiction like Mauritius will depend on the type of company structure. As mentionned above, there are two choices: the Global Business Company and the Authorised Companythey are further detailed in the section below. Offshore company incorporation in Mauritius can take up to one week. The registration process (formalities, procedures, and documentations) prior to the company formation are generally completed between 1 to 3  weeks.

The appointment of a registered agent for an offshore company in Mauritius required when setting up your business presence and ensuring its smooth operation in this jurisdiction. A registered agent, which must be a licenced management company (such as Sunibel), functions as the intermediary between the company’s shareholders and the relevant governmental authorities. They ensure that your company complies with the regulatory requirements and applicable laws within Mauritius. These may include but are not limited to, annual reporting, tax payments, and statutory filings.

Required Customer Due Diligence (CDD) documents for a Mauritius offshore company incorporation include:

  • Certified copy of passport for all beneficial owners, shareholders and directors ;
  • Certified proof of address for all beneficial owners, shareholders and directors ;
  • Reference letter from a bank, notary, attorney or auditor ; and
  • Completed and signed Know Your Clients (KYC) and company registration forms provided by Sunibel.

Requirements vary according to the type of company. However, opening an offshore company in Mauritius must meet several key requirements, including having at least one shareholder and one director, appointing a company secretary, maintaining a registered office in Mauritius, and engaging a licenced management company.


Types of offshore companies in Mauritius

Establishing an offshore company in Mauritius involves several steps, including choosing the right type of company, selecting a unique company name, engaging a licenced management company, preparing and submitting necessary documents, and paying required fees. The required documents include a memorandum and articles of association, proof of identity and residence of the shareholders and directors, and details of a registered office in Mauritius. The company incorporation in Mauritius is processed and approved by the FSC.

Global Business Company

A Global Business Company is a company involved in qualified activities, and which main business operations are carried principally from Mauritius, but with people who are resident outside of Mauritius.

A GBC is a legal entity that can either be a division of a foreign company, or a locally incorporated company. The GBC licence allows the offshore corporation to conduct business outside Mauritius while benefiting from the network of DTAAs. This type of structure is ideal for holding companies, and is subject to taxation while benefiting from the 80% partial tax exemption as stated above.

The GBC licence allows the offshore companies to conduct business outside Mauritius while benefiting from the network of DTAAs. The Financial Services Act (FSA) 2007 of Mauritius stipulates that a GBC can engage in activities such as:

  • Aircraft Financing and Leasing
  • Asset Management
  • Investment Banking
  • Consultancy Services
  • Financial Services
  • Fund Management
  • Information and Communication Technology Services
  • Insurance and reinsurance
  • Licensing and Franchising
  • Logistics and/or Marketing
  • Operational Headquarters
  • Pension Funds Management
  • Shipping and Ship Management
  • Trading
  • Trust management
  • Domiciliation of fund managers and investment funds (CIS, CEF, VCC)


Requirements to set up an Global Business Company in Mauritius

  • A minimum of 1 shareholder (likewise if the company is a wholly owned subsidiary);
  • A minimum of 2 qualified directors resident in Mauritius;
  • Board meetings must be held in Mauritius;
  • Main bank account to be held in Mauritius;
  • Have physical offices in Mauritius where accounting records and statutory documents including register of members, debenture holders, and officers must be kept;
  • Appoint a local Management Company like Sunibel Corporate Services to act as qualified company secretary resident in Mauritius;
  • Must file audited Profit and Loss account and Balance Sheet annually with the FSV within 6 months of the financial year-end;
  • Tax returns must be filed with Income Tax Authorities;
  • Have a company clause stating that disputes shall be solved by arbitration in Mauritius; and
  • Shares to be registered on a securities exchange scheduled by the FSC.

A GBC is a company registered in Mauritius and licenced by the FSC, the country’s regulatory authority, is responsible for the regulation, supervision, and inspection of all financial services, other than banks. GBCs are regulated under the Companies Act 2001 and Financial Services Development Act 2001. Both regulations have set the base and transformed Mauritius as a solid and reliable International Financial Centre.

Click here for more information about the Mauritius Global Business Company.


Authorised Company

Under the FSA 2007, an Authorised Company is a company where:

  • the majority of shares or voting rights or the legal/beneficial interest in a company incorporated in Mauritius are held or controlled, by a person who is not a citizen of Mauritius;
  • such company proposes to conduct business principally outside of Mauritius; and
  • has its control & management outside Mauritius, meaning that it is the place where:
    • the strategic decisions on the company’s core activities are taken from; and
    • either a majority of the Board of Director’s meetings are held, or where the executive management of the company is regularly exercised.

If a company does not meet these conditions, it is considered an offshore company and non-resident for tax purposes. This means that the Authorised Company’s income will not be subject to tax in Mauritius. Unlike the GBC, an Authorised Company cannot benefit from the network of DTAAs that Mauritius has with various countries.

An Authorised Company shall have, at all times, a registered agent in Mauritius, which shall be a Management Company. Sunibel is duly licenced by the FSC to act as a Management Company in Mauritius and has the experience to accompany you in the formation and incorporation of your offshore vehicle. Our duties towards Authorised Companies, as registered agent, include:

  • filing of return of income with the MRA;
  • filing of a financial summary with the FSC;
  • filing of any document required under relevant Acts;
  • safekeeping of records (board minutes and resolutions, transaction records and such other documents as required by the FSC); and
  • undertaking measures to combat money laundering and terrorist financing, and any other related offences as specified by the FSC.

It should be noted that the financial statements of an AC do not need to be audited nor to be publicly accessible.


Requirements to set up an Authorised Company in Mauritius

  • Minimum of one shareholder
  • Copy of ID and/or passport, and proof of the residential address
  • Minimum paid up capital of one share
  • Shall have a registered agent in Mauritius (i.e., a Management Company – Sunibel)
  • File Financial Summary with the FSC
  • File Annual Tax return with the MRA
  • Appointment of one director (Mauritian or foreigner)
  • Have a registered office in Mauritius
  • May hold meetings in any country and may attend such meetings by electronic means
  • Main bank account does not need to be in Mauritius
  • Due Diligence: Promoters, beneficial owners/shareholders, directors, bank account signatories

Authorised Companies are not allowed to engage in the following activities:

  • financial services (including banking);
  • holding, managing, or dealing with a Collective Investment Scheme (or Fund) as a professional administrator;
  • providing registered office facilities, or nominee, directorship and secretarial services, or other services to corporations; or
  • providing trusteeship services.

Click here for more information about the Mauritius Authorised Company.


Offshore Company Formation Process

The typical process for setting up an offshore company in Mauritius involves the following steps:

  1. Securing Your Company Name: Reserve your preferred company name with the Registrar of Companies.
  2. Company Incorporation: Submit the necessary documents, including the Memorandum and Articles of Association, to officially register your company with the Registrar of Companies.
  3. Licencing Up: Depending on your chosen structure (GBC or AC), you will need to apply for the appropriate licence with the FSC.
  4. Corporate Banking: Open a dedicated bank account for your company with the assistance of Sunibel, your local management company for assistance.
  5. Ongoing Compliance: Once operational, ensure your company stays compliant by filing annual financial statements, tax returns, and fulfilling other regulatory requirements.


Sunibel, an international provider of offshore company formation services

With other 15 years of existence in the offshore financial services industry, and composed of an experienced and qualified team of professionals, Sunibel can accompany you to form an offshore company in Mauritius. We are member of multinational and multidisciplinary group Probus Pleion, created in the 1980s in Switzerland. We can therefore put our network to your advantage and provide you of a comprehensive set of additional services to strategically optimise your costs.

The appointment of a registered agent, namely a management company such as Sunibel, is a key element in ensuring your company’s regulatory compliance, and facilitating its overall success within the jurisdiction. Indeed, companies often grapple with intricate and ever-evolving laws and regulations, which, if not adhered to, can lead to severe financial and reputational risks. By enlisting the support of a provider of offshore company formation services, businesses can stay on top of their compliance and tax obligations while minimising their risks.



1. Difference between offshore and domestic companies

Offshore and onshore companies are two types of business that are distinguished based on their location and the rules and regulations that govern them. Offshore companies are those that are set up in a foreign country with the primary aim of availing tax benefits and providing confidentiality to the owners. These companies could be registered in countries that have lenient rules and regulations for businesses, low tax rates or only have nominal taxes in place.

On the other hand, a local company (or domestic company) is established in the country where its products and services are mainly consumed or where its primary operation is located. These companies are subject to local tax laws and regulations, and they are required to follow the country’s rules and regulations where they are registered. They are also required to be licensed by the authorities, and their financial records must be made public. Operating an offshore entity can be challenging due to the complexity of regulations and compliance procedures (and that’s the reason why you need to hire a reputable management company such as Sunibel), while an onshore company is comparatively easier to manage.


2. Difference between Global Business Companies and an Authorised Companies


  • GBC: Requires a minimum of two directors residing in Mauritius.
  • AC: Only one director is needed, and corporate directors are acceptable.

Central Management and Control (CMC):

  • GBC: The CMC must be in Mauritius. This means board meetings and key decisions happen within the country.
  • AC: The CMC must be outside Mauritius. Board meetings and key choices should be made elsewhere.

Registered office and administration:

  • GBC: Requires a registered office in Mauritius, usually provided by a management company. GBCs must also be administered by a local management company.
  • AC: Similar to GBCs, ACs need a registered office in Mauritius provided by a management company. However, ACs don’t require a resident company secretary or administration by a Mauritius-based management company.

Substance requirements:

  • GBC: Must meet specific economic substance requirements. This includes employing a qualified workforce in Mauritius and incurring a minimum level of expenditure relative to their activities.
  • AC: No specific substance requirements apply as ACs are not considered tax residents in Mauritius.


3. Are offshore companies in Mauritius legal?

Offshore companies in Mauritius are indeed legal and regulated by the FSC. The FSC is the main regulatory body responsible for supervising and licensing offshore companies to ensure compliance with international standards and regulations. As stated above, when a company is incorporated in Mauritius, it can benefit from a favourable tax regime and other incentives offered by the government.

Mauritius has also put in place robust Anti-Money Laundering and Know-Your-Customer frameworks to maintain the integrity of its financial services sector. International investors find Mauritius an attractive jurisdiction to set up an offshore structure due to its political stability, strong legal framework, and advantageous business environment. It is important for you to make sure your company complies with all relevant laws and regulations to avoid any legal issues or to damage the reputation of Mauritius as an International Financial Centre.


4. Is it safe to register your offshore company in Mauritius?

Incorporating your company in regulated jurisdictions such as Mauritius is a safe option for investors seeking international business opportunities. The country has established a reputable financial services sector and a regulatory framework that ensures transparency and compliance with international standards. Mauritius is known for its strong commitment to fighting money laundering and the financing of terrorism, as evidenced by its compliance with the Financial Action Task Force (FATF) recommendations. Additionally, the jurisdiction imposes strict regulations to prevent tax evasion and implement effective exchange of information mechanisms.

Among the benefits of an offshore company, Mauritius has signed a number of bilateral investment treaties and double taxation agreements with various countries, which offer investors added protection and stability in terms of legal protections. Like any other offshore jurisdiction, investors should undertake their due diligence and seek professional advice with a local registration services provider, such as Sunibel Corporate Services, to navigate the legal and financial aspects prior to incorporating a business offshore to Mauritius.


5. What are the advantages of having bank accounts for offshore companies in Mauritius?

Along with your offshore entity operating from Mauritius, you can request for a bank account opening that will unlock several benefits of offshore banking. First and foremost, it offers financial privacy. Offshore banks are known for their strict confidentiality policies, ensuring that your personal and financial information remains secure. This can be particularly beneficial for individuals concerned about the potential for identity theft or unauthorised access to their funds. Additionally, a business using an offshore bank account has the opportunity to deversify its assets. By having funds held in different currencies and jurisdictions, investors can mitigate risk and protect their wealth, especially in times of economic uncertainty or political instability.

Furthermore, opening a bank account offshore often provides access to a wider range of investment opportunities, including offshore trusts and funds that may not be easily available in one’s home country. Lastly, a business accounts with and offshore bank can offer certain tax advantages, depending on the offshore country. By taking advantage of friendly tax regimes, individuals or businesses can legally reduce their tax liability and maximise their wealth.


6. Documents you receive after setting up a company in Mauritius

The documents you will receive after the successful incorporation of your offshore company in Mauritius include:

  • Certificate of Incorporation issued by the Mauritius company registry
  • Memorandum of Association stamped by the Registrar of Companies in Mauritius
  • Articles of Association stamped by the Mauritius company registry
  • Register of directors
  • Register of shareholders
  • Register of beneficial owners
  • Resolution of appointment of first directors
  • Written resolution adopted by directors upon incorporation
  • Share certificate
  • Consent letter of director



Contact us and subscribe to our newsletter

* indicates required
In addition to your request, please provide us with your mobile phone number and confirm your availability between 10:30 and 12:00 (GMT) on Monday, Wednesday, or Friday. We will get back to you with the details for our call as soon as possible. Thank you.

We intend to use your personal information to send you business updates, promotional and/or marketing materials as well as event invitation we think may be of interest to you. Please let us know your preferences:

We use Mailchimp as our marketing platform. By clicking below to subscribe, you confirm having read, understood and accepted the terms and conditions and privacy policy of Sunibel, and acknowledge that your information will be transferred to Mailchimp for processing.

Learn more about Mailchimp's privacy practices here.




This article is provided for information purposes only. It is not intended to provide, and should not be used for, tax or legal advice. We may put you in contact with tax and legal advisers in this regard.

Although all information and opinions contained herein have been compiled from sources believed to be reliable and trustworthy, no representation or warranty, express or implied, is made as to their accuracy or completeness, and, to the extent permitted by law, Sunibel Corporate Services Ltd, its members, employees and agents do not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in the article or for any decision based on it. You should not act upon the information contained in this publication without obtaining specific professional advice.

Sunibel Corporate Services Ltd accepts no liability for any direct or indirect damage resulting from the use and reliance on the information published in this article.

For more information, please see our terms and conditions.

Articles populaires :
- Création d’entreprise à l’île Maurice

- Création d’une société offshore à l’île Maurice
- S’installer à l’île Maurice pour faire des affaires

Contactez-nous :

    Contact Us

      Most read articles:
      - Setting up a company in Mauritius
      - Offshore company formation
      - Relocate your company to Mauritius

      Get in touch with our experts:

        Contact Us