Mauritius Company Registration (GBC1)
The key features of a Mauritius Company Formation are:
- There are no capital gains or withholding taxes and no limits on the carry forward of tax losses
- Minimum of 1 Director and 1 Shareholder is required
- Business can be conducted internationally
- Global Business Category (GBC) 1 Companies are regarded as being resident, therefore are able to take advantage of the Mauritian Double Tax Treaties
- No statutory requirement to hold annual general meetings - location of meetings can be anywhere in the world
- A visit to Mauritius is not required to form your company
- Minimum share capital of 1USD
Mauritius, officially the Republic of Mauritius, is an island nation in the Indian Ocean. The Republic of Mauritius is constituted of the main island of Mauritius and several outlying islands.
The most popular type OF Mauritius company formation is a Global Business Category 1, also known as a GBC1. A GBC1 pays minimal corporate tax after foreign tax credit is applied to any foreign source income. When you complete your Mauritius Company registration (GBC1 Company) you will be exempt from stamp duty, land transfer tax, and capital gains tax. There are no withholding taxes or equivalent deductions on dividends or other payments made by GBC1 companies to non-resident shareholders. GBC1 Companies are regarded as being resident, and are therefore able to take advantage of Mauritian Double Tax Treaties.
To request a free consultation about your Mauritius GBC1 company formation with our experienced team, please call us on +44 (0)1302 729041 or email firstname.lastname@example.org. Alternatively, use the live chat facility on our website.
Why not take a look at our article on offshore company benefits?
What's included for £4589.00
- Mauritius Company Registration (GBC1)
- Mauritius Government Registration Fees
- Registered Office for 1 Year
- Registered Agent for 1 Year
- Bank Account Introduction
- Certificate of Incorporation
- Copy of the Company Constitution
- Register of Directors
- Register of Members
Offshore Bank Account
After forming your offshore company you may wish to open an Offshore Business Bank Account. CFS International Formations have a close working relationship with many Offshore Bank Accounts.
The Banks we have chosen to work with meet our high standards of confidentiality has a high reputation and offers a wide range of banking services which we believe will best suit your requirements.
To apply for an Offshore Bank Account, you will need to comply with the identification requirements. Like us, the Bank must ensure they are complying with the authorities, as this will help to reduce the chances of Money Laundering.
Listed below are the Accounts we are able to offer you for your Mauritius Company:
Once we have received all the required identification documents, the Mauritius company formation process will take approximately 6-7 working days.
Why form a company in Mauritius?
If your Mauritius company formation is a trading companies are legally obligated to file tax returns with the Mauritius revenue authority. There is a legal obligation to pay a ‘Fixed Annual License Fee’ for Mauritius company registrations which is paid annually to the company registrar.
Registration of charges may occur if there are any issues of debentures that are charged on or result in affecting property owned by the company. The registration of charges and mortgages is a legal requirement for GBC1 companies incorporated within Mauritius in accordance to the Registration of Duty Act 1804.
There are multiply options for a Mauritius company formation in regard to its incorporation and function, such as:
- Limited by shares
- Limited by guarantee
- Limited by shares and guarantee
- Unlimited liability company
- Limited life company
Tax information for your Mauritius Company Registration
A Mauritius company registration will have the benefit of a ‘Double Taxation Agreement’ with thirty-nine jurisdictions. This is inclusive of the following elements:
A reduction in ‘withholding’ taxes on royalties, dividends and accrued interest from the source country
Eligibility for exemption from capital gains
The potential for exemption on interest payment from loans
There is no capital gains taxation with companies that operate and incorporated within Mauritius
In addition, there is also the opportunity to permissibly migrate to and from Mauritius when you incorporate your GBC1.
A GBC1 that is resident within Mauritius is liable to pay taxes at the rate of fifteen percent. However, a GBC1 may be entitled to reduced fees at three percent and additionally could qualify for underlying tax credits.
A Mauritius company formation must have a certain name ending, this can be either LIMITED, Limitée, LTD or Ltée. They may also end in ‘B.V.’, ‘N.V.’, ‘S.A.’, ‘Inc.’. However, this is subject to approval by the company registrar.
When completing a Mauritius company registration the name must be unique to the new GBC1 incorporation, and must not be the same as another existent company. There are also a number of restrictions in regard to using any words that imply the company has governance or legal power within Mauritius. For example, ‘presidential’, ‘co-operative’, ‘Mauritius’ and ‘national’.
Directors, Shareholders and Secretary
The legal minimum requirement of one director must be appointed to the Mauritius company formation, however, if you wish to qualify for ‘tax residency’ status then there is a minimum requirement of two directors.
The directors of the GBC1 must keep a Register of Directors (either electronically or paper form) with the full names, addresses and dates of appointment/termination of the directors of the company, this is a legal requirement of Mauritius.
It is also important to note that the public is only allowed to request the following information on the incorporation:
- The registered office address of the GBC1
- The name of the management company of the GBC1
- The address of the management company of the GBC1
The beneficial owners of the Mauritius company registration are also not required to share their information publicly on a register.
GBC1’s can be fully incorporated by directors who aren’t residing within the country and there is no legally required minimum share capital. The capital of a Mauritius company formation cannot be raised by the public and there is no legally required 'authorised share capital’ at the time of incorporation.
A GBC1 incorporation also enables the directors to sell their shares on the Mauritius stock exchange. There is also minimal exchange control in regard to a GBC1, resulting in transfers of shares being more accessible.
GBC1 companies are required to keep a share register in accordance with Mauritian legislation. The entries of shareholders are used and kept for the purpose of their legal rights to each individual’s shares. If any changes are made in regard to the company’s shares, the register must be amended within the period of fourteen days.
Annual Requirements for your Mauritius Company Registration
With a Mauritius company formation, a ‘loss account and balance sheet’ must be filed annually with the Financial Services Commission and this must be before six months of the businesses’ end of year period. Trading companies are also legally obligated to file tax returns with the Mauritius Revenue Authority.
Trading companies incorporated in Mauritius are required to have a bank account maintained within Mauritius in accordance to the Banking Act 2004.
Mauritius company formations require one of the following addendums to be complied with through incorporations, they are (in accordance to new criteria introduced in 2015):
- The GBC1 must have a business premises within Mauritius
- The GBC1 must have at least one employee on a full-time basis that resides within Mauritius and works in compliance to the administrative/technical level that is required by legislation.
- The GBC1 holds, or will expect to hold assets of 100,000 USD within the twelve-month period after incorporation
- The GBC1’s shares are listed on the securities exchange and are licensed by the FSC (Financial Services Commission)
- The GBC1 is a corporation that is expected to have reoccurring yearly expenditures and those expenditures are being managed and/or controlled from within Mauritius.
All accounts must be produced within Mauritius in accordance to Mauritian legislation.
Yearly Renewal £3,489.00
On a yearly basis a Mauritius Company must be renewed with the Registered Agent and Authorities in Mauritius. By renewing your company this ensures that it is kept in Good Standing with the authorities in Mauritius.
The price for a Mauritius yearly renewal is £3,489.00
The following is included in a Mauritius yearly renewal:
- Registered Agent
- Registered Office
- Government Registration Fees
Mauritius, an Indian Ocean island nation, is known for its beaches, lagoons and reefs. The mountainous interior includes Black River Gorges National Park, with rainforests, waterfalls, hiking trails and wildlife like the flying fox. Capital Port Louis has sites such as the Champs de Mars horse track, Eureka plantation house and 18th-century Sir Seewoosagur Ramgoolam Botanical Gardens.
If you would like an Additional Service for a Mauritius Company Formation, please contact our office with your requirements and we will be happy to assist you.
Ready Made Offshore Companies
A Ready Made Company is a company which has previously been formed and been stored as a non trading company. By purchasing a Ready Made Company you can:
- Boost your business with an established company
Appear to be a reliable company that has been in business for several years
- Establish Business Relationships Easily
Business and Banking relationship are easily established with an older previously registered company
- Gain Confidence from customers
New and existing clients will feel more confident in dealing with you as your company has a history
- Be Reassured
All our Ready Made Companies are non trading companies, are totally clean and clear of any business debts and liabilities
Please click here to view more information about Offshore Ready-Made Companies and how they may benefit you. You will also be able to view a list of the countries where we can offer Offshore Ready-Made Companies. Unfortunately, the list of company names is always changing due to customer purchases. Therefore, we are unable to provide an exact list of the available company names on our website. To obtain the most recent list of available companies, please contact us.
Why use CFS for your Mauritius Company Registration?
With CFS, you will be guided swiftly through your Mauritius company registration and provided with full information throughout the process. Our team has over fifteen years’ experience in UK and Offshore formations, which makes us the ideal choice for you and your incorporation.
All work carried out by our specialist team for your Mauritius company registration is done with the utmost confidentiality and urgency.
Our Mauritius company formation package includes the requirement of a registered agent and registered office in Mauritius. We also provide fully completed company documents confirming the existence of the company and we have one of the lowest prices for the annual renewal of the company.
We have an easy to use online order form which can be used for a Mauritius company registration, reducing the need for lengthy forms to be completed.
Once you place an order you will have a dedicated business administrator who will deal with all the necessary requirements of the Mauritius company formation on your behalf.
Do Mauritius companies need to hold annual meetings?
It is not a requirement for Mauritius companies to hold annual meetings.
What does ‘GBC1’ stand for?
A GBC1 or a Global Business Company 1 is a Limited company formation in Mauritius.
Does my Mauritius Company need to have a Registered Office in Mauritius?
Yes, all companies registered in Mauritius must have a Registered Office in Mauritius. The cost of this is included in our incorporation and renewal price.
“Forming a company in Mauritius seemed so effortless with CFS. The team guided me through each step of the process effortlessly. If I had any questions or any problems with the applications, CFS sorted them within the hour! I would highly recommend them to anyone who is looking at forming a GBC1 in Mauritius.”
Solicitor - UK