TYPES OF COMPANY:
- Company with a Category 1 Global Business License
- Company with a Category 2 Global Business License (tax exempt)
- Company Limited by Guarantee
- Limited Liability Companies (LLC)
- Civil Law Foundations
- Protected Cell Companies
|Capital requirements:||No minimum;|
RATE OF TAXATION:
|GBL 1||15%, but tax credit reduces it to effectively 3%|
|GBL 2||No tax|
HOW LONG TO INCORPORATE:
|GBL 1||10 business days|
|GBL 2||2 business days|
NO. OF DIRECTORS NEEDED:
|GBL 1||At least one person who is a resident|
|GBL 2||At least one person or company. Need not be resident|
|Disclosure permitted:|| Regulators may require information on identity of beneficial owners and officers.|
Also accounting information on companies.
Such information can be exchanged with other jurisdictions.
|Annual meetings:|| Yes. May be held anywhere in the world. Not less than 12 months after incorporation, |
but less than 18 months. But GBL 1companies wishing to show tax residence must hold
meetings in Mauritius which may be by telephone of video.
|Annual returns:|| Not required for GBL 1 or GLB 2. Financial statements for GBL 1 and GBL 2 must be audited.|
Audited financial statements not required with annual returns.
BANK ACCOUNT OPENING