Mauritius GBL Resident Company
Resident Company
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Mauritius GBL Resident Company Formation
Mauritius, officially the Republic of Mauritius, is an island nation in the Indian Ocean, about 2,000 km off the southeast coast of the African continent. The country includes the islands of Mauritius and Rodrigues and the outer islands. The area of Mauritius is 2,040 km2, with the capital at Port Louis, the largest city. Mauritius GBL Resident Company plays a vital role in the country’s economic landscape.
Since independence in 1968, Mauritius has developed from a low-income, agriculturally based economy to a middle-income diversified economy with growing industrial, financial, and tourism sectors. For most of the period, annual growth has been from 5% to 6%. The transformation of Mauritius owes much to the presence of Mauritius GBL Resident Companies.
The government’s development strategy focused on foreign investment. Thus, Mauritius has attracted more than 15,000 offshore entities, including Mauritius GBL Resident Companies, directed at commerce in South Africa and India. Investments in the banking sector have reached over 1 billion US Dollars.
Mauritius is one of the few countries with a hybrid legal system based on English and French law, which provides a favourable legal framework for Mauritius GBL Resident Companies.
Mauritius GBL (ex GBC 1) Companies are resident in Mauritius and consequently subject to tax. However, they benefit from tax credits and a longstop tax rate of 3%, making them an attractive option for international businesses.
Correctly structured and managed Mauritius GBL Resident Companies may access Mauritius’ network of 37 tax treaties, which can significantly benefit their tax position.
Mauritius GBL Resident Companies enjoy the advantage of not being subject to capital gains or withholding taxes, enhancing their competitiveness in the global business arena.
The presence of Mauritius GBL Resident Companies has helped establish Mauritius as a leading international financial and business hub in the Indian Ocean region.
Mauritius GBL Resident Companies contribute to the country’s revenue generation while benefiting from the favourable tax regime.
Investors often choose Mauritius GBL Resident Company formation due to the numerous advantages the jurisdiction offers.
Mauritius GBL Resident Company status has become synonymous with a tax-efficient and business-friendly environment in the Indian Ocean region.
For additional information about Mauritius GBL Resident Company, you can check the site Consil Formation.
Advantages Mauritius GBL Resident Company :
If you are interested in the Mauritius GBL Resident Company Formation, you can contact us any time.
Summary of Mauritius GBL Resident Company and main characteristics:
| General Information | |
|---|---|
| Type of company | Global Business Licence (GBL) |
| Corporate Legislation | Companies Act 2001 and licensed under the Financial Services Act 2007 |
| Taxation | Corporation Tax – 15%, 3% under certain conditions. Tax on Dividends – 0%, No capital gains taxation, no withholding taxes on the payment of dividends, interest or royalties. |
| Currency | Standard Currency US$ The share capital can be denominated in any currency, except MURs. |
| Paid up capital requirement | US$1 |
| Time zone | GMT+4 |
| Directors | |
| Minimum no. required | 2 |
| Local Director required | Yes, minimum two |
| Location of Meetings | Anywhere, but include at least 2 directors from Mauritius |
| Shareholders | |
| Minimum no. required | 1 |
| Location of Meetings | Mauritius, personal or through proxy voting |
| Company Secretary | |
| Required | Yes |
| Local Secretary required | Yes, local and licensed |
| Registered office required | Yes, local registered address |
| Share Capital | |
| Standard Currency | US$ |
| Standard Authorized Capital | 1,000,000 US$ |
| Minimum paid up capital | The minimum capital requirement for a Mauritius GBC1 is US$1 |
| Accounting Requirements | |
| Preparation of accounts | Required (can be completed by Consil Formation) |
| Requirement for audit | Required (can be completed by Consil Formation) |
| Accounts public accessible | No |
| Requirement to file Annual Return | A GBC 1 must file its audited accounts with the Financial Services Commission every year, within six months of the financial year end. No annual returns need to be filed. (can be completed by Consil Formation) |
| Further Information | |
| Bearer shares | No |
| Confidentiality | Yes |
| Nominee services | Available |
| Need to travel | No |
| Apostille | Yes, Hague Convention 1961 |
| Owners | Individuals or Corporate |
Register your Mauritius GBL Resident Company
- Document Notarization per document: € 500
- Bundle of documents Notarization;
- Document Apostillation per document;
- Bundle of documents Apostillation.