ritius, known as an offshore jurisdiction par excellence has called on finance professionals to register their companies and open their offshore accounts. 
If you want to do business from Mauritius with an offshore company entity, here we show you what are the types of companies available. 

In the jurisdiction a Global Business Company (GBC) can be registered, this entity can be configured with a minimum required capital of USD 1, a shareholder and two directors who must habitually reside on the island.

The Financial Services Commission frequently requests additional evidence that the company is managed from Mauritius, including a local corporate bank account. 

It is also permissible to provide financial and insurance services, provided that the local authorities have granted a license for this purpose.

This form of company is considered a resilient entity and will therefore have to pay taxes in Mauritius on its global profits, but at an attractive rate of 3% compared to 15% of other resident companies. 

This scheme can allow the company not to pay corporate taxes in other countries and benefit from the exemption from withholding taxes on dividends and interest remitted by one of the 44 countries that have signed the agreement to avoid double taxation.

To benefit from the Mauritius corporate income tax reduction, GBC companies must meet some background requirements such as, an investment holding company with minimum local expenses of USD 12,000, at least one staff member residing in Mauritius (can increase to two persons for entities with a turnover of between 100 million and 500 million US dollars annually).

This type of business entity is recommended for carrying out activities, as well as regulated services that require a license, for example, financial services or insurance.

As in all jurisdictions, Limited Liability Companies are available in Mauritius, here foreigners can register limited liability companies in Mauritius with two partners, who can be non-residents and limited partners, a minimum capital of USD 1 per partner and a manager who must reside on the island.

After the registration of the partnership, it is necessary to obtain a GB license, or the partners will be subject to Mauritius personal income tax on the income channeled through the entity. If a GB license is chosen, the manager must have a license as a management company with the Mauritius Financial Services Commission.

Currently, Mauritius LLPs are only authorized by the Financial Services Commission to offer consultancy and advisory services and/or legal services (a license is required to offer the latter services). However, Mauritian authorities are expected to expand the categories of activities legally permitted for a Mauritius LLP.

It is important to mention that a Mauritius limited liability company is a good vehicle for the provision of legal and consulting services by foreign partners residing in several countries.

if you want an entity that is not considered a resident for tax purposes, you must register an Authorized Mauritius Company, the authorized company can be established with a minimum capital of USD 1, a shareholder and a director who does not need to be resident in Mauritius.

The creation of this company requires a resident agent who is in charge of maintaining the company's records.

This entity does not have to pay corporate tax on net profits. It is mandatory for an authorized company to file an income statement with the Mauritius Revenue Authority. 
Licensed companies must conduct business and have their place of effective administration outside Mauritius. It can be used for international trade or as holding vehicles.
If you wish to register a company in Mauritius, Foster Swiss can advise you. We help you in practically everything: we provide advice from the moment you choose a corporate structure for your company until even one year after you have incorporated your company. And of course we take care of the whole process for you.
For more information on this topic or any requirement related to our services, you can contact directly through info@fosterswiss.com