Offshore Mauritius

Open a Company in Mauritius

Offshore Mauritius – it is both a state and an island in the Indian Ocean. Until 1968, the country was a colony of Great Britain, but now it is an independent state. The main areas of the economy – tourism, industry, finance sector. How an offshore zone attracts foreign investors with low taxes and high reputation.

Mauritius is on the "white list" OECD, in Ukraine – in "black". Treaties on avoidance of double taxation are concluded with about 50 states. Ukraine is not on the list.

The capital of the state – Port Louis, monetary unit – Mauritian rupee (MUR). Offshore activities are governed by the Companies Act 2001 and the Offshore Business Act.

Offshore companies in the country can engage in any business that is not prohibited by law. Banking, insurance, trust services require a license. Operations with resident companies are prohibited. There is no currency control.

Organizational and legal forms of companies

1. Global Business Company (GBS) I (residential class). Such companies pay taxes, but information there is no information about directors and owners in the register. There are no minimum capital requirements. Meetings of directors or their deputies in Mauritius are obligatory. Registration GBS I – time-consuming and costly procedure.
2. Global Business Company II (non-resident class). Completely non-resident companies that do not operate in the country, but also do not pay taxes. There is no minimum capital set. The organization must have at least one director and one shareholder – resident or non-resident, individual or legal entity. There are no requirements for the venue of meetings of directors. Information about the founders is confidential. In this case, you can also use a nominal service.
3. Limited partnerships. Composed of directors and limited partners. The latter are more protected, but they do not manage the company and cannot issue documents. The form is quite new, only becoming popular.
4. Global Business Licenses (GBL). Companies that engage in licensed activities. I group – residents, II – non-residents.

Today it is possible to open a business in Mauritius, but to buy a ready-made company – no.

Taxes and reporting

Resident companies pay corporate tax in the amount of 15% to the treasury – upon receipt of income in the country, 3% – if the profit is received abroad. The norms of legislation on the exclusion of double taxation are also taken into account. Offshore companies are exempt from taxes.

The annual fee for GBS I is $1570, for GBS II – $200.

For GBS I, GBL I, the submission of annual reports and audit is mandatory, there is no such requirement for non-residents.

Interested in business in a reliable jurisdiction such as Mauritius? Contact Crystal Tax specialists. We will help you collect the necessary documents, open an offshore company and, at your request, we can provide annual support. Call. We will answer all your questions.