Mauritius mixes about all the features for an ideal offshore location. It is a self-governing sovereign State with an economy of substance. It is politically stable and is outfitted with the state of the art telecommunication technologies. It has a large supply of bilingual professionals trained in Europe and the US. The nation has a vibrant banking system with only globally famous banks operating in an exchange control free atmosphere. Mauritius has an expanding network of dual taxation which allow for effective tax planning.

Timeframe: Within 6 months

Minimum Capital requirement:

  • Investment Dealer (incl. underwritting) – Pound 219,000*
  • Investment Dealer (excl. underwritting) – Pound 219,00

Overview

An organization applying for a GBL1 license shell pass the examination of attending business outside Mauritius. An appellant for a Forex License is needed to present the relevant application to the FSC.

Under the Financial Services Development Act, a GBL 1 Company is established as a business engaging in any certified global company activity, including those associated in gathering funds from the public and those who need investor’s protection under the same enactment and those who carry on business in a currency other than the Mauritius Rupee.

A Forex License grants to carry out following marketing activities:

  • Act as a full-service Forex trader
  • Act as a mediator, about the accomplishment of securities activities
  • Trade in securities as a head with the purpose of reselling these securities to the public
  • Information about the investment issues

Main Advantages

  • Mauritius Company represents a good image to your Clients
  • Excellent reliability for outstanding trade operations
  • Exclusion from stamp charges, registration charges or other such charges
  • Royalties paid to non-residents are spared from taxes
  • Great confidentiality, no public records
  • A bank account in Mauritius
  • Not blacklisted

* It allows to support or distribute securities on part of an issuer or a holder

Notable features

General information

Company structure

  • At least one shareholder (no nationality limitation for physical shareholders)
  • At least two resident directors*

Taxation

  • 0% Income Tax
  • 0% capital gains and inheritance tax;
  • No exchange control constraints;
  • Standard corporate tax rate of 15% is decreased to a net effective tax rate of 3%;
  • Free repatriation of earnings, dividends, and capital.

 Accounting and Audit

  • The Organization will be obligated to file inspected financial records and tax return within 3 months from its balance sheet date.
  • The audit needs to be done from Mauritius.
  • The authorities may do a half-yearly inspection of the Company.
  • Accounting reports should be held at the local offices of the administrator.
  • Registered Agent – Needed
  • Registered office – Needed
  • Secretary – Needed

Company name

  • Language: English or French
  • Restricted any name that is same or related to an existing business or name that implies the support of the President or the Government of Mauritius.
  • The following names or their derivatives needing Approval or a License: Bank, insurance, assurance, government, municipal, trust, Chamber of Commerce, royal, chartered, co-operative, buildings society, imperial,  state or any name which in the opinion of the Registrar suggests the patronage of the President or the Government of Mauritius.
  • Following suffixes may be utilized to indicate limited responsibility: Limited, Sociedad Anónima, Corporation, Société Anonyme à Responsabilité Limitée, Incorporated, Public Limited Company, Proprietary, Société Anonyme, Berhad,  Naamloze Vennootschap, Besloten Vennootschap, Aktiengesellschaft or the relevant abbreviations.

*Needs to be properly suited to practice independence of mind and judgment

Procedure

In order to receive a license, the subsequent actions will be carried out:

  • Application for booking of the company name
  • Development and submission with the FSC for the form of a Global Business Company Category 1 License
  • Development and submission of the form and incorporation records to the Registry
  • Establishment of the business
  • An opening of the local bank account
  • Obtaining the License
Documents

In order to obtain a license, Startup Formations will fill all required paper forms and also get apostilled corporate documents.  For that purpose, kindly present us with the following records.

  • Notarized copy of the original passport of all of Director or Shareholder
  • Notarized copy of proof of residence
  • Two Character recommendation Letter published by professionals (of all Director and Stockholder)
  • Bank reference (of all Director)
  • Detailed CV dated and signed by the applicant (of each Director and Shareholder)
  • Certified Diplomas of Higher Education
  • Notarized criminal record
  • Complete business plan
  • Manuals: method manual, privacy policy, emergency recovery plan, grievances handling policy, Anti Money Laundering policy, security policy, and methods