Mauritius Resident (Low Tax)Company

MAURITIUS RESIDENT (LOW TAX) COMPANY - GBC 1

Mauritius is an English speaking country in the Indian Ocean. It is a former British colony which became independent in 1968 and joined the Commonwealth. It is basically a parliamentary democracy in the British style.

It established a modern presence as an Offshore Financial Center, with the passing of the Companies Act in 2001. One form of offshore company is the Global Business Company, GBC Category 2 which is similar to the British Virgin Islands IBC. Click Here for GBC 2 Company Information.

The other form is a Mauritius Resident, GBC Category 1, low tax company.

This section deals with the GBC 1 Company. Unlike the GBC 2 Company, a GBC 1 is tax resident in Mauritius. It therefore has access to the many Double Taxation Treaties which Mauritius has signed with other countries.

Though the Double Taxation Treaties, GBC1 companies can benefit from low tax rates and tax credits on business and investments in partner countries. Typical business and investment destinations involve India, China, Thailand, Singapore and around 30 other countries. Click Here for the list.

OVERVIEW OF KEY FEATURES

Mauritius GBC1 Companies are taxed in Mauritius on foreign income at the rate of 15%. This however, can be reduced to an effective rate of 3%, by the application of foreign tax credits. There are no capital gains or withholding taxes and no limits on the carry forward of tax losses.

Interest on bank deposits is not taxable and dividends are tax exempt. Royalties, interest and service fees paid to foreign affiliates are allowed as expense items and royalties paid to non-residents are exempt.

There are no stamp duties, registration duties or other levies.

Unlike a GBC 2 company, a GBC 1 company can also be licensed to provide services as an Collective Investment Scheme (Offshore Investment Fund), Fund Administrator, etc. (Click Here for further information on Mauritius Offshore Investment Funds.)

QUICK REVIEW OF MAURITIUS GBC1 COMPANIES

MAURITIUS RESIDENT COMPANY GBC1 FEES

• Click Here for Typical Mauritius GBC 1 Incorporation Fees (PDF document - will open in new window)
• Compare Mauritius Company Fees to Other Jurisdictions
• Request a No-Obligation Quotation or Place an Order for a Mauritius Global Business Company - Category 1

OFFSHORE COMPANY MANAGEMENT SERVICES AVAILABLE

Nominee Directors & Shareholders, Accounting Services, Virtual Office, Mailing Address, Basic Account Maintenance, Invoicing Services, Employee Contracts, Document Safekeeping and general Corporate Services for company changes/ restructuring etc. More details are available on our Management Services page.

CONFIDENTIALITY

Confidentiality is strictly observed in terms of FSD Act. No person or body is authorized to disclose information or present documentation to any court, tribunal, committee or inquiry or other authority in Mauritius unless ordered to do so by a Court of Law on application by the Director of Public Prosecution for inquiry into the trafficking of narcotics and dangerous drugs, arms trafficking or money laundering, as defined under existing legislation.

The identity of Directors and Shareholders must be provided to the Registrar of Companies through the filling of a Consent Form on incorporation. Confidentiality however, can be maintained through the use of nominee Directors & Shareholders, provided by Maritime International Ltd.

NAME RESTRICTIONS

The following names requires the consent of the Minister to be used: Bank, Insurance, Assurance, Authority, Government, Mauritius, National, President, Presidential, Regional, Republic, State, Municipal, Chartered, Co-operative, Chamber of Commerce or any name which in the opinion of the Registrar is likely to suggest the patronage of any level of government in Mauritius or elsewhere.

SUFFIXES TO DENOTE LIMITED LIABLITY

The following can be used:

Limited or Ltd, Limitee or Ltee, Corporation or Corp., Incorporated or Inc, Societe Anonyme or SA and virtually any others recognized by other countries. Contact Maritime International Ltd if in doubt.

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