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Mauritius

Authorized Company (Private company limited by shares)

Mauritius is a politically stable jurisdiction and the largest international financial and business hub in the Indian Ocean region with a strong liberal economy, a reputable banking system and a wide offer of qualified professional services.

Since January 1, 2018, the Global Business License Category 1 (GBC1) has been modified and renamed as Global Business License (GBL), and the Global Business License Category 2 (GBL2) has been abolished and replaced by the ‘Authorized Company’ (AC) license.

The Authorized Company is a new license issued by the Mauritius Financial Services Commission (FSC) and shares common features with the abolished GBC2 company, and will be able to carry out the same type of activities.

A Mauritius company incorporated by non-Mauritius residents where its place of effective management is outside of Mauritius will be required to seek an Authorized Company status.

To determine the place of effective management all the relevant facts and circumstances that relate to the business activities of the company must be examined. Generally, a company shall be deemed to have its place of effective management in Mauritius if:

  • the strategic decisions relating to the company’s core-income generating activities are taken in, or from, Mauritius;
  • and the majority of the Board of directors’ meetings are held in Mauritius, or the executive management of the company is regularly exercised in Mauritius;

Companies with their place of effective management outside Mauritius and granted an Authorized companies status will be deemed non-resident for tax purposes (and thus be exempted from income tax) in Mauritius.

However, an Authorized Company will be required to submit a return of income to the Mauritius Revenue Authority (MRA) within six (6) months of its accounting year-end period.

Taxes

Corporate income tax – Companies with their place of effective management outside Mauritius and granted an Authorized companies status will be deemed non-resident for tax purposes (and thus be exempted from income tax) in Mauritius.

Other taxes – In Mauritius, there is no capital gains tax, real property tax, inheritance tax or estate duty, capital transfer tax, gifts tax or wealth tax. The main tax on resident individuals is an income tax at a 15% rate. To be a tax resident an individual must spend more than 6 months in the country in a year.

There is VAT at 15% levied on the supply of goods and provision of services.

  • Offshore Income Tax Exemption
  • Offshore capital gains tax exemption
  • Offshore dividends tax exemption
  • CFC Rules
  • Thin Capitalisation Rules
  • Patent Box
  • Tax Incentives & Credits
  • Property Tax
  • Wealth tax
  • Estate inheritance tax
  • Transfer tax
  • Capital duties
  • 0% Offshore Income Tax Rate
  • 0% Capital Gains Tax Rate
  • 0% Dividends Received
  • 0% Dividends Withholding Tax Rate
  • 0% Interests Withholding Tax Rate
  • 0% Royalties Withholding Tax Rate
  • 0 Losses carryback (years)
  • 0 Losses carryforward (years)
  • 15% Personal Income Tax Rate
  • 56 Tax Treaties

Country details

Mauritius
MUR
Port Louis
Africa
e n - M U , b h o , f r
1294104

The Republic of Mauritius is a sovereign island country located in the southwest of the Indian Ocean, about 900 kilometers from Toamasina, a town on the easternmost coast of Madagascar and approximately 3800 kilometers southwest of Cape Comorin on the southern tip from India.

In addition to the island of Mauritius, the republic includes the islands St. Brandon, Rodrigues and the Agalega Islands. Mauritius forms part of the Mascarene Islands, along with the French island of Reunion, about 170 kilometers to the southwest.

Mauritius is inhabited by about 1.4 million people. Its capital and the most populated city is Port Louis.

The people of Mauritius are multiethnic, multi-religious, multicultural and multilingual. The Mauritian Creole, French, English, and Bhojpuri are its vernacular languages, plus other 9 languages spoken in the territory.

Its official currency is the Mauritian rupee (MUR).

Mauritius is highly ranked for democracy and for economic and political freedom.

The Head of State of Mauritius is the President, who is elected for a period of five years by the National Assembly, the Mauritian unicameral parliament.

The National Assembly has 62 members elected by direct and popular suffrage and comprises between 4 and 8 members elected by minorities representing ethnic minorities, depending on the election results. The government is headed by the prime minister and a council of ministers.

Since its independence from the British in 1968, Mauritius has seen a dazzling evolution.

The island went from being a low-income country with per capita income, in which the economy was based on agriculture, to be a country with the status of an emerging and constantly developing country with intermediate incomes and a diversified economy based on a growing industrial, financial and tourism sector.

During this period of economic growth, the country grew at a rate of 5 to 6% per year. This result translates into a significant improvement in the quality of life and a significant increase in life expectancy, a decline in infant mortality and a great infrastructural development.

Regarding the primary sector, sugar cane accounts for 90% of crops and accounts for 25% of exports. Livestock in Mauritius mainly comprises porcine and caprine, and fishing is also an important source of income.

Its main industrial sectors are the textile, information and communications technology and seafood processing, as well as petrochemical and chemical industry in Port Louis.

Tourism is its more prominent sector and a significant source of its foreign exchange revenues. Mauritius is a growing tourism destination for its natural beauty and man-made attractions, multi-ethnic and cultural diversity of the population, tropical climate, beautiful beaches, and water sports.

The financial sector is a major economic pillar on Mauritius economy, with more than 10,000 offshore companies incorporated and a comprehensive offer of banking, insurance and reinsurance services, captive insurance managers, trading companies, ship owners or managers, fund managers and international corporation services.

Tax treaties

Country Type Date Signed
Singapore DTC  1995-08-19
Swaziland DTC  1994-06-29
Kuwait DTC  1997-03-24
Malta DTC  2014-10-15
China DTC  1994-08-01
Mozambique DTC  1997-02-14
Gabon DTC  2013-07-18
Senegal DTC  2002-04-17
Thailand DTC  1997-10-01
Australia TIEA 2015-03-10
Malawi DTC  2012-08-18
Croatia DTC  2002-09-06
Seychelles DTC  2012-08-18
Oman DTC  1998-03-30
Barbados DTC  2004-09-28
Zambia DTC  2012-08-18
Qatar DTC  2008-07-28
Kenya DTC  2012-05-07
Congo, Republic of the DTC  2010-12-20
Germany DTC  2011-10-07
India DTC  1982-08-24
Nigeria DTC  2012-08-10
Monaco DTC  2013-04-13
Luxembourg DTC  1995-02-15
Lesotho DTC  2012-08-18
Tunisia DTC  2008-02-12
Malaysia DTC  1992-08-23
Denmark TIEA 2011-12-01
Belgium DTC  1995-07-04
United Kingdom DTC  1981-02-11
Faroe Islands TIEA 2011-12-01
United Arab Emirates DTC  2006-09-18
Botswana DTC  1995-09-26
Uganda DTC  2003-09-19
Tanzania DTC  2012-08-18
Madagascar DTC  1994-08-30
Bangladesh DTC  2009-12-21
Finland TIEA 2011-12-01
Rwanda DTC  2001-07-30
Guernsey DTC  2013-02-06
United States TIEA 2013-12-27
Congo, Democratic Republic of the DTC  2012-08-18
Norway TIEA 2011-12-01
Italy DTC  1990-03-09
Namibia DTC  1995-03-04
France DTC  1980-12-11
Russian Federation DTC  1995-08-24
Cyprus DTC  2000-01-21
Greenland TIEA 2011-12-01
Pakistan DTC  1994-09-03
Sri Lanka DTC  1996-03-12
Iceland TIEA 2011-12-01
Zimbabwe DTC  1992-03-06
South Africa DTC  1996-07-05
Sweden DTC  2011-12-01
Nepal DTC  1999-08-03

Tax treaties Map

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Services

We can help you incorporate a Authorized Company (Company Limited by Shares) in Mauritius for $6,100.


Click here to incorporate your Mauritius AUTHORIZED COMPANY.

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Although we use our best efforts to keep the information of this site accurate and up-to-date, we make no representations or warranties with respect to the accuracy, applicability, fitness, or completeness of the contents of this website. We disclaim any warranties expressed or implied, merchantability, or fitness for any particular purpose. We shall in no event be held liable for any loss or other damages, including but not limited to special, incidental, consequential, or other damages. The contents of this website are just for illustrative purposes and are NOT to be considered as a legal opinion or tax advice and should not be relied upon as such. Far Horizon Capital Inc., and any associated company, is not engaged in the practice of law or tax. If you wish to receive a legal opinion or tax advice on the matter(s) in this website please contact our offices and we will refer you to an appropriate legal practitioner. Use of our websites FlagTheory.com, Incorporations.io, Residencies.io, Passports.io, is subject to our terms and conditions.

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