MAURITIUS company formations

MAURITIUS

Please select which you require:

  1. GLOBAL BUSINESS LICENCE CATEGORY 1 (“GBL1”):
  2. GLOBAL BUSINESS LICENCE CATEGORY 2 (“GBL2”):

 

 

MAURITIUS Global business licence Category 1 (“GBL1”):

(fees quoted are exclusive of VAT)

 

Requirements:

  • Standard authorised share capital is US$1,000,000; Minimum requirement is 1 share of $1 each;
  • There must be a minimum of 1 shareholder (corporate shareholder allowed);
  • It is a requirement to appoint a resident company secretary – we shall arrange for the appointment of our nominee resident company secretary;
  • There must be a minimum of one resident Director.
  • Two Resident directors are required to establish Tax Residency, which we shall provide.
  • Details of overseas Directors must be provided, including name, address and copy of passport.
  • Registers of Directors and Shareholders must be filed with the Registrar.
  • Annual general meetings are required.
  • Audited accounts and Annual Returns are required.

Restrictions

  • Cannot issue bearer shares
  • Cannot deal/transact with Mauritius Residents*
  • Cannot deal in Mauritian Currency*
  • Cannot hold shares, debentures, and interest in a company, societe and association*

* Permitted only if the Financial Services Commissions grant authorisation.

Information required:

  • Three alternative names for approval;
  • Principal activities of the company;
  • Source of funds invested with an estimate for three years of amounts to be invested, sectors of economy invested in, and expected income and expenses;
  • The Offshore Authority will need a copy of passport and full CV of the ultimate beneficial owner including the following information:
  1. name, nationality and residential address;
  2. career history including full educational background;
  3. present occupation;o main source of revenue;
  4. if the ultimate beneficial owner is a corporation with a large shareholder base, also required are a certificate of incorporation and a copy of the latest audited accounts and annual reports.
  • Original letter of comfort from bank of international repute on the ultimate beneficial owners;
  • Name and address of offshore banker in Mauritius;
  • Name and address of auditors;
  • Advise details of financial year end;

Time to incorporation:

Applications for Mauritius Offshore Resident companies are decided by the Technical Committee of the Mauritius Offshore Authority which meets weekly (every Friday). The application, supported by all necessary documentation, needs to be submitted a week before the meeting. The incorporation process and obtaining of the Offshore Certificate can be finalised within 3-4 working days of notification (usually next working day) of approval to enable the company to start business.

Fee's
Incorporation of a company including preparation and submission of application for a certificate to the Offshore Authority, incorporation documentation, obtaining of Tax Residence Certificate, opening of an offshore bank account, first year registered office and registered agent, resident company secretary, two resident professional directors, preparation of year end accounts.
 £4,500
MOBAA Licence Fee, £ 400
MOBAA Processing Fee £1,225
Out of pocket amount estimated at £ 100
Total first year costs £6,225
Thereafter, annual fees:
Registered office and registered agent, resident company secretary, resident professional directors, preparation of year end accounts £3,000 p.a

Government Annual Licence Fee
£1,225p.a
Nominee shareholder (each) (optional)Disbursements will be charged at cost. £200 p.a

 

PLEASE NOTE WE REQUIRE ALL CLIENTS TO SATISFACTORILY COMPLETE OUR DUE DILIGENCE REQUIREMENTS AND COMPLY WITH THE MONEY LAUNDERING REGULATIONS 2007.

 

MAURITIUS Global business licence CATEGORY 2 (“GBL2”):

(fees quoted are exclusive of VAT)

 

Requirements:

  • There must be a registered office and a registered agent in Mauritius.
  • There must be a minimum of one director (corporate director allowed) and one shareholder.
  • Bearer shares are not permitted.
  • There is no requirement for a company secretary to be appointed.
  • The statutory books can be maintained outside Mauritius.
  • There are no statutory or accounts filing requirements.
  • Annual General Meetings are optional.
  • The company will not be subject to corporation tax in Mauritius, The only government fee payable is the Government Annual Licence Fee as mentioned above.
  • Accounting and audit fee (estimate - £400.00)

Restrictions:

  • Cannot raise funds from public.
  • Cannot utilise Mauritius’ network of tax treaties.
  • Cannot deal/transact with Mauritius Residents.
  • Cannot deal in Mauritian Currency.
  • Cannot hold shares, debentures and interest in a company, societe and association.

  Time to incorporation:7 days.

Fee's
Incorporation of a company registered in Mauritius/ Ready-made company
 £ 750
Government licence fee (based on authorised share capital of USD $50,000) £ 140
Registered agent and registered office
 £ 700
Total first year costs £1,590
Thereafter, annual fees:
Registered agent and registered office
£700 per annum
Annual government licence fee
£140 per annum
Nominee director
£250 per annum
Nominee shareholder (each) £125 per annum

Maintenance Services

Fees will be charged for additional services performed at our normal rates. Such fees are usually based upon time spent and seniority of staff commensurate with the complexity, urgency and responsibility involved and for work of an unusual or exacting nature. These fees are normally invoiced quarterly in arrears and invoices are payable upon receipt.

PLEASE NOTE WE REQUIRE ALL CLIENTS TO SATISFACTORILY COMPLETE OUR DUE DILIGENCE REQUIREMENTS AND COMPLY WITH THE MONEY LAUNDERING REGULATIONS 2007.