Company registration in Mauritius | ||||||
|---|---|---|---|---|---|---|
| Name of service | Package Standard | Package Full | Package Plus | Package Exclusive | ||
| Company registration, including the payment of state fees | + | + | + | + | ||
| Legal address for 1 year | + | + | + | + | ||
| Share certificate | + | + | + | + | ||
| Registered agent | + | + | + | + | ||
| Stamp of the company | + | + | + | + | ||
| Apostille of documents | + | + | + | + | ||
| Nominee shareholder for 1 year | – | + | + | + | ||
| Nominee director for 1 year | – | + | + | + | ||
| Issue of The Power of Attorney to one person | – | + | + | + | ||
| Corporate Account in Rietumu bank | – | – | + | + | ||
| Personal account in Latvian bank | – | – | – | + | ||
| Total cost | 6134 EUR | 6575 EUR | 6840 EUR | 6840 EUR | ||
| Annual service fee | 4367 EUR | 4809 EUR | 4809 EUR | 4809 EUR | ||
Order | Order | Order | Order | |||
General information
Mauritius island nation that is located on several islands in the Indian Ocean to the west of the African continent about a thousand kilometers away from Madagascar. The country includes several large islands, such as Mauritius and Rodrigues, as well as several smaller islands. Island ridge was discovered by the Portuguese in the sixteenth century and later the island was ruled by different countries. The island was managed by the Dutch Republic, France and finally Britain. In 1968 the island gained its independence and became part of the Commonwealth, and at the end of the twentieth century it got the status of the republic.
Along with the acquisition of independence, the national government has also acquired the economy with a sufficiently low income. However, making certain decisions, gave some progress and the Mauritian economy shows the model of diversified development. The main incomes come from tourism, financial services, textile manufacturing, sugar, and seafood, as well as the education sector.
The most common business entities
The most popular business registration type is PLC (public limited company). There are also the so-called global business companies, whose activities are regulated by the Financial Services Commission. There are 2 types of such entities- GBC1 and GBC2. Differences between them: preferred type of activity and international business location. To create an international company business GBC2 is more suitable.
The main features
Very liberal rules and regulations relating to the tax system and reports are applied to international companies.
Corporate legislation
Corporate legislation is based on common law, and the whole system of law exists on both English and French law features.
Registered capital
There are no certain requirements to the amount of the registered capital. The minimum allowable capital value is one dollar. The capital can be expressed in any currency, except the Mauritian rupee.
The main requirements for the directors and shareholders
GBC2 must have at least one director and one shareholder. There is no free access to directors and the shareholders’ register. It requires a written agreement of the Director to take the position. There is a requirement to have the annual shareholders’ meeting.
Disclosure of the company’s beneficial to the government bodies
Information on the beneficiaries is not freely available, it is only available to a number of officials in registration companies and for disclosure of information is necessary a particular complex procedure.
Accounting system
There is a requirement to keep and submit annual reports. They can be stored outside of Mauritius.