Company registration in Mauritius
Registration of a Foreign Company in the Republic of Mauritius and Opening of a Bank Account
General Information
The legal form of doing business in the Republic of Mauritius is establishment of a Mauritius Authorised Company (MAC).
Mauritius Authorised Company (MAC)
Mauritius Authorised Companies, being an analogue of international offshore companies, are exempt from tax liabilities in the Republic of Mauritius. An authorised company is not a tax resident in Mauritius and only pays fixed government fees for company registration and its annual renewal. Authorised companies do not pay corporate income tax. Neither they pay capital gains tax. Nor are they subject to withholding tax on interest, royalties, and dividends.
An authorised company is deprived of the opportunity to utilize the DTA (Double Tax Agreement).
There are no audit requirements for MACs.
An authorised company can be reorganised into a Global Business Company.
Corporate requirements for an authorised company:
- Registration form: Mauritius Authorised Company;
- Authorised capital: no minimum requirements. USD $1,000 or more is recommended;
- Director: any individual;
- Shares: registered shares, preferred shares, redeemable shares, and voting shares or non-voting shares. No bearer shares are allowed;
- Shareholders: any individual or legal entity;
- Permitted activities. MAC is often used for:
- Investment management;
- Property management (real estate or other property);
- Wealth protection;
- E-commerce;
- International trade;
- Trade factoring;
- Holding intellectual property;
- (Non-financial) advisory services;
- Bookkeeping is mandatory. Annual financial reporting to the Mauritius Financial Services Commission.
The following is required to register a company
- A notarised copy of the beneficiary’s civil passport;
- Original/notarised copy of the document certifying the beneficiary’s address of residence (utility bill, Internet services bill, etc) no older than 3 months;
- Bank recommendation;
- CV;
- A document certifying the beneficiary’s financial status;
- Filling out forms as part of the KYC procedure.
Company Registration Procedure
- Step 1: Document and information review; initial KYC and sanctions check; setting up your profile and submitting a complete set of documents to the Compliance and Registered Agent for pre-approval.
- Step 2: If you’ve successfully passed the pre-approval process, then all the required documents to establish a company and to prepare and sign a lease agreement, management agreement, and other documents are submitted.
- Step 3: The final stage, where a complete set of documents is submitted to the bank to open a bank account for the company.
Bank Account Opening
We work with the following banks in Mauritius:
The main advantage of registering a company and opening a bank account in Mauritius is remote operation and no need for personal visits to the bank.
List of documents when opening an account:
- Business profile of the company (we will send a questionnaire for the business profile to be compiled);
- Scanned copies of the passports of the director, shareholder, and beneficiary of the company;
- Confirmation of the address of the director, shareholder, and beneficiary — utility bill;
- CV.
Cost of Services
Company registration costs EUR 7,000:
- Company registration
- Address registration
- Obtaining an FSC license
- Assistance in opening one bank account with one of the proposed banks
Company registration renewal (from the second year onwards) costs EUR 7,500
Optional services:
- Certificate of Incumbency/Good Standing costs EUR 500
- Apostille (per document) costs EUR 500
