(1)     General

Type of Company	Authorised Company (i.e. AC)
Political Stability	Good
Currency	Mauritian Rupee
Exchange Control	Nil
Common or Civil Law	Hybrid Common Law for corporate matters.
Disclosure of Beneficial Owner	Yes
Migration of Domicile Permitted	Yes
Tax on Offshore Profits	Nil
Language of Name	English or French

(2)     Corporate Requirements

Minimum Number of Shareholders	One
Minimum Number of Directors	One
Bearer Shares Allowed	No
Corporate Directors Permitted	Yes
Company Secretary Required	No (Optional)

(3)     Local Requirement

Registered Office/Agent	Yes
Local Directors	No
Local Company Secretary	No
Government Register of Directors	Yes
Government Register of Shareholders	Yes

(4)     Annual Requirements

Annual Return	Yes
Submit Accounts	Yes

(5)     Recurring Government Costs

Minimum Annual Tax/Licence Fee	US$350 to Financial Service Commission (FSC) US$65 to Registrar of Companies (ROC)
Annual Return Filing Fee	N/A

Mauritius is situated in the Indian Ocean approximately 800 km off the East Coast of Madagascar.

The followings are the brief information of the location:

(1)      Population

The population of the Island is approximately 1,250,000 made up principally by people of European, African, Indian and Chinese origin. Mauritius takes pride in the fact that these different cultures co-exist in peace and succeed in creating a cultural entity that is distinctly Mauritian.

(2)      Political Structure

The British ruled Mauritius for 158 years until 12 March 1968 when it became an independent country within the Commonwealth. The Republic of Mauritius is a Westminster style democracy. The President is the Head of State and Commander in Chief. Full executive power rests with the Prime Minister who is Head of Government. The Members of Parliament are elected every five years by popular vote and a number of political parties contest the elections, reflecting the country’s firm commitment to a multi-party political system.

 
(3)      Economy

Since independence in 1968, Mauritius has developed from a low income, agriculturally based economy to a middle-income diversified economy with growing industrial, financial, and tourism sectors. For most of the period, annual growth has been of the order of 3% to 6%.

The government’s development strategy centres on foreign investment. Mauritius has attracted more than 15,000 offshore entities, many aimed at commerce in India and South Africa, and investment in the banking sector alone has reached over US$1 billion.

The Gross National Income per capita at market prices reached 438,345 rupees in 2019. Unemployment rate for 2019 is estimated at about 6.7 % while inflation stood at 4.7%.

(4)      Language

English is the official language. However, the Mauritian population is largely bilingual, being equally fluent in English and French. Creole is also spoken and understood by everyone.

(5)      Principal Corporate Legislation

(a)  The Companies Act 2001

(b)  Financial Services Act 2007

(c)  Finance (Miscellaneous Provisions) Act 2018

(1)      Type of Company for International Trade and Investment

A Company holding an Authorised Company License which is similar to a British Virgin Island International Business Company and is non-resident for tax purposes.

(2)      Procedure to Incorporation

Submission of the Constitution and a Certificate from the Registered Agent confirming compliance with the requirements of the Ordinance. The application must be supported by a Legal Certificate issued by a local Lawyer certifying that local requirements have been complied with. Finally, directors and shareholders must execute consent forms and these must be filed with the Registrar of Companies.

 
(3)      Restrictions on Trading

An Authorised Company cannot trade within the Republic of Mauritius. The company must be controlled by a majority of shareholders with beneficial interest who are non-Mauritius citizens and the company must have its place of effective management outside of Mauritius.

(4)      Powers of Company

A company incorporated in the Republic of Mauritius has the same powers as a natural person.

(5)      Language of Legislation and Corporate Documents

The legislation is in English, the documentation may be expressed in any language but must be accompanied by a certified English translation.

(6)     Shelf Companies Available

No

(7)      Name Restrictions

Any name that is identical or similar to an existing company or any name that suggests the patronage of the President or the Government of Mauritius.

(8)      Names Requiring Consent or a Licence

The following names or their derivatives: assurance, bank, building society, Chamber of Commerce, chartered, co-operative, government, imperial, insurance, municipal, royal, state or trust or any name which in the opinion of the Registrar suggests the patronage of the President or the Government of Mauritius.

(9)     Suffixes to Denote Limited Liability

An Authorised Company does not require a suffix in Mauritius. 

(1)      Stated Share Capital

There is no limit to the number or value of shares that can be issued.

(2)      Classes of Shares Permitted

Registered shares, preference shares, redeemable shares and shares with or without voting rights.

(3)      Taxation

An Authorised Company does not pay any tax on its worldwide profits (except in Mauritius) to the Authorities.

(4)      Licence Fees

(a) US$ 350 per year to FSC.

(b) US$ 65 per year to ROC.

(5)      Financial Statement Requirements

Companies holding an Authorised Company License are required to maintain financial statements to reflect their financial position and must file the same to the Authorities. Yet, this document does not need to be audited and is unable to be accessed by the public.