Set up a Mauritius Company
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.
Authorized Company
The Authorized Company is a license issued by the Mauritius Financial Services Commission (FSC) and shares common features with the abolished GBC2 company.
A Mauritius company incorporated by non-Mauritius residents where its place of effective management is outside of Mauritius may 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.
