Mauritius Company Formation
Mauritius Island is recognized for its diversity in culture. Along with that, Mauritius is quiet peaceful. With a fast economic development since the year of 1991, and a fast establishment of Mauritius as a main center of offshore finance, the stable and established political surroundings of Mauritius add to its positivity and attraction. There is an effort being made at the government level in Mauritius to make the economy of the region better. There is an increasing in the interest of investors for investing in Mauritius from different parts of the world. Special interest is being shown in Banking. The island can be reached with ease, the telecommunication system is fairly good and the means that are used for travelling in the region are remarkable.
The typical form of IBC and the IC resemble with each other. In terms of a corporate body, IC is a more preferred option as it is less costly and the obligations imposed by the statute for IC are trivial and easy to follow. IC also gains more preference because of low government fee. No tax or exchange/currency control are imposed on a Mauritian IC. But, there is one drawback that a Mauritian IC does not get any advantage of any agreement signed about double-taxation between Mauritius and other countries. IC should belong to a person who is a non-resident of Mauritius and no business done with the locals of Mauritius and in Mauritian local currency. Also, IC cannot own a real estate or have any other benefit from the rest of the Mauritian corporations other than offshore companies. The activities that are relevant to shipping can be done more suitably with an IC, but such activities should not be conducted within the limits of Mauritius. Under Mauritius Flag registering the ships is the only permitted example of shipping activities. The transactions allowed to IC are relevant to banking, insurance business as well as business of re-insurance. International company can migrate to other jurisdiction out of Mauritius.
Following are the requirements for company incorporation in Mauritius:
Kindly have a look at the section of fee schedule for description of incorporation fee. However here is the summary of the fees structure:
Once your company incorporates, you will get; certificate of incorporation along with M & A five copies, and original formation documents and minutes.
It takes 1 to 2 weeks for company incorporation in Mauritius.
Offshore Bank Account
For the updated details on the facility of offshore bank account, please refer to the section of fee schedule.