General information

Board of Directors

It is mandatory for the board to have 2 resident directors which will be provided by Offshorelicense

Disclosure requirements

• The proposed company will be required to file its audited financial statements and tax return within 3 months from its balance sheet date

Local presence (optional and in the long term)

• As a strategy, we would propose that the company has a local presence by employing local staff. This local presence will be shown through a Mauritian support office

Taxation  

• No tax on income and dividends
• No capital gains and inheritance tax
• No exchange control restrictions
• Free repatriation of profits, dividends and capital
• 100% foreign ownership
• No stamp duty and no capital duty levied on the issue of share capital
• The company will be taxed on its chargeable income (including dividends, interests and other income but not capital gains less expenses) at a corporate rate of 15% which is reduced to a net effective tax rate of 3% or even less *

*The standard corporate income tax rate is 15% in Mauritius. But for an offshore company which holds a Category 1 Global Business License, the tax rate is reduced to 3% since such companies benefits from a tax credit of 80% (on 15%). The effectively tax rate of 3% can be further reduced by offsetting the tax already suffered outside Mauritius and hence, the income tax rate can be further decreased to 0%.

The tax is payable after the audited financial statements have been submitted to the authorities and within 6 months from the balance sheet date. Offshorelicense being the administrator of the proposed company will arrange for all payments and filings.