Licensing Criteria and Procedures for Applying for Mauritius Global Business License
Company structure
- Minimum 2 shareholders (no nationality restrictions for physical shareholders)
- Minimum 2 resident directors (no nationality restrictions for physical shareholders)
Taxation
- No tax on income and dividends;
- No capital gains and inheritance tax;
- No exchange control restrictions;
- Standard corporate tax rate of 15% is reduced to a net effective tax rate of 3%;
- Free repatriation of profits, dividends and capital.
Accounting and Audit
- A Securities Dealer is required to have its accounts audited annually by an auditor.
- The applicant must put forward at the time of application, the designate auditor for approval by the authority.
- The auditor can be from any jurisdiction as long as they meet the criteria as per the Act.
Registered Agent - Required
Registered office - Required
Secretary – Required
Authorized Representative – Required
- Every principal applicant (The designate Securities Dealer) must be accompanied by at least one authorized representative who must be an individual.
- A director can apply to be an authorized representative as long as they meet the fit and proper criteria to act as an authorized representative.
Entity requirements
- The entity making the application is a Seychelles Domestic company under the companies’ ordinance 1972 or its successor.
In order to obtain a license, the following steps will be carried out:
- Collection of the information
- Company incorporation
- License Application preparation
- Filing of the application
- Procuring of office
- License approval
- Post License Compliance
In order to obtain license, Offshorelicense will fill all necessary application forms and also acquire apostilled corporate documents.
For that reason, please provide us with the following documents:
- Curriculum Vitae
- Recent Employment reference (Certified Copies can Suffice)
- Professionals referee details (2 per individual)
- Bank reference (Must be in Original)
- Passport Copy (Certified Copies can Suffice)
- Proof of address (Certified Copies can Suffice)
- Police Criminal Certificate (Certified Copies can Suffice)
- Tax Certificate (Certified Copies can Suffice)
- Academic and Professional Qualification Certificates (Certified Copies can Suffice)
In case the shareholder is a company, it is required to provide:
- Certified true copy certificate of registration
- List of shareholders
- Copy of the last annual/financial return
- Apostilled Certificate of Good Standing
Additional Due diligence may be prescribed by Financial Services Commission*:
- Original documents that proof of source of capital
All documentation shall be provided in English*
* Additional documents may be requested by the FSA or local Bank at any point to certify specific information
* If documents are not in English, then they must be accompanied by a notarized translation