A GBC can take advantage of double tax treaties applying reduced rates when receiving passive income. Profit received by such company is subject to corporate tax at the rate of 3%.
In order for a company to qualify as Mauritian resident and obtain a GBC licence, it must exercise management and control over conduct of business from within Mauritius. Under sec. 71(4) of the Financial Services Act 2007, management and control can stem from the following circumstances:
Also, in order to prove that management and control is exercised from within Mauritius, a GBC must meet at least one of the following criteria:
The registers of directors and shareholders are not public in Mauritius; the information does not appear in public sources.
A shareholder can be either an individual or a legal entity, wherever resident.
But the directors must be individuals only and resident in Mauritius too.
A GBC must have a secretary and a registered office in Mauritius, provided by a licensed management company or a law firm, if a company does not have an office of its own.
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Services
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Fees (USD)
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Total cost of a company with a bank account, including:
- incorporation with provision of original constitutive documents of the company and apostilled copies of such documents, share issue documents, and common seal; - licence, government fee and secretary fees for the first year of the company’s existence; - two nominee directors and a nominee shareholder for 1 year (residents of Mauritius)**; - local bank account opening (without visit). |
from 25 000
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Office rent in Mauritius:
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- finding premises, arranging the rent, including the drafting of a lease agreement and director’s resolution
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1 650
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- rent payments (monthly), depending on the location and size
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from 600 / month
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Tax Residency Certificate:
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- filing an application for the tax certificate
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1 280 (original) / 1 710 (apostilled)
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- renewal of the tax certificate
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1 410 (original) / 1 840 (apostilled)
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Preparing and filing financial statements
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100 – 400 / hour (depending on time spent)
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Compliance fee.
Payable in the cases of: - incorporation of a company, - renewal of a company, - liquidation of a company, - transfer out of a company, - issue of a power of attorney to a new attorney, - change of director / shareholder / beneficial owner, except the change to a nominee director / shareholder, - signing of documents. |
250 (standard rate – includes the check of 1 individual),
+ 150 for each additional individual (director, shareholder, or beneficial owner) or legal entity (director or shareholder) if such legal entity is administered by GSL, + 200 for each additional legal entity (director or shareholder) if such legal entity is not administered by GSL, 350 (rate for high-risk companies, including the check of 1 individual), 100 (signing of documents). |
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Subsequent annual maintenance (starting from the second year):
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Secretary fees, including registered office, annual licence and government fees
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8 250
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Two nominee directors for 1 year (residents of Mauritius)
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5 390
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Nominee shareholder for 1 year (optional)
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2 090
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Additional services (if necessary):
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Apostille of a document
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920
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Notarization of a document
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670
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Additional apostilled set of constitutive documents
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from 920
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Delivery of documents by courier mail
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250
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*The fees are valid as of March 2023.
**Directors charge additional fees based on hourly rates for reviewing and analyzing documents to be signed.