Mauritius is located in the Indian Ocean and has a highly open economy and business friendly environment. The government has worked to make business registration and operations easy and transparent according to best practices. Mauritius ranks highly for business climate and governance. There are three main types of business entities for foreign investors in Mauritius - GBC1, GBC2, and limited liability companies. GBC1 companies pay a maximum 3% income tax while GBC2 companies pay no tax but cannot conduct business locally. Requirements for business registration and operation vary between the three types but generally can be completed within 1-3 weeks.

1. FACT SHEET
Mauritius
Mauritius situated in the ‘golden triangle’ connecting Africa, Asia and Australia, Mauritius is the converging
point of global civilizations – a place where one can feel the cosmopolitan pulse of the world. The
government has ensured that doing business in and from Mauritius is easy and efficient and complies with
best practices in terms of transparency, good governance and ethics. Mauritius is ranked high in terms of
business climate and governance. Mauritius has one of the world’s most open economies to foreign
ownership and one of the highest recipients of Foreign Direct Investment (FDI) per
capita. Notwithstanding these strong rankings, there have been disincentives to foreign investment
Company Incorporation in Mauritius:
A GBC 1 companies a minimum of two local directors who must be natural persons are required and
board meetings must be held in Mauritius
A GBC 1 company minimum of 1 shareholder and same rule applies if the company is a wholly
owned subsidiary
A GBC2 company is a private company which does not conduct business with persons resident in
Mauritius nor conduct any dealings in Mauritian currency
Licensing in Mauritius:
License obtain from the Financial Services Commission and Registrar of companies
The license fee published by the local authority (municipality) for the current financial year must be
paid within 15 days of the start of business operations, and thereafter in respect of every subsequent
financial year in 2 equal installments
Accounting and Tax:
A GBC 1 is subject to a concessionary rate of income tax to a maximum effective rate of 3%
A GBC 1 is exempt from capital gains and no withholding tax on interest and royalties paid by a GBC
1 or GBC 2 to nonresidents
Income tax, under the Income Tax Act, domestic companies and companies holding a GBC1 benefit
from an income tax rate of 15%.
Corporations which hold a category 2 Global Business license (GBC2) are exempt from tax but not
considered as residents for tax purposes

2. FACT SHEET
Mauritius
Type: GBC 1 GBC 2 Limited Liability Company
Under Mauritius law,
foreigners can own 100% 100% 100%
Share Capital Not required Not required Not required
Directors Minimum Two Minimum One
Minimum two individuals
resident of Mauritius
Shareholders Minimum One Minimum One Minimum one
Memorandum and
Articles of Association Not mandatory Not mandatory Not mandatory
Can the entity hire
expatriate staff in
Mauritius
Yes subject to issue of
relevant permits No
Yes subject to issue of relevant
permits
Secretary Yes
Yes subject to issue of relevant
permits
Only in case of one person
company
Tax Registration
Certificate Required Yes No Yes
Statutory audit required
No, but an annual financial
summary needs to be submitted
to the Financial Services
Commission Dependent on turnover
How long to open
Corporate Bank Account One Week One Week One Week
Timeframe for
Incorporation: 2 -3 Weeks 1 -2 Weeks One Week
Annual Return Yes
No, but an annual financial
summary needs to be submitted
to the Financial Services
Commission Yes
Annual Tax
Yes
No
Yes
Access to Mauritius
double tax treaties Yes No Yes
For more details, please contact bc@intuitconsultancy.com
You can also visit www.intuitconsultancy.com