MAURITIUS AUTHORISED COMPANY (MAC)

Mauritius Authorised Companies are incorporated under the Companies Act 2001, as amended and licensed by the Mauritius Financial Services Commission (FSC). Mauritius Authorised Companies are mainly set up for those companies who:
  • propose to conduct or conduct business principally outside of Mauritius or with such category of persons as may be specified in the FSC rules; and
  • have their place of effective management outside Mauritius

Mauritius Authorised Companies may commonly be used for:

  • Investment holding
  • Property holding (real estate or other property)
  • Wealth protection
  • E-commerce
  • International trade
  • Trade invoicing
  • Intellectual Property Ownership
  • Consultancy Services (non-financial)

Taxation

A Mauritius Authorised Company is treated as a non-resident scheme for tax purposes in Mauritius. However, a Mauritius Authorised Company is required to file a return of income to the MRA within 6 months of its year end.

The following transitional period is available to existing GBC2 companies:

       

Transitional Period for existing GBC2 companies

  GBC2 Licence issue date   Grandfathering
  On or before 16 October 2017   Grandfathered up to 30 June 2021
  After 16 October 2017   Grandfathered up to 31 December 2018


After 31 December 2018 or 30 June 2021, as applicable, the GBC2 licences will lapse and companies will need to comply with the prescribed guidelines as laid down by the FSC.

TABLE OF COMPARISON


Global Business Company Mauritius Authorised Company
       
Beneficial Owners
  • No publicly accessible records
  • Shares can be held by nominee arrangements
  • No publicly accessible records
  • Shares can be held by nominee arrangements
       
Shareholders
  • Minimum of one shareholder
  • Corporate shareholder permissible
  • No local shareholder requirement
  • Location of meeting can be anywhere
  • No publicly accessible records
  • No bearer shares permitted
  • Minimum of one shareholder
  • Corporate shareholder permissible
  • No local shareholder requirement
  • Location of meeting can be anywhere
  • No publicly accessible records
  • No bearer shares permitted
       
Directors
  • Min of 2 local resident directors required for access to DTAs
  • No corporate directors permissible
  • No publicly accessible records
  • Meeting to be chaired from Mauritius to avail from DTAs
  • Min of 1 directors required
  • Corporate directors permissible
  • No local director requirement
  • No publicly accessible records
  • Location of meeting can be anywhere
       
Company Secretary
  • Management company to act as company secretary
  • Appointment of company secretary is optional
       
Incentives
Introduction of an 80% exemption regime on the following income:
  • foreign dividend, subject to amount not allowed as deduction in source country
  • foreign source interest income
  • profit attributable to a permanent establishment of a resident company in a foreign country
  • foreign source income derived by a collective investment scheme (CIS), Closed End Funds, CIS Manager, CIS administrator, investment adviser or asset manager licensed or approved by the FSC
  • income derived by companies engaged in ship and aircraft leasing
  • Exempt from taxation in Mauritius
  • No capital gains, nor withholding taxes
       
Accounts & Return
  • Annual audited account to be filed
  • No publicly accessible records
  • No annual company return filing to be done
  • Quarterly and annual tax filing requirement
  • Annual financial summary to be filed
  • To file return of income to the MRA within 6 months of its year end
       
Others
  • No stamp duties on transfer of shares
  • FSC Processing fees of USD 500
  • FSC License fee of USD 1,750
  • Annual registration fee of USD 300
  • Re-domiciliation possible
  • Access to over 40 DTA treaties
  • No stamp duties on transfer of shares
  • FSC Processing Fee of USD 150
  • FSC Annual licence fee of USD 350
  • Annual registration fee of USD 100
  • Re-domiciliation possible
  • No Access to DTA treaties
       
Financial Services
  • Funds (Equity & Hedged)
  • Investment Dealer, Investment Adviser, Fund Manager, Payment Services Provider, Insurance Broker
  • Not allowed
       


The above information is for guidance only and therefore the material contained herein should not be regarded, viewed or considered as an advice. You should contact your tax or professional adviser/s for appropriate detailed professional advice. We accept no liability for the accuracy of the information contained herein, nor any loss arising from reliance on it.

If you require a Mauritius Authorised Company, please call our Expert Team who can assist you with your requirements. You are invited to call us at (230) 245 6703. You may send your enquiries by email: contact@premier.mu or by fax at (230) 245 6704.

 
           
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