A Mauritius private company holding Authorized Company license from the Financial Services Commission would be deemed as a non-resident for tax purposes and thus will be exempt from income tax in Mauritius.
Frequently Asked Questions
Corporate taxation for Authorized Company in Mauritius
What is the applicable tax rate for an Authorized Company in Mauritius?
How to qualify for Authorized Company license?
The application for Authorized Company license has to be made through a Mauritius licensed management company. The company has to meet the following conditions before applying for the license:
- Proposes to conduct its business principally outside Mauritius;
- Has its place of effective management outside Mauritius;
- The majority of shares or voting rights, other than a bank licensed by the Bank of Mauritius, are held or controlled by a person who is not Mauritius residents.
What types of entities can an Authorized Company (AC) be incorporated in Mauritius?
Only a private company can apply for AC license. A private company can be incorporated in the form of company limited by shares.
Minimum number of directors/shareholders and requirements on nationality and qualification?
The company should have one director who can be of any nationality. The minimum shareholder is one and the maximum is 25. Corporate directors/shareholders is allowed.
An Authorized Company doesn’t need to appoint a company secretary, but must have a registered agent who is a licensed management company in Mauritius.
Publicity of information
Personal details of directors/shareholders are not open to the public. However, any changes made to registers of company directors/shareholders or ultimate beneficial owners must be notified with the Registrar.
Minimum registered capital and paid-up?
There is no minimum capital requirement and share capital can be expressed in any currency.
Classes of shares permitted?
Registered shares, preference shares, redeemable shares, shares with or without voting rights, and par value or non-par value shares.
An Authorized company needs to maintain at least one local director, one shareholder, a registered address in Mauritius and a local registered agent. The company must also file annual return together with financial statements.