GBC v/s MAC
TABLE OF COMPARISON
Global Business Company |
Mauritius Authorised Company |
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Beneficial Owners |
- No publicly accessible records
- Shares can be held by nominee arrangements
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- No publicly accessible records
- Shares can be held by nominee arrangements
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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
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- 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
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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
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- Min of 1 directors required
- Corporate directors permissible
- No local director requirement
- No publicly accessible records
- Location of meeting can be anywhere
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Company Secretary |
- Management company to act as company secretary
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- Appointment of company secretary is optional
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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
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- Exempt from taxation in Mauritius
- No capital gains, nor withholding taxes
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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
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- Annual financial summary to be filed
- To file return of income to the MRA within 6 months of its year end
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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
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- 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
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Financial Services |
- Funds (Equity & Hedged)
- Investment Dealer, Investment Adviser, Fund Manager, Payment Services Provider, Insurance Broker
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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 an Offshore Company or need an advice for your needs, 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.