Mauritius Offshore Company

Mauritius, which was a former British Colony, is an English speaking country in the Indian Ocean. It attained independence in 1968 and joined the Commonwealth. It has established itself as a modern international financial hub. Offshore business activities became a vital part of Mauritius from the year 1992 when the Mauritius Offshore Business Activities Act came into force. Mauritius started offering a range of very attractive incentives to offshore business investors. As Mauritius has established a network of double tax treaties with the important countries in the region, it is popularly chosen by firms who intend setting up offshore holding or investment companies.

Forming a Mauritius Offshore Company can be a serious and time consuming business as compared to incorporation in other tax efficient countries. But, many investors prefer to open offshore companies in Mauritius due to a number of unique advantages offered to them. Offshore companies incorporated in Mauritius are now known as ‘Global Business Companies Category 1’ and abbreviated as GBC1.

Mauritius has double taxation treaties with many important countries and investors making use of GBC1 to invest in any of these countries. They then remit back all investment profits back to Mauritius, and thereby legally avoid or minimize withholding tax.

These are some of the key features of a Mauritius Offshore Company:
• Offshore companies registered in Mauritius are tax free.
• There is no requirement to file annual returns or audited statements with the government authorities.
• Mauritius is not a party to any exchange of information agreements with any country. So any information about your company is absolutely safe.
• All incorporation documents are in the English language.
• A Mauritius Offshore Company can do business anywhere in the world.
• Directors and shareholders of the company can belong to any country and need not be residents of Mauritius.
• The meetings of directors and shareholders of the company can be held anywhere in the world.
• Bearer shares are not allowed.
• Share capital is unlimited and no extra fees are charged for high capitalization.
• The company can engage in the usual commercial activities.
• The company cannot engage in banking, insurance, trusts, or trusteeship services.
• The company cannot engage in gaming.
• The company cannot raise capital from the public.
• The company cannot indulge in financial services.

There are a number of offshore service providers who offer excellent service for offshore company formation, asset protection, offshore trust formation, offshore banking, company management, and other financial services.

Mauritius has progressed tremendously and has attracted a lot of investors. Mauritius boasts of Africa’s highest per capita income. The country is now aiming at improving the financial sector and making Mauritius Offshore Company an attractive option for investors all over the world. Mauritius is considered a safe country and your offshore investment is absolutely safe and secure because of the country’s economic and political stability.

Now that you are aware of the all the advantages available to you, make use of these advantages.