Fact File

Fact File Supplied By

AAMIL Ltd.

Location

Indian Ocean.

Time zone

Greenwich Mean Time +3/4 winter.

Population

1,300,000.

Capital

Port Louis.

Airport(s)

SSR International Airport.

Language

English, French, Hindi, Urdu, Chinese.

Currency

Mauritian rupees (Rs).

Political system

Democratic parliamentary system, one Chamber.

International dialing code

+230.

Legal system

Hybrid, mix of common law and civil law.

Centre's expertise

Tourism, Financial Services, Agriculture and Textile.

Personal income tax

15%.

Corporate income tax

15%, 80% exemption on certain income derived by a Global Business Licence Company (GBL). No tax on Authorised Companies (AC).

Exchange restrictions

No.

Tax Information Exchange Agreements

Yes, under the CRS and FATCA reporting.

Permitted currencies

Any currency. A GBL may open an account in Mauritian currency to meet day-to-day ordinary expenses in Mauritius.

Minimum authorised capital

No authorised capital but stated capital (minimum USD 1.00).

Minimum share issue

One share.

Shelf companies

Not allowed.

Timescale for new entities

7-15 days.

Incorporation fees

$800 for Authorised Companies (AC), $2,000 for GBL companies.

Annual fees

$350 for AC, $1,950 for GBL companies.

Minimum number

Two resident directors for GBL.

Residency requirements

GBL companies only, for tax residency purposes.

Corporate directors

Allowed for AC only.

Meetings/ frequency

Yes, not specified.

Disclosure

Yes.

Bearer shares

No.

Minimum number

One.

Public share registry

No for AC and GBL.

Meetings/frequency

Yes, once a year.

Annual return

Yes.

Audit requirements

Yes, for GBL only.

Registered office

Yes.

Domicile issues

No.

Company naming restrictions

Very few.