Requirements and Administration Guidelines

Share Capital:

  • GBC1 – There are no minimum capital requirements. Capital can be in any currency except the Mauritian Rupee. Bearer shares are not permitted. A minimum of one Shareholder is required. The shareholder can be any nationality and does not need to be resident in Mauritius.
  • GBC2 – There are no minimum capital requirements. Bearer shares are permitted, Share Capital is unlimited and there are no extra fees for high capitalization. A minimum of one Shareholder is required. Any change on the beneficial ownership must be notified to the Financial Services Commission in Mauritius within one month.

Directors:

  • GBC1 – A minimum of one director is required however to take advantage of the Double Taxation Treaties two resident Mauritian Directors are required.
  • GBC2 – A minimum of one director is required; can be either a corporate or individual

Restrictions on Name & Activity:

  • GBC1 – It is prohibited for company names to contain words such as ‘Bank’, ‘Insurance’, ‘Building Society’ or ‘Trust’
  • GBC2 – It is prohibited to use any name that is similar to an existing company name

Local Requirements:

  • GBC1 – A Registered Agent and Registered Office in Mauritius is required. The Registered Agent must be appropriately qualified to act as such, for example a lawyer, Licensed Management Company etc. A company secretary is also required. The secretary must be qualified and resident in Mauritius. All records must be kept in the registered office.
  • GBC2 – A Registered Agent and Registered Office in Mauritius is required. The Registered Agent must be appropriately qualified to act as such, for example a lawyer, Licensed Management Company etc. A secretary is required but there is no requirement for a qualified, Mauritian Resident to undertake this position.

Confidentiality:

  • GBC1 – Beneficial Owners details are disclosed to the Mauritian Authorities but they are not made available to the public.
  • GBC2 – There is no requirement to disclose Beneficial Owners details to the Mauritian Authorities.

Timescale:

  • GBC1 – Approximately 3-4 weeks is required.
  • GBC2 – Approximately 2 weeks is required.

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