Authorised Company
Authorised Company is registered under the Companies Act 2001 and licensed by the Financial Services Commission (FSC). A licence as an Authorised Company is required where the majority of shares or voting rights are controlled by a non-citizen and such company conducts business principally outside Mauritius.
- Perfect holding company for use as Special Purpose Vehicles internationally. It is user-friendly with simple incorporation procedures
- May be used for International Trading, International contract or for holding of assets
- Can be used for treasury management and hedging in various currencies
- Can hold assets and act as an investment company for high net worth individuals
- Can act as holding company
- Board meetings need not be held in Mauritius
- Continuation from another jurisdiction is possible
- Ideal for one off projects
- The place of effective management must be outside Mauritius
- Not resident in Mauritius and cannot access to the network of Double Taxation Agreements in force in Mauritius
- No withholding tax on dividends, interests and royalties
- No requirement to have account audited
- No minimum capital requirement
- Corporate director is allowed and can be resident anywhere
- Need to have at all time a Registered Agent which can be a Management Company
- Need to file an annual financial summary with FSC
- Banking
- Financial Services
- Carrying out the business of holding or managing or otherwise dealing with a collective investment fund or scheme as a professional functionary
- Provision of registered office facilities; nominee service; directorship services; secretarial services or other services for corporations
- Providing trusteeship services by way of business
- May not hold immovable properties in Mauritius
- Minimum Shareholder: 1 Maximum Shareholders: 25
- Registered shares, preference shares, redeemable shares and shares with or without voting rights are permitted
- Par value or no par value shares may be stated in more than one currency
- Fractional shares are allowed
- Shares may be subscribed by nominees
- Shareholders may be individual or corporate
- Constitution not compulsory but can adopt a Constitution
- An Authorised Company is exempt from Tax in Mauritius but is required to file a tax return with the Tax Authorities
- No withholding tax on dividends
- No capital gains tax