An Authorised Company (AC) is an entity that is not resident in Mauritius for tax purposes.
An AC allows a non-citizen of Mauritius to set up his company in Mauritius. The non-citizen can hold the majority of shares or voting rights or the legal or beneficial interest of an AC.
An Authorised Company shall conduct its business principally outside Mauritius and shall have its place of effective management outside of Mauritius.
As a registered agent, AAcapital International Limited carries out all the necessary due diligence checks, prepares all the necessary documents and submits the application for the setting up of your Authorised Company to the Financial Services Commission of Mauritius (FSC) on your behalf. A GBC allows a non-citizen of Mauritius to set up his company in Mauritius. The non-citizen can hold the majority of shares or voting rights or the legal or beneficial interest of a GBC.
| Authorised Company - Key Features | |
|---|---|
| Share Capital | |
| Minimum Share Capital | USD 1 |
| Permitted Currency | Any currency except MUR |
| Shareholders | |
| Minimum required | One |
| Non-citizen shareholding | Yes, non-citizen can hold 100% shares |
| Corporate Shareholder | Allowed |
| Publicly accessible records | No |
| Location of meetings | Mauritius (proxy possible) |
| Directors | |
| Minimum required | One |
| Resident directors | Not required |
| Corporate Director | Allowed |
| Publicly accessible records | No |
| Location of meetings | Anywhere |
| Company Secretary | |
| Local or qualified | Not required |
| Registered Agent | |
| Registered Agent | Required. Should be a management company |
| Accounts | |
| Audited Accounts | No. Financial Summary to be filed with FSC |
| Tax | |
| Tax return | No. Return of Income to be filed with MRA |
| Corporate Tax | No. Not tax resident in Mauritius |
| Access to Double Taxation Treaties | No |
| Capital Gains tax | No |
| Bank Accounts | |
| Principal Bank Account in Mauritius | No |
| First Application Regulatory Costs | |
| Processing Fee (FSC) | USD 150 |
| First Annual Fee | USD 350 |
| Company Incorporation Fees | USD 100 |
| Annual Government Costs | |
| Annual Fee (FSC) | USD 350 |
| Annual Company Registration Fee | USD 100 |