Since independence in 1968, Mauritius has undergone a remarkable economic transformation from a low-income, agriculturally based economy to a diversified, upper middle-income economy with growing industrial, financial, and tourist sectors. Mauritius has achieved steady growth over the last several decades, resulting in more equitable income distribution, increased life expectancy, lowered infant mortality, and a much-improved infrastructure.
The economy rests on sugar, tourism, textiles and apparel, and financial services, and is expanding into fish processing, information and communications technology, and hospitality and property development. Sugarcane is grown on about 90% of the cultivated land area and accounts for 15% of export earnings. The government's development strategy centers on creating vertical and horizontal clusters of development in these sectors. Mauritius has attracted more than 32,000 offshore entities, many aimed at commerce in India, South Africa, and China. Investment in the banking sector alone has reached over $1 billion.
IMPORTANT FEATURES:
- There are no minimum or maximum capital requirements
- There is no minimum capital requirement.
- Shares can be issued with or without par value in a variety of forms and classifications and may include voting or non-voting, Preferential or Common etc.
- Shares may be issued for money or for other valuable consideration.
- Shares are issued in registered form only; Bearer shares are no longer permitted.
- One shareholder and one director are allowed. The same person can be the shareholder and director.
- Shareholders, directors and officers need not be resident in the Mauritius and can be of any nationality.
- Directors and/or officers can be either corporate entities or natural persons.
- Appointment of company secretary is optional and the secretary may be a natural person or body corporate, be of any nationality and need not be resident in Mauritius.
- Mauritius GBC2 do not need to hold Annual General Meetings for its shareholders and if any Shareholders and directors meetings are held it can be held anywhere, or even by telephone and may be attended by proxy.
- Nominee shareholders and directors are allowed.
- The Registers of directors shall be kept in any place as the directors determine and the company shall inform the Registrar of the place at which they are kept.
- Must maintain a registered office in Mauritius and must appoint a registered agent who is a resident of Mauritius.
- No annual reporting or auditing is required.
- There is no foreign exchange control.
- Competitive incorporation fees and license fees.
- Absolute confidentiality, the Memorandum and Articles of Association are the only documents to be held on the public record.
REQUIREMENTS:
Corporate Structure requirements in Mauritius, please click here.
COST:
Please click here for the fees structure related to Mauritius Incorporated Companies.