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Company Registration in Mauritius : Mauritius is an island country in the Indian Ocean that has become a premier, international business center. This country in the last two decades has enjoyed unprecedented socio-economic development and growth, while emerging as a stable political democracy. It wholeheartedly welcomes foreign businesses and investors to be a part of its rising economy. For offshore business formation, Mauritius has rather become a trustworthy and credible jurisdiction, providing investors with greater security and reliability through flexible regulatory framework.
Foreign investment as well as offshore activity is encouraged actively by the Mauritian Government through the Investment Board. Different types of incentives have been introduced by the government for attracting foreign investments. Moreover, consolidation of fiscal and legal framework has only resulted in more user friendly and modern legislation, thereby contributing towards rise of the country as an important offshore financial service center. Development strategies brought out by the government focuses mainly on foreign investment. This in turn has resulted in Mauritius being able to successfully attract offshore entities in thousands.
The countryโs credibility for offshore investments is further solidified due to adherence to the latest international requirements that involves fighting money laundering and financial terrorism. It has only facilitated Mauritius to enjoy enhanced reputation as a well-regulated and trustworthy offshore center offering guaranteed confidentiality.
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Company formation in Mauritius is considered to be a straightforward and simple process, irrespective of you select an Offshore company (GBC2) or a Resident Company (GBC1 Company). The Mauritius Company, if structured correctly is regarded to be a low cost, efficient, legally tax-efficient entity to conduct business. Several benefits can be derived by incorporating GBC2 & GBC1 Company in Mauritius.
GCB1 companies have been provided treatment as tax residents. They have the liability to pay taxes upon their earnings. This automatically entitles them to derive benefits offered by the extensive Double Tax Mauritian Treaties. GBC1 can be a foreign companyโs branch or a company incorporated locally. Business needs to be conducted using foreign currency, while business cannot be engaged in Mauritius.
GBC 2 Companies are considered to be private entities which conduct business outside the country. However, GBC2 Company cannot conduct business within Mauritius. It can be registered as foreign company branch or locally incorporated. One major benefit derived by GBC2 is confidentiality, while the beneficial ownerโs identity is kept largely confidential. The GBC2 is also stated to be a good structure to manage and hold private assets.
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Originally posted 2021-09-29 04:35:25.