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Benefits of Business Setup in Mauritius : It takes just 2 weeks time to register offshore company in Mauritius, with minimum one director and one shareholder of any nationality. However, both are allowed to reside elsewhere besides Mauritius. US $1 is the least paid-up capital and new business is permissible to be registered in Mauritius without you requiring to travel to this island.
Investments in Mauritius can offer entrepreneurs with innumerous incentive benefits that are available at the Export Processing Zones in Mauritius. Corporate tax exemption is provided to their resident company to about 10 years including custom duties upon selected raw materials and capital goods.
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High levels of confidentiality offered in Mauritius combined with free capital repatriation, sound banking framework and no control over foreign exchange.
Mauritius in July 2019 got removed from OECD report with regards to harmful tax practices, with the abolishment of GBL 1 (Global Business License-1) & GBL2 regime. But PER (Partial Exemption Regime) replacing GBL companies are subjected to economic substance needs, including:
Mauritius as per OECD is considered to be a tax compliant jurisdiction enjoying positive ratings over Luxembourg, the USA and the UK. Recently, BEPS multi-lateral agreement has been signed by the country, while adopting CRS to promote information exchange between countries.
Founders as per Mauritius GBC1 (Global Business Companies) can reduce taxation legally on global earnings due to:
Mauritius is found to work actively towards promoting this country as Africa’s headquarters for all ecommerce activities, while creating a Green Finance center through increased efforts to develop:
Mauritius can be termed to be a wonderful destination to incorporate a holding company. This is more so for those entrepreneurs who run businesses in Africa, since they can benefit from double tax avoidance agreements that are signed by Mauritius and countries belonging to this region. The interested may opt to create a GBC.
Mauritius is also noticed to be an emerging hub to develop call centers and BPO (Business Process Outsourcing) units due to the presence of multilingual workforce who are fluent in English, French and also communicate in Tamil and Hindi combined with low labor costs.
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Black Swan Business Setup Services can help you in Company Registration Service in Mauritius. You can GET FREE CONSULTATION TODAY with our experts. You can request a proposal today to know about the cost and process of setting up of business in Mauritius. Blackswan BSS will help in Business Setup in Mauritius.
Originally posted 2021-09-29 04:54:45.