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Accenica | offshore jurisdictions - Mauritius


mauritius offshore Mauritius

Mauritius is situated in the Indian Ocean approximately 800 km off the East Coast of Madagascar. The island, which is of volcanic origin, covers an area of 1,800 sq. km.

The British ruled Mauritius for 158 years until 12th March 1968, when it became an independent country within the Commonwealth.

Mauritius is one of the few countries with a hybrid legal system based on English and French law.

Mauritius has developed from a low income, agriculturally based economy to a middle-income diversified economy with growing industrial, financial, and tourist sectors.

The island has become a renowned offshore centre with a large number of banks and financial companies.

Main characteristics:

Company type Global Business Company 2 (GBC2)
Governing corporate legislation The Mauritius Financial Service Commission is the governing authority and companies are regulated under the Companies Act 2001
Information published relating to company officers Names of company officers are filed with the Registrar but are not open to public inspection
Confidentiality Mauritius offers a high level of anonymity and privacy
Accounting requirement No accounting / reporting requirements
Taxation No taxes of any sort
Legislation Modern offshore legislation
Standard Currency US$
Time to form Mauritius has a fast and efficient Registry : 48h formation time
Stability Stable jurisdiction with very good reputation
Communication Efficient communication means
Time zone Convenient world time zone : GMT+4
Secretary required Optional
Paid up capital requirement No paid up capital requirement
Basis of legal System Under Civil Law
Minimum shareholders / directors Minimum of 1 Director / Shareholder
Bearer shares Bearer Shares not permitted