Jurisdiction

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