Mauritius Type II Company Setup


Introduction

An IC is very similar to the standard IBC. Minimal and flexible statutory requirements and low government fees make this corporate vehicle very attractive and inexpensive. A Mauritius IC is exempt from tax and from exchange control. An IC cannot benefit from the double tax treaties signed by Mauritius with numerous countries. An IC must be owned by a person who does not reside on the Island. An IC is not permitted to carry on business either with residents in Mauritius or in Mauritian rupees. This corporate vehicle is not allowed to hold either real estate within Mauritius or any other interest in any other companies than Offshore Companies. An IC is suitable for shipping activities provided that these activities are carried out outside Mauritius. Shipping activities are restricted to the registering of ships under the Mauritius Flag. There are only few restrictions on the type of business and trade carried on by an IC such as banking, insurance and reinsurance business. The migration of the International Company out of Mauritius to another jurisdiction is possible.

 

Incorporating requirements

Directors

Minimum of 1 directors required, of which 0 must be residents.
Corporate directors are permitted.
Director's meetings are not required
There is not a public director's register
Other notes: none

Secretaries

Minimum of 1 secretaries required, who need not be residents.
Corporate secretaries are permitted.
There is not any requirement for secretaries to hold a professional qualification
Other notes: none

Shareholders

Minimum of 1 shareholders required
Corporate shareholders are permitted.
There is not a public shares register
Bearer shares are not permitted.
No par value shares are permitted.
Usually the Authorised share capital is 100000 shares of USD1 each.


Miscellaneous

Where some or all of the shareholders are nominees, the ultimate beneficial ownership of the shares does not have to be declared to the authorities.
A registered agent is required.
An annual return is required.

 

Incorporation Fee: Please see Our Fees Schedule

The package fee includes government fees, local secretary fees, local agency fees, registered office fees and our service fees, and have the following after incorporation: a) certificate of incorporation b) Original formation documents and minutes c) Five copies of M & A


Incorporation Time: 1-2 Weeks