A domestic company is incorporated under the laws of Mauritius by the Registrar of Companies and governed by the Companies Act 2001, amongst other legislations. The use of a domestic company is often considered as the best way to conduct business with Mauritian residents and is among the preferred route to investing in Mauritius but can also be used for other purposes.
Also, all entities set-up as domestic companies will be able to benefit from the 3% tax rate on foreign income if they apply for a GBL license.
FEATURES
- No minimum stated capital requirement
- Minimum of one (1) resident director required
- Minimum of one (1) shareholder required who can be a non-resident of Mauritius
- File an annual return with the Registrar of Companies, audited accounts required if turnover is above MUR 50m
- Liable to corporate income tax at 15%
- set up mainly for trading, investment holding and for the provision of consultancy services
- Access to the extensive network of Double Taxation Avoidance Agreements (DTAAs) which Mauritius has with other countries
- Registered office in Mauritius
- Data Protection Registration is required to have a data controller
GENERAL INFORMATION
- Type and nature: Private or Public company, Limited by shares, Limited by guarantee or Limited by both shares & guarantee
- Constitution: Optional; if none adopted, company will be governed by the Companies Act 2001
- Double taxation treaty: Access to double taxation treaties benefits
- Meetings: Anywhere for directors' and shareholders' meetings
TAX RETURNS
A domestic company must submit an annual tax declaration to the Mauritius Revenue Authority (MRA). The company with an annual turnover exceeding MUR 2m will have to submit a quarterly tax returns, also known as ‘Advance Payment System’ (APS) to the MRA. Also, for such type of company, VAT registration is mandatory under the law.
