Types of companies in Mauritius:
We are providing a Incorporation a Company service in Mauritius for any global business investors. The most common forms of incorporation in this country are the Global Business Category 1 (GBC 1) and Authorised Company (AC).
An Authorised Company (AC) is a tax exempt, flexible business entity that are regularly utilised for international investment holding, international property holding, international trade and international management and consultancy. AC's are not resident for tax purposes and do not have access to Mauritius' tax treaty network. Beneficial ownership is disclosed to the authorities. The place of effective management must be outside of Mauritius; the activity of the company must be conducted principally outside of Mauritius and must be controlled by a majority of shareholders with beneficial interest who are not citizens of Mauritius.
Read more: How to set up a company in Mauritius
In general there are no restrictions on foreign investment in Mauritius, except for foreign ownership in Mauritian sugar companies listed on the stock exchange. Not more than 15% of the voting capital of a sugar company can be held by a foreign investor without written consent from the Financial Services Commission.
Investments made by foreign investors in immovable property (whether freehold or leasehold), or in a company holding freehold or leasehold immovable property in Mauritius, require approval from the Prime Minister's Office under the Non-Citizens (Property Restriction) Act 1975.
An Authorised Company: cannot trade within the Republic of Mauritius. The company must be controlled by a majority of shareholders with beneficial interest who are not citizens of Mauritius and the company must have it's place of effective management outside of Mauritius.
Company Name Restriction:
Except with the written consent of the Minister, a foreign company shall not be registered by a name or an altered name that, in the opinion of the Registrar, is undesirable or is a name, or a name of a kind, that he has directed the Registrar not to accept for registration.
No foreign company shall use in Mauritius any name other than that under which it is registered.
A foreign company shall - where the liability of the shareholders of a company is limited, the registered name of the company shall end with the word "Limited" or the word "Limitée" or the abbreviation "Ltd" or "Ltée".
Name Restrictions with the type Authorised Company (AC) of a company in Mauritius
- Any name that is identical or similar to an existing company or any name that suggests the patronage of the President or the Government of Mauritius.
- Language of Name: English or French.
- Names Requiring Consent or a Licence
- The following names or their derivatives: assurance, bank, building society, Chamber of Commerce, chartered, co-operative, government, imperial, insurance, municipal, royal, state or trust or any name which in the opinion of the Registrar suggests the patronage of the President or the Government of Mauritius.
- Suffixes to Denote Limited Liability
- An Authorised Company does not require a suffix in Mauritius.
Company Information privacy:
A director of a company who has information in his capacity as a director or employee of the company, being information that would not otherwise be available to him, shall not disclose that information to any person, or make use of or act on the information, except -
- (a) for the purposes of the company;
- (b) as required by law;
- (c) in accordance with subsection (2); or
- (d) in any other circumstances authorised by the constitution, or approved by the company under section 146 (Mauritius Company Act 2001)
- (2) A director of a company may, if authorised by the Board under subsection (3), make use of, or act on information or disclose information to -
- (a) a person whose interests the director represents; or
- (b) a person in accordance with whose directions or instructions the director may be required or is accustomed to act in relation to the director’s powers and duties, subject to the director entering the particulars of the authorisation and the name of the person to whom it is disclosed in the interests register where it has one.
- (3) The Board may authorise a director to disclose, make use of, or act on information where it is satisfied that to do so is not likely to prejudice the company.
- (4) Any monetary gain made by a director from the use of information which a director has in his capacity as a director shall be accounted for to the company.