- Availability of professional services
- Strategic time zone (only 4 hours behind Asia)
- Strong and well diversified economy
- Well-developed communications infrastructure (including regular direct flights from/ to China)
- Political stability
- Modern legislation ultimate court of appeal is the Privy Council in the UK
- Protection of confidentiality
- No exchange control (free movement of capital)
- No Capital Gains Taxes and no Withholding Taxes
- Extensive Network of DTAs and IPPAs
- Flat Corporate Tax rate of 15% (reduced to up to 3% for Global Business)
What makes your jurisdiction different from other competitors for Chinese investors?
The comparative advantages above give Mauritius the edge over other competitor countries. On top of that, Mauritius enjoys close economic and cultural ties with both Asia and Africa. Mauritius is ranked first in Africa in terms of the World Bank Ease of Doing Business 2013. It is also one of the few countries which is both a member of SADC and COMESA and also of other preferential trade agreements.
What is the general taxation rate for incorporating companies in your jurisdiction?
A flat corporate tax rate of 15% but Global Business companies doing business outside of Mauritius can benefit from a deemed foreign tax credit of 80% thus, reducing the tax liability to a net effective rate of 3%.
Can the regulatory authority request information about the company and officers or account details from your jurisdictions?
Generally, any request has to be routed to the Supreme Court in Mauritius, which will only issue an order for disclosure provided there is sufficient evidence. No fishing expedition is entertained.
What are the fees associated with company incorporation and how long does it normally take?
Company formation is very straightforward and a seamless process which can take less than 2 weeks. Fees vary according to various service providers. Mauritius is one of the most competitive jurisdictions for setting up companies and other fiduciary structures.
Does your jurisdiction have any DTAs with China or HK?
Mauritius and the PRC have had a DTA since 1994.
What documents are required to establish an offshore company at your jurisdiction? Andwhat about TIEAs?
Basic due diligence documents include passport copy, proof of ID, bank reference letter and profile of Client. Mauritius has signed TIEAs with some countries.
What is the new incorporation volume during the year of 2013?
There are approximately 28,000 Global Business Companies set up in Mauritius and more than 600 funds. On average, 75 new Global Business companies are set up on a monthly basis. The 2013 are not yet available.
Source: AfrAsia Bank
