Current Node

The tax environment

All Mauritians living on the island are taxable by the government. A foreigner who spends more than 183 days* of the tax year can be tax domiciled in Mauritius.

As the country has signed a non-double taxation agreement with 43 countries, the status of Mauritian tax resident leads to a certain number of advantages such as:

  • No inheritance duties or tax on profits
  • Dividends and capital gains exempt of tax
  • Income tax for individuals and companies harmonised at 15%

For enterprises

  • No tax on capital gains generated by the enterprise
  • No taxing at source of interest or dividends
  • No customs duties on equipment
  • No charges or constraints on the repatriation of money generated by your activities (profits, dividends, capital)
  • A Corporate Social Responsibility (CSR) system is imposed on all companies by which the Mauritius Revenue Authority (MRA) takes a levy of 2% on profits generated by the company

Want to know more about tax system in Mauritius?

*Conditions apply

Current Node

Characteristics

Mauritius possesses certain characteristics specific to the country which offer fiscal advantages. To obtain a licence on Mauritian soil, enterprises must prove their contribution to the economy.

Several further conditions must be fulfilled in order to obtain the right to start up an economic activity on Mauritian territory:

  • The main office must be located in Mauritius
  • A minimum of two administrators must be resident in Mauritius
  • The main bank account and the account books must be registered in the island
  • The enterprise must employ at least one Mauritian citizen
  • A minimum investment of 100 000 USD in the territory is required

These are strictly observed rules which make it possible to avoid all abuse or excess and which contribute to the international reputation of Mauritius.

The types of onshore/offshore companies which may be set up:
Global Business Licence 1 – “Onshore” company
Global Business Licence II – “Offshore” company

For more information: https://www.fscmauritius.org/en/being-licensed/applying-for-a-licence/global-business.aspx

 

Current Node

Global Business Licence II – “onshore” company

  • A GBL 1 is constituted of at least two natural or legal persons and must include two resident directors
  • The company’s head office must be in the country
  • A GBL 1 can be set up with the authorization of the Financial Services Commission (FSC) to carry out offshore activities
  • A GBL 1 can become a resident of Mauritius and thus benefit from the non-double imposition treaties in force in the country
  • A GBL 1 is taxable at 15%, except on capital gains and is not subject to taxation at source
Current Node

Global Business Licence II – “Offshore” company

  • A GBL II can be set up with the authorization of the Financial Services Commission (FSC) in order to carry out offshore activities
  • Unlike the GBL1 it cannot be considered as a company resident in Mauritius
  • It therefore does not benefit from the non-double taxation agreements and must be registered with a registrar
  • A GBL II may carry out various sorts of activities with the exception of banking, insurance, trust or investment funds
  • A GBL II is not imposed and is not subject to withholding tax
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