Put simply, a Mauritius authorised company means a body corporate that is controlled and managed outside of Mauritius.
Starting your authorised company comes with obvious appeal. For instance, tax-exempt status and operational flexibility.
The incorporation process is also fast and completely transparent. Not to mention the political stability and business-friendly nature of Mauritius.
Keen to get your business going? Read on to find out how to start your Authorised Company in Mauritius.
1. Overview of Authorised Company in Mauritius
Before investing your time and money into an authorised company, you’ll want to consider its pros and cons and whether it has the potential to be successful.
To refine your point of view, we list down below some advantages and disadvantages of this business structure:
1.1. Advantages
Generally, some prominent advantages of Mauritius Authorised Company include:
Strategic location
Mauritius is located in the Indian Ocean with access to important continents such as Africa, Australia, and Asia. In other words, it’s a very strategic business location.
Therefore, starting an authorised company in Mauritius helps you trade globally and expand networks with brands from around the world.
Business-friendly legislation
In general, Mauritius has a strong regulatory framework and ethical governance. This can be beneficial for your business development.
A Mauritius Authorised Company operates under the provisions of well-regulated acts. Thus, your operation in the country will be simple and straightforward.
Ease of doing business
Mauritius also has a favorable business nature.
This has been acknowledged by global agencies such as the Organisation for Economic Cooperation and Development (OECD) and the World Bank (WB).
High level of anonymity and privacy
If you want to protect the information of your company’s beneficial owners, directors, and shareholders, starting an authorised company is a good idea.
Tax exemption
Your authorised company is a non-resident for tax purposes in Mauritius. This means you’ll be exempted from corporate tax, withholding tax, interest, and royalties, or any capital gains tax.
If you’re looking to set up an Authorised Company on a budget, check out our offer of Mauritius company formation – which should help you reduce set-up costs considerably!
1.2. Disadvantages
This type of company comes with several disadvantages, including:
Fundraising restrictions
Your authorised company can’t raise capital from the public or conduct any fundraising activities. This may eventually limit your growth potential.
Bank account currency
In terms of banking currency, you can’t operate a bank account in Mauritian currency with your authorised company.
However, you may open and maintain an account in foreign currencies with the local banks.
2. Business scope of Authorised Company in Mauritius
Understanding what advantages an authorised company may bring, you’ll also need to acknowledge its business scope – what it can and cannot do.
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