Authorized Company


Streamlining your authorized company setup in Mauritius

Authorized Company formation, Mauritius

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An Authorised Company applies where the majority of shares or voting rights or the legal or beneficial interest in a company incorporated under the Companies Act are held or controlled, as the case may be, by a person who is not a citizen of Mauritius and such company –

  1. proposes to conduct or conducts business principally outside Mauritius
  2. has its place of effective management outside Mauritius.

 

An Authorised Company is non-resident for tax purposes and is therefore a tax-exempt entity. Companies that are engaged in investment holding, invoicing, marketing, international trading activities and/or non-financial consultancy services often use such a structure. There are some restrictions in terms of business activities that an Authorised Company can carry and the restricted activities are in relation to:

  • Banking
  • Financial services
  • Carrying out the business of holding or managing or otherwise dealing with a collective investment fund or scheme as a professional functionary
  • Providing registered office facilities, nominee services, directorship services, secretarial services or other services for corporations
  • Providing trusteeship services by way of business

 

Conditions of an Authorised Company

A holder of an Authorised Company Licence shall –

  1. at all times have a registered agent in Mauritius which shall be a management company and which shall be responsible for providing services including:
    1. filing of any return or document required under relevant Acts in Mauritius
    2. receiving and forwarding of any communication from and to the Commission, the Mauritius Revenue Authority or the Registrar
    3. undertaking measures on combating money laundering and the financing of terrorism and related offences as required by any enactment or guidelines issued by the Commission
    4. keeping of records, including board minutes and resolutions, transaction records and such other documents as the Commission may require
    5. such other services as the Commission may require
  2. file with the Commission, once in every year, a financial summary
  3. file with the Mauritius Revenue Authority, once in every year, the Company Tax Return (Authorised company is tax exempt in Mauritius but annual return has to be filed with the Tax Authority).

 

Summary of the Key Features of an Authorised Company

A private company

No corporate tax (Tax exempt)

No withholding tax on dividends, interest and royalties paid

No Capital Gains tax

No access to Double Taxation Avoidance Treaty

One director allowed

Corporate director allowed

No requirement to have a Mauritian Resident Director

Shareholder

One shareholder allowed

Corporate shareholder allowed

Company Secretary

May or may not have a Company Secretary

Agent

Must at all times have the Management Company as Registered Agent

Meetings

Shareholders or directors meetings may be held anywhere

Constitution

May or may not have a constitution

Capital Requirement

No minimum capital requirement

At least one share must be issued and paid-up

Raising of Funds

Not allowed to raise capital from public

Immovable Property

May not hold immovable property in Mauritius

Banking

May not hold any account in a bank in Mauritian currency

May open and maintain bank account in foreign currencies

Annual accounts

Financial summary and Tax Return to be filed annually with the Authority

No requirement to prepare audited financial statements

Access to records

No publicly accessible record of shareholders, directors or beneficial owners.

 

Requirements for incorporation of an Authorised Company:

  1. VA Global Business Application Form to be duly completed and signed
  2. Detailed Business Plan of the proposed Authorised Company, including:
      • Proposed business activity (ies) & related services to be provided
      • Geographic location of target market
    • Sector in which the target market operates
    • Country(ies) where the principal business activity(ies) will be conducted
  3. Due diligence documents to be provided on the proposed Directors/Shareholders/Beneficial Owners/Ultimate Beneficial Owners/Promoters of the company as per Due diligence Checklist
  4. Once proposed company name approved, consent forms of Director and Shareholder and other related declarations needed for company registration are sent over to client for signing purpose.
  5. Scanned copies of signed forms/declarations as well as due diligence documents are emailed first for our verification purpose.
  6. Once we confirm that all documents are in proper order, the originals will need to be couriered to our office address:
    VA Global Business Limited
    Unit 5, 2nd Floor, CANONNIER WORKSPACE, Royal Road,
    Pointe aux Canonniers,
    Mauritius
  7. Once all signed forms and due diligence documents duly received in original, the company registration is done within 4-6 working days normally, however it can take some more or less time depending on the review being made by the Authority.
  8. Upon company registration and receipt of the license from the Financial Services Commission, the following documents are sent to address as instructed by client:
    • Certified copy of the Certificate of Incorporation
    • Certified copy of the Authorised Company license
    • First Minutes in original
    • Register of Director(s), Shareholder(s) and Secretary in original
    • Certified copy of the Share Certificate
    • Certified copy of the Constitution

Note:Irrespective of the period of the year in which the GBC Company has been incorporated, the yearly renewal period is July – June.

For more information and guidance, please contact Us

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Blueprints of success: what clients say about us

We would like to thank the team at VA Global Ltd for providing exceptional service to Blessov Ltd Mauritius since 2012. Your personal commitment to meet our demands and accuracy continuously exceeds our expectations. You have become a trusted resource from the moment you registered our company and began to handle our company accountancy . Your enthusiasm for the dedication in providing Blessov with timely and efficient solutions made the decision to continue year after year with VA Global. The key factors for choosing to work with VA Global is your in depth knowledge , dedication to fulfil our requirements as well as your ability to supply Blessov Ltd with day to day information . Throughout the years we have learnt to appreciate your high level of service you repeatedly provide. I would like to specifically thank you for the extraordinary service that you provide every time we need. We Blessov Ltd are very satisfied and happy to be your client and are looking forward to a long-lasting relationship.
Blessov Ltd
In 2015 we created our company Austral Technical Management in Port Louis - Mauritius. All the process was successfully handled by VA Global, with the so efficient leadership of Vidya Ramanah and her team. Even in the more complicated moments they have been at all times extremely serviceable and kind. Their advice was always accurate and wise.
Austral Technical Management
Having worked tightly and in various occasions with VA Group for several years, we can confirm that our experience was always amazing and up to SFM expectations.
SFM Corporate Services
Our experience for the past eight years with VA Global Limited as a management company institution has been excellent. Their resolution to issues are expeditious and their responses are quick.
Dunitek Limited
Our Company ICOM Ltd providing offshore manpower and catering services working with VA Global Business Ltd for many years. We are very satisfied with the quality of services of VA Global providing to our International business. With no hesitation we recommend VA Global
ICOM Ltd
It’s a very delightful and an excellent experience to work with VA Global. Staff is commendable, proactive, skillful and have complete knowledge of the subject matter. They work as a partner which is excellent
Innovis Telecom Services Ltd
We have been collaborating with your firm for a number of years and our experience has been most positive from the very beginning. The advice we received was essential and timely. The level of services was professional. Keep on doing great job!
Privacy Unlimited Ltd
We, BBC Incorp, have such a great experience in working with VA Global Limited. The entire staff is amazing as always fast in response and very knowledgeable to answer our questions in an easy way to understand as well as handle any issues with professionalism. We really appreciated all of the support and will continue using your company service whenever we need. Thank you for your hard work and great performance.
BBCIncorp
VA Global as a management company in Mauritius stands out and our experience has been excellent with them.  They have expertise in helping any new client in incorporating a new company, open bank accounts, legal documentation, making financial summaries and accounts. We have been associated with them for more than a year now.
Quramax Holding

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