Mauritius Authorised Companies (AC)

Mauritius Authorised Company (“AC”) is a private company registered under the Companies Act 2001 and licensed by the Financial Services Commission (“FSC”). It conducts business principally outside Mauritius or with such category of persons as may be specified in the FSC Rules and in a currency other than the Mauritian rupee.

An Authorised Company is not considered as resident in Mauritius as its Place of Effective Management (“POEM”), is situated outside of Mauritius. The Authorised Company cannot benefit from the network of Double Taxation Avoidance Agreement in place with other countries.

Permissible activities that may be carried on by a Mauritius Authorised Company include:

  • Trading
  • Passive Investment
  • Non-financial consultancy
  • IT Services
  • Logistics and
  • Marketing
Capital and Shares
  • There is no minimum capital requirement.
  • Registered shares, preference shares, redeemable shares and shares with or without voting.
  • Par value shares may be stated in more than one currency
  • Shareholders may be individual or corporate.
  • An Authorised Company may acquire, redeem, reissue or purchase its own shares.
Taxation Aspect
  • As a general rule an Authorised Company is not tax resident in Mauritius, subject to its POEM being situated outside of Mauritius.
  • Foreign-sourced income would be outside the scope of the Mauritian tax system
  • Mauritian-sourced income would be subject to tax at the rate applicable to domestic companies and it is not exempt from Corporate Social Responsibility
  • No capital gains tax.
Statutory Fees
  • Application Processing Fee to Financial Services Commission: US$ 150
  • Annual Fees to Financial Services Commission: US$ 350
  • Annual fees to Registrar of Companies: US$ 65
Administration Aspect
  • It is required that the majority of shares or voting rights or the legal or beneficial interest be held or controlled, by a person who is not a citizen of Mauritius.
  • An Authorised Company is required to keep proper accounting and statutory records and at its registered office address.
  • An Authorised Company is required to file a financial summary annually with the FSC and a return of income with the Mauritius Revenue Authority.
  • Filing is required of appointment of directors and secretary and change in shareholders with the Registrar of Companies and the FSC.
  • Meetings may be held anywhere in the world.
  • An Authorised Company can be converted into a GBC.

 

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