SERVICES
ECS Secretaries offers a wide range of company formation services ranging from the setup of companies, providing advisory, directorship, corporate governance, registered office services.
With our 30+ years of experience, we are able to guide you all along the way from business registration, setting up your office, and applying for the relevant permits.
01
COMPANY FORMATION & ADVISORY SERVICES
02
COMPANY SECRETARIAL SERVICES
03
INDEPENDENT DIRECTORSHIP
04
REGISTERED OFFICE AND NOTIFICATION SERVICES
05
FACILITATION OF DATA PROTECTION REGISTRATION
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ASSISTANCE ON RESIDENCY PERMITS
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FACILITATION OF PATENT AND TRADEMARK REGISTRATION
DOMESTIC
COMPANY
A domestic company, also known as a local company, is an entity incorporated under the laws of Mauritius by the Registrar of Companies and governed by the Companies Act 2001, the Business Registration Act 2002 and the Income Tax Act 1995, amongst other legislations.
Directorship
A minimum of one resident director is needed to establish a domestic company.
Minimum capital
The minimum capital is MUR 1.
Below are some typical questions asked about this financial product.
Domestic companies are taxed at 15% except if they receive the following types of income which will be subject to a tax exemption of 80%:
(i) Foreign source dividend derived by a company provided that it has not been allowed as a deduction in the country of source and conditions as per Regulation 23D(l) of the Income Tax Regulations 1996 are satisfied;
(ii) Interest derived by a company other than:
- a bank
- a non-bank deposit taking institution;
- a money changer;
- a foreign exchange dealer;
- an insurance company;
- a leasing company; or
- a company providing factoring, hire purchase facilities, or credit sales facilities.
(iii) income derived by a collective investment scheme (CIS), closed end fund, CIS manager, CIS administrator, investment adviser or asset manager, as the case may be;
(iv) income derived by companies engaged in ship and aircraft leasing;
(v) income derived by a company from reinsurance and reinsurance brokering activities;
(vi) income derived by a company from leasing and provision of international fibre capacity;
(vii) income derived by a company from the sale, financing arrangement, asset management of aircraft and its spare parts and aviation advisory services related thereto;
(viii) interest derived by a person from money lent through a Peer-to-Peer Lending platform;
(ix) profit attributable to a permanent establishment which a resident company has in a foreign country.
There are three conditions which need to be satisfied by all entities in order to receive the 80% exemption:
- carries out its core income generating activities (CIGA) in Mauritius;
- employs, directly or indirectly, an adequate number of suitably qualified persons to conduct its core income generating activities; and
- incurs a minimum expenditure proportionate to its level of activities.
A corporate social responsibility (CSR) tax of 2% is applicable to chargeable income of domestic companies.
Yes, it can be 100% foreign owned depending on its activity. For instance, if a foreigner wants to operate a business locally in Mauritius e.g. a local business store or any business which perceives income derived from Mauritius.
