Mauritius, strategically located in the Indian Ocean region has built a strong international reputation as a well regulated and business-friendly financial services centre for conducting a host of offshore business activities and for efficient international tax planning. 19. The corporate income tax rate in Vietnam is 20% currently. Offshore banking can be considered the principal means by which offshore companies transact and conduct business, and therefore heavily rely on efficient, quality offshore banking services. You can select level of services you need, normal with 5 working days or 3 working days in urgent case. 11. Mauritius is thus relatively well advanced and modernized in its own right and has the characteristics of a progressive tax haven. Ainsi, l'article suivant parle du type d'entreprise précédent. Useful checking tools for your Hong Kong company registration. Beyond Hong Kong tax haven, like the way many people still think of this city, there are more of Hong Kong that you should know. Mauritius company formation – secure jurisdiction and highly prominent reputation. St Vincent and the Grenadines Offshore Company Formation. However, in this blog, we only dig into details with the two most popular types, which are Global Business Corporation and Authorized Company. Mauritius offshore company incorporation is an important part of the island’s economy. Tax haven Mauritius is an independent country situated in the Indian Ocean. As one of the most progressive economies in the Africa region, Mauritius can be your ideal choice when going offshore. It means that a GBC must hire a reasonable number of employees, whether directly or indirectly, to carry out its business activities. via email. Mauritius Offshore Company Formation. We are always proud of being an experienced Financial and Corporate Services provider in the international market. 2 mins video Mauritius Offshore Company has become a credible jurisdiction offering a reliability and security to investors through its flexible regulatory framework, holding a Category 2 Global Business Company Licence (Authorised Company) is often used for trading and investment. The GBC (formerly known as GBC1) is registered under the Companies Act 2001 and licensed by the Financial Services Commission. Samoa Company Registry - How it works? The law protects the confidentiality of the Shareholder, Director and the offshore company. Which is the most popular legal entity in Belize? Mauritius offshore company types: Global Business Company II (GBC2) Onshore company type – with licence – Mauritius Global Business Company I (GBC1). Offshore company list , 8 , in Mauritius , include Port Louis,Port-Louis,Mauritius,Curepipe,Beau Bassin,quatre-bornes . Likewise, an audited profit and loss account and balance sheet annually are compulsory. Mauritius offshore incorporation further comprises the formation of Protected Cell Companies which are an innovative entity of the offshore sector. 10. Guide to Personal Income Tax in Vietnam for Foreigners 2020. 16. Also, all of the documents such as accounting records, statutory documents must be kept in the office at all times. Plus, tax returns are needed to be submitted with Income Tax Authorities. If the place of effective management of your offshore company is in India, then your company shall be taxed in India. The Prime Minister and Minister of Finance and Economic Development decided to reform the Global Business sector. La nouvelle structure est la formation d’une société mauricienne dotée d’une licence commerciale mondiale (GBL). Sounds perfect for a sunny holiday by the blue sea? It means that the shares, voting rights, legal or beneficial interests are all controlled by the non-resident only. There are some tools to help you check your company status and what licenses you need to prepare before registering a Hong Kong company. * Start your business at just $2,390. Time of Mauritius company formation takes around 3 WEEKS. For this reason, Mauritius tax haven is reputable and meets internationally accepted standards for company incorporation and the provision of financial services to the international public. For more information about the cookies we use or to find out how you can disable cookies, click here. If you close this box or continue browsing, we will assume you agree with this. Check out this article to know how this rule works! You are freedom international money transfer under your offshore company. 12 Oct 2020 4 minute read. BBCIncorp can consult and assist you along the way of incorporation, from the registration process to the very end, click here to find out now! This blog will answer the big question: is it ideal for foreigners? It is vital to have a qualified company secretary (either firm or individual) who is a Mauritius resident. These are the 2 most common offshore business entities in Mauritius. Anguilla Offshore Company - How it works? A GBC must also be managed or controlled within Mauritius and more importantly, be administered by a Management Company – the middle man between a GBC and the FSC. Essentially, these Mauritius offshore companies, particularly the GBC2, have the same concept of the international business company and are therefore known as Mauritius version of an offshore company. 3. English is the main language spoken, but French and French Creole are also spoken. And unlike the GBC, this type of legal entity doesn’t benefit from Double Tax Avoidance Agreements of Mauritius. - Just 4 steps. Register your company Price List You can open bank account for your company in European, Hong Kong, Singapore or other jurisdictions supported offshore bank accounts! Our Solution, Your Success. These Mauritius offshore companies are not subject to any income tax, capital gains tax, withholding tax in dividends and interests and tax on gifts. What are the minimum requirements for setting up a Cayman Offshore Company? A GBC also has to file and submit a return of income within 6 months after its accounting period ends, and of course, pay any payable taxes in that period.

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