More information about Mauritius
Mauritius is an island in the Indian Ocean with an exceptional system of taxation. Mauritius provides two kinds of offshore companies as GBC1 and GBC2. In the tables above, all information relates to GBC2, but we can also help with GBC1 companies.
First, we will explain the difference between these companies. GBC1 companies are subject to tax as they are resident in Mauritius. However, they receive both a longstop tax rate of 3% and beneficial tax credits. Furthermore, the network of 37 tax treaties in Mauritius are available to correctly formed and managed GBC1 companies. There are no withholding taxes or taxes on capital gains. As a consequent, tax practitioners and businesses use GBC1 companies to structure investments into China, India, Luxembourg, Germany, Thailand, and more which are Mauritius’ treaty partners. In GBC1, the annual maintenance and incorporation are much more complex and therefore require a higher investment than in GBC2. Please contact us for details if you are interested in access to the tax treaties.
GBC2 companies are non-resident, tax-exempt companies that do not have access to treaties. They are exempt from taxes and filing requirements. They only pay an annual flat fee to the registrar, which is included in the above prices. It is clear that GBC2 companies save you money on administrative costs, legal and accounting expenses, and taxes. If these are not reason enough to incorporate offshore, you also save time because the GBC2 incorporating procedure is simple and streamlined. You do not have to worry about dealing with restrictions, regulations, or permits and licenses. You can focus on your business operations and not waste time with bureaucratic concerns.
Even though this may sound too good to be true, it is a trusted and well established system. In spite of governments trying to deter business owners by denouncing offshore structures in the past, now worldwide corporations show that you can massively reduce taxes with offshore incorporation while complying with the laws completely. Corporations like Starbucks or Amazon could not have prospered and grown without smart tax planning.
The last vital part of tax planning is management’s residence status. Large corporations as Google and Apple employ local staff and managers, which is a critical part of offshore arrangements. On the other hand, small companies may not have a budget for hiring full time staff locally. The solution to this is OCQ’s diamond package, which offers nominee directors and shareholders so that official management is based offshore, as the company is, and final ownership and control remains in your hands.
At OCQ, we consider Mauritius an interesting avenue for tax and wealth planning. It combines an excellent reputation with the GBC1 that offers access to tax treaties and low taxes. However, we strongly recommend Belize over Mauritius GBC2 because of clear advantages in pricing and user-friendliness.
Finally and most importantly, what makes OCQ the perfect partner for your offshore company needs? For one thing, we flawlessly understand all parties in the process. Furthermore, we have intimate knowledge of the registrar requirements for incorporation and we know the best bank to fit each client. Most importantly, we understand our customers’ need for affordable, simple, and fast registration for their offshore companies. We strive to keep our order processing current and without bureaucratic mess. You can be confident that we will not deluge you with forms online or offline. We take the time to care that you are new to this process and we are eager assist you by guiding and answering all of your questions. Our team is qualified and experienced. We are ready to help you: firstname.lastname@example.org. Get in touch today.