Under the Financial Services Act 2007, where the majority of shares of voting rights or the legal/beneficial interest in a company incorporated in Mauritius are held or controlled, by a person who is not a citizen of Mauritius and such company proposes to conduct business principally outside of Mauritius and has its place of effective management outside Mauritius, it shall apply for an authorisation from the Financial Services Commission ('FSC') to become an Authorised Company.
An Authorised Company is not considered as tax resident in Mauritius and as such, its income is not subject to tax in Mauritius, unless such income is derived from Mauritius. Unlike a Global Business Company (which is another type of company that can be incorporated in Mauritius), an Authorised Company cannot benefit from the network of double taxation avoidance agreements ('DTAA') which Mauritius has in place with various countries.
An Authorised Company shall have at all times a registered agent in Mauritius which shall be a Management Company. IQ-EQ Mauritius is duly licensed by the FSC to act as Management Company in Mauritius.
Our clients base includes Fortune 500 companies, Forbes listed entities, high net worth individuals, major development financial institutions, top fund managers and institutions, as well as start-up fund managers and family businesses.
IQ-EQ Mauritius provides the following services to international investors and multinationals:
- Establishment of Global Business Corporations, Authorised Companies, domestic companies and funds
- Accounting services
- Anti-Money Laundering services
- Back-office administration
- Compliance solutions, including regulatory compliance
- Corporate services
- Domiciliation services
- Establishment and administration of trusts
- Expat services
- Fund administration and accounting
- Product structuring
- Provision of directorships and nominee shareholders
- Setting up of Foundations and Limited Partnerships
- Stock Exchange Listings
- Tax compliance
- FATCA and CRS reporting