An offshore company is an organization where the owner registers in a different jurisdiction from which the original one exists. This article will explain all the requirements for a smooth offshore company setup in Mauritius.
What Documents Are Required When Setting Up an Offshore Company in Mauritius?
Please avail the following documents when incorporating your offshore company for financial benefits.
Passports
The Mauritian registrar needs certified copies of all the shareholders’ passports to register the offshore company. Similarly, all the beneficial owners must equally attach certified passports for smooth company incorporation.
Proof of Address
Kindly confirm your address to the registrar by submitting certified proof for company registration. Technically, all shareholders, directors, and owners must submit these files for the registrar to authorize offshore company registration.
Reference Letter
Obtain this document from the auditor, attorney, or a licensed bank for your offshore company to get incorporated.
Know Your Clients
All the directors must fill in and sign the KYC for the Mauritian government to register their offshore company.
Main Bank Account
The responsible Mauritian official needs proof that the offshore company’s primary bank account is in Malaysia to approve the registration.
Interestingly, the requirements for a trust set up in Mauritius are slightly similar, like proof of address. However, you shouldn’t hesitate to call the responsible government agency to get comprehensive details of the updated requirements.
What’s the Primary Benefit of Offshore Company Set-up in Mauritius?
Registering an offshore company in Mauritius guarantees better profits because the organization does not pay taxes to the Mauritian government. Therefore, company directors can send the money to their home country and share the profits.
Is Residency Mandatory for Offshore Company Setup in Mauritius?
No, it isn’t! A director or shareholder doesn’t have to be a resident for the registrar to incorporate their company in Mauritius. However, they need certified proof of address to ascertain your country of origin and residence.
How Long Does Offshore Company Setup Mauritius Take?
An expert requires a maximum of one week (7 days) to set up such an organization for their client. In rare cases, it can extend to up to two weeks if you don’t provide all the highlighted documents simultaneously.
Main Points
In closing, an offshore company setup in Mauritius is worth the struggle because it guarantees asset protection and better profits. Therefore, you should use the shared information wisely to incorporate your firm soon to leverage new business opportunities.
