Mauritius Offshore Company Setup and business in dubai UAE - ATBSS
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Mauritius Offshore Company Setup

Mauritius Offshore Company Setup: The offshore in Mauritius is in the form of GBL 1 companies.A brief overview of the features of GBC1 Company is set out below:

General Overview

Type of CompanyGBL 1
Company LawMauritius Companies Act 2001
Access to DTAYes
Beneficial OwnershipMust be disclosed to the FSC and the Banks only.
Migration In and OutAllowed
Conversion from GBL 1 to GBL 2Allowed

Formation and Requirements

 
Time to establish2-3 weeks after provision of all required documents
Company Due Diligence/KYC requirementsPromoters, beneficial owners/shareholders, directors,bank account signatories.
List of Customer Due Diligence(Individual)For more information , see our CDD sheet
List of Customer Due Diligence(Corporate)For more information , see our CDD sheet
Business plan should include(i) nature of business; (ii) amount of capital investment; (iii) sources of investment funds or capital; (iv) projected forecasts (inflows and outflows) for first three years; and (v) target markets or investment areas
DirectorsMin 2 { 2 Local directors required for tax residency certificate – to be provided by Anex Management}
MembersMin 1 – Nominee shareholder can be used
Company SecretaryRequired – Provided by Anex Management
Share CapitalAny Currency except Mauritian Rs – Min Paid up is USD 1.
Types of SharesDifferent classes of shares can be issued and rights of the different classes may differ Shares can be of parvalue or no par value Shares may be redeemable, non- voting or confer preferential, special or limited rights to income, capital or voting as specified in the constitution (by-laws)
Board MeetingsProvides for meetings of directors to include at least 2 directors from Mauritius.
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