Here is what you need to know about setting up an Authorised Company (AC) in Mauritius:
🔹 What is an Authorised Company?
An Authorised Company (AC) is one of the two types of companies in
Mauritius that may be set up by a foreigner to conduct
international business activities, i.e business outside of
Mauritius. The AC is not tax resident in Mauritius and has to have
its place of effective management outside Mauritius. As such, it
cannot avail of DTA benefits.
🔹 Uses of an Authorised company?
An AC is often used as follows:
- To conduct business where no DTA benefits/protection is required.
- To carry out activities such as investment holding, Re-invoicing and International Consulting.
- Where substance requirements is not an objective for the client.
🔹 Key Features
- No requirement for Mauritian resident directors
- No audit obligation
- Only foreign currency transactions permitted
- Exempt from filing annual financials
- Only a financial summary and annual return to be submitted to the FSC & MRA
- No access to DTAs
🔹 Business Activities Not Permitted for An AC
- Banking
- Financial Services
- Carrying out the business of holding or managing or otherwise dealing with a collective investment fund or scheme as a professional functionary.
- Providing registered office facilities
- Providing trusteeship services by way of business.
🔹 How to Set Up an AC in 2 Easy Steps
- Incorporation with the Mauritius Registrar of Companies
- Authorization by the Financial Services Commission (FSC)
Applications must go through a licensed Management Company like Axis, ensuring full compliance.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
