General jurisdiction information:
Mauritius (officially known as The Republic of Mauritius) is an island state in the western part of the Indian Ocean.
A picturesque landscape, surfing, diving, open sea fishing and numerous hotels offering seamless service are the main factors that attract crowds of tourists and active holiday fans from around the world.
The population of the country is around 1,300,000 and the capital city is Port Louis close by which there is an international airport.
The export of sugarcane, tourism, a services sector and revenue from companies incorporated in the country are the main sources of national income.
Mauritius is commonly recognised as a modern and trusted offshore centre with strong growth potential offering a variety of business opportunities. This is facilitated by diverse tax incentives, an advanced infrastructure and hi-tech telecommunications.
According to the regulations of The Financial Services Act of 2007 two types of company can be incorporated in Mauritius:
- Global Business Company I (GBC I) has a number of incentives and may do business within the country and internationally. The operations of such company is taxable at reduced rates;
- Global Business Company II (GBC II) is a conventional offshore formation operating totally outside of the country of incorporation and exempt from tax, however an annual fixed fee is imposed.
The official language is English.
The official currency is the Mauritian Rupee (MUR).
With the view to maintaining the good reputation of the country, the Government of Mauritius has adapted local legislation to fall in line with The International Money Laundering Prevention and Fighting of Terrorism Financing Rules.