Authorized Company

An Authorized Company can carry out any lawful business activities except the following activities which are set out in the Fourth Schedule to the Financial Services Act 2007:

- • 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, nominee services, directorship services, secretarial services, or other
- services for corporation; and
- • Providing trusteeship services by way of business.

The tax implication of an authorized company are as follows:

- • treated as non-resident for tax purposes in Mauritius;
- • required to file an annual tax return with the Mauritian Revenue Authority (MRA).

Key requirements/features of an Authorized Company:

An applicant for an Authorized Company should meet the following conditions:

- • the majority of shares or voting rights or the legal or beneficial interest in the company, are held or
- controlled, as the case may be, by (a) person(s) who is/are not a citizen(s) of Mauritius;
- • the activity (ies) of the Company is/are being conducted principally outside Mauritius or with such category
- of persons as may be specified in FSC rules; and
- • the company has its place of effective management (POEM) outside Mauritius.

Our professional services to Authorized companies include:

- • Advice on company set up
- • Incorporation of the company and liaising with the authorities
- • Day-to-day business and corporate administration services:
  - • Provision of directors, secretary, and nominee shareholders
  - • Processing of routine trasnfers
  - • Payment of regulatory fees
- • Maintenance of books and accounting records
- • Preparation and filing of financial statement and annual tax return
- • Ensuring post-statutory compliance with the company and tax laws (filing of changes on Directors,
- Shareholders)