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Global business.

Setting up your entity

Navitas offers entrepreneurs, multinational companies, foreign international companies, fund managers, high net worth individuals, risk capital investors and individual clients, various benefits for the structuring of their entities in Mauritius.

Navitas is licensed by the Financial Services Commission (FSC) to accompany a selection of businesses in setting up their entity in Mauritius.

A proposed entity owned and controlled by non-citizen shareholders and conducting business mostly outside of Mauritius, will have to be a Global Business Company (GBC) or an Authorised Company.

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Admin & Legal

Navitas specialises in a variety of corporate services and offers many benefits when it comes to structuring your entity in Mauritius.

  • Pre-Incorporation
  • Post-Incorporation

Accounting & Tax

Navitas is registered with the Mauritius Institute of Professional Accountants (MIPA) as Public Accountants. We specialise in outsourced accounting & tax as well as reporting services, for hundreds of clients operating in various sectors of the Mauritian and international economy.

  • Administration
  • General Accounting
  • Payroll
  • Returns
  • Reporting
  • Taxation

Additional services

Investing in Mauritius
Immigrating to Mauritius

Setting up your entity

Navitas offers entrepreneurs, multinational companies, foreign international companies, fund managers, high net worth individuals, risk capital investors and individual clients, various benefits for the structuring of their entities in Mauritius.

Navitas is licensed by the Financial Services Commission (FSC) to accompany a selection of businesses in setting up their entity in Mauritius.

A proposed entity owned and controlled by non-citizen shareholders and conducting business mostly outside of Mauritius, will have to be a Global Business Company (GBC) or an Authorised Company.

 

Global business companies (gbcs)

In Mauritius, GBCs are tax resident companies that benefit from all Double Taxation Treaties (DTAs) signed by Mauritius.

A GBC will be required to carry out its income generating activities in or from Mauritius, through the direct and indirect employment of suitably qualified persons. It should also incur a minimum level of expenditure in accordance with its level of activities.

Additionally, it is mandatory for the holder of a GBC to be managed and controlled from Mauritius, and administered by a company like Navitas, which holds a Management Company license from the FSC.

GBCs are taxed at a 15% rate, with the following exceptions:

  • 3% tax rate if engaged in exports of goods;

  • 3% or less if income sources are dividends and/or interests from a foreign source;

  • 3% tax rate on overseas income derived by a Collective Investment Scheme (CIS), closed ended funds, CIS manager, CIS administrator, investment advisor or asset manager;

  • No capital gains tax;

  • No withholding tax on payment of dividends to shareholders.

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Authorised Company

In Mauritius, Authorised Companies are non-resident for tax purposes, which means they do not have access to treaty benefits. In order to set up such a company, the business’s majority of shares, voting rights or legal & beneficial interests must be held or controlled by a non-citizen.

Additionally, the company must apply with the Financial Services Commission (FSC) for a Global Business License if it…

  • proposes to conduct or conducts business principally outside Mauritius, or with such category of persons as may be specified in FSC Rules; and

  • has its place of effective management outside Mauritius.

Navitas assists you with…

  • The setting up of all available types of corporate vehicles (limited by shares, by guarantee, limited life…);

  • The drafting of constitutions, shareholders’ agreements, share sale and purchase agreements;

  • Your application with the Economic Development Board (EDB) and the relevant authorities for different permits, including investor, self-employed, retired, professional, tourist enterprises-related and business operations permits, among others.

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Admin & Legal

Pre-Incorporation
Post-Incorporation

  • Acting as company secretary;

  • Safe keeping and updates of all required statutory registers;

  • Full management of your board and committee meetings processes;

  • Provision of resident directors;

  • Provision of a registered office address;

  • Advice and application on your behalf for all required licenses you need to conduct business;

  • Registration of your trademarks and trade names;

  • Registration of your company with the Data Protection Office;

  • Advice on, and implementation of, the code of corporate governance and best business practices;

  • Advice on, and implementation of, all company laws actions, including issue of shares, restructuring of capital, name changes, share transfers, share splits, amalgamations…

Accounting & Tax

Administration

  • Preparation of sales invoices;

  • Sending of statements to customers;

  • Payment of suppliers;

  • Opening of letters of credit and management of the processes for other trade banking instruments;

  • Registration of your company with the Mauritius Revenue Authority (MRA) and other relevant authorities;

  • Assistance in other, similar administrative tasks.

General Accounting

  • Processing of all your accounting source documents; 

  • Journal entries;

  • Bank reconciliations, as well as customer and supplier reconciliations;

  • Assistance in other, similar accounting tasks.

Payroll

  • Computarisation and preparation of monthly payrolls;

  • Sending of payslips to employees;

  • Monthly returns to all statutory authorities;

  • Assistance in other payroll-related tasks.

Returns

  • Filing of Value Added Tax (VAT);

  • Corporate income tax;

  • Tax deduction at source (TDS);

  • Filing of all employment-related returns;

  • Assistance in other tax required returns.

Reporting

  • Preparation of your management accounts as per a pre-agreed reporting format, reviewed on a monthly, quarterly, semesterly or yearly basis;

  • Variance analyses;

  • Preparation of your forecasts and budgets;

  • Preparation of annual financial statements for filing by the Company Secretary.

Taxation

  • Advice on Mauritian tax and tax treaties signed by Mauritius;

  • Computarisation of all taxes payable in Mauritius; 

  • Computarisation and payment of tax in advance (APS);

  • Computarisation and refunds requests from the relevant tax authorities;

  • Assisting with tax disputed with the Mauritius Revenue Authority;

  • Answer to all your tax enquiries.