Authorised Company

Authorised Company (AC)

An Authorised Company (AC) is an extremely versatile corporate entity for the purpose of e.g. a private portfolio holding company, trading company, aircraft and ship registration and property holding companies. An AC may be locally incorporated in Mauritius or registered as a branch of a foreign company. It is licensed and regulated by the Financial Services Commission of Mauritius.

At a glance

Significant Features

does not need to submit audited accounts but a financial summary needs to be filed with the Financial Services Commission in Mauritius (FSC) within 6 months of the year end;
high degree of confidentiality;
may not engage in reserved activities such as financial services, banking and insurance;
may not hold any account in a bank in Mauritian currency (MUR);
requires a management company such as Lemuel Corporate & Trust Management Ltd as a registered agent at all times;
all meetings can be carried out where the directors or shareholders deem fit; and
may hold shares in a Global Business Corporation (GBC).

Purposes

once-off transaction using a Special Purpose Vehicle (SPV);
any other activity as may be approved by the FSC in Mauritius;
activities where double taxation treaty considerations do not apply;
activities where a physical presence in Mauritius is not required;
non-financial consultancy;
passive investment holding;
shipping and ship management;
non-financial trading;
marketing services;
logistics services; and
IT services.

Taxation

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

Regulatory Requirements

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 outside Mauritius.

Products

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