- par value shares may be stated in more than one currency;
- fractional shares are allowed;
- bearer shares are not allowed;
- shares may be subscribed by nominees;
- shareholders may be individual or corporate;
- may acquire, redeem, reissue or purchase its own shares.
A domestic company, also known as a local company, is an entity incorporated under the laws of Mauritius by the Registrar of Companies and governed by the Companies Act 2001, the Business Registration Act 2002 and the Income Tax Act 1995, amongst other legislations.
A domestic company is a ‘small private company’ where the turnover is less than MUR50 million. The use of a domestic company is the best way to conduct business with Mauritian residents and is the preferred route to investing in Mauritius but it can also be used for various other purposes.