All companies are required to have a minimum of one director. The Companies Act 2001 also requires all companies other than small private companies to have a secretary and to be ordinarily resident in Mauritius.
All companies must maintain statutory books and records that adequately show the transactions and financial position of the company. All companies, except for domestic private companies with turnover of less than MUR50 million, must have their financial statements audited. These must then be filed with the Registrar.
A domestic company is liable to tax at a flat rate of 15% on chargeable income. Dividends paid by a Mauritius-resident company are exempt from income tax. Foreign dividends are taxable but a foreign tax credit can be obtained for any foreign tax suffered. The foreign tax credit is limited to the amount of Mauritius tax on that income.
All resident domestic companies are eligible to the various tax reliefs that are available under any double tax treaties in place.
