Mauritius GBC II

Mauritius is an English speaking country in the Indian Ocean. It is a former British Colony which became independent in 1968 and joined the Commonwealth. It is basically a parliamentary democracy on the British style.

It has recently established a modern presence as an offshore financial center, with the passing of the Companies Act in 2001. The form of offshore company is the Global Business Company (GBC) Category 2 which is similar to the British Virgin Islands IBC.

Offshore companies registered in Mauritius are tax free and there is no requirement to file annual returns or audited statements with government authorities. Mauritius has not been classified as a tax haven by the OECD and is not party to any exchange of information agreements with any country.

All incorporation documents are in English. A Mauritius company may do business anywhere in the world. There is no requirement for Directors and Shareholders to be resident in Mauritius and they can be of any nationality. Meetings of Directors and Shareholders can be held anywhere in the world, either in person or by phone.

Bearer shares are not allowed. Share capital is unlimited and there are no extra fees for high capitalization.

There are some important restrictions on the type of business that the company can engage in. The company cannot:

· Engage in Banking, Insurance, Trusts, or Trusteeship services.

· Engage in gaming.

· Raise capital from the public.

· Provide financial services, including financial consulting.

· Be a Fiduciary in an investment fund or any collective investment scheme.

· Be a Fund Manager.

Otherwise the company can engage in the usual commercial activities.

OFFSHORE COMPANY MANAGEMENT SERVICES AVAILABLE

Nominee Directors & Shareholders, Accounting Services, Corporate Identity Package, Mailing Address, Basic Account Maintenance, Invoicing Services, Employee Contracts, Document Safekeeping and general Corporate services for company changes/ restructuring etc.

CONFIDENTALITY

Confidentiality is strictly observed in terms of the FSD Act. No person or body is authorized to disclose information or present documentation to any court, tribunal, committee or inquiry or other authority in Mauritius unless ordered to do so by a Court of Law on application by the Director of Public Prosecution for inquiry into the trafficking of narcotics and dangerous drugs, arms trafficking or money laundering as defined under existing legislation.

The identity of Directors and Shareholders must be provided to the Registrar of Companies through the filing of a Consent Form on incorporation. Confidentiality however, can be maintained through the use of nominee Directors & Shareholders, provided by our firm.

NAME RESTRICTIONS

The following names requires the consent of the Minister to be used: Bank, Insurance, Assurance, Authority, Government, Mauritius, National, President, Presidential, Regional, Republic, State, Municipal, Chartered, Co-operative, Chamber of Commerce or any name which in the opinion of the Registrar is likely to suggest the patronage of any level of government in Mauritius or elsewhere.

SUFFIXES TO DENOTE LIMITED LIABLITY

The following can be used:

Limited or Ltd, Limited or Ltd., Corporation or Corp., Incorporated or Inc, Societe Anonyme or SA and virtually any others recognized by other countries.

FEES FOR REGISTRATION	US$
One Mauritius GBC 2, door to door courier included	$1.600,00

The aforementioned fee also includes the following:

- Verification of the proposed names for the company at the registrar

- Memorandum and Articles

- Certificate of Formation

- Share certificates

- Share register

- First minutes

- Power of attorney

- Undated and signed resignation letter from the nominee director

- First year of the license fee.

The nominee director service is rendered free of any cost to you for the first year.

OPTIONAL SERVICES	US$
Corporate documents with Apostille	$315,00
Twelve (12) months of Virtual Office (Mail forwarding from a
PO Box in Panama)	$350,00
Bank account in:
Panama	$500,00
Bahamas	$600,00
Belize	$600,00
Cyprus	$600,00
Seychelles	$600,00
Nevis	$600,00
St. Vincent and The Grenadines	$600,00
St. Lucia	$600,00
Switzerland	$600,00
Austria	$600,00
RENEWAL FEES	US$
With nominee director, registered agent and annual license fee
payable to the government of Mauritius	$1.140,00
Without nominee director, registered agent and annual license
fee payable to the government of Mauritius	$940,00