Authorised Company (AC)

Service Overview

An Authorised Company (AC) is a company incorporated in Mauritius that is licensed by the Financial Services Commission (FSC). AC allows non-citizen of Mauritius to set up a company in Mauritius for activities that are carried out principally outside of Mauritius. ACs must have its central management and control outside of Mauritius. ACs can provide a legally compliant structure for international business activities seeking to optimise tax structures.

Key Features

• FSC Licensing: ACs require specific FSC authorization for the activities they wish to conduct
• Activities: The activities of ACs should be conducting or propose to conduct principally outside Mauritius and its central management and control should be outside Mauritius
• Separate Legal Entity: ACs are independent legal entities with full corporate personality
• Taxation: Complete tax exemption on worldwide profits in Mauritius. AC is not tax resident in Mauritius but is subject to tax on any Mauritian source income at normal local tax rates
• Compliance Obligations: ACs are subject to FSC supervision, including compliance with AML/CFT regulations, should maintain financial records and file a financial summary with the FSC, should file a return on income with the MRA
• Governance: ACs must appoint at least one director who can be Mauritian or foreign but must be a non-resident. ACs do not have minimum capital requirements

How Helm can assist

We offer full administrative support including incorporation, corporate services, compliance monitoring, and annual reporting to the FSC.