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Authorised Company (AC)

A company having its principle place of effective management outside Mauritius and meeting the following criteria shall mandatorily be required to seek authorisation from the FSC to be an Authorised Company (“AC”).
Citizenship Test
The majority of shares or voting rights or legal or beneficial interest in a resident corporation (other than a bank licensed by the Bank of Mauritius and such other corporation as may be specified in FSC rules) are held or controlled by a person who is not a citizen of Mauritius.

Conduct of Business Test

The corporation proposes to conduct business principally outside Mauritius or with such category of persons as may be specified in FSC Rules.

An AC must have at all times a registered agent in Mauritius which shall be a management company.

To set up an Authorised Company in Mauritius, it is required that the company’s (other than a bank) majority of shares, rights to vote, legal or beneficial interest are detained or controlled by a person or a group of people who are not Mauritian citizens.

An Authorised Company is also required to appoint a registered agent in Mauritius. Management Companies are specifically commissioned to act as permanently- registered agent, and are responsible for the administration of the company.

Their duties towards these companies include:

  • filing of return of income with the Mauritius Revenue Authority (MRA);
  • filing of a financial summary with the FSC;
  • filing of any document required under relevant Acts;
  • safekeeping of records (board minutes and resolutions, transaction records and
    such other documents as required by the FSC); and
  • undertaking measures to combat money laundering and terrorist financing,
    and any other related offences as specified by the FSC.

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Tax Features

Companies incorporated in Mauritius and having their place of effective management outside Mauritius shall be treated as non-resident. No tax shall be payable in Mauritius but they shall be required to submit a return of income to the MRA.

Authorised Company Licences

Authorised Companies are appropriate for activities such as:

Investment Holding

Property Holding

International Trade

Management & Consultancy

IT Services

One-off transaction using a Special Purpose Vehicle

Logistics

Shipping and ship Management

Authorised Companies are not allowed to perform the following activities:

Financial services, including banking

Holding, managing, or dealing with a Collective Investment Scheme (or Fund) as a professional administrator

Providing registered office facilities, or nominee, directorship and secretarial services, or other services to corporations

Providing trusteeship services

Authorised companies are also prohibited to carry out any other activities that may damage reputation of Mauritius as an International Financial Centre (as determined by the FSC), or contrary to public interest.

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Authorised Company (AC)

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