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Business Administration

Finance Mauritius: Colourful Mauritius images and beauties.Companies incorporated in Mauritius are regulated by the Companies Act 2001, in effect from 1st December 2001. The Companies Act 2001 provides a modern and efficient framework for companies to carry out their business activities and aims to facilitate enterprise, promote transparency and enhance competitiveness. The company legislation is designed to be clear, flexible and in line with international standards and concerns. The Act also aligns the legal provision governing domestic companies with Global Business Companies.

Finance - The procedures, laws or regulations of Anti Money Laundering services design to control illegal actions in Mauritius.Every foreign company must file with the Registrar its audited financial statements prepared in compliance with International Accounting Standards showing fairly the assets and liabilities, and profit and loss of the operations attributable to its Mauritian business, within six months of the company's balance sheet date. Within three months of its annual meeting, certified true copies of the balance sheet should be submitted accompanied by any documents required to be annexed thereto under the law applicable in its place of incorporation.

 

Finance - The procedures, laws or regulations of Anti Money Laundering services design to control illegal actions in Mauritius.

These are companies which have a fixed period of life/duration. In some countries they are referred to as companies of limited duration (LDC).

An application may be made to the Registrar for the registration of a company as an LLC: (a) at the time of incorporation of the company; (b) by a company incorporated outside Mauritius when applying for continuation or; (c) by an existing company at any other time after incorporation or registration.

 

Finance - The procedures, laws or regulations of Anti Money Laundering services design to control illegal actions in Mauritius.

Any company holding a management licence may, for the purposes of performing the functions of a nominee company and subject to the approval of the Commission, form a nominee shareholding company. The nominee shareholding company shall be a private company registered under the Companies Act 2001 and expressly limit its objects to acting as a nominee company with respect to corporations and to matters ancillary or incidental thereto.

 

 

Finance - The procedures, laws or regulations of Anti Money Laundering services design to control illegal actions in Mauritius.

Management Companies are classified as Financial Service Providers. Management Companies are specially licensed by the Financial Services Commission and they are primarily involved in the formation and administration of Global Business Companies conducting any Qualified Global Business from within the financial sector in Mauritius.

MCs once licensed may offer a range of services that include: processing applications for GBC1 and GBC2; providing company secretarial activities; preparation of accounts; providing registered office facilities; acting as corporate trustees and providing resident directors. MCs may also establish Nominee Shareholding Companies*.

 

 

Finance - The procedures, laws or regulations of Anti Money Laundering services design to control illegal actions in Mauritius.

Report in confidence to the FSC any suspicious dealings by their clients.
Ensure that their business is at all times in conformity with stipulated conditions and the laws of Mauritius.
Take all reasonable measures and exercise due diligence to ensure that their clients are sound and reputable.
Keep books and records in connection with their business of company management that reflect accurately their affairs and business.
Keep separate set of accounts for each company they manage.
Keep separate funds, assets, and property of each of the companies they manage.
Keep in one bank account, separate from their own, all monies held on behalf of their clients.