Temple Court, 2, Labourdonnais Street, 11413 Port Louis, Mauritius. (230) 212 9810

Temple Corporate Services provides incorporation services and administrative services to both domestic and global business entities willing to operate in the Mauritian jurisdiction.

Temple Corporate Services, established since 1997, is a Mauritius based management company licensed by the Financial Services Commission (FSC). As part of Temple Group, we hold a solid reputation for providing quality tailor-made management services since we have in-house legal experts.

WHY CHOOSE US?
  • With more than 19 years of rooted experience on the market, we provide services with accuracy and as well as being compliant to the laws. Our in-house Chambers assist clients in legal advisory matters for cross-jurisdictional transactions.
  • Our qualified team is also bilingual (English and French), thus, we ably understand the global investors’ needs.
  • We provide a fair pricing and ensure timely delivery of our services as per client’s requirements.
  • We act as business facilitators and allow our clients to focus more on their market positioning strategy. We take on all the responsibility of liaising with key stakeholders such as Registrar of Companies, Financial Services Commission, The Mauritius Revenue Authority as well as introducing clients to offshore banks in Mauritius.
  • Confidentiality and due diligence issues are fairly handled.
  • Temple Corporate Services does not underestimate the importance of confidentiality for its clients. Therefore Temple Corporate Services will not divulge any information concerning its clients without their prior written consent.
  • However, there may be cases where Temple Corporate Services is obliged by law to divulge information. In such cases, Temple Corporate Services reserves the right to treat the obligation of confidentiality as not applicable.
  • In view of the laws on the prevention of drug trafficking and money laundering, Temple Corporate Services is committed to undertaking thorough due diligence of all clients as far as their identities and the nature of their businesses are concerned. Temple Corporate Services will therefore need to be provided with details of the rationale behind the setting up of entities and their modus operandi. This approach is beneficial to both Temple Corporate Services and its clients.
Mauritius, the preferred gateway for Global businesses

The Mauritian jurisdiction is the preferred gateway to emerging markets and is also increasingly used for setting up of shared services, treasury and headquartering by multinational companies. Apart from its diverse and growing network of Double Taxation Avoidance Agreements (DTAAs) Mauritius offers an ideal business environment that allows for fiscally efficient cross-border investment. Furthermore, Mauritius, through its membership in the

SADC and COMESA, has securedaccess to markets with several African countries, which is reinforced by our Investment Promotion and Protection Agreements (IPPAs) network.

What are the countries with which Mauritius has a DTAA?

Please refer to the Board of Investment website for a list of DTAAs.

IN WHICH CATEGORY IS YOUR BUSINESS?

Global Business Category 1 (GBC1)

Definition

A GBC1 is generally used when income from overseas is mainly in the form of dividends, interest, royalties and capital gains and when DTAAs need to be accessed for treaty benefits.

Companies engaged in financial services business such as banking, insurance, investment management and advisory services will have to be incorporated as GBC1 companies. Where required, such companies will have to obtain additional licences in relation to their proposed activities.

Features

  • Effective tax rate of 0 – 3 %
  • No withholding tax on outward remittances
  • No capital gains tax arising in Mauritius
  • No exchange control requirements
  • Can be structured as a Limited Life Company, a Protected Cell Company, or a Collective Investment Scheme
  • May have a physical presence and/or office in Mauritius
  • May carry out business in Mauritius
  • Access to DTA network

In order to qualify as a tax resident company and be able to access DTAA benefits, a GBC1 needs to appoint two local directors. Temple Corporate Services will provide high calibre directors for a prescribed annual fee.

How long does it take to register?

It takes about two weeks as from the time of the submission of the application and all supporting documents to the authorities for a GBC1 to be incorporated. The process can take longer if the authorities require further information and/or documents in support of the application.

Which banks can a GBC1 or GBC2 approach to open a bank account?

Please refer to the Bank of Mauritius website for a list of licensees.

Global Business Category 2 (GBC2)

Definition

A GBC2 is a cost effective and efficient vehicle for holding and managing private assets and investments. It is commonly used as a trading company and for non-financial consultancy business. It can also be used, inter alia, for aircraft and ship registration.

A GBC2 does not require local directors.

Features

  • Exempt from income tax
  • No withholding tax on outward remittances
  • No capital gains tax
  • No access to DTA network

How long does it take to register?

It takes about one week as from the time of the submission of the application and all supporting documents to the authorities for a GBC2 to be incorporated.

Which banks can a GBC1 or GBC2 approach to open a bank account?

Please refer to the Bank of Mauritius website for a list of licensees.

OUR SERVICES

ADMINISTRATIVE SERVICES

  • Reserve the company name with the Registrar of Companies
  • Provide a registered address as required for residence purposes
  • Prepare and file all statutory documents, including incorporation, change in directorship, change in shareholding pattern and the like
  • Open the necessary bank accounts in major foreign currencies with a bank of your choice
  • Provide other on-going administrative support for your corporate needs

CORPORATE SECRETARIAL AND DIRECTORSHIP SERVICES

  • Maintain the statutory books and registers of your company
  • Prepare, coordinate and attend your company’s directors and shareholders’ meetings and taking minutes
  • Liaise, on your behalf, with other stakeholders for your company like banks, auditors, tax advisors, local authorities and legal advisers
  • Ensure that all statutory filings are done with the authorities on a timely manner
  • Monitor and ensure that your company complies with prevailing legal requirements, such as under the Mauritius Companies Act 2001 and the Code of Corporate Governance

For all Category 1 Global Business Companies, it is a requirement to have at least 2 resident directors on the board. At Temple Corporate Services, we have a pool of professionals with the right qualification, expertise and calibre to fulfill this requirement for your company.

ACCOUNTING AND BOOKKEEPING SERVICES

  • Management reporting, including trial balance, profit & loss statement, income statement
  • Cash management, including bank reconciliation, issuance of invoices and payment processing
  • Preparation of financial statements in accordance with international standards – monthly, quarterly, half-yearly or yearly
  • Calculation of NAV – daily, weekly, monthly, quarterly, half-yearly or yearly
  • Liaising with the auditors and ensure timely completion of the statutory audit process

TAX SERVICES

  • Prepare and submit income tax computations and returns by the due dates
  • Deal with enquiries from tax authorities
  • Deal with tax assessments and negotiate with the tax authorities on your behalf
  • Register for VAT purposes
  • Maintain records and other documents in compliance with VAT legislation

We will ensure that your company is in compliance with the prevailing tax legislations.

PAYROLL SERVICES

  • Calculation of monthly payroll
  • Employer registration with the Mauritius Revenue Authority (MRA)
  • Calculation of statutory deductions like NPF/NFS, levy and the like
  • Issuance of payslips
  • Ensure your company complies with all the payroll-related statutory requirements and obligations that your company is in compliance with the prevailing tax legislations

TRUST SERVICES

When is a Trust used?

A trust comes into existence when the settlor (an individual or corporate body) gratuitously transfers the legal ownership of assets to the trustee to hold same for the benefit of the beneficiary, or for a specific purpose.

Trusts have traditionally been used for family inheritance planning. They are also frequently used in planning against capital taxes and protecting assets against potential speculative litigation.

What are the key features of a Trust?

  • Can elect to be non-resident and be tax-exempt in Mauritius
  • Can hold a GBC1 licence and have access to DTA network
  • Anti forced heirship rules
INDUSTRIES WE COVER
Hospitality

 

Manufacturing

 

Financial Sector/Insurance
Construction

 

Real-Estate
Technology

 

Textile
DISCOVER OUR EXPERTS
Nitish Dussoye

Nitish Dussoye

Corporate - Senior Executive

Nitish holds a BSc (Hons.) in Public Administration and Management as well as a Master in Business Administration with specialisation…

read more
Sachin Luchumun

Sachin Luchumun

Senior Executive - Corporate and Administration

Sachin holds an MSc in Information Management and Systems from Monash University in Australia. He also holds a Postgraduate Diploma…

read more

LEGAL SERVICES

Corporate and Business Law
Taxation
Non Banking Financial Services
Banking and Insurance
Insolvency Law
Employment Law
Cross Border Transactions
Litigation
Dispute Resolution
Trusts
Property Law
Torts
Damages
Arbitration
Mediation

PUBLICATIONS SERVICES

Local Publications
LexisNexis Online

CORPORATE SERVICES

Corporate Formation and Administrative
Corporate Secretarial
Accounting and Bookkeeping
Tax
Payroll
Immigration/Expatriate

GLOBAL BUSINESS SERVICES

Administrative
Corporate Secretarial and Directorship
Accounting and Bookkeeping
Tax
Payroll
Trust

COMPLIANCE SERVICES

Regulatory Support
AML Compliance Consultancy
Corporate Governance

BUSINESS ADVISORY SERVICES

Transaction Advisory (vendor/transaction due diligence)
Business Valuation (including fund valuation)
Viability Review/Independent Business Review
Recovery and Reorganisation – assessment of strategic alternatives, exit strategy
Organisation Design
Change Management
General Management/Business Leadership Review
Project and Market Feasibility
Start-Up Incubator and Aggregator

TRAINING SERVICES

Anti-Money Laundering
Designing Compliance Frameworks
The Risk Based Approach
MLRO Training
Corporate Governance
FATCA/CRS
Financial Crime Compliance