Open an SPV Company in Mauritius

If you want to open an SPV company in Mauritius and need assistance, you can rely on our local consultants.

Who can open an SPV in Mauritius?

The SPV is available for registration for both local and foreign companies.

What is a Special Purpose Vehicle how can it be used in Mauritius?

The Special Purpose Vehicle (SPV) in Mauritius can also take the form of a Variable Capital Company (VCC), which can be used to create investment funds. This is a subsidiary usually created by another company (parent firm) to pool money from various investors.

Also, the Special Purpose Vehicle or Entity is a company that can be opened to serve a certain purpose, among which:

• to reduce the risks of the parent company when doing business in Mauritius;
• to manage certain assets;
• to reduce the financial burden of the parent company;
• to invest in certain sectors, such as private equity and real estate.

What are the legal forms used to create SPEs in Mauritius?

In Mauritius, the Special Purpose Vehicle can be registered as:

• a Global Business Company (the so-called offshore company);
• an Authorized Company;
• a Variable Capital Company;
• a Protected Cell company which enables the separation of the assets of the parent company into various cells;
• a company limited by guarantee which is a limited liability company resembling similar business forms in other countries.

NOTE: Our prices for Global Business and Authorized Companies are USD 6,000, respectively, USD 2,500. Our agents can also offer tailored consultancy on the business form to choose based on your project.

How can you help me set up an SPE in Mauritius?

Once you select the right business form for you, we can handle:

• the creation of the constitution documents for the SPV company;
• open a Mauritius bank account for corporate use;
• file the necessary paperwork with the Registrar of Companies;
• register for taxation.

The procedure for establishing a Mauritius SPV company is not different from that of opening a domestic business. You can also rely on us for Mauritius company formation solutions if you want to set up a commercial entity.

What are the requirements to open an SPV in Mauritius?

The main requirements to create an SPV under one of these 2 legal entities are:

• appointing at least 2 directors resident in Mauritius (a GBC substance requirement) and who are qualified or have the expertise to manage a business;
• it must also have an accredited company secretary;
• it must keep its primary bank account open in Mauritius;
• it must keep its accounting records up to date at all times;
• it must have its registered office in Mauritius.

Such a company must file an annual tax return with the Mauritius Revenue Authority and must have statutory financial statements audited.

What are the documents to prepare when opening an SPV in Mauritius?

The following:

• the trading name reservation form;
• a business plan or other documents providing detailed information about the purpose of the SPV;
• Know Your Client documents (proof of address, bank reference);
• details about the parent company;
• source of funds for the capital injected in the SPV;
• other documents, based on the projects of the company.

How long does it take to open an SPV in Mauritius?

The entire procedure can take about 2 weeks to complete through our registered agent services in Mauritius.

What are the advantages of a SPV in Mauritius?

Opening a SPV company comes with several advantages, among which:

• access to a diversified portfolio for investors;
• the possibility for investors to create a track record;
• access to various investments;
• tax efficiency (an 80% partial exemption on specified foreign-source income for GBCs).

What are the main operations that a Mauritius SPE can undertake?

Here are some of the operations an SPV can carry out:

• real estate development and acquisition;
• financing various projects;
• private equity investments;
• securitization activities;
• intra-group restructuring;
• fundraising activities.

How are SPVs taxed in Mauritius?

When structured as a GBC, a 15% corporate tax is imposed; however, the SPV can benefit from an 80% exemption on qualifying income from dividends, interest, and foreign-generated income. For collective investment schemes and closed-end funds, 95% of interest income is exempt.

If you decide to set up an SPV company in this jurisdiction, contact us.