Here is why businesses set up their headquarters in Mauritius
Here are the benefits of having your headquarters in Mauritius
Companies holding a Global Headquarters Administration Licence are allowed to establish their headquarters in Mauritius and to provide headquarter services, namely (at least three of the following services to at least three related companies):
- administration and general management;
- business planning;
- development and coordination; and
- economic or investment research and analysis.
In addition, companies establishing their headquarters in Mauritius are eligible for an 8-years tax holiday on corporate income. This combines with the distinctives attributes of Mauritius:
- Extensive bilateral and multilateral agreements with African countries (including in areas of taxation, trade and investment)
- Hybrid legal system (Common Law and French Civil Code)
- First country in Africa for doing business (World Bank’s Ease of Doing Business Index)
- Good corporate governance (1st in Africa on Mo Ibrahim’s Governance Index)
- Reliable banking system
- Qualified and experienced workforce (English and French)
- Stable democracy (1st in Africa)
- No foreign exchange controls, capital gains, nor withholding tax
We help you in the setting up and administration of your headquarters in Mauritius
Magnacura Pharma Inc. (part of the African Avacare Group) has recently obtained the ‘Global Headquarters Administration’ licence with the assistance and guidance of international service provider Sunibel Corporate Services. With our 100% success in applications for the Global Headquarter Administration licence, Magnacura Pharma counts among a handful that have obtained approval to establish their headquarters in Mauritius.
According to Dr. Vikramkumar Naik, the Founder and CEO of Magnacura Pharma: “Obtaining the Global Headquarters Administration licence is an important milestone in our strategy, one which will allow us to expand our reach locally and internationally. The team of Sunibel Corporate Services Ltd provides professional advice and is solutions-oriented as experienced and knowledgeable specialists smoothly accompanying us all way through. We are proud to say that Sunibel Corporate Services is a trustworthy and reliable service provider for specialised licences in Mauritius”.
Magnacura Pharma establishing its headquarters in Mauritius restate the leading position of Mauritius as a business and financial hub for the African region, an evidence that the island nation is a compliant and transparent International Financial Centre,and a jurisdiction of repute and substance. Sunibel Corporate Services is proud to contribute to their project of improving the lives of the continent’s population.
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The Global Headquarters Administration Licence
With the objective of establishing Mauritius as an International Financial Centre for multinationals doing business in Africa, the government introduced, in 2016, the Global Headquarters Administration licence. Today, the licence has proven to be crucial in enabling several multinational companies to effectively set up their regional administration, procurement and accounting offices within the International Financial Centre of Mauritius.
Further to standard Global Business Company licencing requirements, a company that holds a Global Headquarters Administration Licence also needs to meet the following requirements:
- have a physical office in Mauritius;
- employ a minimum of 10 professionals, with at least two at managerial level; and
- incur annual expenditure of at least MUR 5 million (approx. USD 150,000).
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