Expand to Mauritius – A Guide to Setting Up an Offshore Company or Trust

CONTENTS

• South Africa: An Overview
  • The lacklustre South African economy
  • The South African economy and taxes
  • Capital allocation: locally or abroad?
• Mauritius: An Overview
  • Livability
  • The economy
• Doing Business in Mauritius
  • Some quick-fire facts on why you should be doing business in Mauritius
  • Ease of doing business
  • Business or trust setup process
  • Tax benefits
  • Strategic location
  • Start-ups and SME support
  • Infrastructure
  • Standard of living
  • Legal and regulatory framework
  • Establishing a business in Mauritius
  • What is a Global Business License (GBL)?
  • What is an Authorized Company (AC)?
  • What is a Domestic Company?
  • What documents do I need to set up a company in Mauritius?
  • When setting up my company, do I have to rent office space in Mauritius?
  • Can I open a bank account in Mauritius?
  • Your company
  • You
  • Buying property in Mauritius
• Residency/Occupation Permits
  • Can I get a residency permit in Mauritius for me and/or my family?
  • Can I retire in Mauritius?
  • What type of Occupation Permits are available?
  • Investor
  • Investor in high technology machines and equipment
  • Investor for innovative startups
  • Professionals
  • Self-employed
  • Purchase of a property
  • Dependents of Occupational or Retirement Permit Holders
  • Is permanent residency in Mauritius possible?
• Compliance and taxes
  • What statutory requirements does my company have to adhere to?
  • Value Added Tax (VAT)
  • Withholding Taxes (WHT)
  • Corporate Tax
  • Individual taxes
  • Special tax holiday schemes
  • Residents and non-residents
  • Economic Substance Regulations (ESR)
  • Common Reporting Standards (CRS)
  • Ultimate Beneficial Ownership (UBO)
  • Anti-Money Laundering (AML)
• Trusts
  • An overview
  • The advantages of using a trust structure in Mauritius
  • Confidentiality
  • Taxation on a trust in Mauritius
  • The Tax Implication for South African Residents
  • Tax residency
  • Income tax
  • Anti-avoidance
  • Estate duties
  • Ceasing to be a South African Tax Resident
  • Other relevant sections of the Income Tax Act
• Addendum: South African Tax Implications – A short overview
  • SECTION 7 – WHEN INCOME IS DEEMED TO HAVE ACCRUED OR TO HAVE BEEN RECEIVED
  • SECTION 7C – LOAN, ADVANCE, OR CREDIT GRANTED TO A TRUST BY A CONNECTED PERSON
  • SECTION 9H – CHANGE OF RESIDENCE, CEASING TO BE A CONTROLLED FOREIGN COMPANY (CFC) OR BECOMING HEADQUARTER COMPANY
  • SECTION 9D – CONTROLLED FOREIGN COMPANIES (CFC)
  • SECTION 10B(2) AND (3) – EXEMPTION OF FOREIGN DIVIDENDS AND DIVIDENDS PAID OR DECLARED BY HEADQUARTER COMPANIES
  • SECTION 25B AND (2A) – INCOME OF TRUST AND BENEFICIARIES OF TRUST
  • SECTION 31 – TAX PAYABLE IN RESPECT OF INTERNATIONAL TRANSACTIONS TO BE BASED ON ARM’S LENGTH PRINCIPLE
  • SECTION 64B OF THE EIGHTH SCHEDULE – DISPOSAL OF EQUITY SHARES IN FOREIGN COMPANIES
  • SECTION 80(3) OF THE EIGHTH SCHEDULE – CAPITAL GAINS ATTRIBUTED TO BENEFICIARY
  • SECTION 80A TO 80L – GENERAL ANTI-AVOIDANCE RULES (GAAR)
  • PLACE OF EFFECTIVE MANAGEMENT (POEM)
  • CENTRAL MANAGEMENT AND CONTROL (CMC)