The points given below are important, so far as the difference between corporation and company is concerned: The word Corporation is defined in section 2 (11) of the Companies Act while the term Company is defined in section 2 (20) of the Companies Act. Understanding the difference between the two types of shares allows for more accurate calculations of financial ratios and a better understanding of a company's financial stability. The GBC2 regime has been phased out and replaced by the ‘Authorised Company’ regime. Authorised capital is the maximum number of shares a company can issue multiplied by its par value or the nominal value of one share in the company. This means that if a company decides that it can issue up to a maximum of 100 million shares with a par value of $1, the authorised capital of the company would be $100 million.

private limited company or one person company or limited company will have its share capital classified under various types in the financial statements. US $ 235. Incorporation time: About 15/20 days. Authorised Company. NEW RULES FOR AUTHORISED COMPANIES The Global Business sector is currently undergoing a major reform in a bid to enhance the competitiveness and transparency of Mauritius as a financial centre and its adherence to globally accepted standards. Max 5 days. Off-the-shelf companies: No. Annual licence fees: US $ 1,750.
Annual Registration fees: US $360.
Authorised. US $65.

One of the measures stemming from the Budget Speech 2018-2019, through the recent enactment of the Finance (Miscellaneous Provisions) Act 2018 … A Category 2 Global Business Company (GBC 2) is required to have at all times a Registered Agent in Mauritius. US $65 Companies incorporated in Mauritius for the purpose of doing business primarily outside Mauritius are designated as Global Business Companies (GBCs) and are governed by the Financial Services Act 2007.

Yes. The following rules were issued by the FSC on 27 September 2018 and came into force 1 October 2018 (the Rules): The Financial Services (Authorised Company) Rules 2018, and; The Financial Services (Consolidated Licensing and Fees)(Amendment) Rules 2018. Processing fees: US $615. A company may be … Migration into and out of Mauritius: Authorised. Authorized Shares

Only a Management Company shall act as the Registered Agent of a company holding a GBC 2 licence.


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