Irrespective of the size of a business entity, it is always possible to expand beyond your borders. All it requires is the will to take it farther. However, taxation across many countries can be a huge deterrent when it comes to expansion. Furthermore, the laws in each country require better understanding, which would help protect the interests of the business in every possible way. Add to it, there are also other issues such as lack of confidentiality and repetition of taxes when business is carried in more than two countries.
But if it’s your dream to grow globally, enter different markets and put your business on the world map, Sphere Mauritius has multiple solution offerings to meet the real world business challenges.
Access to DTAA & IPPA
Mauritius Double Tax Agreements is accessible to more than 30 countries including about 17 countries in the Africa alone. Additionally Mauritius also has Investment Promotion and Protection Acts with about 12 countries in Africa which help in protecting your investments in the destination country. These treaties help in avoiding double taxation which emerges from operating in multiple geographies apart from helping in protecting your investments. Sphere Mauritius offers solutions along with setting up of a GBC1 to help you gain access into the most profitable market and make the most of it.
If your company has significant business interests in a non-domicile jurisdiction, it is possible to set up a tax efficient offshore business such as an GBC2. A Mauritius GBC2 is a strategic asset from an international trade point of view. Setting up a GBC2 is easy & inexpensive while it is an key tool in providing tax prudence since a GBC2 is exempt of taxes such as taxes like Capital Gains, Income tax etc. Plan your organization structure to maximize your wealth!
In many cases tax-planning companies can be very successful in exploiting the varying international withholding tax rates for dividends, royalties and interest. For example, it is very common, for a nominal consideration, to transfer patent, copyright or trademarks in favour of an appropriate tax-mitigating vehicle like an offshore company in Mauritius before significant appreciation.
Once acquired it then being possible to issue IP sub-licenses or exploitation rights to appropriate third party structures.
A Mauritius Mutual Fund can be set up with great flexibility in structuring. Sphere Mauritius has experienced and licensed professionals who can establish and administer a fund expertly. It is exempt from taxes on profits and gains which would be payable in a high tax jurisdiction.