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Anex Management Services Limited
ANEX Management Services Limited established since 1994, is licensed and regulated by the Mauritius Financial Services Commission to provide, inter- alia, incorporation and administration services to Global business entities in Mauritius.
Since its inception, ANEX Management Services Ltd has been building up its reputation through a varied client base, which includes High Net-Worth Individuals, private companies, as well as listed companies.
We provide effective and tailor made solutions to our clients to structure their international business through Mauritius to enjoy the tax benefits provided through our range of global business corporations.
Our range of services includes, amongst others:
Setting-up, licensing and administration of entities such as GBC1, GBC2 and Trusts
Company listing services
Full range of services in relation to Funds (both Collective Investments and Closed Ended Funds)
Provision of a range of supporting services including, nominee shareholding, directorship, corporate secretarial, accounting, tax and fund accounting
Mauritius GBC 1 companies are governed by the Companies Act 2001 and are regulated by the Financial Services Commission.
A GBL 1 can be set up to carry out any legal global business activities or such financial business activities as may be approved by the Financial Services Commission. This may include asset management, licensing and franchising, aircraft financing and leasing, pension fund administration, captive insurance, logistics, marketing, treasury management, consultancy services and project management.
A GBL 1 is considered as tax resident in Mauritius and enjoys the benefits from the network of DTAs that Mauritius has ratified. The maximum effective tax rate of a GBL 1 company is 3%.
A GBL 1 is also eligible to apply for a Tax Residence Certificate (TRC) with the Mauritius Revenue Authority (MRA), to prove its residency in Mauritius.
The TRC is issued for a period of one year after which it may be renewed. To be tax resident, the company has to meet certain conditions to demonstrate that the “effective management and control” is in Mauritius.
Has at least two (or a quorum of ) directors resident in Mauritius on its board
Shall keep and maintain or keeps and maintains, at all times, its accounting records at its registered office in Mauritius
Provides for all meetings of directors to include at least two directors from Mauritius
Shall maintain or maintains at all times its principal bank account in Mauritius
Prepare or proposes to prepare its statutory financial statements and causes or proposes to have such financial statements to be audited in Mauritius
Company must meet at least one of the following criteria
The company’s constitution must contain a clause whereby all disputes arising out of the constitution shall be resolved by way of arbitration in Mauritius
The company has or shall have office premises in Mauritius
The company employs or shall employ on a full time basis at administrative/technical level, at least one person who shall be resident in Mauritius
The company’s shares are listed on a securities exchange licensed by the Financial Services Commission
It has or is expected to have a yearly expenditure in Mauritius which can be reasonably expected from any similar company which is controlled and managed from Mauritius.
The company holds or is expected to hold within the next 12 months, assets (excluding cash held in bank account or shares/interests in another corporation holding a Global Business Licence) which are worth at least USD 100, 000 in Mauritius
These are financial structures whose activities consist the investment of funds in a portfolio of securities, financial assets, or real estate and whose operations is based on the principle of diversified of risks.
The Securities Act 2005 allows for the creation of the following type of funds:
Collective Investment Schemes (Open-Ended Funds)
Professional Collective Investment Schemes
Closed Ended Funds
Specialised Collective Investment Schemes
Attractiveness of Mauritius
Can have access to the double taxation treaties
Low tax regime
Information in respect of global funds not available for public inspection
Listing on the Stock Exchange of Mauritius (‘SEM’)
No Withholding Tax
No Capital Gains Tax
Fund Formation services
Audit coordination and liaison
Business and facilitation services and transactional support
Provision of registered office facilities
Financial Report preparation
Tax computation and filing services
Liaise with third party service providers (custodians, bank and advisors, etc)
The Stock Exchange of Mauritius Ltd (“SEM”) is responsible for the operation of Mauritius’s primary stock exchange in Mauritius. SEM has won for two consecutive years the “Most Innovative African Stock Exchange of the Year Award” at the Institutional Investment Summit and Index Series Awards organised by Africa investor, a leading international research and communication group, in collaboration with the New York Stock Exchange. SEM is one of the leading exchanges in Africa which operates a fully automated stock market infrastructure.
The SEM currently operates two markets
The official Market, which lists some of the largest companies in Mauritius spanning across different sectors of activity
The Development & Enterprise Market, which comprises a number of medium-sized companies and also offers opportunities for start-ups
Companies including Category 1 Global Business licensed companies
Different types of investment funds, including investment companies, unit trust, CIS such as Global Schemes, Professional CIS, Specialised CIS, Expert Funds and Closed End funds
What advantages does listing offer you?
Enhanced market value of your business
Increased visibility and prestige
Liquidity for shareholders
Access to capital and future financing opportunities
Create employee incentive mechanisms
A means of demonstrating substance in the Mauritian jurisdiction and can be particularly advantageous to foreign investors who channel their investments through Global Business corporations incorporated in Mauritius and who may benefit from tax advantages
What are the main requirements for listing on the Official List of the SEM?
The applicant should be duly incorporated or otherwise established according to relevant laws of its place of incorporation
The company (the ``applicant``) is required to issue a Listing Particulars which complies with the Rules of the SEM and, where applicable, the Securities Act 2005 and the Securities (Public Offers) Rules 2007
Relevant Accountant's report, as per the Listing Rules, should be obtained from appointed accountants
The applicant must have a track record of at least 3 years i.e. must have published or filed accounts covering at least 3 years and its latest accounts must be in respect of a period ended not more than 6 months before the date of the Listing Particulars
The expected aggregate market value of the equity securities for which application for listing has been made must be at least MRU 20 million. The SEM may admit securities of lower value if it is satisfied there will be an adequate market for the securities concerned
Where an application for listing has been made for a class of equity securities, at least 25% of that class must, no later than the date on which dealings commence, be in the hands of not less than 200 members of the public
How can Anex Management Services Ltd help you?
Preparation of application and relevant forms/declarations
Ensuring compliance with the listing rules and the relevant laws
Preparation of annual accountant’s report, annual report and interim (quarterly) report
Drafting of listing particulars in line with the Listing Rules
Meeting and liaison with the SEM for the application
Publication in newspapers of certain information like interim (quarterly) report and closure of register of members