Mauritius is situated in the Indian Ocean approximately 800 km off the East Coast of Madagascar. The island covers an area of 1,850 sq km and has a population of around 1.2 million which comprises of people of Indian, African, Chinese and European origins. Whilst English is the official language, most Mauritians are bi-lingual in English and French. Creole, Hindi and Chinese also form part of the Linguistic blend.
Since independence in 1968, Mauritius has developed from an agricultural based economy to a more diversified economy with growing industrial, ICT, tourist and financial sectors. Mauritius offers an ideal environment for companies to operate their business and provide an attractive package of fiscal incentives, coupled with a conducive regulatory framework. The country has attracted more than 9,000 offshore entities, many aimed at commerce in India and South Africa, and investment in the banking sector alone has reached over $1 billion.
Mauritius is also a member of the British Commonwealth, the Common Market for Eastern and Southern African (COMESA), the Southern African Development Community (SADC) and the World Bank. It is a founder member of the Indian Ocean Commission (IOC) as well as of the Indian Ocean Rim Association for Regional Co-operation (IOR-ARC) and one of the member states within the ACP/EU Convention.
CKLB International Management Ltd is licensed by the Mauritius Financial Services Commission and has been granted a Management licence to set up, administer, manage, provide nominee and other services to global business companies and to act as corporate trustee under The Trust Act 2001.Learn More
Capital city of the United Kingdom, London is considered to be the world’s leading financial centre and one of the most exciting cities.
It has a vibrant business environment with a unique concentration of international expertise and know-how backed by a fully structure legal and regulatory system with excellent communication network. London has a diverse range of peoples, cultures, and religions, and more than 300 languages are spoken within its boundaries.
London is also the home to the Bank of England, London Stock Exchange, Lloyds of London insurance market and has over 480 overseas banks.
Please contact our London office for more information on UK companies.
Location & Background
Hong Kong is located on the south east coast of China and consists of a large number of islands and a part of the mainland totaling approximately 1025 square m. The principal areas are Hong Kong Island, Kowloon and the New Territories. Hong Kong was ceded to Britain in perpetuity in 1842 under the treaty of Nanking. In 1898, the New Territories were leased to Britain from China for a period of 99 years and thus on 1st of July 1997, Hong Kong was reverted back to China and became a Special Administrative Region of the People's Republic of China.
Language & Type of Law
The official languages are English and Chinese, with English being used in the commercial and political context and Cantonese and mandarin Chinese used widely in industry and domestic trade. Hong Kong has inherited the best legal system from the United Kingdom. Although a Special Administrative Region of the People's Republic of China, Hong Kong is a British common law jurisdiction which recognises the concept of a Trust.
Infrastructure & Economy
Hong Kong's economy is characterised by free trade, low taxation and minimum government intervention. Hong Kong is very well known for its territorial tax system which taxes only Hong Kong source income, i.e. income arising in or derived from Hong Kong. Estate duty was completely abolished on the 11th February 2006 to encourage investments and promote the asset management business in Hong Kong.
Hong Kong is consistently described as the world's freest economy by highly reputed international institutions. Following the accession of China to the WTO, Hong Kong became an ideal location for foreign companies to set up regional headquarters in monitoring their ongoing day to day business in China. There are no exchange control in Hong Kong and earnings outside Hong Kong and Capital Gains are not taxed. The corporation tax rate is 16.5% and the standard rate for individual is 15%. There is a two tier rates for corporations whereby the first HKD2m profit is subject to tax at the rate of 8.25%. However, this is only available to one company only within a group or one of the companies controlled by the same person. There is no withholding tax on dividend and interest. There is no global taxation and no restriction on capital flows into or out of Hong Kong.
On 29th June 2003, a "Closer Economic Partnership Arrangement" (CEPA) was signed between Hong Kong and the People's Republic of China. CEPA gives Hong Kong business a major competitive advantage over other countries in doing business in China in goods, services, or trade and investment.
Hong Kong Companies
The Hong Kong Company is a flexible corporate vehicle providing greater confidentiality and is suited for holding private assets and for carrying on International Trading and Investments. Most companies are set up as company limited by shares although the Hong Kong Companies Ordinance allow for company limited by guarantee and unlimited liabilities company. Briefly, a Hong Kong Company can have only one director who may be an individual or corporate. There is no minimum share capital and there must be at least one shareholder. Details of shareholders, directors and officers are available to the public and audited financial statements must be filed with the tax authorities.
Hong Kong has entered into a few double taxation treaties with other countries and a Hong Kong Company would be able to benefit from advantages of these double taxation treaties.
Guernsey is an island in the English Channel off the coast of Normandy. With several smaller nearby islands, it forms a jurisdiction within the Bailiwick of Guernsey, a British Crown dependency. The jurisdiction is made up of ten parishes on the island of Guernsey, three other inhabited islands (Herm, Jethou and Lihou), and many small islets and rocks.
It lies roughly north of Saint-Malo and to the west of Jersey and the Cotentin Peninsula.
The democratic Republic of Seychelles is recognised as a reputable and established offshore jurisdiction offering investors with attractive fiscal and tax advantages supported by a favourable legal and regulatory regime. Located in the Indian Ocean at 4 degrees south of the equator, the Republic of Seychelles comprises of 115 islands with the island of Mahe which is also the site for the international airport and the capital city Victoria.
The main benefits for investing in Seychelles include:
The vast majority of companies formed in the Seychelles for offshore purposes are incorporated under the International Business Companies Act 1994 (see below). However this law did not supersede the existing Companies Law 1972, which is based on English law and is used to form various types of company used by businesses trading in the Seychelles.
Foreign companies can re-establish themselves in the Seychelles by way of continuation without the necessity for reciprocal arrangements in the original country of incorporation. An IBC wishing to leave the Seychelles may do so.
CKLB Fiduciary (Seychelles) Limited is present in the Seychelles since January 2008 and is regulated by the Financial Services Authority (‘FSA’) as a Corporate Service Provider. Our services range from the provision of Registered Agent and Office facility, professional director & nominee shareholders, maintenance of statutory records and accounting services to the opening & operation of bank accounts among others. The two main types of companies in Seychelles are the International Business Companies and the Companies Special Licence.