Mauritius: Types of Company
Limited Life Company
The limited life company (LLC) was introduced by the Offshore Business Activities (Companies) Regulations 1995. This form is not available to onshore companies, but only to GBC1 and 2 Companies.
The LLC allows the dissolution of the company on the occurrence of specified events, and has the nature of a partnership under US tax law. It is often used for private fund management or investment purposes. The Companies Act 2001 provides for LLCs, unlike the 1984 Act.
A global business company may apply to the Registrar of Companies either at the time of incorporation, continuation or after to be designated as an LLC.