2. The Group
• British American Insurance Group was
founded in 1969
• The Group was renamed British American
Investment Co. (Mauritius) Ltd & was listed
on Stock Exchange of Mauritius in 2003
• We are one of the largest conglomerates in
Mauritius with more than US$ 500m in
assets
• The company holds investments in 6 main
economic sectors
3. Six Economic Sectors
Financial
Trade & Commerce
Services
Construction BA Investment Tourism
Property
Healthcare
Development
4. PrimeCapital Structure
BA Investment Co (Mtius) Ltd
BRAMER
ASSET
BROKERAGE OFFSHORE UNIT
MANAGEMENT
FUND
MANAGEMENT
BRAMER
PRIME CAPITAL
SECURITIES LIMITED
FUND
DISTRIBUTION
5. Double Taxation Avoidance Treaties
• Mauritius has signed 34 DTAs including 13 African countries: Botswana,
Lesotho, Madagascar, Mozambique, Namibia, Rwanda, Senegal,
Seychelles, South Africa, Swaziland, Tunisia, Uganda, Zimbabwe
• The DTAs guarantee the following:
1. Most capital gains be taxed in Mauritius (no such tax in Mauritius)
2. Same income is not taxed in more than one contracting state
3. Dividends, interests and royalties derived from Mauritius by GBCs are tax
exempt
6. Advantages of using Mauritius
1. Very low to zero tax
2. Ideal time zone (GMT +4)
3. Low cost of professional labor
4. Multi-lingual (including English, French & Mandarin)
5. Politically and economically stable
6. Advanced IT & communication infrastructure
7. No foreign exchange control
8. Perfect platform for African & Indian investments
9. Not blacklisted by the OECD
10. Sound legal system based on both English & French laws
7. Category1 Global Business License Taxation
• Company taxed generally at 15%, with 80% deemed tax credit
GBC1 is taxed at maximum of 3%
• Foreign tax suffered can be used as credits to set off taxes in
Mauritius
• If shareholding in investee company is = or >5%, withholding
dividends tax can be reduced
• Cannot transact with Mauritian companies
• Can access DTA network
8. Our Experience
• Our staff have tremendous experience in the offshore sector working
in leading offshore management companies in Mauritius and
worldwide
• We have set up over 200 offshore entities in Mauritius alone
including: 50 GBC1s, 100 GBC2s, 20 Collective Investment
Schemes, 20 Offshore Trusts and 10 Protected Cell Companies
• We have administered over 1000 offshore entities, of which many of
them are listed on different exchanges over the world
• We have worked with entities in other jurisdictions such as Cayman,
Bahamas, BVI, Hong Kong, Singapore, Luxembourg, Delaware,
Guernsey, Jersey, UK
9. Our Experience
• We have managed assets of well over US$ 3 billions
• The investment destinations of our entities are 50% to India, 20% to
China and 30% in African countries
• We have among our team experienced professionals including tax
partners, accountants, fund managers and lawyers
10. Our Services
• Structuring and incorporation of corporate entities and establishment of
trusts;
• Provision of draft documentation such as the Constitution of companies,
model Trust Deeds, and various agreements applicable to global funds;
• Provision of professional directors, nominee shareholders and trustees;
• Fund administration including Net Asset Value (NAV) calculations and
registrar services;
• Accounting, administration, domiciliation, corporate and secretarial
services;
• Taxation advisory services;
• Provision of back-office trading services including the preparation of
invoices and/or letters of credit;
• Provision of back office accounting;
• Provision of Mauritius taxation advice, preparation & filing of tax returns;
• Application for tax residence certificate in Mauritius.
