Frontfin,
through its
associated
company,
Frontward,
incorporates
local
companies
that are
taxed at
15%.
These
companies
may hold
immovable
property
(such as IRS
property)
and may
transact
with any
other
Mauritian
local
company.
They may not
transact
with GB1 or
GB2
companies or
Trusts with
these
licenses.
These
companies
may be 100%
held by non
citizens of
Mauritius.
These
companies
have lower
license fees
and are not
subject to
the
authority of
the
Financial
Services
Commission.
These
companies do
not receive
automatic
80%
remission of
deemed
foreign
taxes paid,
but are also
not taxed on
their exempt
income.
Exempt
income
includes
profits made
from trading
in
securities.
