With a lighthouse built on the island in 1864, Ile au Phare was among the first islands to be discovered in 1598 by the Dutch settlers.
The islet was instrumental to the capture of the Ile de France by the British in 1810 and serves as an inspiration for DTOS in guiding its clients and being a trusted lightener through turbulent times.
A domestic company, also known as a local company, is an entity incorporated under the laws of Mauritius by the Registrar of Companies and governed by the Companies Act 2001, the Business Registration Act 2002, the Income Tax Act 1995 and the Value Added Tax Act, amongst other legislations.
A domestic company is used for conducting activities with Mauritius residents such as trading, consultancy services, investment holding, acquisition of immovable property under the Property Development Scheme in Mauritius amongst others. A domestic company can also apply for a Freeport License for warehousing, transhipment and/or transformation of products in the Freeport Sector in Mauritius.
Features of a domestic company:
• Digitalised Client Screening, profiling and enhanced due
diligence
Assistance to comply with US Foreign Account Tax
Compliance Act (FATCA) & OECD Common Reporting
Standards (CRS):
• Apply the prescribed due diligence rules and completing the
‘Self-Certification’ exercise;
• Design and implement internal processes and procedures to
ensure compliance under FATCA/CRS;
• Assist in compiling, assessing, validating and reporting the
reportable information under FATCA/CRS to the competent
authorities in XML format.
• Run an independent onsite AML / CFT audit
• Run a Consultancy and Project Development programme
• AML / CFT Risk Management
• Data Protection Framework
• Legal and Regulatory Updates