Mauritius

0 Employees

THIRD-PARTY REVENUES

$0

RELATED-PARTY REVENUES

$0

TOTAL REVENUES

$0

PROFIT BEFORE TAX

$(90,543)

TAX PAID

$0

TAX ACCRUED

$0

TANGIBLE ASSETS

$0

STATED CAPITAL

$17,124,652

ACCUMULATED EARNINGS

$81,593,861

Main Business Activities

  • Holding investments

Shell has been active in Mauritius since the acquisition of Pennzoil in 2002. Shell has in Mauritius, which have investments in India and the Cayman Islands. The Indian oil and gas business was acquired as a result of the BG Group acquisition in 2016 and is run through BG Exploration and Production India Ltd. (BGEPIL), an entity established in the Cayman Islands. BGEPIL has a production-sharing contract (PSC) with the Indian government. Profits from the PSC are subject to tax in India. The PSC ended in December 2019. The investments in the Cayman Islands are carrying out decommissioning activities in India.

Country Financial Analysis

The statutory corporate income tax rate in Mauritius is 15%.

The holding companies of Shell Mauritius incurred a loss for 2019 and therefore no tax was paid.

Holding company
The principal purpose of this type of company is to hold and manage investments in other companies or joint ventures. Holding companies differ from operating companies, for example they will need less staff but they still have commercial value as a way to manage and administer all the different investments within a group.
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