A Global Business which is carried on by a private company:
- which is a company incorporation in mauritius or registered under the Companies Act 2001
- which does not conduct business with persons resident in Mauritius nor conducts any dealings in Mauritius currency;
- which holds a Category 2 Global Business License.
- It is exempt from the provisions of the Income Tax Act and is declared as non resident for tax purposes.
- It is a suitable vehicle for holding and managing private assets.
- It is however not allowed to raise capital from the public or to conduct any financial services or to act as a fiduciary.
- The GBC 2 company incorporation in mauritius is not resident for tax purposes and therefore does not benefit from double taxation relief under tax treaties.
- The GBC 2 may either be limited by shares or by guarantee or limited by shares and guarantee or simply unlimited.
- A GBC 2 may also be structured as a Limited Life Company.
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