Mauritius GBC 1 & 2

Offshore Company Mauritius | Understand Differences In GBC 1 & 2

Offshore company Mauritius: Global Business License, permitted activities and conditions

Offshore company Mauritius: Mauritius companies available to carry global business activities from within Mauritius are companies holding a Category 1 Global Business License (GBC1), and offshore companies holding a Category 2 Global Business License (GBC2).

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Offshore company Mauritius: Get a free quote now by filling in the box on the right and understand differences in GBC 1 & 2

Category 1: Global Business License [GBC 1]

A Global Business Corporation (Category 1) is a company in Mauritius that undertakes any of the following activities listed in the Second Schedule of the Financial Services Development Act (FSDA) 2001, provided they conform to the following agreements and conditions:

  • Are carried out from within Mauritius.
  • With persons all of whom are resident outside Mauritius.
  • And that is conducted in foreign currency.

The permitted and applicable list of activities are:

  • Aircraft financing and leasing.
  • Asset management.
  • Consultancy services.
  • Employment services.
  • Information and communication technologies.
  • Insurance.
  • Licensing and franchising.
  • Logistics and or marketing.
  • Operational headquarters.
  • Pension funds.
  • Shipping and Shipping Management.
  • Trading.
  • Any other activity as may be approved by the Commission.
Offshore Company Mauritius | Understand Differences In GBC 1 & 2

Varal Team Member

Offshore company Mauritius: Get a free quote now by filling in the box on the right and understand differences in GBC 1 & 2

This type of company is qualified to benefit from the tax treaties to which Mauritius is a party to, if it falls within the definition of a resident under the administration taxation laws.

Foreign direct investment in India has taken this route largely because of the highly successful double tax treaty agreement between the two countries!

  • A GBC 1 is required to file with the Financial Services Commission within six months after the close of its financial year; annual audited financial statements and reports should be prepared in accordance with the International Accounting Standards or internationally recognized accounting standards.
  • The GBC 1 may be set up by a registered agent in Mauritius, or by registration of a special branch of a foreign company, or by way of continuation where this is allowed by the law in the country of origin.
  • A branch of a foreign company may have access to Mauritius’ tax treaties provided that the local tax authorities are satisfied that effective control and management of the foreign company is in Mauritius.
  • The facility of continuing a foreign company registered in a foreign jurisdiction as a GBC 1, and so permitting existing holdings of the foreign company in a country with which Mauritius has a double taxation treaty, to benefit from relief under that treaty, has proved attractive to a number of major investors in the corporate world.
  • A GBC 1 requires, that it may be unlimited or limited by shares or by guarantee.
  • A GBC 1 may be registered as a Limited Life Company or a Protected Cell Company.

Offshore company Mauritius: Get a free quote now by filling in the box on the right and understand differences in GBC 1 & 2

Category 2: Global Business License [GBC 2]

A Global Business 2 offshore company Mauritius is our favorite type of vehicle for investing.

The following is a list of the conditions of GBC2:

  • Carried on by a private company.
  • A company incorporated in Mauritius or registered under the Companies Act 2001.
  • Does not conduct business with persons resident in Mauritius nor conducts any dealings in Mauritian currency.
  • Exempt from the provisions of the Income Tax Act and is declared as non-resident for tax purposes- you do not need to file any tax returns or pay any tax.
  • A suitable vehicle for holding and managing private assets.
  • Not allowed to raise capital from the public or to conduct any financial industry services or to act as an estate fiduciary if it is GBC 2.
  • Not resident for tax purposes and therefore does not benefit from double taxation relief under tax treaties.
  • Either be limited by shares or by guarantee or limited by shares and guarantee or simply unlimited.
  • Also, be formed as a Limited Life Company.
Offshore Company Mauritius | Understand Differences In GBC 1 & 2

Varal Team Member

Offshore company Mauritius: Get a free quote now by filling in the box on the right and understand differences in GBC 1 & 2

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Mauritius GBC 1 & 2 was last modified: June 8th, 2019 by Manu Raj

Manu Raj

Has a positive attitude towards the job, is friendly and a team player.

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