Global Business Company

Global Business Company 1 (GBC1)

As defined under the Financial Services Development Act 2001, a GBL1 is a company engaged in qualified global business and which is carried on from within Mauritius with   persons all of whom are resident outside Mauritius and where business is conducted in a currency other than the Mauritian rupee.

It is the recommended structure for individuals, body corporate, trust or partnership including limited liability partnership or a society for investment and other high profile business. A GBL1 may be locally incorporated or may be registered as a branch of a foreign company. Public companies, those engaged in banking, insurance and fund management, and companies wishing to benefit from the provisions of Double Taxation Agreements (DTAs), can only be incorporated as GBL1 companies.

Global Business Company 2 (GBC2)

A GB2 is a company incorporated in Mauritius holding a Category 2 Global Business Licence and carrying out any business or activity specified in the Second Schedule of the FSD Act from within Mauritius with persons all of whom are resident outside Mauritius and which is conducted in a currency other than Mauritian currency.

The company’s name is first reserved, the company incorporated through the Registrar of Companies, and an application made to the FSC for the Category 2 Global Business Licence. The licence, once issued, will stipulate the parameters within which the company is to conduct its business.

The GB2 is exempt from taxation in Mauritius (0%) but as a result it cannot claim double taxation relief under the various treaties signed by Mauritius

The law also makes provision for  the setting up of trust, protected cell company, captive insurance business and collective investment scheme.

Our experienced team of professionals advises on the use of Mauritius for effective corporate structuring and tax planning so as to optimize profitability and reduce taxation.