A Mauritius GBC-1 is a corporation registered through the Mauritius Registrar of Companies (ROC) and regulated by the Financial Services Commission (FSC) to hold a Category 1 Global Business Licence, enabling the same to carry out business outside of Mauritius.

Allowed to be locally incorporated or be registered as a branch of a foreign company, a Mauritius GBC-1 may be migrated to another domicile yet continue to be a Mauritius GBC-1, that is, if legally allowed by the foreign jurisdiction. No minimum or maximum capital requirement exists and, except for the Mauritian Rupee, the share capital may be expressed in any currency.

Key Features

MAURITIUS GBC 1 COMPANY

Corporate Details

General

  • Type of Company

GBC1

  • Corporate Taxation

Effective rate of 3%

  • Double Taxation Treaty Access

Yes

  • Minimum Paid Up Share Capital

No Minimum

  • Currency

Any currency except Mauritian Rupee

  • Carry out Financial Services Activities

Yes

  • Raise Funds from Public

Yes

  • Publicly accessible records

No

  • Location of Meetings

Mauritius

  • Bank Account in Mauritius

Yes

  • Physical Office in Mauritius/Expatriate and Local Staff

Yes

Directors

  • Minimum Number

One

  • Requirement for Local Resident Director

Yes, but 2 required for tax treaty access

  • Corporate Directors

No

Shareholders

  • Minimum Number

One

  • Corporate Shareholders

Yes

  • Nominee Shareholders

Yes

Company Secretary

  • Required

Yes

  • Local or qualified

Both

Accounts

  • Requirement to prepare

Yes

  • Audit requirements

Yes

  • Requirement to file accounts

Yes

  • Publicly accessible accounts

No

  • Disclosure of Beneficial Owners/shareholder/directors to the authorities

Yes

Advantages

  1. Growing network of more than 30 Double-Taxation avoidance treaties
  2. Non-disclosure of company officers names (not open for public viewing; only filed with the Registrar)
  3. No capital gains or withholding taxes
  4. No exchange controls
  5. Applicable tax credits (equal to the actual foreign tax levied OR 80% of the Mauritius tax on its foreign-source income, whichever is higher)
  6. Effective maximum tax rate of 3% on business profit (corporate applicable tax rate in Mauritius is 15%, less a foreign tax credit of 12%)
  7. Exemption from stamp duties, registration duties or other such fees
  8. Interest on bank deposits not taxable
  9. Dividends and royalties are tax exempt

The Valsen Advantage

  • Speedy, Efficient and consistent Services.
  • Relentless effort to obtain bank accounts.
  • Expert advice on structuring options.
  • Dedicated ongoing compliance support.