A Mauritius GBC 2 is defined as a resident corporation conducting business outside Mauritius and is often used for trading and investment. GBC 2 companies are not resident for tax purposes and do not have access to Mauritius' tax treaty network. Companies that hold this licence are not able to trade within the Republic of Mauritius itself. The licence is governed by the principal corporate legislation of The Companies Act 2001, Financial Services Act 2007 and the Finance (Miscellaneous Provisions) Act 2012.

Key Features

Mauritius GBC 2

Corporate Details

General

  • Type of Entity

GBC 2

  • Type of Law

Hybrid

  • Registered Office in Mauritius

Yes

  • Shelf company availability

Yes (depends on age of co. required)

  • Our time to establish a new company

72 hours

  • Corporate Taxation

No

  • Access to Double Taxation Treaties

Yes

Share capital or equivalent

  • Standard currency

US$

  • Permitted currencies

All except Mauritian Rs.

  • Minimum paid-up capital investment

US$1

  • Usual authorized amount

US$100,000

  • Bearer shares allowed

No

  • Non-par value shares allowed

Yes

Directors

  • Minimum number

1

  • Locally-required staff

No

  • Publicly accessible records

No

  • Location of meetings

Anywhere

  • Corporate directorship allowed

Yes

Shareholders

  • Minimum number

1

  • Publicly accessible records

No

  • Corporate shareholder allowed

Yes

  • Location of meetings

Anywhere

Company Secretary

  • Required

Optional

  • Local or qualified

No

Accounts

  • Requirements to prepare

Yes

  • Audit requirements

No

  • Requirements to file accounts

Yes

  • Publicly accessible accounts

No

Other

  • Requirement to file annual return

No

  • Migration of domicile permitted

Yes

Advantages

  1. All Mauritius GBC-2 income is exempt from taxation
  2. Flexible, straightforward administration and low cost
  3. No reporting or accounting requirements
  4. Quick and efficient Mauritian offshore company registry: turnaround time of less than 72hrs
  5. No financial record audit requirement (no annual returns required to Mauritian government)

The Valsen Advantage

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