BLOG SECTION - GBC Related Info

Find out more about GBCs

• Foreign source dividend, provided that it has not been allowed as deduction in source country;
• Income derived by a Collective Investment Scheme, Close End Funds, CIS manager, CIS administrator, Investment Adviser or Asset Manager;
• Income derived by companies engaged in ship and aircraft leasing;
• Income derived by a company from reinsurance and reinsurance brokering activities;
• Income derived by a company from leasing and provision of international fibre capacity;
• Income derived by a company from the sale, financing arrangement, asset management of aircraft and its spare parts and aviation advisory services related thereto;
• Income derived by a person from money lent through a Peer-to-Peer Lending platform;
• Profit gained to a permanent establishment of a resident company abroad; and
• Interest derived by a company other than:
- – a bank;
- – a non-bank deposit taking institution;
- – a money changer;
- – a foreign exchange dealer
- – an insurance company
- – a leasing company; or
- – a company providing factoring, hire purchase facilities, or credit sales facilities.

GBCs must ensure their CIGA are carried out from Mauritius by meeting the below conditions:

(i) Adequate Employment

• Employ (directly or indirectly) a reasonable number of suitably qualified persons to conduct CIGA
• FSC considers qualifications, expertise, and actual involvement in decision-making

(ii) Proportionate Expenditure

• Maintain a minimum level of expenditure proportionate to activity levels
• Includes: license fees, management company costs, employee costs, director fees, rent, utilities, professional fees

(iii) Activities Conducted Locally

Companies holding a Global Business Licence in Mauritius can engage in qualified activities, in accordance with their licence.

A GBC in Mauritius can be used for providing a wide range of financial services.

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