A GBC is ideal to strategically manage and grow your business, making it an effective corporate vehicle for international tax planning. By definition, a GBC is a tax-resident entity established in Mauritius, but having its major operations outside the country.
With 80% exemption on key activities, the net effective tax rate can be as low as 3%. Added to no capital Gain Tax and no Withholding Tax on Dividends, Interests or Royalties
A GBC can benefit from the network of Double Taxation Avoidance Agreements that Mauritius has signed with many countries in Africa, Europe and Asia.
Mauritius enjoys a time zone that naturally connects the world. From a single trading desk, business can speak to Asia-Pacific at dawn, the Middle East and Africa through the day and Australia within the same business cycle
No person or body may disclose information on the GBC unless instructed by the Supreme Court or as otherwise stated
GBCs can operate worldwide, trading with residents and non-residents alike, allowing partnerships across continents unbound.
Investment Promotion and Protection Agreements are a key "nontax" pillar of Mauritius's IFC value proposition: they make GBCheid investments structurally safer and more bankable in many emerging markets across Africa.
Did you know that companies holding a GBC License in Mauritius can engage in qualified activities, in accordance with their licenses and can benefit from 80% tax exemption on certain revenue streams.
Global Business licensed companies need to be efficiently managed and controlled from Mauritius and meet the substance requirements of the Financial Services Commission. It is therefore considered as tax resident in Mauritius for tax purposes. As stated above, a GBC in Mauritius proposes to conduct business principally outside Mauritius, with majority foreign ownership that are non-resident in Mauritius.
Appointment of 1 shareholder
Appointment of 2 qualified directors living in Mauritius
Board meeting to be held in Mauritius
Main bank account to be held in Mauritius
Physical office must be in Mauritius
Account records and statutory documents must be well kept
Appoint a local Management Company like Aabey House
Audited Profit & Loss account and Balance Sheet to be submitted yearly
Tax returns to be filed
Company clause to solve dispute by arbitration
Share to be registered on a securities exchange
For businesses seeking access to international trade, Mauritius provides an ideal location for expanding their operations. The country's strategic position at the heart of the Indian Ocean - at the confluence between Africa, Asia, and the Middle East - provide businesses with many opportunities for growth.
In addition to the Double Taxation Agreements Mauritius has with over 40 double taxation agreements, which allows investors to benefit from reduced withholding taxes on dividends and interest payments, the country has strategic treaties with a number of countries, making it a trading hub for the region, which include:
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