Mauritius entities

The Mauritius Global Business Licence (GBL), are well suited corporate structures to act in an international holding capacity and to undertake cross-border trade. A GBL may also be set up to carry out any legal global business activities or such financial business activities as may be approved by the Regulator, the Mauritius Financial Services Commission. This may include asset management, licensing and franchising, aircraft financing and leasing, pension fund administration, captive insurance, logistics, marketing, treasury management, consultancy services and project management, among others.

There are other types of business, investment holding, asset protection and estate planning structures, like Authorised Companies,  Domestic Companies, Sociétés Civiles Immobilières (SCIs), Protected Cell Companies (PCCs), Funds, Foundations and Trusts, which can be established in Mauritius.
   


Mauritius Global Business License
Effective from the 1 January 2019, the Category 1 Global Business Licence (“GBC1”) will be renamed as Global Business Licence (“GBL”).

The Deemed Foreign Tax Credit will no longer be in place and the GBL Companies will be taxed at the rate of 15% with introduction of a Partial Exemption Regime where an income tax exemption of 80% shall apply on specific incomes.

Category 1 Global Business License formed on or prior to 16 October 2017 will be grandfathered up to 30 June 2021. 

The company has access the benefits of Mauritius Double Taxation Treaties (DTTs) i.e. 44 with a great number of countries around the world, and in particular in the African and Indian Ocean Regions.
The company must have at least two Mauritius based directors (private individuals) and a company secretary.
For the company to be tax resident in Mauritius, it must be managed and controlled from Mauritius and employ either directly or indirectly, a reasonable number of qualified persons to carry out its activities and having a minimum level of expenditure proportionate to its level and type of activities.
Company accounts and records must be kept in Mauritius, and annual audits are required, along with annual filings.
The Company must maintain its principal bank account in Mauritius.

The meetings of directors must include at least 2 directors from Mauritius.

 

• Beneficial interest is held by a person who is not citizen of Mauritius;
• Treated as a non-resident for tax purposes in Mauritius;
• Conduct business activity outside of  Mauritius;
• Management and control outside of Mauritius;
• An annual return of income must be filed  within 6 months of its year end;
• Apply to the FSC for an authorisation.