Mauritius Global Business Company Formation Service
in Hong Kong
|Legal System:||Hybrid of British Common Law and Civil Law|
|Time Zone:||GMT +4|
|Official Name:||The Republic of Mauritius|
|Offshore Company Regulatory:||Financial Services Commission|
|Offshore Company Entity:||Limited Liability Company with GBC-1 and GBC-2|
For foreign enterprises, they can incorporate Mauritius companies which are limited by shares in nature and then apply either Global Business License Category 1 or Category 2 (GBC 1 or GBC 2) from Mauritius Financial Services Commission (FSC) for their Mauritius companies for conducting global businesses in Mauritius.
Mauritius company with GBC-1 is a tax resident of Mauritius, so it has been commonly used by foreigners to structure international investments in jurisdictions which has double tax treaties signed with Mauritius. To entitle GBC-1, the company must has management and controlling substance of the business in Mauritius.
For details of Mauritius network of tax treaties, please refer to the website of Mauritius Revenue Authority (Double Taxation Agreements).
Mauritius company with GBC-2 is not a tax resident of Mauritius, therefore it does not have access to the double tax treaties of Mauritius and it is prohibited from having transactions with Mauritian residents or in Mauritian currency.
|Type of Mauritius Global Business License||Category 1 (GBC-1)||Category 2 (GBC-2)|
|Incorporation||Mauritius Financial Services Commission (FSC) under the provision of the Companies Act 2001||Same as GBC-1|
|Purposes||A tax resident in Mauritius for conducting business with residents of Mauritius. Access to the network of double taxation treaty and provide financial & insurance services in Mauritius upon obtaining required licenses issued by the Mauritius Revenue Authority and respectively.||A non-tax resident for global businesses outside of Mauritius. May not carry on local business and cannot engage in financial activities in Mauritius.|
|Privacy Protection||– No Publicy accessible records|
– Nominee shareholders allowed
|Same as GBC-1|
|Shareholders||– Minimum of one shareholder|
– Corporate shareholders allowed
– No local shareholder requirement
– No shareholders meetings location requirement
– Bearer shares not allowed
|Same as GBC-1|
|Directors||– Minimum of two local resident directors|
– Corporate directors not allowed
– Meetings including at least 2 resident directors
– Director meeting location in Mauritius required
|– Minimum of one director|
– Corporate directors allowed
– Non-local director allowed
– No meetings location requirement
|Company Secretaries||Appointment of a Mauritius Management Company acting as company secretary required||Appointment of company secretary is optional, but GBC-2 must have a local registered agent to complete the registration and maintenance.|
|Registered Office Address||One local address required||Same as GBC-1|
|Tax Incentives||– Subject to Mauritius tax, maximum tax payable on foreign income is 3% due to tax allowance.|
– Royalties, Interests, Service fees payable to foreign affiliates are allowed as expenses provided reasonable and correspond to actual expense incurred.
– Duty concessions on offices equipment, furniture and motor vehicles.
|– Exempt from all Mauritius tax (i.e. no capital gains tax or withholding tax)|
|Accounts & Return||– Annual audited account required|
– Quarterly and annual tax filing required
– Annual company return not required
|Annual financial summary required|
|Common usage||– Private Equity / Hedged Funds|
– Investment Dealer/Broker
– Investment Adviser
– Fund Manager
– Payment Services Provider
|– Investment holding|
– Property holding (e.g. real estate)
– Wealth protection
– International trade
– Trade invoicing
– Intellectual property ownership
– Consultancy services
Remark: GBC-2 are not allowed to engage in financial activities
For the latest licensing requirement about Mauritius GBC-1 and 2, please visit website of Mauritius Financial Services Commission (Global Business).
Due to the fact that the applicants must show operation substance in Mauritius, the application procedure is more complex than that of GBC-2. Please contact us for an appointment of consultation.
Our service fee of each case is based on length of time spent and level of expertise required. Please contact us for a initial consultation for free.