Non-residents wishing to set up a corporate structure in Mauritius can do so by
incorporating a Category 2 Global Business Company (GBC2) which is governed by
The Mauritius Companies Act 2001 and the Financial Services Act 2007. Such
companies may engage in any lawful business in any country except Mauritius and
may carry on transactions in any currencies except the Mauritian
Rupee.
Category 2 Global Business Company
BUSINESS TRANSACTIONS
A GBC2 provides for greater flexibility and is a suitable vehicle for
holding and managing private assets.
Such a company enjoys a flexible legal regime and is required by law to have
only its registered office and a registered agent in Mauritius. It is exempt
from certain statutory requirements such as filing of audited accounts,
appointment of resident directors and a company secretary.
It is a tax exempt company and therefore has no access the network of Double
Taxation Agreements of Mauritius. It cannot carry out the business of company
formation, administration and management or provide professional nominee or
trusteeship services. It is furthermore prevented from raising capital from the
public and to offer or provide financial or other services as fiduciary in any
investment fund or any collective investment scheme.
SHARES
There is no minimum capital requirement but at least one share must be
issued and paid up.
An unlimited number of shares is acceptable
Registered shares, preference shares, redeemable shares and shares with or
without voting rights.
Par value shares if any may be stated in more than one currency.
Fractional shares are allowed.
Minimum of 1 (One) shareholder and same rule applies if the company is a
wholly owned subsidiary.
TAXATION
Tax exempt.
DIRECTORS / OFFICERS (SECRETARY) AND SHAREHOLDERS
Minimum of one Director who may be a natural person or body corporate.
Must at all times have a registered office in Mauritius, where its statutory
records must be kept
The acceptance and resignation of directors is mandatory.
Shareholders may be individuals or corporate entities.
Shares may be subscribed by nominees. Disclosure of beneficial owners has to
be made to the Financial Services Commission.
INCORPORATION AND ADMINISTRATION
Excellent availability of company names for incorporation.
The words "Limited", "Corporation", "Incorporated", "Société Anonyme", or
the abbreviations "Ltd.", "Inc." or "S.A.”, may be used in a company's name.
Simple ongoing administration.
Incorporation procedure takes 3 days.
ANNUAL FILING
Required to maintain financial statements to reflect their financial
position and which have to be filed with the Financial Services Commission.
Filing is required of appointment of directors and secretary and change in
shareholders. There is no duty payable on filing.
