A Global Business Corporation (GBC) applies where the majority of shares or voting rights or the legal or beneficial interest in a resident corporation, are held or controlled, as the case may be, by a person who is not a citizen of Mauritius and such corporation proposes to conduct or conducts business principally outside Mauritius. Activities commonly undertaken by a GBC requiring no specialized license are Investment Holding, Trading and International Consultancy.

Conditions of a Global Business Corporation

A holder of a Global Business Licence shall, at all times –

  1. carry out its core income generating activities in, or from, Mauritius by:

    1. employing, either directly or indirectly, a reasonable number of suitably qualified persons to carry out the core activities
    2. having a minimum level of expenditure, which is proportionate to its level of activities

  2. be managed and controlled from Mauritius by:

    1. having at least 2 directors, resident in Mauritius, of sufficient calibre to exercise independence of mind and judgement
    2. maintaining, at all times, its principal bank account in Mauritius;
    3. keeping and maintaining, at all times, its accounting records at its registered office in Mauritius;
    4. preparing its statutory financial statements and causes such financial statements to be audited in Mauritius;
    5. providing for meetings of directors to include at least 2 directors from Mauritius; and

  3. be administered by a management company.

Tax Highlights

A Mauritius GBC is governed by the Companies Act 2001 and regulated by the Financial Services Commission. It is considered to be tax resident in Mauritius and is subject to corporate tax at 15%.

However, there is an exemption regime of 80% applicable on:

Other tax advantages for GBC in Mauritius are that there is:

Tax Resident Certificate

For tax residency purposes, a GBC must be centrally managed and controlled from Mauritius. Tax Residency Certificate for a GBC is issued by the Mauritius Revenue Authority and such a certificate is valid for a period of one year and can be renewed annually. To be eligible for a Tax Residency Certificate, a GBC must satisfy certain conditions:

Summary of the Key Features of a GBC:

Type of corporate vehicle

A public / private company

A foreign company (i.e. branch of a company established in a foreign jurisdiction)


Only 3% as corporate tax if well structured

Access to Double Taxation Avoidance Treaties

No withholding tax on dividends, interest and royalties paid

No Capital Gains tax


Needs to have at least 2 Resident Directors

Corporate Directors not allowed


One shareholder allowed

Corporate shareholder allowed

Company Secretary

Must at all times have the Management Company as Company Secretary


All shareholders and directors meetings must be held from the company’s registered office address in Mauritius


May or may not have a constitution

Capital Requirement

No minimum capital requirement for GBC not requiring any specialized license

Raising of Funds

May involve capital raising from public

Immovable Property

May lease, hold, acquire or dispose of immovable property or any interest in immovable property situated in Mauritius


May open and maintain an account in Mauritian currency with a local bank

May open and maintain an account in foreign currencies with any bank

Annual accounts

Required to file annual audited financial statements and Tax Return with the Authority within 6 months post the Balance Sheet date

Access to records

No publicly accessible record of shareholders, directors or beneficial owners.

Requirements for incorporation of a Global Business Corporation (GBC):

  1. VA Global Business Application Form to be duly completed and signed
  2. Detailed Business Plan of the proposed GBC, including:
    • Proposed business activity (ies) & related services to be provided
    • Geographic location of target market
    • Sector in which the target market operates
    • Country(ies) where the principal business activity(ies) will be conducted
    • Amount & source of initial capital to be invested
    • 3 year financial forecast
  3. Due diligence documents to be provided on the proposed Directors/Shareholders/Beneficial Owners/Ultimate Beneficial Owners/Promoters of the company as per Due diligence Checklist
  4. Once proposed company name approved, consent forms of Director and Shareholder and other related declarations needed for company registration are sent over to client for signing purpose.
  5. Scanned copies of signed forms/declarations as well as due diligence documents are emailed first for our verification purpose.
  6. Once we confirm that all documents are in proper order, the originals will need to be couriered to our office address:
    VA Global Business Ltd
    Office 113 2nd Floor
    Medine Mews Chaussee Street
    Port Louis
  7. Once all signed forms and due diligence documents duly received, the company registration is done within 2-3 weeks, however it can take some more or less time depending on the review being made by the Authority.
  8. Upon company registration and receipt of the GBC License from the Financial Services Commission, the following documents are sent to address as instructed by client:
    • Certified copy of the Certificate of Incorporation
    • Certified copy of the Authorised Company license
    • First Minutes in original
    • Register of Director(s), Shareholder(s) and Secretary in original
    • Certified copy of the Share Certificate
    • Certified copy of the Constitution

Note:Irrespective of the period of the year in which the GBC Company has been incorporated, the yearly renewal period is July – June.

For more information and guidance, please contact Us

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