Global Business Companies

Global Business Companies (“GBCs”) are legal entities that are registered under the Companies Act 2001 and licensed by the FSC to carry out their activities Mauritius. They are mainly governed by the Companies Act 2001 and the Financial Services Act 2007.

There are two main types of GBCs, namely:
Category One Global Business Company (GBC 1) and Category Two Global Business Company (GBC 2).

Category One Global Business Company

A GBC 1 is a company incorporated under the Companies Act 2001 and is licensed by the Financial Services Commission to carry out business outside Mauritius. However, the GBC1 is allowed to carry out a minimal business activity in Mauritius. A GBC1 can be a private or public and limited or unlimited liability company.

A GBC 1 conducts its transactions in foreign currency and may undertake any of the following non-exhaustive list of activities:

  • Investment Holding
  • Trading
  • Investment Management
  • Investment Advisory
  • Consultancy
  • Holding of Ship/Yatch and Shipping Management
  • Holding of Aircraft
  • Marketing
  • Information and Communication Technologies;
  • And any other activity as may be approved by the FSC.


A GBC 1 is a tax resident in Mauritius and is eligible to take advantage of the network of Double Taxation Avoidance Agreements Mauritius has signed to benefit from nil or low withholding tax rates on interest, dividends and royalties.

A GBC 1 is subject to a flat corporate tax of 15%, but is eligible to avail itself to relief under the Foreign Tax Credit Act, reducing the effective rage of taxation to 3%.

The GBC 1 shall

  1. have at least 2 directors, resident of Mauritius,
  2. maintain at all times its principal bank account in Mauritius,
  3. maintain and keep at all times its accounting records at its registered office in Mauritius,
  4. prepare and submit audited financial statements,
  5. have board meetings to unclude at least 2 directors from Mauritius and,

Any one of the following

  • have office premises in Mauritius, or
  • employ on a full time basis at least one person resident of Mauritius, or
  • include a clause in its constitution or M&A, that all disputes out thereof, shall be resolved by way of Arbitration in Mauritius, or
  • hold within the next 12 months, assets (excluding cash held in bank account or shares / interests in another corporation holding a Global Business License) which are worth at lease USD 100,000 in Mauritius; or
  • have its shares listed on a securities exchange licensed by the Commission, or
  • it has or is expected to have a yearly expenditure in Mauritius which can be reasonably expected from any similar corporation which is controleed and managed from Mauritius.


Category Two Global Business Company

A GBC 2 is a company incorporated under the Companies Act 2001 and is licensed by the Financial Servicse Commission (FSC) to carry out business OUTSIDE Mauritius..

A GBC 2 conducts its transactions in foreign currency and may undertake any of the following non-exhaustive list of activities:

  • Investment Holding
  • Trading
  • Consultancy
  • Holding of Ship / Yatch and Shipping Management
  • Holding of Aircraft
  • Marketing
  • Information and Communication Technologies; and
  • Any other activity as may be approved by the FSC

The GBC 2 is however prohibited from undertaking the following activities:

  • Banking
  • Financial Services
  • Carrying out the business of holding or managing or otherwise dealing with a collective investment fund or scheme as a professional functionary
  • Providing of registered office facilit ies, nominee services, directorship services, secretarial services or other services for corporations; and
  • Providing trusteeship services by way of business.

A GBC 2 is not tax resident in Mauritius and is not eligible to take advantage of the network of DTA. A GBC 2 is subject to 0% corporate taxation. The GBC 2 is required to have at all times a Registered Agent in Mauritius and to submit a financial summary to the FSC.