Establishing a Global Business Company in Mauritius in 2024
Mauritius has long been celebrated as a thriving international financial hub, offering investors and businesses an exceptional platform to expand their global operations. With its strategic location, investor-friendly regulatory framework, and an extensive network of double taxation treaties, the island nation has become a preferred jurisdiction for cross-border business activities. Among the various structures available, the Global Business Company (GBC) stands out as a versatile and efficient vehicle for conducting qualified global business.
In 2024, establishing a GBC in Mauritius provides not only operational and tax efficiency but also access to a stable, well-regulated environment that fosters growth and innovation. Whether you are an entrepreneur, corporate body, or investment professional, the GBC structure offers unparalleled opportunities to navigate international markets with confidence.
In this article, the SALVUS Licensing team discusses the establishment of a Global Business Company in Mauritius, its advantages and other important information on this matter, as follows:
1. Understanding the GBC
2. Benefits of establishing a GBC
3. Key Requirements
4. How can SALVUS help?
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1. Understanding the GBC
A GBC is the successor to the former GBC1 structure, tailored to meet modern regulatory, tax, and substance requirements. It is designed for entities engaging in qualified global business activities, which must be conducted primarily with non-residents of Mauritius and in foreign currencies.
GBCs are particularly beneficial for businesses requiring access to Mauritius’ extensive Double Taxation Avoidance Agreements (DTA), offering tax efficiency for operations spanning multiple jurisdictions.
Permissible Activities
A GBC can engage in a broad spectrum of activities, including but not limited to:
- Aircraft Financing and Leasing
- Asset and Fund Management
- Financial Services
- Consultancy and Advisory Services
- Shipping and Ship Management
- Logistics and Marketing
- Information Technology Services
- Trading Operations
This versatility makes the GBC an ideal choice for businesses across diverse sectors aiming to operate on a global scale.
2. Benefits of establishing a GBC
- Strategic Location: Mauritius’ geographic position makes it a gateway to Africa, Asia, and beyond.
- Business-Friendly Environment: Streamlined processes and a responsive regulatory framework make it easy to establish and operate businesses.
- Attractive Tax Regime: With an corporate tax rate of 15% that can benefit from partial exemption on certain income and access to tax treaties, GBCs enjoy significant cost savings.
- Global Connectivity: Mauritius offers a sophisticated infrastructure for banking, telecommunications, and professional services.
- Legal Certainty: The legal system is based on English common law and French civil law, ensuring clarity and predictability for investors.
Contact us at info@salvusfunds.com if you are interested in establishing a GBC in Mauritius; our Licensing team is ready to answer your questions.
3. Key Aspects
Establishing a GBC involves meeting specific operational, governance, and compliance criteria to ensure adherence to Mauritius’ regulatory standards.
- Corporate Governance
- Directors: A GBC must appoint at least two directors who are residents of Mauritius. These individuals must demonstrate independence of judgment and have the requisite expertise to oversee the company’s operations effectively.
- Shareholders: A minimum of one shareholder is required, and shareholders can be non-residents of Mauritius.
- Registered Office and Administration
- A GBC must have a registered office in Mauritius, which is typically managed by a licensed management company.
- Administration of the company must also be conducted within Mauritius to meet substance requirements set by the Financial Services Commission (FSC).
- Banking and Financial Infrastructure
- The principal bank account must be maintained in Mauritius.
- Effective management must be demonstrable in Mauritius, including employing qualified personnel and maintaining an expenditure level proportional to the company’s activities.
- Capital Structure
- There are no minimum or maximum capital requirements.
- Share capital can be denominated in any currency except the Mauritian Rupee, offering flexibility for international investors.
4. How can SALVUS Help
At SALVUS, we specialize in licensing, compliance, and regulatory support, assisting businesses in navigating the complexities of establishing a GBC in Mauritius. Our expert team provides end-to-end services, from incorporating the company and obtaining the Global Business Licence to ensuring ongoing compliance with local laws.
Whether you are exploring asset management, consultancy, or trading operations, we tailor solutions to meet your specific needs, allowing you to focus on your core business activities.
Contact us at info@salvusfunds.com if you are interested in establishing a GBC in Mauritius; our Licensing team is ready to assist you.
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