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What are the main types of Mauritius Company? Mauritius has two main types of company through which you can conduct international business - a GBC1 Company (Offshore Company) and a GBC2 (International Company). |
What are the main advantages of a GBC1 Company? Mauritius has signed Double Taxation Treaties with several countries (including China, France, Germany, India, Indonesia, Italy, Malaysia, Singapore, South Africa and the UK). Only a Mauritius-resident Company (GBC1) can take advantage of these agreements. |
What is the minimum number of shareholders and directors required to form a GBC1? A minimum of one shareholder is required, who can be of any nationality and need not be resident in Mauritius. Corporate shareholders are permitted. In accordance with the Mauritius Companies Act 2001, a Mauritius GBC1 requires a minimum of two resident directors in order to access Mauritius' double tax treaties. |
What are the reporting requirements for a GBC2? Under the Finance Act 2009, a corporation holding a Category 2 Global Business License (“GBL 2”) is required to file with the Financial Services Commission annually. A GBC2 is required to submit the financial summaries within 6 months of the balance sheet date. Details of the identity of the promoter / beneficial owner / ultimate beneficial owner, along with an outline of company objectives must be submitted to the FSC. |
What is the main difference between a GBC1 and GBC2? A GBC1 has access to and can benefit from Mauritius' network of double tax agreements, while a GBC2 (also known as a International Company) cannot. Additionally a Mauritius GBC2 Company is exempt from all taxes on income derived outside Mauritius. |
Contact Us |
For more information on any of our Mauritius corporate services, email email@healyconsultants.com or telephone us at (+65) 6735 0120. |
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