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The following are some of the most frequently asked questions about Mauritius Company Formation:
What are the main types of Mauritius Company?
What can these Companies be used for?
What are the tax implications of a GBC1 Company?
What are the main advantages of a GBC1 Company?
What are the reporting requirements for a GBC1?
Are there any restrictions on ownership of a GBC1?
What is the minimum number of shareholders and directors required to form a GBC1?
What are the minimum capital requirements for a GBC1 Company?
What are the main tax advantages of a GBC2 Company?
What are the reporting requirements for a GBC2?
Are there any restrictions on ownership of a GBC2?
What is the minimum number of shareholders and directors required to form a GBC2?
What is the main difference between a GBC1 and GBC2?
Do a GBC1 and GBC2 Company require a company Secretary?
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 can these Companies be used for?
A GBC1 Company is particularly suited to public financial operations such as fund management. A GBC2 is ideal for holding private assets and investments, for international consulting business, international trading and licensing.
What are the tax implications of a GBC1 Company?
Corporate profits are taxed at 15%. However, tax credits are available which may bring the effective tax rate down to 3%. A GBC1 is not subject to capital gains tax or withholding tax.
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 are the reporting requirements for a GBC1?
A GBC1 is required to submit an annual return or audit.
How private is a GBC1?
There is no public register of directors and shareholders for this type of Company.
Are there any restrictions on ownership of a GBC1?
No. A foreigner can own 100% of a Mauritius GBC1.
What is the minimum number of shareholders and directors required to form a GBC1?
A GBC1 company requires a minimum of 1 shareholder and 2 directors. Corporate shareholders are permitted however corporate directors are not. Furthermore the shareholder can be of any nationality and need not be a resident of Mauritius.
What are the minimum capital requirements for a GBC1 Company?
There are no minimum capital requirements to form a GBC1 Company.
What are the main tax advantages of a GBC2 Company?
It is tax-free if properly structured.
What are the reporting requirements for a GBC2?
A GBC1 is not required to submit an annual return or audit.
How private is a GBC2?
There is no public register of directors and shareholders for this type of Company.
Are there any restrictions on ownership of a GBC2?
No. A foreigner can own 100% of a Mauritius GBC1.
What is the minimum number of shareholders and directors required to form a GBC2?
Only one
shareholder and director is required. Nominee shareholders and directors are permitted.
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.
Do a GBC1 and GBC2 Company require a company Secretary?
Yes, a company secretary is required for both GBC1 and GBC2 Company.
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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