Global Business Licence

A GBL can be set up to carry out any global business activities or such other financial business activities as may be approved by the Financial Services Commission, GBL companies may undertake activities such as trading, investment management, investment advisory services, amongst others, subject to the relevant licences being obtained.

The Mauritius Global Business Licence (GBL) offers various benefits:

    • •   GBL benefits from Double Taxation Avoidance Agreement (DTAAs) with 46 countries.
    • •   GBL is a tax resident structure and is subject to an effective tax rate of 3% or 15% depending on its activity and categories of income.
    • •   No exchange control and free repatriation of profits and capital. There is an ability to structure debt and financial instruments as well.
    • •   No withholding tax on interests, dividends, and royalties.
    • •  No Capital Gain Tax (CGT) in Mauritius and as such any capital gains derived from the sale of shares are outside the scope of income tax.

Substance Requirements

A GBL must:

    • •   Have at least 2 directors resident in Mauritius.
    • •   Have a principal bank account in Mauritius.
    • •   Keep accounting records in the registered office.
    • •   Have financial statements audited in Mauritius.

Enhanced Substance Requirements

Additionally, a GBL must:

    • •   Minimum Annual Expenditure: USD 30,000.
    • •   Minimum Employment in Mauritius (Direct or
    •     Indirect):
    •     If assets are under management are:
    •     Less than USD 100m: 1
    •     Between USD 100m and USD 500m: 2
    •     Above USD 500m: 3

Our professional services to GBL companies include:

    • •   Advice on company set up
    • •   Incorporation of company & application for specialised licence (if any required) and liaising with the
    •     authorities
    • •   Day-to-day business and corporate administration services:
      • •   Provision of directors, secretary, and nominee shareholders
      • •   Processing of routine transfers
      • •   Payment of regulatory fees
    • •   Maintenance of books and accounting records
    • •   Preparation and filing of financial statement and annual tax return
    • •   Ensuring post-statutory compliance with company and tax laws (filing of charges on Directors, Shareholders)