Company Formation in Mauritius
Mauritius GBC is a popular choice among foreign investors due to the ease of business setup and business benefits from the investment. A GBC can be set up with a minimum share capital with one shareholder and two directors residing in Mauritius.
The Governing Body for GBC is the Financial Service Commission. To approve the company setup additional evidence, have to be provided to state the company is managed from Mauritius and have a local corporate bank account.
The Mauritius Global Business company is considered as a resident entity and is liable to pay tax in Mauritius over its global earnings. (3% tax, compared to 15% for other resident company).
The investor can leverage the Double Taxation Avoidance Agreement (DTAA) and benefit in many ways such as:
Also, the GBC has to comply with the Economic Substance regulations by apportioning a local expense of USD 15,000 and appointing at least 1 staff member in Mauritius for the GBC Company.
A Mauritius GBC is the right choice for holding companies, regulated services like financial services/insurance companies. GBC Companies are popularly preferred by Tax Practitioners and business to structure investments to save tax majorly from the Asian Markets like China, India, and Thailand. Also, it is an ideal choice for trading, investment, and asset protection activities.
Mauritius GBC Companies are governed by the Companies Act, 2001, and regulated by the Financial Services Commission. They are compliant with the reporting standards of the UK and Hong Kong Companies.
Note: There were two types of Global Business Companies – GBC 1 & GBC -2. From 1st January 2019, The GBC-1 is changed to GBC, and GBC-2 is no longer active, instead of a new type of entity, the Authorized Company is formulated by the Financial Services Commission (FSC) of Mauritius.
For a smooth GBC company set up in Mauritius, the following requirements have to be met:
A GBC can operate in the following business areas:
Once the Trade Name is approved the GBC Company can be incorporated within 2-3 weeks.
To register a GBC Company, taking the assistance of a Licensed Business Consultant in Mauritius helps in streamlining the company setup process.
We have our associates in Mauritius, who will handle all your business setup related assignments and ensure you have a hassle-free company formation at the lowest cost.
All documents submitted must be attested by a Certified Lawyer or Notary Public before submission to FSC, Mauritius. Also, the documents have to be verified by the licensed business consultants and then submitted to the FSC for the approval and issuance of the new Company Incorporation Certificate.
To know more about Company Formation in Mauritius, talk to our expert Consultants
The Banking and Finance Sector in Mauritius is growing and becoming a leading financial hub of the African region. The popularity of Mauritius Global Business Company among the foreign investors as well as the growth of local Mauritius Companies is due to the banking services and financial support system. The Banks in Mauritius comply with international guidelines of banking operations and conduct due diligence at all stages of account opening, transactions, account management, and more.
Banks in Mauritius offers a wide range of Services and Products for Business Investors. The Banks offer secured transactions and follow strict compliance in KYC (Know-Your-Customer), due diligence on documents submitted, monitor transactions, and Banking regulations. Thereby, protecting the business investors from any frauds, misuse of accounts, or illegal fund transfers. Aurion is associated with top banks in Mauritius to facilitate a smooth corporate account opening for you in Mauritius.
To know more about Bank Account Opening in Mauritius, Talk to our expert business consultants.
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