Global Business License Company (GBL)
A Global Business License Company is a resident corporation which proposes to conduct business principally outside of Mauritius and is licenced by the Financial Services Commission.
How BTG can assist
- Advice on structuring
- Formation of the company
- Provision of Registered Office
- Provision of two Resident Directors
- Provision of a qualified Company Secretary
- Back-office administration and accounting services
- Assistance with opening and administration of local bank account
- Regulatory compliance
- Assist with application for Occupation
Permit
Key Features
What is the tax residency and tax rate for a GBL company in Mauritius?
A GBL company is resident in Mauritius for tax purposes.
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Tax rate is 15% on the sale of services
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Tax rate is 3% on the sale of goods
Is there any tax exemption available?
Yes, it is eligible for the partial exemption regime, under which 80% of certain income is exempt from income tax.
Are there any other tax advantages?
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No Capital Gains Tax
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No Withholding Tax on dividends, interest, or royalties
Does a GBL company benefit from tax treaties?
Yes, GBL companies have access to Double Taxation Avoidance Agreements (DTAAs) — Mauritius has concluded 46 DTAAs to date.
What are the directorship and secretarial requirements?
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Must have two resident directors in Mauritius
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Must have a local qualified Company Secretary
What are the record-keeping obligations?
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Must maintain a registered office in Mauritius
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Must keep all statutory records in Mauritius
Is a local bank account required?
Yes, the company must maintain its main bank account in Mauritius.
Are audited accounts required?
Yes, audited accounts are mandatory.
Who can manage a GBL company?
A GBL company must be administered by a Management Company.
What are the substance requirements for a GBL company?
A GBL company must:
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Meet substance requirements in Mauritius by employing suitably qualified individuals
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Incur a minimum level of expenditure appropriate to its business activity
Can a GBL company own property in Mauritius?
Yes, it may hold immovable property in Mauritius if approval is obtained from the Prime Minister’s Office.
Can shareholders or employees live and work in Mauritius?
Yes, shareholders or expat employees can apply for an Occupation Permit through the company to live and work in Mauritius.
Main Contact
Pravesh Heeroo
Business Development Specialist
Meet the rest of our Team
Other Services
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Our Services
Discretionary Trust
A Discretionary Trust in Mauritius is a flexible type of Trust mainly used in wealth protection and tax planning. It is established by a settlor who settles assets on trust to achieve the objects of the trust.
Mauritius Foundation
A Foundation is a legal entity formed for such purposes as may be provided in its charter, including thecarrying out of the objects specified in it.
Global Business License Company (GBL)
A Global Business License Company is a resident corporation which proposes to conduct business principally outside of Mauritius and is licenced by the Financial Services Commission.
Domestic Company
A domestic company is a local company incorporated and governed in Mauritius whose activity can be conducted withresidents of Mauritius as well as with non-residents of Mauritius. However, where the domestic company is controlled by a non-citizen of Mauritius and conducts its business principally outside Mauritius, a Global Business License is required.
Authorised Company
An Authorised Company is a company registered in Mauritius whose business activity and control & management are outside of Mauritius.
Protected Cell Company (PCC)
A PCC is a corporate structure in which a single legal entity is comprised of a core and several non-core cells, and the assets and liabilities of each non-core cell are legally protected from the failure of another non-core cell.