Corporate
What We Offer
We have the requisite knowledge and skills for the setting up of global funds, commonly referred to as investment companies in Mauritius. Such type of vehicles is licensed under a GBC and is regulated by the Mauritius Financial Services Commission. The purpose of the investment company is mainly to invest in securities.
There are two types of investment companies, namely:
- A close-ended company having a fixed share capital, and
- An open-ended company having a variable share capital
We have a very professional and dedicated team to deliver within a reasonable time frame at an affordable cost. Our services include:
- The incorporation of GBC holding a license issued by the Commission. The GBC will take advantage of the double taxation agreements, thus, a reduced rate of income tax;
- The setting up of open-ended and close-ended funds;
- The opening of a custodian account;
- The calculation of Net Asset Value (NAV);
- The preparation of reports;
- Regulatory compliance
About Global Business Company
Global Business Company
A GBC is incorporated in accordance with the Companies Act 2001, holding a Global Business Licence issued by the Mauritius Financial Services Commission. Such type of companies is tax resident in Mauritius (unlike AC), and thus benefit from the double taxation avoidance treaty network. Although the corporate tax in Mauritius is 15%, a GBC is allowed a tax credit equivalent to the higher of the actual foreign tax suffered (underlying tax) or 80% of the Mauritius tax on its foreign source income. With an applicable tax rate of 15%, combined with a foreign tax credit of 12% (80% x 15%) the effective tax rate for the GBC will be a maximum of 3%. There are no capital gains taxes, nor exchange control
Following the enactment of the Finance Act 2010, a GBC Company is allowed to,
- carry on business in Mauritius,
- deal with person resident in Mauritius, and
- hold shares or other interests in a corporation that is resident in Mauritius.
The above is subject to the approval of the Authorities in Mauritius.
GBC 2
A GBC2 is incorporated in accordance with the Companies Act 2001, holding a Category 2 Global Business Licence issued by the Mauritius Financial Services Commission. Such type of companies is not resident for tax purposes in Mauritius and is intended to carry on business outside Mauritius and may not carry on business in Mauritius.
This type of vehicle is very often used for investment and trading purposes.