MAURITIUS GBC II
A Company holding a Category 2 global business licence (Global Business Company 2) must be incorporated under the Companies Act 2001 as a private company, it must not conduct business with any Mauritian resident (a Mauritian resident cannot have any beneficial interest in the company) and must not conduct business in Mauritian Rupees.
A GBC 2 company can carry out the following business:
Non-financial consultancy, IT services, logistics, marketing, shipping, ship management, non-financial trading, passive investment holding, one off transaction e.g. aircraft registration.
A GBC2 is ideally suited to holding and managing private assets. It has several distinguishing features:
- It is non-resident for tax purposes.
- It is not required to pay any duty, levy, charge or tax in respect of any property transferred to or by the company; shares, debt obligations or other securities of the company, the assets or activities of the company.
- There is no minimum capital requirement
- It can be incorporated with one director and one shareholder (no requirement for a resident director), both shareholders and directors can be bodies corporate.
- Shareholders and Directors meetings may be held in or outside of Mauritus and there is no requirement for a company secretary or for audited accounts.
- Records are not available to the public
- Use of DTAs (double tax agreements) is not possible
- Bearer shares are not allowed, no minimum share capital required
A Mauritian GBC 2 must have a resident registered agent and a local registered office. Fides Partners can arrange this for you. The application for a Category 2 Global Business Licence has to be processed by a registered agent to the Financial Services commission, 'FSC'. The application should ideally identify the beneficial owner(s), otherwise the FSC will accept the names of the members, however the registered agent must have full details of the beneficial owner maintained at their registered office and this information must be made available to the FSC on request. The application is usually processed within 48hrs of submission.
The following details are required for Fides Partners to be able to submit the application for you via our registered agent:
- Name of the proposed company
- The stated capital and par value of shares
- Full names and addresses of the directors
- Names and the addresses of the shareholders and the shareholding structure
Proof of residential address of each director and shareholder
- A track record and a bank reference letter of each shareholder/beneficial owner
- Authenticated copies of the passports of each shareholder/beneficial owner and director
A Category 2 licensee may hold shares in another Category 2 licensee or a Category 1 licensee. It may not hold shares in a management company; it may not hold property in Mauritius and may not have a MUR bank account.
| GENERAL INFORMATION |
| COMPANY LAW |
Companies Act 2001 |
| TYPE OF COMPANY |
Category 2 Global Business Company |
| LANGUAGE OF LEGISLATION AND CORPORATE DOCUMENTS |
English |
| TAXATION OF FOREIGN PROFIT |
Nil |
| EXCHANGE CONTROLS |
None |
| LENGTH OF TIME TO INCORPORATE |
Two days |
| SHELF COMPANIES AVAILABLE |
No |
| CORPOPRATE NAMES |
| NAME RESTRICTIONS |
Names identical or similar, offensive words |
| ENDINGS AND ABBREVIATIONS REQUIRED |
Limited |
| RESERVATION OF NAMES PERMITTED |
Yes |
| LANGUAGE OF NAME |
Any language using the Latin alphabet |
| NAME OF BANKS, INSURANCE, INVESTMENT FUND, TRUST COMPANY OR THEIR
EQUIVALENTS REQUIRING CONSENT OR LICENSE |
Yes |
| CAPITAL, SHAREHOLDERS AND DIRECTORS |
| MINIMUM NUMBER OF SHAREHOLDERS |
One |
| LOCAL SHAREHOLDERS REQUIRED |
No |
| CORPORATE SHAREHOLDERS PERMITTED |
Yes |
| DISCLOSURE OF SHAREHOLDERS |
No |
| MINIMUM AUTHORISED CAPITAL REQUIRED |
No minimum |
| BEARER SHARES PERMITTED |
No |
| REGISTERED SHARES PERMITTED |
Yes |
| NO PAR VALUE SHARES PERMITTED |
Yes |
| MINIMUM NUMBER OF DIRECTORS |
One |
| QUALIFICATIONS OF DIRECTORS |
Legal Age |
| OFFICERS REQUIRED |
No |
| CORPORATE DIRECTORS/OFFICERS PERMITTED |
Yes |
| LOCAL DIRECTORS/OFFICERS PERMITTED |
No |
| MEETINGS AND LOCAL REQUIREMENTS |
| ANNUAL GENERAL MEETING OF SHAREHOLDERS REQUIRED |
No |
| ANNUAL GENERAL MEETING OF DIRECTORS REQUIRED |
No |
| LOCATION OF DIRECTORS AND SHAREHOLDERS MEETINGS |
Anywhere |
| QUALIFIED REGISTERED OFFICE/AGENT |
Yes/Yes |
| GOVERNMENT REGISTER OF SHAREHOLDERS |
Optional |
| GOVERNMENT REGISTER OF DIRECTORS/OFFICERS |
Optional |
| GOVERNMENT REGISTER OF CHARGES |
Optional |
| REGISTER OF DIRECTORS/OFFICERS TO BE KEPT AT REGISTERED OFFICE |
Yes |
| COMPANY SEAL REQUIRED |
Yes |
| COPY OF MINUTES TO BE KEPT AT REGISTERED OFFICE |
Yes |
| COPY OF SHARE REGISTER TO BE KEPT AT REGISTERED OFFICE |
Yes |
| ANNUAL REQUIREMENTS |
| MINIMUM ANNUAL LICENSE FEE OR FRANCHISE TAX |
US$135 to the Financial Services Commission before January of each year and US$65 to the Registrar of Companies on the anniversary of the corporation. |
| ANNUAL LICENSE FEE OR FRANCHISE TAX DUE DATE |
As detailed above |
| APPLICABLE SURCHARGES |
Varies |
| REQUIREMENT TO FILE ANNUAL RETURNS |
No |
| REQUIREMENT TO SUBMIT ANNUAL AUDITED ACCOUNTS |
No |
For more information please
contact us.
