Mauritius Global Business Corporation (GBC)
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15+ Years Of Experience
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50+ Team Members
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1000+ Happy Customer
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10,000+ Companies Formed (in UAE and worldwide)
Mauritius Global Business Corporation (GBC)
GBC companies are incorporated under the Mauritius Companies Act 2001, as amended and licensed by the Mauritius Financial Services Commission (“FSC”). They are resident in Mauritius for taxation purposes and have access to the extensive double taxation avoidance treaty network, provided they hold a Tax Residence Certificate issued by the Mauritius Revenue Authority. It replaces the previous regime GBC1.
In order to be deemed to have adequate substance in Mauritius, among other requirements a GBC must:
- Be managed and controlled from Mauritius and have its place of effective management in Mauritius
- Perform its “core income- generating activities” (CIGA) in or from Mauritius and incur a minimum level of exposure that is proportionate to its level of activities.
- Be administered by a management company in Mauritius
Management and control may be adhered to by:
- Having board meetings in Mauritius
- Bank account maintained in Mauritius
- Accounting records are kept in Mauritius
- Financial Statements prepared and audited in Mauritius
Taxation
GBC’s are subject to tax rate of 15% on their tax adjusted income. They have the option of claiming either foreign tax suffered as a tax credit against their Mauritius tax liability or, if substance criteria are met, a partial exemption of 80% on certain income. The criteria for meeting the substance conditions depend on the nature of the income and licensed activity. Some of the income on which the partial exemption is available include:
- Foreign dividends
- Income derived by a companies engaged in ship and aircraft leasing
- Income derived by a company holder of a Payment Intermediary Services license by the FSC
- Interest Income (other than from a bank)
- Profit attributable to a permanent establishment of a resident company in a foreign country
- Income derived by a Collective Investment Scheme (CIS), Closed-End Fund, CIS Manager, CIS administrator, Investment Adviser or Asset Manager licensed and approved by FSC
Features of Mauritius Global Business Corporation
Can end with “Limited, Ltd or Corporation”
- Minimum: 1
- Corporate Shareholder: Permitted
- Where the shareholder originates from or is resident in the country where the GBC will carry out its activities, an approval from the competent authority in that country or legal opinion confirming that no approval is required must be provided.
No minimum share capital requirement except for companies which hold financial services licenses and for which a minimum amount vary depending on the type of the license.
- Must have at least two (2) directors resident in Mauritius
- Corporate Director: Not Permitted
Mandatory, must be a resident in Mauritius
Required to be disclosed to FSC and ROC; but not available to the public
Yes, Company must appoint an approved local registered agent.
Required, Mauritius local auditor required to be appointed
- Yes, annual tax return to be submitted annually (6 month after financial year) and subject to meeting criteria, quarterly filing with the Mauritius Revenue Authority under Advanced Payment System
- There may be other returns applicable in other situations, such as in cases where taxes are withheld on payments
Access permitted subject to meeting necessary conditions
Foreign companies being manage and control in the UAE are subject to UAE Corporate Tax and required to register within 3 months from date of incorporation.
Approx 20 business days
Must maintain its principal bank account in Mauritius
Due every 30th of June irrespective of date of incorporation
Required Documents in Setting Up a Mauritius Global Business Corporation
KYC Documents for individual Director/Shareholder:
- Passport – original to be verified personally in our office, otherwise client can provide an original notarized copy of the passport
- Proof of address (in the form of utility bill, dated less than 3 months)
- Bank reference (dated less than 3 months with satisfactory record clearly mentioned and also the time period the client has been dealing with the bank: minimum of 2 yrs)
- Detailed CV
- Professional reference letter (can be issued by Lawyer or Certified Public Accountant)
- Dully filled FATCA Form
- Notarized US Declaration (if a US Person)
KYC for Corporate Director/Shareholder:
- Certificate of Incorporation
- Registered address and place of business
- Certificate of Current Standing if incorporated more than 1 year
- Register of Directors
- Register of Shareholders
- Memorandum & Articles of Association
All documents of the corporate entity must be certified by a Lawyer or Certified Public Accountant
Mauritius Global Business Corporation Cost
The Mauritius Global Business Corporation setup cost starts from US $ 10,775/-
Global Business Services FZCO has helped many individuals and corporate entities to set up a Mauritius Global Business Corporation. Our Company acts as a one stop solution for Mauritius Global Business Corporation incorporation services.
If you are looking for Mauritius Global Business Corporation set up, please get in touch with us for professional assistance.
Why Choose GBS for Company Formation Services in UAE?
Understanding Clients’ Needs
As the best business setup consultancy firm in UAE, our team provides thorough analysis of client requirements and offers a personalized approach tailored to meet each client's needs.
Flexible Pricing & Cost Transparency
For company formation service in UAE, we offer flexible pricing and cost transparency with top of the line multiple payment options, including online payments and bank transfers
Years of Expertise
Global Business Services FZCO holds years of expertise while offering unmatched guidance and support when starting your new venture.
Work Track Record
As a prominent business advisor and consultant, GBS boasts a world-class track record, successfully supporting many firms across various industries.
Client words
Hear what our satisfied clients have to say about their successful journeys with us.
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10,000+
Companies formed
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100%
client satisfaction
I had a fantastic experience with the Global Business Services FZCO. their team was knowledgeable, professional, and efficient. they guided me through the entire process of establishing my business. I highly recommend their services to anyone looking to set up a business in Dubai.
I hired Global Business Services for my online store in Dubai Free Zone. They quickly handled everything from visas to paperwork. Great experience overall.
I’m happy to choose Global Business Services FZCO for their outstanding business setup services in UAE. Their professional team guided me through each stage, answering all my questions quickly and clearly. Their personalized approach made me feel well taken care of.
