A Company
with a
Category 1
Global
Business
License,
usually tax
resident and
able to take
advantage of
tax
treaties. Net
tax rate can
be
3%. Annual
audit and
filing of
returns
required.
A GB1
Company (GB1)
is a company
incorporated
in Mauritius
that holds a
valid
Category 1
Global
Business
License and
carries out
one of the
activities
approved by
the
regulatory
authority,
the
Financial
Services
Commission (FSC). GB1's
are
regulated by
the Companies
Act 2001.
Examples of
approved
activities:
International
trading
investment
holding,
operational
headquarters,
offshore
insurance,
offshore
funds
management,
IT services,
international
employment
service.
Key Features
GB1
Companies
are taxed at
the same
rate as
other
domestic
companies: a
flat rate of
15%, but
they will
have access
to tax
credits
which will
bring that
tax rate
down to very
attractive
levels;
No
withholding
tax on
outward
remittances;
No capital
gains tax;
No exchange
control
requirements;
Audited
accounts
must be
filed with
FSC every
year;
GB1's can
also be
granted
access to
the Double
Taxation
network of
Mauritius if
they
demonstrate
their
Mauritian
residence.
This can be
done by
being tax
resident and
by
demonstrating
that
management
and control
is exercised
in and from
Mauritius. The
Mauritius
Tax
Authority
can issue a
Tax
Residency
Certificate
if the
following
conditions
are
satisfied:
The Company
must:
have at
least one
Mauritian
resident
Director;
have a
Mauritian
resident
Secretary;
have all its
Meetings
held in and
chaired from
Mauritius
although
telecom
linked
meetings are
permitted.
have its
registered
office in
Mauritius;
hold its
books and
records in
Mauritius;
have a bank
account with
in
Mauritius;
Potential
uses
Ideal
investment
vehicle for
example for
growth of
operations
in Africa or
the region,
for major
investment
projects or
for long
term
investments
on stock
markets;
Ideal for
holding
companies;
GB1's can be
used to hold
intellectual
property and
to receive
royalties.
Information
Request Form
I am
interested
in setting
up a
structure in
Mauritius.
Please email
me a data
pack and
price
schedule for
the
following:
