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  Global Business:
Comparison Table
 
 
Table of Comparison between GBC 1 and GBC 2
 
GBC 1 GBC 2
Registered Office in Mauritius Yes Yes
Minimum number of members 1 1
Corporate shareholder Allowed Allowed
Limited life Allowed Allowed
Minimum Capital Requirement None (a) None
Bearer Shares Not allowed Not allowed
No par value shares Allowed Allowed
Access to DTA benefits Yes No
Taxation 15% (b) Exempt
Minimum number of Directors 1 1
Minimum number of Shareholder 1 1
Corporate Directorship Not Allowed Allowed
Resident Secretary Yes (c) Optional
Auditor Yes (d) Optional
Resident Agent -- Yes
Annual General meeting Yes Optional
Filing of Audited Accounts (to FSC only) Yes No
Freeport activities Allowed Not Allowed
Off-the-shelf companies No Yes
Migration into and out of Mauritius Authorised Authorised
Incorporation time About 15/20 days Max 2/3 days
Processing fees US $ 500 US $ 100
Annual licence fees US $ 1,500 US $ 365 (e)

Notes:
(a)   Except for management companies, investment management and advisory companies and companies carrying on trusteeship insurance, re-insurance and captive insurance activities.
(b)   Entitled to a deemed foreign tax credit of 80%.
(c)   Secretary may be an individual or a body corporate.
(d)   Auditor need not necessarily be resident in Mauritius.
(e)   GBL 2 Fees:
   
Financial Services Commission: Annual Licence Fee
USD 235
Registrar of Companies: Incorporation Fee
USD 65
  Annual Fee
USD 65