Home
Business Opportunities
About Us
Current Issues
Contact us
Links
Disclaimer
International Site
SEARCH SITE
 
 
 
  Global Business:
Category 2 Global Business Company (GBC 2)
 
  A GBC 2 is better suited for holding and managing private assets as it provides better confidentiality by structuring the shareholding through nominee shareholders. The GBC 2 is non-resident for tax purposes and therefore is a tax exempt entity and cannot avail itself of the relief under the DTAs in force in Mauritius. A GBC 2 is normally incorporated within 24 to 48 hours.

Key Features
No minimum capital requirement
Can be incorporated with one director and one shareholder
No need for resident director
Shareholders or directors can be natural persons or body corporate
Shareholders or directors meetings may be held in or outside Mauritius
Not required to appoint auditor or company secretary
Must have a resident agent (Offshore Management Company)
Must have a local registered office
Not required to submit audited accounts

  Limitations
A GBC 2 cannot:
offer its shares or otherwise raise capital from the public;
carry on any banking, insurance or reinsurance business;
carry out the business of company formation, administration and management;
provide professional nominee or trusteeship services;
offer or provide or purport to provide professional financial services;
offer professional services as fiduciary;
act as functionary in any investment fund or collective Investment Schemes;

  Incorporation Procedures
 The following information/documentation is required to complete the application for GBC 2 Licence:
Name of the proposed company (3 names in order of preference)
The stated capital and par value of shares. (No par value shares allowed)
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 most recent utility bill not more than 6 months old)
A track record and a bank reference letter of each shareholder/beneficial owners
Authenticated copies of the passports of each shareholder/beneficial owner and director