Mauritius is the only business centre in the Indian Ocean offering an attractive package of fiscal incentives and a conducive regulatory framework which has gained international recognition as a credible financial hub. With the globalization of the world economy, investors are constantly on the look-out for an appropriate jurisdiction for commercial reasons such as access to the network of Double Tax Avoidance Agreements, total exemption from exchange control, lower operating costs, availability of highly qualified professionals and so on.
Global Business Companies are governed by the Companies Act 2001 and the Financial Services Development Act 2001. Such companies may be set up by direct incorporation or by way of continuation. They can also migrate out to other jurisdictions. The regulatory body for global businesses is the Financial Services Commission (FSC)
Global Business Companies are prohibited from dealing or transacting business with local residents or from holding immovable property in Mauritius. The two main types of corporate vehicles presently available to carry on an approved global business activities from within Mauritius, are the:
(i) Category 1 Global Business Company
(GBC 1)
(ii) Category 2 Global Business Company
(GBC 2)
