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>>You are here: Mauritius GBC Category II
  Mauritius GBC Category II

A company holding a Category 2 Global Business License is often used for trading and investment. GBCII companies are not resident for tax purposes and do not have access to Mauritius' tax treaty network. Beneficial ownership is not disclosed to the authorities.

 Key Corporate Features


Type of entity:


Type of law:


Shelf company availability:

Upon Available

Our time to establish a new company:

2 weeks

Minimum government fees (excluding taxation):

US$135 to FSC US$65 to ROC

Taxation on foreign income:


Double taxation treaty access:


Share capital or equivalent

Standard currency:


Permitted currencies:

Any except Rs

Minimum paid up:


Usual authorised:


Directors or Managers

Minimum number:


Local required:


Publicly accessible records:


Location of meetings:



Minimum number:


Publicly accessible records:


Location of meetings:


Company Secretary



Local or qualified:



Requirement to prepare:


Audit requirements:


Requirement to file accounts:


Publicly accessible accounts:



Requirement to file annual return:


Change in domicile permitted:


General Information

Mauritius is situated in the Indian Ocean approximately 800 km off the East Coast of Madagascar.

» Population
The population of the Island is approximately 1,200,000 made up principally by people of European, African, Indian and Chinese origin Mauritius takes pride in the fact that these different cultures co-exist in peace and succeed in creating a cultural entity that is distinctly Mauritian.

» Political Structure
The British ruled Mauritius for 158 years until 12 March 1968 when it became an independent country within the Commonwealth. The Republic of Mauritius is a Westminster style democracy. The President is the Head of State and Commander in Chief. Full executive power rests with the Prime Minister who is Head of Government. The Members of Parliament are elected every five years by popular vote and a number of political parties contest the elections every five years, reflecting the country's firm commitment to a multi-party political system.

» Economy
Since independence in 1968, Mauritius has developed from a low income, agriculturally based economy to a middle-income diversified economy with growing industrial, financial, and tourist sectors. For most of the period, annual growth has been of the order of 5% to 6%.

The government's development strategy centres on foreign investment. Mauritius has attracted more than 15,000 offshore entities, many aimed at commerce in India and South Africa, and investment in the banking sector alone has reached over $1 billion.

The economy in 2000 grew by 8.9% and the Gross National Income per capita at market prices reached 101,948 rupees. Unemployment rate for 2000 is estimated at about 8.0% while inflation stood at 4.2%.

» Language
English is the official language. However, the Mauritian population is largely bilingual, being equally fluent in English and French. Creole is also spoken and understood by everyone.

» Currency
Mauritian Rupee.

» Exchange Control

» Type of Law
Common Law for corporate matters.

» Principal Corporate Legislation
The Companies Act 2001.
Financial Services Development Act 2001.

Company Information

» Type of Company for International Trading
A Company holding a Category 2 Global Business License which is similar to a British Virgin Island International Business Company and is non-resident for tax purposes

» Procedure to Incorporate
Submission of the Memorandum and Articles of Association and a Certificate from the Registered Agent confirming compliance with the requirements of the Ordinance. The application must be supported by a Legal Certificate issued by a local Lawyer certifying that local requirements have been complied with. Finally, directors must execute consent forms and these must be filed with the Registrar of Companies.

» Restrictions on Trading
Companies holding a Category 2 Global Business License cannot trade within the Republic of Mauritius.

» Powers of Company
A company incorporated in the Republic of Mauritius has the same powers as a natural person.

» Language of Legislation and Corporate Documents
The legislation is in English and French whilst documentation may be expressed in any language but must be accompanied by a certified English translation.

» Shelf Companies Available
Upon Available.

» Name Restrictions
Any name that is identical or similar to an existing company or any name that suggests the patronage of the President or the Government of Mauritius.

» Language of Name
Latin and other alphabets.

» Names Requiring Consent or a Licence
The following names or their derivatives: assurance, bank, building society, Chamber of Commerce, chartered, co-operative, government, imperial, insurance, municipal, royal, state or trust or any name which in the opinion of the Registrar suggests the patronage of the President or the Government of Mauritius.

» Suffixes to Denote Limited Liability
Limited, Corporation, Incorporated, Public Limited Company, Sociét? Anonyme, Sociét?Anonyme à Responsabilit?Limitée, Sociedad Anónima, Berhad, Proprietary, Naamloze Vennootschap, Besloten Vennootschap, Aktiengesellschaft or the relevant abbreviations.

» Disclosure of Beneficial Ownership to Authorities


» Authorised and Issued Share Capital
The usual authorised share capital is US$100,000 with all of the shares having a par value.

» Classes of Shares Permitted
Registered shares, preference shares, redeemable shares and shares with or without voting rights.

» Taxation
A Company holding a Category 2 Global Business License does not pay any tax on its world-wide profits to the Republic of Mauritius authorities.

» Licence Fees
Category 2 Global Business License - Companies with an authorised capital up to US$100,000 pay US$135 per year to the FSC. US$65 per year to the Registrar of Companies.

» Financial Statement Requirements
Companies holding a Category 2 Global Business License are required to maintain financial statements to reflect their financial position with the Registered Agent but are not required to file accounts with the authorities.

» Directors
Minimum one, who may be natural person or a body corporate.

» Company Secretary

» Shareholders
Minimum One.


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