Global Business Company

Global Business Company

A GBC is a body corporate registered in Mauritius and licensed by the FSC. This type of structure is commonly used by those clients wishing to benefit from the various DTAAs which Mauritius has signed with other jurisdictions. This is because a GBC is considered for tax purposes, to be a resident in Mauritius. A GBC licence may be used for structuring investments, holding intellectual property, fund management, investment adviser/ dealer/broker and to provide other non-banking financial services, requiring special licences, amongst others.

Bilateral Agreements

Common uses of a GBC

The Mauritius Global Business Company (GBC) offers a compelling option for international businesses seeking a tax-efficient and flexible operating environment.

To structure investments & projects in countries with Mauritius DTAA partners.

Holding rights to intellectual property such industrial designs, copyrights, trademarks, and patents.

Trading, consultancy services, collective investment schemes, Close ended Funds and PCC.

Buying property for business / residential purposes in Mauritius under IRS/RES/PDS/SMART city schemes.

Regional headquartering, financing, and marketing center.

Features

Taxation
  • GBC companies are resident in Mauritius for tax purposes.
  • There are no capital gains tax, and no withholding tax on payment of dividends, interests or royalties.
  • No stamp duties or capital taxes.
  • No inheritance tax.
  • GBC companies are liable to taxes at the rate of 15%.

The revenue streams that can benefit from the 80% partial exemption regime are:

    • Foreign source dividend, provided that it has not been allowed as deduction in source country;
    • Income derived by a Collective Investment Scheme, Close End Funds, CIS manager, CIS administrator, Investment Adviser or Asset Manager;
    • Income derived by companies engaged in ship and aircraft leasing;
    • Income derived by a company from reinsurance and reinsurance brokering activities;
    • Income derived by a company from leasing and provision of international fibre capacity;
    • Income derived by a company from the sale, financing arrangement, asset management of aircraft and its spare parts and aviation advisory services related thereto;
    • Interest derived by a person from money lent through a Peer-to-Peer Lending platform;
    • Profit gained to a permanent establishment of a resident company abroad; and
    • Interest derived by a company other than:
      – a bank;
      – a non-bank deposit taking institution;
      – a money changer;
      – a foreign exchange dealer
      – an insurance company
      – a leasing company; or
      – a company providing factoring, hire-purchase facilities, or credit sales facilities.

For businesses seeking access to international trade, Mauritius provides an ideal location for expanding their operations. The country’s strategic position at the heart of the Indian Ocean – at the confluence between Africa, Asia, and the Middle East – provide businesses with many opportunities for growth.

In addition to the Double Taxation Agreements Mauritius has with over 40 double taxation agreements, which allows investors to benefit from reduced withholding taxes on dividends and interest payments, the country has strategic trade agreements with a number of countries, making in a trading hub for the region, which include:

  • the African Continental Free Trade Area (AfCFTA),
  • the Southern African Development Community (SADC),
  • the Common Market for Eastern and Southern Africa (COMESA),
  • Free Trade Agreement with China,
  • India-Mauritius Comprehensive Economic Cooperation and Partnership Agreement (CECPA) , and
  • Free Trade Agreement with Pakistan.

As per the Financial Services Act of Mauritius, a GBC can engage in the following Qualified Global Business Activities:

  • Aircraft Financing and Leasing
  • Asset Management
  • Consultancy Services
  • Financial Services
  • Fund Management
  • Information and Communication Technology Services
  • Insurance
  • Licensing and Franchising
  • Logistics and/or Marketing
  • Operational Headquarters
  • Pension Funds
  • Shipping and Ship Management
  • Trading


Such other qualified global business activity as approved by the FSC.

How can Renesis Help

Assistance for registration of the Company with the Registrar of Companies (ROC) and application for the license from the Financial Services Commission (FSC) in Mauritius
Act as Company Secretary and provide administration services:
Provision of resident directorship and registered office address;Provision of compliance, accounting and tax services;
Assistance with payroll;
Assistance for occupation and residence permits

Bilateral
Agreements

54

Double Taxation Avoidance Agreements (DTAAs)

46

Investment Promotion and Protection Agreements (IPPAs)

50

Memorandum of Understanding (MOUs)

Contact Us

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+ 230 212 97 36

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Renesis Financial Services is a boutique management company licensed and regulated by the Financial Services Commission of Mauritius, offers a wide range of professional international business support services, with a tailor-made approach.

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