The Mauritius Global Treasury (GTA) Activities Licence enables multinational enterprises (MNEs) to set up or relocate their regional treasury management functions to Mauritius.
The GTA Licence opens many doors for MNEs. It allows them to relocate their regional treasury management functions to a jurisdiction that ranks first amongst the African countries – and 13th out of 190 countries worldwide – in the World Bank’s ‘Ease of Doing Business 2020’ index.
5 years tax holiday on corporate income, subject to meeting its licensing requirements
No capital gains tax
No withholding tax on dividend or interest in Mauritius
In addition to the standard licensing requirements for GBC, an applicant for the GTA Licence should also meet the following requirements:
Have a physical office in Mauritius
To employ a minimum of four professionals, with at least one at managerial level
To incur annual expenditure of at least MUR 2M
GTA Licensees are expected to provide at least three treasury services to at least three related companies, including but not limited to the following:
Arrangement for credit facilities, including credit facilities with funds obtained from financial institutions in Mauritius or from surpluses of network companies Arrangement for derivatives
Corporate finance advisory
Credit administration and control
Factoring, forfeiting and re-invoicing activities
Guarantees, performance bonds, standby letters of credit and services relating to remittances
Arrangement for derivatives
Management of funds for designated investments
Such other global treasury activity as may be specified in FSC Rules
Have a question about our services or ready to expand your business horizons?
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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