Mauritius GBC II Company
GENERAL INFORMATION
A company holding a Category 2 Global Business License is often used for trading and investment. GBC II 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.
Mauritius GBL 2 Company |
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General |
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Type of entity |
GBC II |
Type of law |
Hybrid |
Shelf company availability |
Yes |
Our time to establish a new company |
4 days |
Minimum government fees (excluding taxation) |
US$235 to FSC US$65 to ROC |
Corporate Taxation |
Nil |
Double taxation treaty access |
No |
Share Capital or Equivalent |
|
Standard currency |
US$/GBP/Euro |
Permitted currencies |
Any except Rs |
Minimum paid up |
1.00 |
Directors |
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Minimum number |
1 |
Local required |
No |
Publicly accessible records |
No |
Location of meetings |
Anywhere |
Shareholders |
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Minimum number |
1 |
Publicly accessible records |
No |
Location of meetings |
Anywhere |
Company Secretary |
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Required |
Optional |
Local or qualified |
No |
Accounts |
|
Requirement to prepare |
Yes |
Audit requirements |
No |
Requirement to file accounts |
Yes |
Publicly accessible accounts |
No |
Other |
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Requirement to file annual return |
No |
Change in domicile permitted |
Yes |
Type of Company for International Trade and Investment
A Company holding a Category 2 Global Business License which is similar to a Seychelles/BVI International Business Company and is non-resident for tax purposes.
Procedure to Incorporate
Submission to the Registrar of Companies of the Constitution, consent by directors & shareholders and a Certificate from the Registered Agent confirming compliance with the requirements of the law.
Restrictions on Trading
Companies holding a Category 2 Global Business License cannot trade within the Republic of Mauritius.
Language of Legislation and Corporate Documents
The legislation is in English; the documentation may be expressed in any language but must be accompanied by a certified English translation.
Shelf Companies Available
Yes.
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
English or French.
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, Société Anonyme, Société Anonyme à Responsabilité Limitée, Sociedad Anónima, Berhad, Proprietary, Naamloze Vennootschap, Besloten Vennootschap, Aktiengesellschaft or the relevant abbreviations.
Disclosure of Beneficial Ownership to Authorities
No.
Stated Share Capital
There is no limit to the number or value of shares that can be issued.
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.
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.
Shareholders
The minimum number of shareholders is one.