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Incorporating a company in Mauritius. GBC – onshore company. Service offer

Global Business Company (abbreviated as GBC) is a company which is considered resident and which carries on business in Mauritius. Such company may do any business that does not require special authorization (banking, insurance and reinsurance, managing funds and collective investment schemes, trusteeship services, custodial services, investment advice etc).

A GBC can take advantage of double tax treaties applying reduced rates when receiving passive income. Profit received by such company is subject to corporate tax at the rate of 3%.

In order for a company to qualify as Mauritian resident and obtain a GBC licence, it must exercise management and control over conduct of business from within Mauritius. Under sec. 71(4) of the Financial Services Act 2007, management and control can stem from the following circumstances:

  1. the company has at least 2 directors resident in Mauritius;
  2. the company maintains its principal bank account in Mauritius;
  3. the company keeps and maintains its accounting records at its registered office in Mauritius;
  4. the company prepares its statutory financial statementsand causes to have such financial statements to be audited in Mauritius (they are then submitted to the Financial Services Commission);
  5. the company provides for meetings of directors to include at least 2 resident directors from Mauritius.

Also, in order to prove that management and control is exercised from within Mauritius, a GBC must meet at least one of the following criteria:

  • the company has a physical office in Mauritius;
  • the company employs on a full-time basis at administrative/technical level, at least one person who is resident in Mauritius;
  • the company’s constitutive documents contain a clause whereby all disputes arising out of the constitution shall be resolved by way of arbitration in Mauritius (the majority of clients choose this option; this clause can be included in the company’s constitution at the time of incorporation);
  • the company holds, or is expected to hold within the next 12 months, assets (excluding cash held in bank account or shares/interests in another corporation holding a GBC licence) which are worth at least USD 100,000 in Mauritius;
  • the company’s shares are listed on a securities exchange in Mauritius;
  • the company has a yearly expenditure in Mauritius which can be reasonably expected from any similar company which is controlled and managed from Mauritius.

The registers of directors and shareholders are not public in Mauritius; the information does not appear in public sources.

A shareholder can be either an individual or a legal entity, wherever resident.

But the directors must be individuals only and resident in Mauritius too.

A GBC must have a secretary and a registered office in Mauritius, provided by a licensed management company or a law firm, if a company does not have an office of its own.

Incorporation of a new GBC takes from 1 month (depending on the structure).
A local bank account can be opened WITHOUT personal visit.

Mauritius: GBC – basic services*

Services
Fees (USD)
Total cost of a company with a bank account, including: - incorporation with provision of original constitutive documents of the company and apostilled copies of such documents, share issue documents, and common seal; - licence, government fee and secretary fees for the first year of the company’s existence; - two nominee directors and a nominee shareholder for 1 year (residents of Mauritius)**; - local bank account opening (without visit); - compliance fee
from 25 000
Office rent in Mauritius:
- finding premises, arranging the rent, including the drafting of a lease agreement and director’s resolution
1650
- rent payments (monthly), depending on the location and size
from 600 / month
Tax Residency Certificate:
- filing an application for the tax certificate
1160 (original)/1550 (apostilled)
- renewal of the tax certificate
1280 (original)/1670 (apostilled)
Preparing and filing financial statements
100 – 400 / hour (depending on time spent)
Compliance fee. Payable in the cases of: renewal of a company, liquidation of a company, transfer out of a company, issue of a power of attorney to a new attorney, change of director/shareholder/beneficial owner, except the change to a nominee director/shareholder)
250 (standard rate – includes the check of 1 individual) + 50 for each additional individual (director, shareholder, or beneficial owner) or legal entity (director or shareholder) if such legal entity is administered by GSL; + 100 for each additional legal entity (director or shareholder) if such legal entity is not administered by GSL; 350 (rate for high-risk companies, including the check of 1 individual)
Subsequent annual maintenance (starting from the second year):
Secretary fees, including registered office, annual licence and government fees
8250
Two nominee directors for 1 year (residents of Mauritius)
5390
Nominee shareholder for 1 year (optional)
2090
Additional services (if necessary):
Apostille of a document
840
Notarization of a document
610
Additional apostilled set of constitutive documents
from 840
Delivery of documents by courier mail
170

*The fees are valid as of November 2021.

**Directors charge additional fees based on hourly rates for reviewing and analyzing documents to be signed.

Are you interested in the offer?
25000 USD
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