Global Business Licence

A resident corporation having its principle place of effective management in Mauritius and meeting the following criteria shall mandatorily be required to apply for a Global Business Licence.

1. Citizenship Test
The majority of shares or voting rights or legal or beneficial interest in a resident corporation (other than a bank licensed by the Bank of Mauritius and such other corporation as may be specified in FSC rules) are held or controlled by a person who is not a citizen of Mauritius.

2. Conduct of Business Test
The corporation proposes to conduct business principally outside Mauritius or with such category of persons as may be specified in FSC Rules.

A corporation holding a Global Business Licence (GBC) may be used for structuring investments, holding intellectual property and providing financial services, or provide such other activities requiring other special licenses, amongst others.

A GBC must at all times:

  • Carry out its core income generating activities in or from Mauritius by
    • employing either directly or indirectly a reasonable number of qualified persons to carry out the core activities, and
    • having a minimum level of expenditure, which is proportionate to its level of activities
  • Be managed and controlled from Mauritius; and
  • Be administered by a management company.

Tax Features

GBCs are tax resident in Mauritius. Subject to meeting relevant conditions where applicable, the main tax features are as follows:

  • Access to the extensive network of Double Taxation Avoidance Agreements (DTAAs) which Mauritius has with other countries;
  • Eligible to the partial exemption regime under which 80% of certain income are exempted from income tax;
  • Eligible to underlying tax credit on dividends if shareholding in the company paying the dividend is directly or indirectly greater than 5%;
  • Eligible for tax sparing benefits;
  • No thin capitalization rules, earning stripping and controlled foreign company regulations;
  • Exempted from capital gains tax in Mauritius.

More Legal Structures

GLOBAL BUSINESS COMPANIES
GLOBAL BUSINESS COMPANIES
GLOBAL BUSINESS LICENCE
GLOBAL BUSINESS LICENCE
AUTHORISED COMPANY
AUTHORISED COMPANY
DOMESTIC COMPANY
DOMESTIC COMPANY
TRUST
TRUST
FOUNDATION
FOUNDATION
LIMITED PARTNERSHIP
LIMITED PARTNERSHIP
LIMITED LIABILITY PARTNERSHIP
LIMITED LIABILITY PARTNERSHIP