NON FINANCIAL SERVICES
Non Financial services
Besides licenses relating to financial services, the FSC grants various other licenses such as the following:
Global Headquarters Administration
A corporation intending to provide at least 3 of the following services to at least 3 related corporations may apply with the FSC for a Global Headquarters Administration Licence.
- Administration and general management
- Business planning and development and coordination
- Economic or investment research and analysis
- Services related to international corporate headquarters in Mauritius
- Such other global headquarters administration services as may be specified in FSC Rules
Provided that the licensee satisfies the conditions of (i) minimum employment and (ii) relating to the substance of its activities as specified by the FSC, it shall be granted tax holidays for a period of 8 income years as from the income year in which it was granted a licence.
Global Treasury Activities
A corporation intending to provide at least 3 of the following services to at least 3 related corporations may apply with the FSCfor a Global Treasury ActivitiesLicence:
- 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
- Management of funds for designated investments
- Such other global treasury activity as may be specified in FSC Rules
Provided that the licensee satisfies the conditions of (i) minimum employment and (ii) relating to the substance of its activities as specified by the FSC, it shall be granted tax holidays for a period of 5 income years as from the income year in which it was granted a licence.
Overseas Family Offices
The Overseas Family Office licence was introduced to cater for the domiciliation of high net worth family and multifamily offices. The licence can be of two types, namely the Single Family Office and the Multi Family Office, and is regulated by the FSC.
Features of Overseas Family Offices
- Corporate tax residency in Mauritius
- Work and live permit for immediate family members in Mauritius
- Eligibility to acquire immovable properties in Mauritius
Provided that the licensee satisfies the conditions of (i) minimum employment and (ii) relating to the substance of its activities as specified by the FSC, it shall be granted tax holidays for a period of 5 income years as from the income year in which it was granted a licence.