Our Products

  1. GBL 1
  2. GBL 2
  3. CIS


A GBL 1 can be set up to carry out any legal global business activities or such financial business activities as may be approved by the Regulator, the Financial Services Commission. This may include asset management, licensing and franchising, aircraft financing and leasing, pension fund administration, captive insurance, logistics, marketing, treasury management, consultancy services and project management. In addition to treaty benefits, a GBL 1 also enjoys:

• Low tax regime
• No capital gains tax
• No withholding tax on dividends, interest and royalties paid
• No exchange control on repatriation of profit, capital or interest
• No estate duty or inheritance tax

A GBL 1 is considered as tax resident in Mauritius and enjoys the benefits from the network of DTAs that Mauritius has ratified . It is taxed at 15% on its chargeable income but may claim a foreign tax credit in respect of foreign tax suffered or deemed 80% presumed foreign tax credit, whichever is the higher, thus resulting in a maximum effective tax rate of 3%.


A GBL 2 is a private company, which can only deal with non-residents and in currencies other than the Mauritian rupee. A GBL 2 is often used for invoicing, marketing and international trading activities where treaty benefits are not required.

A GBL 2 is not allowed to:

• Offer shares or raise capital from the public
• Carry out the business of company formation, management and administration or provide nominee or trusteeship services
• Undertake any financial services activity
• Carry on any banking, insurance or reinsurance business

A GBL 2 is tax exempt in Mauritius and does not have access to the Double Taxation Agreement network


Salient features of a Category 1 and a Category 2 Global Business Company



No Corporate Directors

Corporate Directors allowed

Dealings with residents are permissible subject to prior authorisation of the Commission

Dealings with residents not allowed

Can only undertake activities set out in the Business Plan filed with the Commission at the time of application for a licence.
The Commission shall be notified of amendments to Business Plan or working principle.

May not engage in the following activities:
- Banking

- Financial services

- Carrying out the business of holding or managing or otherwise dealing with a collective investment fund or scheme as a professional functionary

- Providing of registered office facilities, nominee services, directorship services, secretarial services or other services for corporations; and

- Providing trusteeship services by way of business.

Licensing conditions depend on activity

Standard licensing conditions

Submission of audited financial statements required within 3/6 months of financial year end

To file financial summary within 6 months of financial year end

Taxable entity in Mauritius and may as such qualify for Tax Residence Certificate issued pursuant to DTAA’s to which Mauritius is a party

Not taxable entity in Mauritius and consequently not entitled to Tax Residence Certificate

Mauritian resident may hold beneficial interest

Mauritian resident may not hold beneficial interest

May not hold shares in a Management Company

May not hold shares in a Management Company

May hold immovable property in Mauritius if appropriate approval has been obtained from the Prime Minister’s Office pursuant to the Non-Citizens (Property Restrictions) Act

May not hold property in Mauritius

May hold shares in a Category 2 Global Business Company except where shareholders or beneficial owners are Mauritian resident

May hold shares in a Category 1 Global Business Company



Global Business Funds are licensed as Category 1 Global Business Companies and classified as either :

• Open-ended Collective Investment Scheme; or
• Closed-end Private Equity Fund

The essential features that make a corporate vehicle a Collective Investment Scheme are:

• Pooling of funds from various investors
• Common investment of investors’ money into a portfolio of investments
• Investments based on a diversification of risk principle
• Redemption is at the option of the investors
• The investors do not participate in the day-to-day management of the scheme

By virtue of the Securities Act 2005, the different categories of a Collective Investment Scheme are:

• Global CIS
• Professional CIS
• Specialized CIS
• Expert Fund